02/13/2012 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
February 13, 2012
Present: Chair/Trustee George N. Cretekos, Trustee Paul Gibson, Trustee
Doreen Hock-DiPolito, Trustee Bill Jonson, and Trustee Jay E.
Polglaze.
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 George Cretekos
The meeting was called to order at 1:09 p.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the January 9, 2012 Pension Trustees meeting as
submitted in written summation by the City Clerk.
Trustee Bill Jonson moved to approve the minutes of the January 9, 2012 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 Elig. Date
Matthew Carter, Parks Service Technician [/Parks & Rec. 12/5/11 12/5/11
Antwan Williams, Parks Service Technician [/Parks & Rec. 12/5/11 12/5/11
Lynn Clark, Customer Service Rep./Customer Service 12/19/11 12/19/11
Stuart Miller, Electrician/Solid Waste-General Services 12/19/11 12/19/11
Deborah Humes, Customer Service Rep./Customer Service 12/19/11 12/19/11
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Trustee Paul Gibson 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 Robert Maran, Engineering Department;
Georgette Summarell, Police Department; and Vincent Carino, Fire Department,
for a regular pension as provided by Sections 2.397 and 2.398 of the Employees
Pension Plan.
Robert Maran, Engineering Specialist III, Engineering Department, was employed
by the City on November 19, 1973, and his pension service credit is effective on
October 9, 1984. His pension will be effective March 1, 2012. Based on an
average salary of approximately $73,634 per year over the past five years, the
formula for computing regular pensions, and Mr. Maran's selection of the 75%
Joint and Survivor Annuity, this pension will approximate $55,897 annually.
Georgette Summarell, Police Communications Operator, Police Department, was
employed by the City on December 1, 1976, and her pension service credit is
effective on March 23, 1992. Her pension will be effective April 1, 2012. Based on
an average salary of approximately $46,398 per year over the past five years, the
formula for computing regular pensions, and Ms. Summarell's selection of the
Joint and Survivor Annuity, this pension will approximate $25,519 annually.
Vincent Carino, Firefighter/Driver-Operator, Fire Department, was employed by
the City on February 14, 1977, 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 $61,129 per year over the past five years, the formula for
computing regular pensions, and Mr. Carino's selection of the 10-year Certain and
Life Annuity, this pension will approximate $63,747 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 Firefighter/Driver-
Operator as meeting the hazardous duty criteria. Mr. Maran and Ms. Summarell
qualify under the age 55 and twenty years of service criteria. Mr. Carino qualifies
under the hazardous duty criteria.
Council 2/13/2012 2
Trustee Bill Jonson moved to Approve the request of employee Robert Maran,
Engineering Department; Georgette Summarell, Police Department; and Vincent
Carino, Fire 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 Diana Atkinson, Solid Waste/General Services
Department, to vest her pension as provided by Section 2.397 of the Employees
Pension Plan.
Diana Atkinson, Accounting Clerk, Solid Waste/General Services Department,
was employed by the City on November 4, 1992, and began participating in the
Pension Plan on that date. Ms. Atkinson terminated from City employment on
December 8, 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. Ms. Atkinson would have completed at least 20 years of service
and reached age 55 on November 4, 2012. Her pension will be effective
December 1, 2012.
Trustee Paul Gibson moved to approve the request of employee Diana Atkinson, Solid
Waste/General Services Department, to vest her pension as provided by Section 2.397
of the Employees Pension Plan. The motion was duly seconded and carried
unanimously.
4. Other Business — None.
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5. Adjourn
The meeting was adjourned at 1:11 p.m.
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