10/19/2009
4 PENSION TRUSTEES AGENDA
Location: Council Chambers - City Hall
Date: 10/19/2009- 9:00 AM
1. Call to Order
2. Approval of Minutes
2.1 Approve the minutes of the September 14, 2009 Pension Trustees Meeting as submitted in written
summation by the City Clerk.
Attachments
3. Pension Trustee Items
3.1 Employees listed below be accepted into the City of Clearwater's Employees' Pension Plan as
recommended by the Pension Advisory Committee.
Attachments
3.2 Alfred Schaerffer, Solid Waste/General Services 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.
Attachments
4. Other Business
5. Adjourn
Meeting Date: 10/ 19/2009
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Approve the minutes of the September 14, 2009 Pension Trustees Meeting as submitted in written summation by the City Clerk.
SUMMARY:
Review Approval: 1) Clerk
Cover Memo
Item # 1
Attachment number 1
Page 1 of 2
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
September 14, 2009
Unapproved
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 Citv 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.
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.
Pension Trustees 2009-09-14 Item #11
Attachment number 1
Page 2 of 2
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.
The meeting was adjourned at 1:13 p.m.
Chair
Employee's Pension Plan Trustees
Attest
City Clerk
Pension Trustees 2009-09-14 Item #21
Meeting Date: 10/ 19/2009
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Employees listed below be accepted into the City of Clearwater's Employees' Pension Plan as recommended by the Pension Advisory
Committee.
SUMMARY:
Pension
Name, Job Classification, and Department/Division Hire Date Elig. Date
Chris Thorn, Gas Sales Representative/Gas 6/13/94 8/3/09 *
Steven Sorrelss, Senior Accountant/Solid Waste Gen. Ser. 8/17/09 8/17/09
* originally employed as an unclassified employee on 6/13/94; demoted and pension eligible as of 8/3/09
Review Approval: 1) Clerk
Cover Memo
Item # 2
Meeting Date: 10/ 19/2009
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Alfred Schaerffer, Solid Waste/General Services 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.
SUMMARY:
Alfred Schaerffer, Container Maintenance Worker, Solid Waste/General Services Department, was employed by the City on July
22, 1981, and his pension service credit is effective on that date. His pension will be effective November 1, 2009.
Based on an average salary of approximately $40,871 per year over the past five years, the formula for computing regular pensions, and
Mr. Schaerffer's selection of the Joint & Survivor Annuity, this pension will approximate $31,780 annually.
This pension was approved by the Pension Advisory Committee on September 10, 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. Mr. Schaerffer qualifies under the age 55 and 20 years of
service criteria.
Review Approval: 1) Clerk
Cover Memo
Item # 3