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03/18/2013 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES CITY OF CLEARWATER March 18, 2013 Present: Chair/Trustee George N. Cretekos, 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 listed 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 1:28 p.m. at City Hall. 2. Approval of Minutes 2.1 Approve the minutes of the February 19, 2013 Pension Trustees meeting as submitted in written summation by the City Clerk. Trustee Bill Jonson moved to approve the minutes of the February 19, 2013 Pension Trustees meeting as submitted in written summation by the City Clerk. The motion was duly seconded and carried unanimously. 3. Citizens to be Heard re Items Not on the Agenda - None. 4. Pension Trustee Items 4.1 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 Brian Meade, Fleet Mechanic, General Services Department 12/31/12 12/31/12 Vicki Hendrix, Parking Enforcement Spec., Parking Sys Dept 12/31/12 12/31/12 Justin Fletcher, Solid Waste Worker, Solid Waste Dept 12/31/12 12/31/12 Robert Burnett, Utilities Mechanic, Public Utilities Dept 12/31/12 12/31/12 Pension Trustees 2013-03-18 1 Glenn Ferris, Park Service Tech I, Parks and Rec Dept 12/31/12 12/31/12 Tricia Terry, Library Assistant, Library Department 12/31/12 12/31/12 Daniel Gardner, Gas Technician I, Gas Department 12/31/12 12/31/12 Belinda Darcy, Police Social Service Specialist, Police Dept 12/31/12 12/31/12 Jon Bolger, Gas Technician I, Gas Department 12/31/12 12/31/12 Cameron Darby, Gas Technician I, Gas Dept 12/31/12 12/31/12 Samantha Favire, Library Assistant, Library Department 01/12/13 01/12/13 Amanda Bearkland, Parks Service Tech I, Parks and Rec Dept 01/14/13 01/14/13 Brian Lennon, Parks Service Tech I, Parks and Rec Dept 01/14/13 01/14/13 David Pirages, Police Comm Op Trainee, Police Dept 01/14/13 01/14/13 Jerome Budde, Police Comm Op Trainee, Police Dept 01/14/13 01/14/13 Christin Brash Paquette, Police Comm Op Trainee, Police Dept 01/14/13 01/14/13 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. 4.2 Approve the request of employees Don March, Fire Department; Robert Going, Fire Department; and John Pickart, Police Department for a regular pension as Provided by Sections 2.415 and 2.424 of the Employees' Pension Plan. Don March, Fire Lieutenant, Fire Department, was employed by the City on November 24, 1986, 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 $80,539.52 per year over the past five years, the formula for computing regular pensions, and Mr. March's selection of the 75% Joint and Survivor Annuity, this pension will approximate $57,998.04 annually. Robert Going, Fire Lieutenant, Fire Department, was employed by the City on June 29, 1987 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 $64,807.40 per year over the past five years, the formula for computing regular pensions, and Mr. Going's selection of the 100% Joint and Survivor Annuity, this pension will approximate $44,608.32 annually. John Pickart, Police Officer, Police Department, was employed by the City on August 10, 1992 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 $76,807.95 per year over the past five years, the formula for computing regular pensions, and Mr. Pickart's selection of the 100% Joint and Survivor Annuity, this pension will approximate $43,370.88 annually. Pension Trustees 2013-03-18 2 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 hazardous duty. Mr. March, Mr. Going and Mr. Pickart qualify under the hazardous duty criteria. Trustee Jay Polglaze moved to approve the request of employees Don March, Fire Department; Robert Going, Fire Department; and John Pickart, Police Department for a regular pension as provided by Sections 2.415 and 2.424 of the Employees' Pension Plan. The motion was duly seconded and carried unanimously. 4.3 Approve the request of employee Robert Scott Sullivan of the Planning Department to vest his pension as provided by Section 2.419 of the Employees Pension Plan. Robert Scott Sullivan, Land Resource Specialist, Planning Department, was employed by the City on July 29, 1991, and began participating in the Pension Plan on that date. Mr. Sullivan terminated from City employment on December 14, 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 2.416 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. Sullivan would have completed at least 20 years of service and will reach age 55 on April 12, 2019. Trustee Paul Gibson moved to approve the request of employee Robert Scott Sullivan of the Planning Department to vest his pension as provided by Section 2.419 of the Employees' Pension Plan. The motion was duly seconded and carried unanimously. Pension Trustees 2013-03-18 3 5. Other Business - None. 6. Adjourn The meeting adjourned at 1:30 p.m. Attest agij City Clerk 001 A C'i O$ Chair Employees' Pension Plan Trustees Pension Trustees 2013 -03 -18 4