10/19/2009
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
October 19, 2009
Present: Frank Hibbard Chair
Carlen Petersen Trustee
John Doran Trustee
George N. Cretekos Trustee
Paul Gibson Trustee
Also Present: William B. Horne, II City Manager
Jill S. Silverboard Assistant City Manager
Rod Irwin Assistant City Manager
Pamela K. Akin City Attorney
Rosemarie Call Management Analyst
Karen Vaughan Senior Staff Assistant
The Chair called the meeting to order at 9:08 a.m. at City Hall.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that 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.
Trustee Carlen Petersen moved to approve the minutes of the Pension Trustees
meeting of September 14, 2009 as recorded and submitted in written summation by the City
Clerk to each Trustee. 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
as recommended by the Pension Advisory Committee.
Name, Job Classification, and Department/Division Hire Date Pension 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
Trustee John Doran moved to accept the listed employees in the City of Clearwater’s
Employees’ Pension Plan as recommended by the Pension Advisory Committee. The motion
was duly seconded and carried unanimously.
Pension Trustees 2009-10-19
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3.2 Alfred Schaerffer. Solid Waste/General Services Department. be Qranted a reQular pension
under Section(s) 2.393 and 2.397 of the Emplovees' Pension Plan as approved bv the Pension
Advisory Committee.
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.
Trustee George N. Cretekos moved to grant Alfred Schaerffer, Solid Waste/General
Services 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 - Adjourn
The meeting adjourned at 9:09 a.m.
,~.~
Chair
Employee's Pension Plan Trustees
Attest:
Pension Trustees 2009-10-19
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