12/13/2010
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
MINUTES
CITY OF CLEARWATER
December 13, 2010
Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee John
Doran, Trustee Paul Gibson, and Trustee Bill Jonson.
Also William B. Horne II - City Manager, Jill S. Silverboard - Assistant City
present: Manager, Rod Irwin - Assistant City Manager, Pamela K. Akin - City Attorney,
Rosemarie Call - City Clerk, and Karen Vaughan - Administrative Analyst.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
1. Call to Order - Chair Frank Hibbard
The meeting was called to order at 8:47 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the November 1, 2010 Pension Trustees meeting as
submitted in written summation by the City Clerk.
Trustee John Doran moved to approve the minutes of the November 1, 2010 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 Approve new hires for acceptance into Pension Plan as listed and recommended
by the Pension Advisory Committee.
Hire Pension Elig.
PensionName, Job. Class, & Dept./Div.
Date Date
Deborah Del Sole, Field Service Rep. I/Customer
10/4/10 10/4/10
Service
Kevin Nurnberger, Planner II/Planning and
10/18/10 10/18/10
Development
Manuel Diaz, Police Aide/Police 12/22/07 10/11/10*
Sean Kelly, Systems Programmer/Information Tech. 10/11/10 10/11/10
Pension Trustee 2010-12-13 1
Cheri Drigan, Customer Service Representative/Gas 10/11/10 10/11/10
Ekaterini Gerakios, Economic Dev. Coordinator/Econ. 10/4/10 10/4/10
Dev.
William Olive, Police Communications 9/27/10 9/27/10
Operator/Police
* Originally hired as part-time on 12/22/07; transferred to full-time and pension
eligible as of 10/11/10
Trustee George N. Cretekos moved to approve new hires for acceptance into Pension
Plan as listed and recommended by the Pension Advisory Committee. The motion was
duly seconded and carried unanimously.
3.2 Approve the requests of employees Deborah Richter of Police, Mark Goheen of
Parks and 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 as recommended by the Pension Advisory Committee.
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 and Survivor Annuity, this pension will approximate $49,995
annually.
Mark Goheen, Administrative Analyst, Parks and 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 and 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 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
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the 100% Joint and 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. Mr. Young and Mr. Sudler qualify under the
hazardous duty criteria.
Trustee Paul Gibson moved to approve the requests of employees Deborah Richter of
Police, Mark Goheen of Parks and 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 as recommended by the Pension Advisory Committee. The
motion was duly seconded and carried unanimously.
4. Other Business - None.
5. Adjourn
The meeting was adjourned at 8:48 a.m.
Chair
Employee's Pension Plan Trustees
Attest
SoFtyF
City Clerk
Pension Trustee 2010-12-13 3