10/14/2010
PENSION ADVISORY COMMITTEE MEETING MINUTES
CITY OF CLEARWATER
October 14, 2010
Present: Tom Jensen Vice-Chair
John Schmalzbauer Committee Member
John Doran Committee Member/Councilmember
Paul Gibson Committee Member/Councilmember
Brian De Witt Committee Member
Absent: Nathan Hightower Chair
Bill Jonson Committee Member/Councilmember
Also Present: Joe Roseto Human Resources Director
Patricia O. Sullivan Board Reporter
The Vice Chair called the meeting to order at 9:00 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
– September 9, 2010
Member Gibson moved to approve the minutes of the regular Pension Advisory
Committee meeting of September 9, 2010, as submitted in written summation to each board
member. The motion was duly seconded and carried unanimously.
3 – Review and Action on Employee Request for Regular Pension
3.1. Recommend approval to grant request by employee Margaret Simmons for a regular
pension as provided by Sections 2.397 and 2.398.
Margaret Simmons, Finance Director, Finance Department, was employed by the City
on September 20, 1982, and her pension service credit is effective on that date. Her pension
will be effective March 1, 2011. Based on an average salary of approximately $113,248 per
year over the past five years, the formula for computing regular pensions, and Ms. Simmons’
selection of the 100% Joint & Survivor Annuity, this pension will approximate $87,475 annually.
Section 2.397 provides for normal retirement eligibility when a participant has completed
thirty years of credited service, has reached age 55 and completed twenty years of credited
service, or has reached age 65 and completed ten years of credited service. Ms. Simmons
qualifies under the 20 years of service and at least age 55 criteria.
Member Gibson moved to recommend approval of the request by employee Margaret
Simmons for a regular pension as provided by Sections 2.397 and 2.398. The motion was duly
seconded and carried unanimously.
4 – Approval of New Hires as Plan Members
Pension Advisory 2010-10-14 1
4.1 Recommend acceptance of new hires into Pension Plan as listed.
Name Job Classification, & Department/Division
Nicole Allen, Design & Mapping Technician/Engineering
Chris Daugherty, Design & Mapping Technician/Engineering
Kelly Hollinger, Accounting Clerk/Finance
Eric Kelly, Solid Waste Equip. Operator/Solid Waste/Gen. Svcs
Ann Marie Hughes, Accounting Clerk/Finance
Dale Marion, WWTP Operator Trainee/Public Utilities
Kari Connor, Accounting Clerk/Solid Waste/General Services
Sheri Bowers, Accounting Clerk/information Technology
William Olive, Police Communications Operator/Police
Martin Tobin, Systems Programmer/Information Technology
Leanne Walker, Library Assistant/Library
Pension
Hire Date Elig. Date
08/30/10 08/30/10
08/30/10 08/30/10
04/21/03 09/11/10
09/13/10 09/13/10
09/13/10 09/13/10
09/13/10 09/13/10
09/13/10 09/13/10
09/20/10 09/20/10
09/27/10 09/27/10
09/27/10 09/27/10
03/15/10 09/25/10
Kelly Hollinger originally was hired April 21, 2003 as part-time; voluntarily demoted and
pension eligible as of September 13, 2010. Leanne Walker originally was hired March 15, 2010
as part-time; promoted and pension eligible as of September 25, 2010.
Member Doran moved to recommend acceptance of new hires into the Pension Plan as
listed. The motion was duly seconded and carried unanimously.
5 - Director's Report
Human Resources Director Joe Roseto said the committee's next normal meeting date
falls on November 11, Veterans Day.
Member Doran moved to schedule the November PAC (Pension Advisory Committee)
meeting on Wednesday, November 17, 2010, at 9:30 a.m.
6 - Committee Members to be Heard
Members thanked retiring employee Margie Simmons for her many contributions to the
City and wished her well.
Member Doran said he and Member Jonson had attended the fall FPPTA (Florida Public
Pension Trustees Association) training; course books are available for review.
Discussion ensued regarding problems faced by retirees who lack sufficient savings.
7 - Adjourn 1rtn
The eting adjourned at 9:10 a.m. OCC-607tC
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Attest: Pension idvisory Committee
rd Reporte
Pension Advisory 2010-10-14 2