06/15/2009
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
June 15, 2009
Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee John
Doran, Trustee Paul Gibson, and Trustee Carlen Petersen.
Also William B. Horne II - City Manager, Jill S. Silverboard - Assistant City
present: Manager, Rod Irwin - Assistant City Manager, Pamela K. Akin - City Attorney,
Cynthia E. Goudeau - City Clerk, and Rosemarie Call - Management Analyst.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
1. Call to Order
The Chair called the meeting to order at 9:45 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the May 18, 2009 Pension Trustees Meeting as submitted
in written summation by the City Clerk.
Trustee George N. Cretekos moved to approve the minutes of the May 18, 2009
Pension Trustees Meeting as submitted in written summation by the City Clerk. The
motion was duly seconded and carried unanimously.
3. Pension Trustee Items
3.1 Employees listed below be accepted into the City of Clearwater’s Employees’
Pension Plan.
Pension
Name, Job Classification, and Department/Division Hire Date Elig. Date
Carol Mathieson, WWTP Operator Trainee/Public Util. 3/30/09 3/30/09
Trustee Paul Gibson moved to accept the listed employees into membership in the City
of Clearwater’s Employees’ Pension Plan. The motion was duly seconded and carried
unanimously.
3.2 Clarence Jones, Public Services; Glen Bahnick, Engineering; Louis Dacey, Parks
and Recreation; Kenneth Anderson, Public Services; Mary Case, Public Services;
Robert Wile, General Services/Solid Waste; Arlene Heger, Library; James
Seymour, Parks and Recreation; William Phillips, Development and Neighborhood
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Services; Cristofor Focsan, Engineering; Jennie Keegan, Finance; Michael Kohn,
Public Services; Margo Walbolt, Parks and Recreation; Jerald Davis, Solid
Waste/General Services; Paul Hoven, Solid Waste/General Services; Terry
Schmidt, Parks and Recreation; Sue Diana, Official Records and Legislative
Services; Ronald Hamm, Gas; Susan Phillips, City Manager; Joe Lain, Marine
and Aviation; Milton Bradley, Gas; Bernard Revelia, Fire; Christopher Menendez,
Fire; James Ruggiero, Fire; David Hogan, Fire; Nancy Miller, Police; and Dewey
Williams, Police, be granted regular pensions under Section(s) 2.393 and 2.397 of
the Employees Pension Plan as approved by the Pension Advisory Committee.
Clarence Jones, Public Services Technician II, Public Services Department, was
employed by the City on July 21, 1975, and his pension service credit is effective
on that date. His pension will be effective June 1, 2009. Based on an average
salary of approximately $43,523 per year over the past five years, the formula for
computing regular pensions, and Mr. Jones’ selection of the Joint & Survivor
Annuity, this pension will approximate $40,498 annually.
Glen Bahnick, Assistant Engineering Director, Engineering Department, was
employed by the City on April 18, 1983, and his pension service credit is effective
on that date. His pension will be effective June 1, 2009. Based on an average
salary of approximately $80,444 per year over the past five years, the formula for
computing regular pensions, and Mr. Bahnick’s selection of the 75% Joint &
Survivor Annuity, this pension will approximate $58,049 annually.
Louis Dacey, Parks Service Technician III, Parks & Recreation Department, was
employed by the City on January 17, 1987, and his pension service credit is
effective on that date. His pension will be effective May 1, 2009. Based on an
average salary of approximately $44,360 per year over the past five years, the
formula for computing regular pensions, and Mr. Dacey’s selection of the Joint &
Survivor Annuity, this pension will approximate $37,864 annually.
Kenneth Anderson, Tradesworker, Public Services Department, was employed by
the City on December 12, 1981, and his pension service credit is effective on that
date. His pension will be effective October 1, 2009. Based on an average salary
of approximately $42,884 per year over the past five years, the formula for
computing regular pensions, and Mr. Anderson’s selection of the 100% Joint &
Survivor Annuity, this pension will approximate $32,928 annually.
Mary Case, Senior Staff Assistant, Public Services Department, was employed by
the City on December 22,1980, and her pension service credit is effective on that
date. Her pension will be effective June 1, 2009. Based on an average salary of
approximately $39,560 per year over the past five years, the formula for
computing regular pensions, and Ms. Case’s selection of the Joint & Survivor
Annuity, this pension will approximate $30,902 annually.
Robert Wile, Solid Waste Worker, Solid Waste/General Services Department, was
Pension Trustees 2009-6-15 2
employed by the City on February 23, 1982, and his pension service credit is
effective on that date. His pension will be effective June 1, 2009. Based on an
average salary of approximately $34,105 per year over the past five years, the
formula for computing regular pensions, and Mr. Wile’s selection of the 100%
Joint & Survivor Annuity, this pension will approximate $24,978 annually.
Arlene Heger, Library Assistant, Library Department, was employed by the City on
March 15, 1986, and her pension service credit is effective on July 27, 1989. Her
pension will be effective August 1, 2009. Based on an average salary of
approximately $31,704 per year over the past five years, the formula for
computing regular pensions, and Ms. Heger’s selection of the Joint & Survivor
Annuity, this pension will approximate $17,437 annually.
James Seymour, Parks Service Supervisor I, Parks & Recreation Department,
was employed by the City on April 21, 1986, and his pension service credit is
effective on that date. His pension will be effective June 1, 2009. Based on an
average salary of approximately $51,496 per year over the past five years, the
formula for computing regular pensions, and Mr. Seymour’s selection of the Joint
& Survivor Annuity, this pension will approximate $32,697 annually.
William Phillips, Building Construction Inspector, Development & Neighborhood
Services Department, was employed by the City on April 11, 1988, and his
pension service credit is effective on that date. His pension will be effective June
1, 2009. Based on an average salary of approximately $60,570 per year over the
past five years, the formula for computing regular pensions, and Mr. Phillips’
selection of the 100% Joint & Survivor Annuity, this pension will approximate
$34,185 annually.
Cristofor Focsan, Engineering Specialist III, Engineering Department, was
employed by the City on March 11, 1991, and his pension service credit is
effective on that date. His pension will be effective June 1, 2009. Based on an
average salary of approximately $61,774 per year over the past five years, the
formula for computing regular pensions, and Mr. Focsan’s selection of the 75%
Joint & Survivor Annuity, this pension will approximate $31,462 annually.
Jennie Keegan, Accounting Clerk, Finance Department, was employed by the City
on April 9, 1973, and her pension service credit is effective on November 17,
1989. Her pension will be effective October 1, 2009. Based on an average salary
of approximately $36,914 per year over the past five years, the formula for
computing regular pensions, and Ms. Keegan’s selection of the 10-Year Certain &
Life Annuity, this pension will approximate $14,351 annually.
Michael Kohn, Public Service Heavy Equipment Operator, Public Services
Department, was employed by the City on January 17, 1977, and his pension
service credit is effective on that date. His pension will be effective June 1,
2009. Based on an average salary of approximately $45,677 per year over the
Pension Trustees 2009-6-15 3
past five years, the formula for computing regular pensions, and Mr. Kohn’s
selection of the 75% Joint & Survivor Annuity, this pension will approximate
$41,005 annually.
Margo Walbolt, Cultural Affairs Manager, Parks & Recreation Department, was
employed by the City on May 6, 1974, and her pension service credit is effective
on December 16, 1974. His pension will be effective June 1, 2009. Based on an
average salary of approximately $63,823 per year over the past five years, the
formula for computing regular pensions, and Mr. Walbolt’s selection of the Life
Annuity, this pension will approximate $65,472 annually.
Jerald Davis, Tradesworker, Solid Waste/General Service Department, was
employed by the City on July 11, 1994, and his pension service credit is effective
on that date. His pension will be effective October 1, 2009. Based on an average
salary of approximately $39,922 per year over the past five years, the formula for
computing regular pensions, and Mr. Davis’ selection of the 100% Joint & Survivor
Annuity, this pension will approximate $16,003 annually.
Paul Hoven, Fleet Mechanic Supervisor, Solid Waste/General Services
Department, was employed by the City on December 31, 1979, and his pension
service credit is effective on that date. His pension will be effective June 1,
2009. Based on an average salary of approximately $68,827 per year over the
past five years, the formula for computing regular pensions, and Mr. Hoven’s
selection of the Life Annuity, this pension will approximate $60,119 annually.
Terry Schmidt, Special Events Manager, Parks & Recreation Department, was
employed by the City on June 13, 1983, and his pension service credit is effective
on that date. His pension will be effective October 1, 2009. Based on an average
salary of approximately $72,743 per year over the past five years, the formula for
computing regular pensions, and Mr. Schmidt’s selection of the 100% Joint &
Survivor Annuity, this pension will approximate $51,529 annually.
Mary K. Diana, Assistant City Clerk, Official Records & Legislative Services
Department, was employed by the City on May 12, 1986, and her pension service
credit is effective on that date. Her pension will be effective October 1,
2009. Based on an average salary of approximately $71,362 per year over the
past five years, the formula for computing regular pensions, and Ms. Diana’s
selection of the Joint & Survivor Annuity, this pension will approximate $45,861
annually.
Ronald Hamm, Gas Supervisor, Gas Department, was employed by the City on
June 25, 1979, and his pension service credit is effective on that date. His
pension will be effective June 1, 2009. Based on an average salary of
approximately $70,428 per year over the past five years, the formula for
computing regular pensions, and Mr. Hamm’s selection of the 100% Joint &
Survivor Annuity, this pension will approximate $56,685 annually.
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Susan Phillips, Assistant to City Manager, City Manager Department, was
employed by the City on February 27, 1986, and her pension service credit is
effective on that date. Her pension will be effective June 1, 2009. Based on an
average salary of approximately $57,987 per year over the past five years, the
formula for computing regular pensions, and Ms. Phillips’ selection of the 50%
Joint & Survivor Annuity, this pension will approximate $38,344 annually.
Joe Lain, Water Safety Supervisor, Marine & Aviation Department, was employed
by the City on October 28, 1987, and his pension service credit is effective
January 2, 1989. His pension will be effective June 1, 2009. Based on an
average salary of approximately $52,941 per year over the past five years, the
formula for computing regular pensions, and Mr. Lain’s selection of the Life
Annuity, this pension will approximate $32,766 annually.
Milton Bradley, Gas Technician II, Gas Department, was employed by the City on
June 6, 1983, and his pension service credit is effective on that date. His pension
will be effective June 1, 2009. Based on an average salary of approximately
$42,115 per year over the past five years, the formula for computing regular
pensions, and Mr. Bradley’s selection of the Joint & Survivor Annuity, this pension
will approximate $30,070 annually.
Bernard Revelia, Fire Lieutenant, Fire Department, was employed by the City on
January 7, 1980, and his pension service credit is effective on that date. His
pension will be effective June 1, 2009. Based on an average salary of
approximately $80,020 per year over the past five years, the formula for
computing regular pensions, and Mr. Revelia’s selection of the 100% Joint &
Survivor Annuity, this pension will approximate $63,717 annually.
Christopher Menendez, Fire Lieutenant, Fire Department, was employed by the
City on February 4, 1980, and his pension service credit is effective on that
date. His pension will be effective May 1, 2009. Based on an average salary of
approximately $80,496 per year over the past five years, the formula for
computing regular pensions, and Mr. Menendez’ selection of the 100% Joint &
Survivor Annuity, this pension will approximate $63,739 annually.
James Ruggiero, Fire Lieutenant, Fire Department, was employed by the City on
March 21, 1983, and his pension service credit is effective on that date. His
pension will be effective June 1, 2009. Based on an average salary of
approximately $70,199 per year over the past five years, the formula for
computing regular pensions, and Mr. Ruggiero’s selection of the 100% Joint &
Survivor Annuity, this pension will approximate $49,458 annually.
David Hogan, Fire Medic, Fire Department, was employed by the City on July 10,
1989, and his pension service credit is effective on that date. His pension will be
effective August 1, 2009.
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Based on an average salary of approximately $63,581 per year over the past five
years, the formula for computing regular pensions, and Mr. Hogan’s selection of
the 100% Joint & Survivor Annuity, this pension will approximate $34,460
annually.
Nancy Miller, Police Lieutenant, Police Department, was employed by the City on
August 20, 1979, and her pension service credit is effective on that date. Her
pension will be effective October 1, 2009. Based on an average salary of
approximately $99,317 per year over the past five years, the formula for
computing regular pensions, and Ms. Miller’s selection of the 100% Joint &
Survivor Annuity, this pension will approximate $81,413 annually.
Dewey Williams, Deputy Police Chief, Police Department, was employed by the
City on March 14, 1977, and his pension service credit is effective on that
date. His pension will be effective October 1, 2009. Based on an average salary
of approximately $99,618 per year over the past five years, the formula for
computing regular pensions, and Mr. Williams’ selection of the 100% Joint &
Survivor Annuity, this pension will approximate $87,521 annually.
These pensions were approved by the Pension Advisory Committee on May 14,
2009.
Section 2.393 provides for normal retirement eligibility when a participant has
reached age 55 and completed twenty years of credited service, has completed
thirty years of credited service, or has reached age 65 and completed ten years of
credited service. Section 2.393 also provides for normal retirement eligibility
when a participant has completed twenty years of credited service or has reached
age 55 and completed ten years of credited service in a type of employment
described as “hazardous duty” and further defines service as a Fire Lieutenant,
Fire Medic, Police Lieutenant, and Deputy Police Chief as meeting the hazardous
duty criteria. Mr. Bahnick, Mr. Dacey, Mr. Anderson, Ms. Case, Mr. Wile, Ms.
Heger, Mr. Seymour, Mr. Phillips, Mr. Hoven, Mr. Schmidt, Ms. Diana, Mr. Hamm,
Ms. Phillips, Mr. Lain, and Mr. Bradley qualify under the age 55 and 20 years of
service criteria. Mr. Jones, Mr. Kohn, and Ms. Walbolt qualify under the thirty
years of service criteria. Mr. Davis, Mr. Focsan, and Ms. Keegan qualify under
the age 65 and 10 years of service criteria. Mr. Revelia, Mr. Menendez, Mr.
Ruggiero, Mr. Hogan, Ms. Miller, and Mr. Williams qualify under the hazardous
duty criteria.
Trustee Carlen Petersen moved that Clarence Jones, Public Services; Glen Bahnick,
Engineering; Louis Dacey, Parks and Recreation; Kenneth Anderson, Public Services;
Mary Case, Public Services; Robert Wile, General Services/Solid Waste; Arlene Heger,
Library; James Seymour, Parks and Recreation; William Phillips, Development and
Neighborhood Services; Cristofor Focsan, Engineering; Jennie Keegan, Finance;
Michael Kohn, Public Services; Margo Walbolt, Parks and Recreation; Jerald Davis,
Pension Trustees 2009-6-15 6
Solid Waste/General Services; Paul Hoven, Solid Waste/General Services; Terry
Schmidt, Parks and Recreation; Sue Diana, Official Records and Legislative Services;
Ronald Hamm, Gas; Susan Phillips, City Manager; Joe Lain, Marine and Aviation;
Milton Bradley, Gas; Bernard Revelia, Fire; Christopher Menendez, Fire; James
Ruggiero, Fire; David Hogan, Fire; Nancy Miller, Police; and Dewey Williams, Police, be
granted regular pensions under Section(s) 2.393 and 2.397 of the Employees Pension
Plan as approved by the Pension Advisory Committee. The motion was duly seconded
and carried unanimously.
3.3 Gwen Hollander, Legal Department; Donna Tormeno, Legal Department; Vincent
Mazza, Public Services Department; and Larry Leffler, Gas Department, be
allowed to vest their pensions under Section(s) 2.397 and 2.398 of the Employees
Pension Plan as approved by the Pension Advisory Committee.
Gwen Hollander, Legal Staff Assistant, Legal Department, was employed by the
City on August 12, 1999, and began participating in the Pension Plan on that
date. Ms. Hollander will terminate from City employment on September 25, 2009.
Donna Tormeno, Paralegal, Legal Department, was employed by the City on
March 25, 1991, and began participating in the Pension Plan on that date. Ms.
Tormeno will terminate from City employment on September 25, 2009.
Vincent Mazza, Street Sweeper Operator, Public Services Department, was
employed by the City on July 25, 1994, and began participating in the Pension
Plan on that date. Mr. Mazza will terminate from City employment on September
25, 2009.
Larry Leffler, Gas Technician III, Gas Department, was employed by the City on
November 19, 1990, and began participating in the Pension Plan on that date. Mr.
Leffler terminated from City employment on May 22, 2009.
The Employees’ Pension Plan provides that should an employee cease to be an
employee of the City of Clearwater or change status from full-time to part-time
after completing ten or more years of creditable service (pension participation),
such employee shall acquire a vested interest in the retirement benefits. Vested
pension payments commence on the first of the month following the month in
which the employee normally would have been eligible for retirement.
Section 2.393 (p) provides for normal retirement eligibility when a participant has
reached age 55 and completed twenty years of credited service, has completed
30 years of credited service, or has reached age 65 and completed ten years of
credited service. Ms. Hollander would have completed at least 10 years of service
and reached age 65 on December 19, 2009. Her pension will be effective January
1, 2010. Ms. Tormeno would have completed at least 20 years of service and
reached age 55 on January 16, 2011. Her pension will be effective April 1,
Pension Trustees 2009-6-15 7
2011. Mr. Mazza would have completed 10 years of service and reached age 65
on December 19, 2009. His pension will be effective January 1, 2010. Mr. Leffler
would have completed 10 years of service and reached age 65 on April 30,
2010. His pension will be effective May 1, 2010. These pensions were approved
by the Pension Advisory Committee on May 14, 2009.
Trustee John Doran moved that Gwen Hollander, Legal Department; Donna Tormeno,
Legal Department; Vincent Mazza, Public Services Department; and Larry Leffler, Gas
Department, be allowed to vest their pensions under Section(s) 2.397 and 2.398 of the
Employees Pension Plan as approved by the Pension Advisory Committee. The motion
was duly seconded and carried unanimously.
4. Other Business - None.
5. Adiourn
The meeting adjourned at 9:47 a.m.
.3L...JP ~
Chair
Employee's Pension Plan Trustees
Attest
Pension Trustees 2009-6-15
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