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10/31/2011 PENSION TRUSTEES AGENDA Location: Council Chambers - City Hall Date: 10/31/2011- 9:00 AM 1. Call to Order 2. Approval of Minutes 2.1Approve the minutes of the October 17, 2011 Pension Trustees Meeting as submitted in written summation by the City Clerk. Attachments 3. Pension Trustee Items 3.1Approve the new hires for acceptance into the Pension Plan as listed. Attachments 3.2Approve the request of employee Donald Filmon, Public Services Department; Daniel Doyle, Solid Waste/General Services Department; and Stephan Hole, Police Department, for a regular pension as provided by Sections 2.397 and 2.398 of the Employees’ Pension Plan. Attachments 4. Other Business 5. Adjourn Meeting Date: 10/31/2011 Pension Trustees Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the minutes of the October 17, 2011 Pension Trustees Meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: Cover Memo Item # 1 Attachment number 1 Page 1 of 3 Item # 1 Attachment number 1 Page 2 of 3 Item # 1 Attachment number 1 Page 3 of 3 Item # 1 Meeting Date: 10/31/2011 Pension Trustees Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the new hires for acceptance into the Pension Plan as listed. SUMMARY: Pension Name, Job. Class, & Dept./Div. Hire Date Elig. Date David Dreslin, Drafting & Mapping Tech./Engineering 8/15/11 8/15/11 Mark Sharman, Cust. Ser. Acctg. Rep./Mar. & Aviation 4/30/11 8/29/11 * Angela Lapread, Cust. Ser. Rep./Customer Service 8/29/11 8/29/11 Kathryn McGrath, Pub. Util. Coordinator/Public Utilities 8/29/11 8/29/11 Jeffrey Gilliam, Public Services Tech. I/Public Services 8/29/11 8/29/11 Carlos Rosero, Public Services Tech. I/Public Services 8/29/11 8/29/11 Christopher Melton, Parks Service Tech. I/Pks. & Recr. 2/22/11 8/29/11 ** Patricia Neumann, Systems Analyst/Customer Service 8/29/11 8/29/11 Benjamin Sharp, Field Service Rep./Customer Service 9/12/11 9/12/11 Lauren Lopez, Customer Service Rep./Customer Service 9/12/11 9/12/11 William Carter, Recreation Leader/Parks & Recreation 9/12/11 9/12/11 Ron Nelson, WWT Plant Oper. A/Public Utilities 9/12/11 9/12/11 Feth Benbelgacem, SW Worker/Solid Waste-Gen. Ser. 5/3/11 9/12/11 *** Michael Birnbaum, SW Worker/Solid Waste-Gen. Ser. 4/12/11 9/12/11 ****Troy Tarver, SW Worker/Solid Waste-Gen. Ser. 9/12/11 9/12/11Franco Sanzo, Parking Enforcement Officer/Engineering 9/12/11 9/12/11 Joshua Burdo, SW Worker/Solid Waste-Gen. Ser. 5/23/11 9/12/11 ***** Thomas Edwards, Fleet Mechanic/Solid Waste-Gen. Ser. 9/12/11 9/12/11 Leander Phillips, SW Worker/Solid Waste-Gen. Ser. 9/12/11 9/12/11 *originally employed on 4/30/11 as part-time; promoted to full-time and pension eligible as of 8/29/11 **originally employed as temporary on 2/22/11; transferred to permanent and pension eligible as of 8/29/11 ***originally employed as temporary on 5/3/11; transferred to permanent and pension eligible as of 9/12/11 ****originally employed as temporary on 4/12/11; transferred to permanent and pension eligible as of 9/12/11 *****originally employed as temporary on 5/23/11; transferred to permanent and pension eligible as of 9/12/11 Review Approval: Cover Memo Item # 2 10/31/2011 Meeting Date: Pension Trustees Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the request of employee Donald Filmon, Public Services Department; Daniel Doyle, Solid Waste/General Services Department; and Stephan Hole, Police Department, for a regular pension as provided by Sections 2.397 and 2.398 of the Employees’ Pension Plan. SUMMARY: , was employed by the City on June 3, 1991, and Donald Filmon, Right of Way Maintenance Manager, Public Services Department his pension service credit is effective on that date. His pension will be effective October 1, 2011. Based on an average salary of approximately $59,492 per year over the past five years, the formula for computing regular pensions, and Mr. Filmon’s selection of the Joint & Survivor Annuity, this pension will approximate $33,252 annually. , was employed by the City on August Daniel Doyle, Solid Waste Equipment Operator, Solid Waste/General Services Department 3, 1987, and his pension service credit is effective on that date. His pension will be effective January 1, 2012. Based on an average salary of approximately $45,484 per year over the past five years, the formula for computing regular pensions, and Mr. Doyle’s selection of the 100% Joint & Survivor Annuity, this pension will approximate $29,879 annually. , was employed by the City on November 14, 1988, and his pension service credit is Stephan Hole, Police Officer, Police Department effective on that date. His pension will be effective October 1, 2011. Based on an average salary of approximately $77,926 per year over the past five years, the formula for computing regular pensions, and Mr. Hole’s selection of the Joint & Survivor Annuity, this pension will approximate $49,027 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 Officer as meeting the hazardous duty criteria. Mr. Filmon and Mr. Doyle qualify under the age 55 and 20 years of service criteria. Mr. Hole qualifies under the hazardous duty criteria. Review Approval: Cover Memo Item # 3 Attachment number 1 Page 1 of 14 Attachment number 1 Page 2 of 14 Attachment number 1 Page 3 of 14 Attachment number 1 Page 4 of 14 Attachment number 1 Page 5 of 14 Attachment number 1 Page 6 of 14 Attachment number 1 Page 7 of 14 Attachment number 1 Page 8 of 14 Attachment number 1 Page 9 of 14 Attachment number 1 Page 10 of 14 Attachment number 1 Page 11 of 14 Attachment number 1 Page 12 of 14 Attachment number 1 Page 13 of 14 Attachment number 1 Page 14 of 14