07/15/2013 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
July 15, 2013
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, 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 2:05 p.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the June 18, 2013 Pension Trustees meeting as
submitted in written summation by the City Clerk.
Trustee Bill Jonson moved to approve the minutes of the June 18, 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 new hires for acceptance into the Pension Plan as listed.
Pension
Name, Job. Class, & Dept./Div. Hire Date Eliq. Date
Kristina Cook, Accounting Clerk, Finance Dept 05/06/2013 05/06/2013
Peter Chaplinsky, PS Tech I, Parks and Rec Dept 05/06/2013 05/06/2013
TaSheena Spearman, Eng Spec I,Eng/Stormwater Dept 5/13/2013 05/13/2013
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Andrew Hayslip, Planner II, Planning and Dev. Dept 05/18/2013 05/18/2013
Randy O'Kelley, Bldg Const Ins,Planning and Dev Dept 05/20/2013 05/20/2013
James Benwell, Drafting and Mapping Tech. Eng Dept 05/20/2013 05/20/2013
Trustee Doreen Hock-DiPolito moved to approve 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 employee Cindy Ready of the Finance Department to
vest her pension as provided by Section 2.419 of the Employees Pension Plan.
Cindy Ready, Accountant, Finance Department, was employed by the City on
September 9, 2002, and began participating in the Pension Plan on that date. Ms.
Ready will terminate from City employment on June 14, 2013.
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 for non-hazardous duty
employees hired prior to the effective date of this reinstatement (January 1, 2013),
a member shall be eligible for retirement following the earlier of the date on which
a participant has reached the age of 55 years and completed twenty years of
credited service; the date on which a participant has reached age sixty five (65)
years and completed ten years of credited service; or the date on which a
member has completed thirty years of service regardless of age. For non-
hazardous duty employees hired on or after the effective date of this restatement,
a member shall be eligible for retirement following the earlier of the date on which
a participant has reached the age of sixty years and completed twenty-five years
of credited service; or the date on which a participant has reached the age of
sixty-five years and completed ten years of credited service. Ms. Ready met the
non-hazardous duty criteria.
Trustee Jay Polglaze moved to approve the request of employee Cindy Ready of the
Finance Department to vest her pension as provided by Section 2.419 of the Employees
Pension Plan. The motion was duly seconded and carried unanimously.
4.3 Approve the request of the following employees Mark Sena, Police Department;
Norma Matthews, Parks and Recreation Department; Holly Ausanio, Library
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Department, and John Nuebel, Public Utilities for a regular pension as provided
by Sections 2.416 and 2.424 of the Employees Pension Plan.
Mark Sena, Police Officer, Police Department, was employed by the City on
August 15, 1988 and his pension service credit is effective on that date. His
pension will be effective July 1, 2013. Based on an average salary of
approximately $80,503.51 per year over the past five years, the formula for
computing regular pensions and Mr. Sena's selection of the 100% Joint and
Survivor, this pension will approximate $53,481.12 annually.
Norma Matthews, Accounting Technician, Parks and Recreation Department,
was employed by the City on September 21, 1992 and her pension service credit
is effective on that date. Her pension will be effective July 1, 2013. Based on an
average salary of approximately $36,469.29 per year over the past five years, the
formula for computing regular pensions and Ms. Matthews' selection of the Life
Annuity, this pension will approximate $23,421.12 annually.
Holly Ausanio, Administrative Assistant, Library Department, was employed by the
City on February 10, 1986 and her pension service credit is effective on that date.
Her pension will be effective July 1, 2013. Based on an average salary of
approximately $55,313.39 per year over the past five years, the formula for
computing regular pensions and Ms. Ausanio's selection of the Life Annuity, this
pension will approximate $45,452.88 annually.
John Nuebel, Wastewater Treatment Plant Operator A, Public Utilities, was
employed by the City on October 26, 1987 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 $75,519.59 per year over the past five years, the
formula for computing regular pensions and Mr. Nuebel's selection of the Joint
and Survivor Annuity, this pension will approximate $53,160.00 annually.
Stephanie Stefanelli, Parking Manager, Engineering Department, was employed
by the City on November 16, 1992 and her pension service credit is effective on
that date. Her pension will be effective August 1, 2013. Based on an average
salary of approximately $45,592.29 per year over the past five years, the formula
for computing regular pensions and Ms. Stefanelli's selection of the 10 Year
Certain and Life Annuity, this pension will approximate $22,903.68 annually.
Section 2.416 provides for normal retirement eligibility for non-hazardous duty
employees hired prior to the effective date of this reinstatement (January 1, 2013),
a member shall be eligible for retirement following the earlier of the date on which
a participant has reached the age of 55 years and completed twenty years of
credited service; the date on which a participant has reached age sixty five (65)
years and completed ten years of credited service; or the date on which a
Pension Trustee 2013-07-15 3
member has completed thirty years of service regardless of age. For non-
hazardous duty employees hired on or after the effective date of this restatement,
a member shall be eligible for retirement following the earlier of the date on which
a participant has reached the age of sixty years and completed twenty -five years
of credited service; or the date on which a participant has reached the age of
sixty -five years and completed ten years of credited service. Ms. Matthews, Ms.
Ausanio, Mr. Nuebel, and Ms. Stefanelli have met the non - hazardous duty criteria.
Section 2.416 provides for normal retirement eligibility for hazardous duty
employees, a member shall be eligible for retirement following the earlier of the
date on which the participant has completed twenty years of credited service
regardless of age, or the date on which the participant has reached fifty-five years
and completed ten years of credited service. Mr. Sena meets the hazardous duty
criteria.
Trustee Bill Jonson moved to approve the request of Mark Sena, Police Department;
Norma Matthews, Parks and Recreation Department; Holly Ausanio, Library
Department, and John Nuebel, Public Utilities for a regular pension as provided by
Sections 2.416 and 2.424 of the Employees Pension Plan. The motion was duly
seconded and carried unanimously.
5. Other Business - None.
6. Adjourn
The meeting adjourned at 2:06 p.m.
Attest
City Clerk
Chair
Employees' Pension Plan Trustees
Pension Trustee 2013 -07 -15 4