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12/12/2005 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES CITY OF CLEARWATER December 12, 2005 Present: Frank V. Hibbard Chair William C. Jonson Trustee Hoyt Hamilton Trustee Carlen A. Petersen Trustee John Doran Trustee Also Present: William B. Horne, II City Manager Garry Brumback Assistant City Manager Rod Irwin Assistant City Manager Pamela K. Akin City Attorney Cynthia Goudeau City Clerk Brenda Moses Board Reporter The Chair called the meeting to order at 1:37 p.m. at City Hall. To provide continuity for research, items are in agenda order although not necessarily discussed in that order. Approval of Minutes: 11-14-05 Trustee Jonson moved to approve the minutes of the regular meeting of November 14, 2005, as submitted in written summation by the City Clerk to each motioncarried Trustee. The was duly seconded and unanimously. 1. Accept the employees listed into membership in the City of Clearwater's Employees' Pension Plan. Human Resources Director Joe Roseto presented the recommendation of the Pension Advisory Committee that the following employees be accepted into membership: Julia Babcock, Planner I/Planning, Perteio Arizala DeGuzman, Solid Waste Worker/Solid Waste, Timothy McVey, Solid Waste Worker/Solid Waste, Sean Flynn, Fire Medic/Fire James Boise, Tradesworker/Parks & Recreation, Christopher Malone, Survey Assistant I/Engineering, John Warner, Customer Service Representative/Development & Neighborhood Service Lisa Kothe, Librarian I/Library, David Ruch, Parks Service Technician I/Parks & Recreation, and Joseph Bolle, Parks Service Technician I/Parks & Recreation. Trustee Petersen moved to accept the recommendation of the Pension Advisory motioncarried Committee. The was duly seconded and unanimously. Pension Trustees 2005-12-12 1 2. Edgar McAffee, Public Services; Leroy Robinson, Jr., Public Utilities Department; and Simon Reina, Police Department, be granted regular pensions under Section(s) 2.393 and 2.397 of the Employees’ Pension Plan as approved by the Pension Advisory Committee. Mr. Roseto presented the recommendation of the Pension Advisory Committee that Edward McAffee, Leroy D. Robinson, Jr., and Simon Reina be granted regular pensions under Sections 2.393 and 2.397 of the Employees' Pension Plan. Edgar McAffee, Public Services Technician II, Public Services Department, was employed by the City on June 16, 1975, and his pension service credit is effective on December 19, 1975. His pension will be effective January 1, 2006. Based on an average salary of approximately $35,683 per year over the past five years, the formula for computing regular pensions, and Mr. McAffee’s selection of the Joint & Survivor Annuity, this pension will approximate $29,438 annually. Leroy D. Robinson, Jr., Public Utilities Technician II, Public Utilities Department, was employed by the City on December 9, 1985, and his pension service credit is effective on that date. His pension will be effective January 1, 2006. Based on an average salary of approximately $37,689 per year over the past five years, the formula for computing regular pensions, and Mr. Robinson’s selection of the Joint & Survivor Annuity, this pension will approximate $20,790 annually. Simon Reina, Police Officer, Police Department, was employed by the City on October 24, 1983, and his pension service credit is effective on that date. His pension will be effective January 1, 2006. Based on an average salary of approximately $58,696 per year over the past five years, the formula for computing regular pensions, and Mr. Reina’s selection of the 100% Joint & Survivor Annuity, this pension will approximate $35,123 annually. These pensions were approved by the Pension Advisory Committee on November 10, 2005. Section 2.393 (p) provides for normal retirement eligibility when a participant has reached age 55 and completed twenty years of credited service, has completed thirty years of credited service, or has reached age 65 and completed ten years of credited service. Section 2.393(p) also provides for normal retirement eligibility when a participant has completed twenty years of credited service in a type of employment described as “hazardous duty” and further specifically defines service as a Police Sergeant as meeting the hazardous duty criteria. Trustee Doran moved to grant regular pensions for Edward McAffee, Leroy D. Robinson, Jr., and Simon Reina under Sections 2.393 and 2.397 of the Employees’ motion Pension Plan, as approved by the Pension Advisory Committee. The was duly carried seconded and unanimously. Pension Trustees 2005-12-12 2 . . . Other Business - None. Adiourn The meeting adjourned at 1 :38 p.m. ~ } ~2. }t~. ~or>. City rk Pension Trustees 2005-12-12 1---e K~ cnair, Pension Trustees 3