04/11/2013
PENSION ADVISORY COMMITTEE MEETING MINUTES
CITY OF CLEARWATER
April 11, 2013
Present: Vice-Chair Tom Jensen, Committee Member/Councilmember Paul Gibson,
Committee Member Brian De Witt, Committee Member/Councilmember Bill Jonson, and
Committee Member Daniel Slaughter
Absent: Chair Nathan Hightower and Committee Member/Councilmember Doreen
Hock-DiPolito
Also present: Allen Del Prete – Human Resources Manager, Patricia O. Sullivan - Board
Reporter
1. Call to Order
The Vice-Chair called the meeting to order at 9:00 a.m.
2. Approval of Minutes
2.1 Approve minutes of March 14, 2013, Pension Advisory Committee meeting as
submitted in written summation.
Member Gibson 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 following request of employees Martyn H. Baker,
General Services/ Fleet Maintenance Department; Leland Bryant, Public Utilities
Department; Mark Tranter, Gas Systems Department; and Jeffrey Voss,
Planning and Development Department for a regular pension as provided by
Sections 2.416 and 2.424 of the Employees Pension Plan.
Martyn H. Baker, Mechanic Fabricator, General Services/Fleet Maintenance
Department, was employed by the City on May 17, 1993 and his pension service
credit is effective on that date. His pension will be effective June 1, 2013. Based
on an average salary of approximately $61,775.34 per year over the past five
years, the formula for computing regular pensions and Mr. Baker’s selection of
the Life Annuity, this pension will approximate $34,042.56 annually.
Leland Bryant, Water Distribution Supervisor I, Public Utilities Department, was
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employed by the City on November 24, 1986 and his pension service credit is
effective on that date. His pension will be effective June 1, 2013. Based on an
average salary of approximately $57,963.39 per year over the past five years,
the formula for computing regular pensions and Mr. Bryant’s selection of the
50% Joint and Survivor Annuity, this pension will approximate $38,232.72
annually.
Mark Tranter, Gas Supervisor, Gas Systems Department, was employed by the
City on May 9, 1983 and his pension service credit is effective on that date. His
pension will be effective June 1, 2013. Based on an average salary of
approximately $66,107.24 per year over the past five years, the formula for
computing regular pensions and Mr. Tranter’s selection of the 50% Joint and
Survivor Annuity, this pension will approximate $51,671.76 annually.
Jeffrey Voss, Building Construction Inspector, Planning and Development
Department, was employed by the City on May 31, 1988 and his pension service
credit is effective on that date. His pension will be effective June 1, 2013.
Based on an average salary of approximately $59,175.24 per year over the past
five years, the formula for computing regular pensions and Mr. Voss’ selection of
the Life Annuity, this pension will approximate $36,614.64 annually.
Section 2.416 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
“non-hazardous duty.” Messrs. Baker, Bryant, Tranter and Voss qualify under
the non-hazardous duty criteria.
Member De Witt moved to approve Item 4.1. The motion was duly seconded and
carried unanimously.
5. Approval of New Hires as Plan Members:
5.1 Recommend approval of the new hires for acceptance into the pension plan as
listed.
Pension
Name, Job. Class, & Dept./Div Hire Date Elig. Date
Wayne Nelson, Public Utilities Asst Tech, Public Utilities 03/11/2013 03/11/2013
Matthew Woloschek, Sr. Systems Programmer, IT Dept 03/11/2013 03/11/2013
Daniel O’Malley, Building Inspector Tech, Planning Dept 03/25/2013 03/25/2013
Peter Tanner, Sr. Systems Programmer, IT Dept 03/25/2013 03/25/2013
Clyde Walls, Solid Waste Equip Oper, Solid Waste Dept 03/25/2013 03/25/2013
Brian Stees, Solid Waste Equip Oper, Solid Waste Dept 03/25/2013 03/25/2013
Ariel Banacki, CS Account Rep, Customer Service Dept 03/25/2013 03/25/2013
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Member Gibson moved to approve Item 5.1. The motion was duly seconded and
carried unanimously.
6. Director's Reports
Human Resources Manager Allen Del Prete said an updated policy manual for the
committee will be presented at the next meeting for review and adoption.
7. Committee Members to be Heard
In response to questions, Finance Director Jay Ravins addressed the Actuary Report,
discussing actuarial losses related to the fund's performance in 2008 and assumptions
that resulted in a reduction to this year's required plan contribution by the City. He will
forward copies of the report to committee members.
8. Adjourn
The meeting adjourned at 9:08 a.m. /
Chair
Attest Pension Advisory .mmittee
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:oard Report:
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