01/09/2012 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
January 9, 2012
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, and 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 Frank Hibbard
The meeting was called to order at 10:49 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the December 13, 2011 Pension Trustees meeting as
submitted in written summation by the City Clerk.
Trustee Bill Jonson moved to approve the minutes of the December 13, 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 into the Pension Plan as listed.
Pension
Name, Job. Class, & Dept./Div .. Hire Date Elie Date
Sari Shedd, Library Assistant/Library 10/25/10 11/5/11 *
Sean Bennett, Tradesworker/Solid Waste-Gen'l Services 11/21/11 11/21/11
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Kyle Cresi, Gas Technician UGas 11/21/11 11/21/11
Karl Haeussel, Gas Technician UGas 11/21/11 11/21/11
Jose Betancourt, Gas Technician UGas 11/21/11 11/21/11
Peter Ellmore, Custodial Worker/Marine & Aviation 10/25/08 11/21/11 **
Jeremy Harrison, Gas Technician UGas 11/21/11 11/21/11
William Maxwell, Senior Beach Lifeguard/Parks & Rec. 11/19/11 11/19/11
Jamie Greene, Gas Technician UGas 11/21/11 11/21/11
*originally hired 10/25/10 as permanent part-time; promoted to full-time and pension
eligible as of 11/5/11
**originally hired 10/25/08 as permanent part-time; transferred to full-time and pension
eligible as of 11/21/11
Trustee John Doran moved to approve the new hires for acceptance into the Pension
Plan as listed. The motion was duly seconded and carried unanimously.
3.2 Approve the request of employee Manuel Pandelos, Gas Department, and Alan
Ruud, Planning and Development Department, for a regular pension as provided
by Sections 2.397 and 2.398 of the Employees Pension Plan.
Manuel Pandelos, Gas Specialist, Gas Department, was employed by the City on
February 17, 1981, and his pension service credit is effective on that date. His
pension will be effective March 1, 2012. Based on an average salary of
approximately $58,039 per year over the past five years, the formula for
computing regular pensions, and Mr. Pandelos' selection of the 100% Joint &
Survivor Annuity, this pension will approximate $47,959 annually.
Alan Ruud, Code Enforcement Inspector, Planning & Development Department,
was employed by the City on August 26, 1996, and his pension service credit is
effective on September 23, 1996. His pension will be effective February 1, 2012.
Based on an average salary of approximately $46,780 per year over the past five
years, the formula for computing regular pensions, and Mr. Ruud's selection of the
100% Joint & Survivor Annuity, this pension will approximate $19,088 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. Pandelos qualifies under the 30 years of service criteria.
Mr. Ruud qualifies under the age 65 and 10 years of service criteria.
Trustee George N. Cretekos moved to approve the request of employee Manuel
Pandelos, Gas Department, and Alan Ruud, Planning and Development Department,
Pension Trustees 2012-01-09 2
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 unanimsously.
4. Other Business — None.
5. Adjourn
The meeting was adjourned at 10:50 a.m.
Chair
Attest Employee's Pension Plan Trustees
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