03/08/2012
PENSION ADVISORY COMMITTEEMEETING MINUTES
CITY OF CLEARWATER
March 8, 2012
Present: Chair Nathan Hightower, Vice-Chair Tom Jensen, Committee Member/Councilmember
Paul Gibson, Committee Member Brian De Witt, Committee Member/Councilmember Bill
Jonson, Committee Member Daniel Slaughter, Committee Member/Councilmember Doreen
Hock-DiPolito
Also present: Joe Roseto – Human Resources Director, Patricia O. Sullivan - Board Reporter
1. Call to Order
The Chair called the meeting to order at 9:03 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the February 9, 2012, Pension Advisory Committee meeting as
submitted in written summation.
Member De Witt moved to approve Item 2.1. The motion was duly seconded and carried
unanimously.
3. Employees to be Heard: None.
4. Review and Action on Employee Requests for Regular Pension
4.1 Recommend approval of the request of employee Michael Kaelin, Marine & Aviation
Department; Richard Albee, Planning & Development Department; James Rores,
Library Department; and James Jerkins, Gas Department, for a regular pension as
provided by Sections 2.397 and 2.398 of the Employees’ Pension Plan..
Michael Kaelin, Tradesworker, Marine & Aviation Department, was employed by the City
on June 5, 1986, and his pension service credit is effective on November 17, 1987. His
pension will be effective March 1, 2012. Based on an average salary of approximately
$47,042 per year over the past five years, the formula for computing regular pensions,
and Mr. Kaelin’s selection of the Joint & Survivor Annuity, this pension will approximate
$31,414 annually.
Richard Albee, Land Resources Specialist, Planning & Development Department, was
employed by the City on March 22, 1982, and his pension service credit is effective on
that date. His pension will be effective April 1, 2012. Based on an average salary of
approximately $55,394 per year over the past five years, the formula for computing
regular pensions, and Mr. Albee’s selection of the 100% Joint & Survivor Annuity, this
pension will approximate $44,792 annually.
James Rores, Library Assistant, Library Department, was employed by the City on
February 25, 1986, 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 $33,348
per year over the past five years, the formula for computing regular pensions, and Mr.
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Rores’ selection of the 10-year Certain & Life Annuity, this pension will approximate
$23,181 annually.
James Jerkins, Engineering Technician, Gas Department, was employed by the City on
March 9, 1987, and his pension service credit is effective on that date. His pension will
be effective April 1, 2012. Based on an average salary of approximately $44,693 per
year over the past five years, the formula for computing regular pensions, and Mr.
Jerkins’ selection of the 100% Joint & Survivor Annuity, this pension will approximate
$29,804 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.
Messrs. Kaelin, Rores, and Jerkins qualify under the age 55 and twenty years of service
criteria. Mr. Albee qualifies under the 30 years of service criteria.
Member Jensen moved to approve Item 4.1. The motion was duly seconded and
carried unanimously.
5. Review and Action on Employee Requests to Vest Pensions
5.1 Recommend approval of the request of employee Dennis Allen, Solid Waste/General
Services Department, to vest his pension as provided by Section 2.397 of the
Employees’ Pension Plan.
Dennis Allen, Licensed Electrician, Solid Waste/General Services Department,
was employed by the City on March 14, 1988, and began participating in the
Pension Plan on that date. Mr. Allen terminated from City employment on
October 4, 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. Allen would have completed at least 20 years of service and
reached age 55 on October 21, 2012. His pension will be effective November 1,
2012.
Member Jonson moved to approve Item 5.1. The motion was duly seconded and
carried unanimously.
6. Approval of New Hires as Plan Members:
6.1 Recommend approval of new hires for acceptance into the Pension Plan as listed.
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6.1 Recommend approval of new hires for acceptance into the Pension Plan as listed.
Hire Date Elig. Date
Jennifer Haynes, Accounting Technician/Engineering 01/30/12 01/30/12
James McQuoid, Field Service Representative/Customer Svc. 01/30/12 01/30/12
Connie Meade, Police Communications Operator/Police 10/17/12 01/17/12
Patricia Deeran, Customer Service Rep./Customer Service 01/17/12 01/17/12
Kyle Vaughan, Survey Assistant/Engineering 09/03/11 01/16/12
Kyle Vaughan originally was hired as part-time on September 3, 2011; promoted to full-
time and pension eligible as of January 16, 2012.
Member Jensen moved to approve Item 6.1. The motion was duly seconded and
carried unanimously.
7. Director's Reports
Human Resources Director Joe Roseto reported that the term of resident Member
Hightower expires this month.
Member Jonson moved to reappoint Nathan Hightower as the resident member of the
Pension Advisory Committee. The motion was duly seconded and carried unanimously.
Mr. Roseto said an election committee will be formed as terms of two employee
members expire in June.
8. Committee Members to be Heard:
Member Jensen reported that financial disclosure forms are due soon.
Member Jonson said he will attend the board attorney's annual conference.
9. Adjourn
The meeting adjourned at 9:08 a.m.
e Mr, 04.
Chair
Attest J/ Pensio Advisory Committee
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B•=rd Reporter
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