09/14/2009
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
September 14, 2009
Present: Mayor Frank Hibbard, Vice-Mayor Paul Gibson, Councilmember George N.
Cretekos, Councilmember John Doran, and Councilmember 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 meeting was called to order at 1:12 p.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the August 17, 2009 Pension Trustees Meeting as
submitted in written summation by the City Clerk.
Councilmember Carlen Petersen moved to approve the minutes of the August 17, 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 John Diebel, Police Department, be granted a regular pension under Section(s)
2.393 and 2.397 of the Employees Pension Plan as approved by the Pension
Advisory Committee.
John Diebel, Police Sergeant, Police Department, was employed by the City on
August 12, 1985, 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 $92,984 per year over the past five
years, the formula for computing regular pensions, and Mr. Diebel’s selection of
the 100% Joint & Survivor Annuity, this pension will approximate $60,480
annually.
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This pension was approved by the Pension Advisory Committee on August 13,
2009. 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 Police Sergeant as meeting the
hazardous duty criteria. Mr. Diebel qualifies under the hazardous duty criteria.
Councilmember John Doran moved to grant John Diebel, Police Department, a regular
pension 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.
4. Other Business - None.
5. Adiourn
The meeting was adjourned at 1: 13 p.m.
~ j<'7~
Cllair
Employee's Pension Plan Trustees
Attest
Pension Trustees 2009-09-14
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