03/15/2011
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
MINUTES
March 15, 2011
Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee
John Doran, Trustee Paul Gibson, and Trustee Bill Jonson.
Also Present: William B. Horne II - City Manager, Jill S. Silverboard - Assistant City
Manager, Rod Irwin - Assistant City Manager, Pamela K. Akin – City
Attorney, and Rosemarie Call - City Clerk.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
1. Call to Order
Chair Frank Hibbard called the meeting to order at 8:35 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the February 15, 2011 Pension Trustees Meeting as
submitted in written summation by the City Clerk.
Trustee Bill Jonson moved to approve the minutes of the February 15, 2011 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 in the Pension Plan as listed.
Pension Elig.
Name, Job. Class, & Dept./Div Hire Date
Date
Paul Hayes, WWTP Operator Trainee/Public Utilities 12/20/10 12/20/10
James Doucette, Maint.Worker/Solid Waste-General Ser. 12/20/10 12/20/10
Michael Scanlon, Parks Service Tech. I/Parks & Rec. 12/20/10 12/20/10
Edward Bryant, SW Equip.Oper./Solid Waste-Gen. Ser. 12/2010 12/20/10
Matthew Anderson, Parks Service Tech. I/Parks & Rec. 12/20/10 12/20/10
Pension Trustees 2011-03-15 1
Barbara Soderlund, Parks Service Tech. I/Parks & Rec. 12/20/10 12/20/10
Patsy McCain, WWTP Operator Trainee/Public Utilities 1/4/11 1/4/11
Victoria Boston, Customer Service Rep./Customer Serv. 1/3/11 1/3/11
Jonathan Anderson, Graphics Designer/Public Com. 1/3/11 1/3/11
Dustin Dulek, Parks Service Technician I/Parks & Rec. 1/18/11 1/18/11
Trustee John Doran moved to
approve new hires for acceptance in the Pension Plan as
listed. The motion was duly seconded and carried unanimously.
3.2 Approve the request of employees George Elfter, Solid Waste/General Services
Department, and Gordon Grandi, Gas Department, for a regular pension as
provided by Sections 2.397 and 2.398 of the Employees Pension Plan.
George Elfter, Solid Waste Equipment Operator, Solid Waste/General Services
Department, was employed by the City on September 7, 1993, and his pension
service credit is effective on March 7, 1994. His pension will be effective March 1,
2011. Based on an average salary of approximately $41,835 per year over the
past five years, the formula for computing regular pensions, and Mr. Elfter's
selection of the Joint and Survivor Annuity, this pension will approximate $19,488
annually.
Gordon Grandi, Gas Specialist, Gas Department, was employed by the City on
January 6, 1986, and his pension service credit is effective on that date. His
pension will be effective March 1, 2011. Based on an average salary of
approximately $53,742 per year over the past five years, the formula for
computing regular pensions, and Mr. Grandi's selection of the 50% Joint &
Survivor Annuity, this pension will approximate $39,135 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. Mr. Elfter qualifies under the age 65 and ten years of service
criteria. Mr. Grandi qualifies under the age 55 and 20 years of service criteria.
Trustee George N. Cretekos moved to approve the request of employees George Elfter,
Solid Waste/General Services Department, and Gordon Grandi, Gas Department, for a
regular pension as provided by Sections 2.397 and 2.398 of the Employees Pension
Plan. The motion was duly seconded and carried unanimously.
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3_3 Approve the request of employee Stephen Agathos, Solid Waste/General
Services Department to vest his pension as provided by Section 2.397 of the
Employees Pension Plan.
Stephen Agathos, Plumber, Solid Waste/General Services Department, was
employed by the City on November 20, 2000, and began participating in the
Pension Plan on that date. Mr. Agathos terminated from City employment on
December 28, 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. Agathos would have completed at least 20 years of service
and reached age 55 on June 16, 2023. His pension will be effective July 1, 2023.
Trustee Bill Jonson moved to approve the request of employee Stephen Agathos, Solid
Waste/General Services Department, to vest his pension as provided by Section 2.397
of the Employees Pension Plan. The motion was duly seconded and carried
unanimously.
4. Other Business - None.
5. Adiourn
The meeting was adjourned at 8:36 a.m.
Attest
City Clerk
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Pension Trustees 2011-03-15
Chair
Employee's Pension Plan Trustees
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