Loading...
01/11/2011 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES CITY OF CLEARWATER January 11, 2011 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 9:08 a.m. at City Hall. 2. Approval of Minutes 2.1 Approve the minutes of the December 13, 2010 Pension Trustees meeting as submitted in written summation by the City Clerk. Trustee John Doran moved to approve the minutes of the December 13, 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. Pension Name, Job. Class, & Hire Date Pension Dept./Div.Elig. Date Steven King, Administrative Analyst/Parks & 11/15/10 11/15/10 Rec. Raymond Croze, Police 10/25/10 10/25/10 Pension Trustee 2011-01-11 1 Officer/Police Jason Slaughter, SW Equip. Oper./Solid 11/8/10 11/8/10 Waste/Gen. Ser. Horace Purifoy, Public Utilities Technician I/Public 11/9/10 11/9/10 Utilities Ashley Bailey, SW Worker/Solid Waste/General 11/8/10 11/8/10 Services Kyle Clark, Public Utilities Technician I/Public 11/8/10 11/8/10 Utilities Ernesto Rodriguez, SW Equip. Oper./Solid 11/8/10 11/8/10 Waste/Gen. Ser. Chaddrick Cann, SW Equip. Oper./Solid 11/8/10 11/8/10 Waste/Gen. Ser. Martin Lindemann, SWWorker/Solid Waste/Gen. 11/8/10 11/8/10* Services Robert McAnally, Fleet Mechanic/Solid 11/8/10 11/8/10 Waste/General Ser. Leonardo Aragones, Fleet Mechanic/Solid 11/8/10 11/8/10 Waste/Gen. Ser. Kevin Wylie, Public Utilities Technician I/Public 11/8/10 11/8/10 Utilities Eric Pickford, Public Utilities Technician I/Public 11/8/10 11/8/10 Utilities Brandi Montgomery, SW Equip. Oper./SW/Gen. 10/25/10 10/25/10 Ser. Joseph Czop, Police 10/25/10 10/25/10 Officer/Police Maria Pita, Police 10/25/10 10/25/10 Officer/Police Ronald Hayes, Gas Technician 10/25/10 10/25/10 I/Gas Todd LaBrecque, Warehouse Clerk/Solid 10/25/10 10/25/10 Waste/Gen. Ser. Mike Mailles, Gas Technician 10/25/10 10/25/10 I/Gas Ralph Shaw, Recreation Programmer/Parks & 4/3/10 10/24/10 ** Recreation Alan Tyler, Gas Technician 10/25/10 10/25/10 I/Gas Paul Thompson, Field Service 11/22/10 11/22/10 Representative/Cust. Service Celia Wilcox, Field Service Representative/Cust. 11/22/10 11/22/10 Service Brian Palmer, Public Utilities Technician I/Public 10/26/10 10/26/10 Pension Trustee 2011-01-11 2 Utilities *Originally hired as temporary on 8/10/10; transferred to full-time and pension eligible as of 11/8/10 **Originally hired as part-time on 4/3/10; promoted and pension eligible as of 10/25/10 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 Jo Ellyn King, Parks and Recreation Department, and Ronald Nessler, Public Utilities Department, for regular pensions as provided by Sections 2.397 and 2.398 of the Employees Pension Plan and recommended by the Pension Advisory Committee. Jo Ellyn King, Parks Service Supervisor I, Parks and Recreation Department, was employed by the City on November 10, 1980, and her pension service credit is effective on that date. Her pension will be effective January 1, 2011. Based on an average salary of approximately $50,483 per year over the past five years, the formula for computing regular pensions, and Ms. King’s selection of the Life Annuity, this pension will approximate $44,490 annually. Ronald Nessler, Wastewater Treatment Plant Operator A, Public Utilities Department, was employed by the City on July 10, 1980, and his pension service credit is effective on that date. His pension will be effective January 1, 2011. Based on an average salary of approximately $68,862 per year over the past five years, the formula for computing regular pensions, and Mr. Nessler’s selection of the Joint and Survivor Annuity, this pension will approximate $57,710 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. King and Mr. Nessler qualify under the 30 years of service criteria. Trustee Paul Gibson moved to approve the requests of employees Jo Ellyn King, Parks and Recreation Department, and Ronald Nessler, Public Utilities Department, for regular pensions as provided by Sections 2.397 and 2.398 of the Employees Pension Plan and recommended by the Pension Advisory Committee. The motion was duly seconded and carried unanimously. 3.3 Approve the request of employee Mladen Zdjelar to vest his pension as provided by Section 2.397 of the Employees Pension Plan and recommended by the Pension Trustee 2011-01-11 3 Pension Advisa Committee. Mladen Zdjelar, Network Analyst, Information Technology Department, was employed by the City on June 12, 1995 and began participating in the Pension Plan on that date. Mr. Zdjelar terminated from City employment on December 3, 2010. The Employees' Pension Plan provides that should an employee cease to be an employee of the City of Clearwater or change status from full-time to part-time after completing ten or more years of creditable service (pension participation), such employee shall acquire a vested interest in the retirement benefits. Vested pension payments commence on the first of the month following the month in which the employee normally would have been eligible for retirement. Section 2.397 provides for normal retirement eligibility when a participant has reached age 55 and completed twenty years of credited service, has completed 30 years of credited service, or has reached age 65 and completed ten years of credited service. Mr. Zdjelar would have completed 20 years of service and reached age 55 on June 12, 2015. His pension will be effective July 1, 2015. Trustee Bill Jonson moved to approve the request of employee Mladen Zdjelar to vest his pension as provided by Section 2.397 of the Employees Pension Plan and 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 9:10 a.m. Chair Employee's Pension Plan Trustees Attest r/$ ?"` City Clerk Pension Trustee 2011 -01 -11 4