12/13/2012
PENSION ADVISORY COMMITTEE MEETING MINUTES
CITY OF CLEARWATER
December 13, 2012
Present: Chair Nathan Hightower, Vice-Chair Tom Jensen, Committee Member/
Councilmember Paul Gibson, Committee Member Brian De Witt, Committee Member
Daniel Slaughter, and Committee Member/Councilmember Doreen Hock-DiPolito
Absent: Committee Member/Councilmember Bill Jonson
Also present: Joe Roseto – Human Resources Director, Patricia O. Sullivan - Board
Reporter
1. Call to Order
The Chair called the meeting to order at 9:04 a.m.
2. Approval of Minutes
2.1 Approve the minutes of the November 8, 2012 Pension Advisory Committee
meeting as submitted in written summation.
Member DeWitt 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 requests of employees Robert Kimball of the
General Services Department, James Lightfoot of the Parks and Recreation
Department, Louis A. Corona II of the Police Department, Charles Williamson of
the General Services Department, and Faye Wilkinson of the Police Department
for a regular pension as provided by Sections 2.397 and 2.398 of the Employees
Pension Plan.
Robert Kimball, Fleet Mechanic, Solid Waste/General Services Department, was
employed by the City on October 27, 1980, and his pension service credit is
effective on that date. His pension will be effective January 1, 2013. Based on
an average salary of approximately $58,229.31 per year over the past five years,
the formula for computing regular pensions, and Mr. Kimball’s selection of the
Joint and Survivor Annuity, this pension will approximate $51,633.24 annually.
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James Lightfoot, Recreation Programmer, Parks and Recreation Department,
was employed by the City on September 8, 1979, and his pension service credit
is effective on that date. His pension will be effective February 1, 2013. Based
on an average salary of approximately $43,569.96 per year over the past five
years, the formula for computing regular pensions, and Mr. Lightfoot’s selection
of the 50% Joint and Survivor Annuity, this pension will approximate $39,160.20
annually.
Louis A. Corona II, Police Social Services Specialist, Police Department, was
employed by the City on November 30, 1992, and his pension service credit is
effective on that date. His pension will be effective January 1, 2013. Based on
an average salary of approximately $ 52,787.99 per year over the past five
years, the formula for computing regular pensions, and Mr. Corona’s selection of
the 100% Joint and Survivor Annuity, this pension will approximate $28,720.56
annually.
Charles Williamson, Licensed Electrician, General Services Department, was
employed by the City on December 12, 1983, and his pension service credit is
effective on that date. His pension will be effective December 1, 2012. Based
on an average salary of approximately $55,287.46 per year over the past five
years, the formula for computing regular pensions, and Mr. Williamson’s
selection of the 100% Joint and Survivor Annuity, this pension will approximate
$43,145.52 annually.
Faye Wilkinson, Police Officer, Police Department, was employed by the City on
November 7, 1988, and her pension service credit is effective on that date. Her
pension will be effective December 1, 2012. Based on an average salary of
approximately $73,873.26 per year over the past five years, the formula for
computing regular pensions, and Ms. Wilkinson’s selection of the Life Annuity,
this pension will approximate $49,152.48 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. Corona and Mr. Williamson qualify under the age 55 and
twenty years of service criteria. Mr. Kimball and Mr. Lightfoot qualify under the
thirty years of service criteria.
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 Major, Police Sergeant,
and Police Lieutenant as meeting the hazardous duty criteria. Ms. Wilkinson
Pension Advisory 12/13/2012 2
qualifies under the hazardous duty criteria.
Member Jensen moved to recommend approval of 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 requests of employees Scott Yates of the
Information Technology Department and Donna Matheson of the General
Services/Solid Waste Department to vest their pension as provided by Section
2.397 of the Employees Pension Plan.
Donna Matheson, Staff Assistant, Solid Waste/General Services Department,
was employed by the City on November 8, 2001, and began participating in the
Pension Plan on that date. Ms. Matheson terminated from City employment on
October 31, 2012.
Scott Yates, Senior Systems Programmer, Information Technology Department,
was employed by the City on August 17, 1998, and began participating in the
Pension Plan on that date. Mr. Yates terminated from City employment on
November 9, 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. Ms. Matheson would have completed at least 20 years of
service and will reach age 55 on November 8, 2021. Her pension will be
effective December 1, 2021. Mr. Yates would have completed at least 20 years
of service and will reach age 55 on November 13, 2018. His pension will be
effective December 1, 2018.
Member Jensen moved to recommend approval of 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
Pension Advisory 12/13/2012 3
listed.
Name, Job. Class, & Dept./Div. Hire Date Elig. Date
Brandon Dragustine, Service Dispatcher, Gas Department 11/03/12 11/03/12
Emery Rumsey, Fleet Mechanic, General Services Dept. 11/05/12 11/05/12
Sean Deeran, Field Service Rep, Customer Service Dept. 11/13/12 11/13/12
Katrina Ragan, Library Assistant, Library Department 11/17/12 11/17/12
Zorana Kojic, Industrial Pretreatment Tech, Public Utilities 11/19/12 11/19/12
Member Jensen moved to recommend approval of Item 5.1. The motion was duly
seconded and carried unanimously.
7. Director's Reports
Human Resources Director Joe Roseto said several disability claims are being
processed. The plan actuary will present the assumption study at the December 17,
2012, Pension Trustees meeting.
8. Commitee Members to be Heard
Member Jensen reported online registration is open for the Klausner and Kaufman
Annual Client Conference on March 10 — 13, 2013 in Ft. Lauderdale. Mr. Roseto said
travel money is budgeted for member attendance at this training event.
Members wished all Happy Holidays.
9. Adjourn
The meeting adjourned at 9:09 a.m. �
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Chair
Attest Pension Advisory ommittee
hoard Rep -"r
Pension Advisory 12/13/2012 4