07/18/2011 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
My 18, 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, Rosemarie Call - City Clerk, Nicole Sprague — Official
Records and Legislative Services Coordinator.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
1. Call to Order— Chair/Trustee Frank Hibbard
The meeting was called to order at 8:44 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the May 31, 2011 Pension Trustees meeting as
submitted in written summation by the City Clerk.
Trustee George N. Cretekos moved to approve the minutes of the May 31, 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 the new hires for acceptance in the Pension Plan as listed.
Pension
Name, Job. Class, & Dept./Div .. Hire Date Elie Date
Geoffrey Newton, Police Officer/Police 5/23/11 5/23/11
Andrew Anderson, Police Officer/Police 5/23/11 5/23/11
Robert Main, Police Officer/Police 5/23/11 5/23/11
Justin Howard, Police Officer/Police 5/23/11 5/23/11
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James Troutman, WWTP Operator Trainee/Public Utilities 5/23/11 5/23/11
Gregg Kunz, Custodial Worker/Marine & Aviation 4/4/11 5/23/11
Keri James, Service Dispatcher/Gas 5/23/11 5/23/11
*originally hired as temporary on 4/4/11; transferred to permanent and pension eligible as of
5/23/11
Trustee Paul Gibson moved to approve the 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 Glen Altomare, Public Utilities Department;
Robert Schneider, Public Utilities Department; Earl Barrett, Engineering
Department; Robert Kinchen, Police Department, and Mark Trulock, Police
Department, for a regular pension as provided by Sections 2.397 and 2.398 of
the Employees Pension Plan.
Glen Altomare, Utilities Mechanic, Public Utilities Department, was employed by
the City on August 11, 1986, and his pension service credit is effective on that
date. His pension will be effective July 1, 2011. Based on an average salary of
approximately $50,357 per year over the past five years, the formula for
computing regular pensions, and Mr. Altomare's selection of the 100% Joint and
Survivor Annuity, this pension will approximate $33,440 annually.
Robert Schneider, Utilities Mechanic, Public Utilities Department, was employed
by the City on February 25, 1991, and his pension service credit is effective on
that date. His pension will be effective August 1, 2011. Based on an average
salary of approximately $48,065 per year over the past five years, the formula for
computing regular pensions, and Mr. Schneider's selection of the 50% Joint and
Survivor Annuity, this pension will approximate $27,848 annually.
Earl Barrett, Real Estate Services Coordinator, Engineering Department, was
employed by the City on January 14, 1991, and his pension service credit is
effective on that date. His pension will be effective August 1, 2011. Based on an
average salary of approximately $60,040 per year over the past five years, the
formula for computing regular pensions, and Mr. Barrett's selection of the 50%
Joint and Survivor Annuity, this pension will approximate $35,868 annually.
Robert Kinchen, Police Sergeant, Police Department, was employed by the City
on November 3, 1989, and his pension service credit is effective on that date. His
pension will be effective July 1, 2011. Based on an average salary of
approximately $87,635 per year over the past five years, the formula for
Pension Trustees 2011-07-18 2
camputing regular pensions, and Mr. Weaver's selection of the Joint and Survivor
Annuity, this pension will approximate $52,196 annually.
Mark Trulock, Police Sergeant, Police Department, was employed by the City an
May 20, 198$, and his pension service credit is �ffective on that date. His pension
will be effective October 1, 2011. Based on an average salary of approximately
$100,303 per year ov�r the past five years, the formula for camputing regular
pensions, and Mr. Trulock's selection ofi the 100% Joint and Survivor Annuity, this
pension will approximate $fi3,362 annually.
Section 2.397 pravides for normal rEtirement eligibility when a participant has
completed thirty years of cr�dited 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 pravides far normal retirement eligibility
when a participant has completed twenty years of credited servics ar has reached
age 55 and completed ten years of credited service in a type af emplayment
described as "hazardous duty" and further defines service as a Palice Serg�ant
as meeting the hazardous duty criteria. Mr. Altomare, Mr. Schneider, and Mr.
Barrett qualify under the age 55 and twenty years of service criteria. Mr. Kinchen
and Mr. Trulock qualify under the hazardous duty crit�ria.
Trustee Bill Jonsan moved to approve the requests Qf employee Glen Altomare, Public
Utilities Department; Robert Schneider, Public Utilities Department; Earl Barr�tt,
Engineering Department; Robert Kinchen, Police Department, and Mark Trulock, Palice
Departm�nt, 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.
4. Other Business — None.
5. AdJourn
The meeting was adjourned at 8:44 a.m.
Attest
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Chair
Employee's Pension Plan Trustees
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City Clerk � '� o
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Pension Trustees 2011-07-1