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11/17/2010 PENSION ADVISORY COMMITTEE MEETING MINUTES CITY OF CLEARWATER November 17, 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 Bill Jonson Committee Member/Councilmember Absent: Nathan Hightower Chair Also Present: Joe Roseto Human Resources Director Patricia O. Sullivan Board Reporter The Vice Chair called the meeting to order at 9:30 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 – October 14, 2010 Member Doran moved to approve the minutes of the regular Pension Advisory Committee meeting of October 14, 2010, as submitted in written summation to each board member. The motion was duly seconded and carried unanimously. 3 – Review and Action on Employee Requests for Regular Pension 3.1. Recommend approval of requests of employees Deborah Richter of Police, Mark Goheen of Parks & Recreation, Joseph Young of Police, and Ronald Sudler of Police for regular pensions as provided by Sections 2.397 and 2.398 of the Employees’ Pension Plan. Deborah Richter, Administrative Support Manager, Police Department , was employed by the City on July 27, 1981, and her pension service credit is effective on that date. Her pension will be effective August 1, 2011. Based on an average salary of approximately $60,963 per year over the past five years, the formula for computing regular pensions, and Ms. Richter’s selection of the 100% Joint & Survivor Annuity, this pension will approximate $49,995 annually. Mark Goheen, Administrative Analyst, Parks & Recreation Department , was employed by the City on September 6, 1979, and his pension service credit is effective on February 8, 1981. His pension will be effective March 1, 2011. Based on an average salary of approximately $54,260 per year over the past five years, the formula for computing regular pensions, and Mr. Goheen’s selection of the Joint & Survivor Annuity, this pension will approximate $44,835 annually. Joseph Young, Police Lieutenant, Police Department , was employed by the City on May 20, 1988, and his pension service credit is effective on that date. His pension will be Pension Advisory 2010-11-17 1 effective November 1, 2010. Based on an average salary of approximately $107,153 per year over the past five years, the formula for computing regular pensions, and Mr. Young’s selection of the Life Annuity, this pension will approximate $72,577 annually. Ronald Sudler, Police Lieutenant, Police Department , was employed by the City on April 12, 1982, and his pension service credit is effective on that date. His pension will be effective November 1, 2010. Based on an average salary of approximately $95,696 per year over the past five years, the formula for computing regular pensions, and Mr. Sudler’s selection of the 100% Joint & Survivor Annuity, this pension will approximate $74,019 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. Section 2.397 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 Lieutenant as meeting the hazardous duty criteria. Ms. Richter and Mr. Goheen qualify under the 30 years of service criteria. Messrs. Young and Sudler qualify under the hazardous duty criteria. Member Schmalzbauer moved to recommend approval of requests of employees Deborah Richter of Police, Mark Goheen of Parks & Recreation, Joseph Young of Police, and Ronald Sudler of Police for regular pensions as provided by Sections 2.397 and 2.398 of the Employees’ Pension Plan. The motion was duly seconded and carried unanimously. 4 – Approval of New Hires as Plan Members 4.1 Recommend acceptance of new hires into Pension Plan as listed. Pension Name, Job Classification, & Department/Division Hire Date Elig. Date Deborah Del Sole, Field Service Rep. I/Customer Service 10/04/10 10/04/10 Kevin Nurnberger, Planner II/Planning & Development 10/18/10 10/18/10 Manuel Diaz, Police Aide/Police 12/22/07 10/11/10 Sean Kelly, Systems Programmer/Information Technology 10/11/10 10/11/10 Cheri Drigan, Customer Service Representative/Gas 10/11/10 10/11/10 Ekaterini Gerakios, Economic Dev. Coordinator/Econ. Dev. 10/04/10 10/04/10 William Olive, Police Communications Operator/Police 09/27/10 09/27/10 Manuel Diaz originally was hired as part-time on December 22, 2007; transferred to full- time and pension eligible as of October 11, 2010. Member Jonson moved to recommend acceptance of new hires into the Pension Plan as listed. The motion was duly seconded and carried unanimously. 5 – Pending New Business 5.1 Jerry Howell’s Disability Request – Schedule date for disability hearing Pension Advisory 2010-11-17 2 Human Resources Director Joe Roseto said information related to Jerry Howell's disability request had been forwarded to PAC (Pension Advisory Committee) members. In his October 25, 2010 report, IME (Independent Medical Exam) physician Michael Wasylik MD felt that Mr. Howell is totally disabled from performing his duties as a firefighter for the City, that his disability is related to his on the job work injury, and that no available procedure will significantly improve his condition. Member Jonson moved to accept into evidence the entire file, inclusive of the personnel file, interrogatories, medical records, and the IME (Independent Medical Exam). The motion was duly seconded and carried unanimously. Member Doran moved that Jerry Howell is totally disabled due to a job-connected injury, such disability is likely to be continuous and permanent from a cause other than those listed as general disability exclusions, and such disability renders the participant unable to perform any useful, meaningful, and necessary work for the City as a firefighter. The motion was duly seconded and carried unanimously. 6 - Director's Report Mr. Roseto announced the presentation of actuary information related to possible Pension Plan changes is scheduled for a Special Pension Trustees Work Session on December 6, 2010 at 1:00 p.m. 7 - Committee Members to be Heard Members thanked retiring employees for their contributions to the City and its residents. Member Schmalzbauer noted the passing of John Coleman. 8- Adjourn The meeting adjourned at 9:52 a.m. Chair Pension Advisory Committee Pension Advisory 2010-11-17 3