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10/15/2012 TRUSTEES OF THE EMPLOYEES’ PENSION FUND MEETING MINUTES CITY OF CLEARWATER October 15, 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, and Rosemarie Call - City Clerk. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. 1. Call to Order – Chair George N. Cretekos The meeting was called to order at 1:45 p.m. at City Hall. 2. Approval of Minutes 2.1 Approve the minutes of the September 18, 2012 Pension Trustees meeting as submitted in written summation by the City Clerk. Trustee Bill Jonson moved to approve the minutes of the September 18, 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 request of the new hires for acceptance into the pension plan as listed. Pension Name, Job. Class, and Dept./Div . Hire Date Elig. Date Raymond Hill, Field Service Rep, Customer Service 07/30/2012 07/30/2012 Steven Pierucci, Solid Waste Equip Oper, Solid Waste 07/30/2012 07/30/2012 Ben Brubaker, Rec Leader, Parks and Recreation 07/30/2012 07/30/2012 Jermaine Floyd, Solid Waste Equip Oper, Solid Waste 07/30/2012 07/30/2012 Terrell Smith, Solid Waste Equip Oper, Solid Waste 07/30/2012 07/30/2012 Ronald Gemsheim, Asst Chief Health Safety, Fire Dept 08/13/2012 08/13/2012 Ronald Neuberger, Fire Inspector II, Fire Department 08/13/2012 08/13/2012 Sandra McFarlin, Acct Clerk, General Services Dept 08/13/2012 08/13/2012 Pension Trustees 2012-10-15 1 Christopher Fischer, Survey Assistant, Engineering Dept 08/13/2012 08/13/2012 Jacques Dixon, Parks Sts and Sidewlks, P and R Dept 08/13/2012 08/13/2012 Sheryl Crutchfield, Rec Sup I, Parks and Rec Dept 08/13/2012 08/13/2012 James Herberson, SW Equip Oper, Solid Waste Dept 08/13/2012 08/13/2012 Alexander Swatzell, SW Worker, Solid Waste Dept 08/13/2012 08/13/2012 Peter Szinger, SW Equip Operator, Solid Waste Dept 08/13/2012 08/13/2012 Trustee Doreen Hock-DiPolito moved to approve the request of 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 employees Cecil Rhodes of the Library/Central Services Department and Frederick Broda of the Engineering/Parking System Department for a regular pension as provided by Sections 2.397 and 2.398 of the Employees Pension Plan. Cecil Rhodes, Library Assistant, Library/Central Services Department, was employed by the City on August 5, 1982, and her pension service credit is effective on that date. Her pension will be effective September 1, 2012. Based on an average salary of approximately $33,354.75 per year over the past five years, the formula for computing regular pensions, and Ms. Rhodes’ selection of the 100% Joint and Survivor Annuity, this pension will approximate $27,566.04 annually. Frederick Broda, Parking Technician, Engineering/Parking System Department, was employed by the City on October 7, 2002, and his pension service credit is effective on that date. His pension will be effective November 1, 2012. Based on an average salary of approximately $30,343.82 per year over the past five years, the formula for computing regular pension and Mr. Broda’s selection of the 75% Joint and Survivor Annuity, this pension will approximate $8,356.08 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. Ms. Rhodes qualifies under the thirty years of service criteria and Mr. Broda qualifies under the age 65 and 10 years of service criteria. Trustee Jay Polglaze moved toapprove the request of employees Cecil Rhodes of the Library/Central Services Department and Frederick Broda of the Engineering/Parking System 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. Pension Trustees 2012-10-15 2 3.3 Approve the request of employee Walter Miksza of the Gas Systems Department; Roberto Felici of the Police Department; Harry Maisel III of the Police Department; and Douglas Swartz of the Fire Department to vest their pension as provided by Section 2.397 of the Employees Pension Plan. Walter Miksza, Gas Specialist, Gas Systems Department, was employed by the City on September 14, 1987, and began participating in the Pension Plan on that date. Mr. Miksza terminated from City employment on December 28, 2012. Roberto Felici, Police Sergeant, Police Department, was employed by the City on March 7, 1994, and began participating in the Pension Plan on that date. Mr. Felici terminated from City employment on August 16, 2012. Harry Maisel III, Police Communication Operator, Police Department, was employed by the City on March 31, 1986, and began participating in the Pension Plan on that date. Mr. Maisel terminated from City employment on August 7, 2012. Douglas Swartz, Fire Assistant Chief, Fire Department, was employed by the City on September 24, 2001, and began participating in the Pension Plan on that date. Mr. Swartz terminated from City employment on September 7, 2012. 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. Miksza would have completed at least 20 years of service and will reach age 55 on June 12, 2013. His pension will be effective July 1, 2013. Mr. Maisel III would have completed at least 20 years of service and will reach age 55 on March 28, 2016. His pension will be effective April 1, 2016. Section 2.397 also provides for normal retirement eligibility when a participant has completed twenty years of credited service in a type of employment described as Pension Trustees 2012-10-15 3 hazardous duty and further specifically defines service as a Police Officer as meeting the hazardous duty criteria. Mr. Felici would have completed at least 20 years of service on March 7, 2014. His pension will be effective April 1, 2014. Mr. Swartz would have completed at least 20 years of service on September 24, 2021. His pension will be effective October 1, 2021. Trustee Paul Gibson moved to approve the request of employee Walter Miksza of the Gas Systems Department; Roberto Felici of the Police Department; Harry Maisel Ill of the Police Department; and Douglas Swartz of the Fire Department to vest their pension as provided by Section 2.397 of the Employees Pension Plan. The motion was duly seconded and carried unanimously. 4. Other Business — None. 5. Adiourn The meeting was adjourned at 1:46 p.m. Chair Attest � Employees' Pension Plan Trustees ny. City Clerk Vii ��■ te CIS Pension Trustees 2012-10-15 4