05/31/2011 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
May
Present: Chair/Trustee Frank Hibbard, Trustee George N. Cretekos, Trustee
John Doran, Trustee Paul Gibson, and Trustee Bill Jonson.
Also Present: Jill S. Silverboard - Assistant City Manager, Rod Irwin -Assistant City
Manager, Pamela K. Akin - City Attorney, Rosemarie Call - City Clerk,
and Nicole Sprague — Official Records and Legislative Services
Coordinator.
To provide continuity for research, items are agenda order although not
necessarily discussed in that order.
1. Call to Order— Chair Frank Hibbard
The meeting was called to order at 9:50 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the May 16, 2011 Pension Trustees Meeting as
submitted in written summation by the City Clerk.
Trustee Paul Gibson moved to approve the minutes of the May 16, 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.
Name, Job. Class, & Dept./Div. Hire Pension
Date Elig. Date
Patrick Brafford, Water Safety Supervisor/Pks. & Rec. 4/4/11 4/4/11
Maurice Vickers, SW Equip. Oper./Sol. Waste Gen Ser. 4/25/11 4/25/11
Joseph Marshall, SW Equip. Oper./Sol. Waste Gen Ser. 4/25/11 4/25/11
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Stephanie Emrich, Police Com. Oper. Trainee/Police 4/25/11 4/25/11
Joseph Russo, Police Com. Oper. Trainee/Police 4/25/11 4/25/11
Andrew Barnes, Police Com. Oper. Trainee/Police 4/25/11 4/25/11
Jessica Silvas, Police Com. Oper. Trainee/Police 4/25/11 4/25/11
Trustee Bill Jonson 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 requests of employee Sharon Walton, Finance Department; William
Patterson, Public Utilities Department; Barbara Amiro, Engineering Department;
and Mark Weaver, Police Department, for a regular pension as provided by
Sections 2.397 and 2.398 of the Employees Pension Plan.
Sharon Walton, Risk Manager, Finance Department, was employed by the City on
May 5, 1982, and her pension service credit is effective on that date. Her pension
will be effective July 1, 2011. Based on an average salary of approximately
$66,114 per year over the past five years, the formula for computing regular
pensions, and Mr. Walton's selection of the 100% Joint & Survivor Annuity, this
pension will approximate $51,997 annually.
William Patterson, Water Plant Operator A, Public Utilities Department, was
employed by the City on December 5, 1983, and his pension service credit is
effective on that date. His pension will be effective May 1, 2011. Based on an
average salary of approximately $53,300 per year over the past five years, the
formula for computing regular pensions, and Mr. Patterson's selection of the
100% Joint & Survivor Annuity, this pension will approximate $39,348 annually.
Barbara Amiro, Traffic Technician, Engineering Department, was employed by the
City on December 22, 1986, and her pension service credit is effective on January
11, 1993. Her pension will be effective July 1, 2011. Based on an average salary
of approximately $42,113 per year over the past five years, the formula for
computing regular pensions, and Ms. Amiro's selection of the Joint & Survivor
Annuity, this pension will approximate $21,657 annually.
Mark Weaver, Police Officer, Police Department, was employed by the City on
May 14, 1988, and his pension service credit is effective on that date. His pension
will be effective May 1, 2011. Based on an average salary of approximately
$88,204 per year over the past five years, the formula for computing regular
pensions, and Mr. Weaver's selection of the 100% Joint & Survivor Annuity, this
pension will approximate $55,131 annually.
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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 Officer as
meeting the hazardous duty criteria. Ms. Walton and Mr. Patterson qualify under
the age 55 and twenty years of service criteria. Ms. Amiro qualifies under the age
65 and ten years of service criteria. Mr. Weaver qualifies under the hazardous
duty criteria.
Trustee John Doran moved to approve the requests of employee Sharon Walton,
Finance Department; William Patterson, Public Utilities Department; Barbara Amiro,
Engineering Department; and Mark Weaver, Police 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.
3.3 Approve the request of employee Brett Gardner, Engineering Department, to
vest his pension as provided by Section 2.397 of the Employees Pension Plan.
Brett Gardner, Engineering Department, was employed by the City on December
107 1984, and began participating in the Pension Plan on that date. Mr. Gardner
terminated from City employment on April 28, 2011.
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. Gardner would have completed at least 20 years of service
and reached age 55 on February 21, 2013. His pension will be effective March 1,
2013.
Trustee George N. Cretekos moved to approve the request of employee Brett Gardner,
Engineering Department, to vest his pension as provided by Section 2.397 of the
Employees Pension Plan. The motion was duly seconded and carried unanimously.
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4. Other Business — None.
5. Adjourn
The meeting was adjourned at 9:51 a.m.
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