Loading...
10/14/2013 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES CITY OF CLEARWATER October 14, 2013 Present: Chair/Trustee George N. Cretekos, Trustee Paul Gibson, Trustee Bill Jonson, 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, 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 1:38 p.m. at City Hall. It was stated that Trustee Doreen Hock-DiPolito was not present; she was attending the ACPT. 2. Approval of Minutes 2.1 Approve the minutes of the September 16, 2013 Pension Trustees meeting as submitted in written summation by the City Clerk. Trustee Bill Jonson moved to approve the minutes of the September 16, 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 Rufus Whiting, SW Equip Op, Solid Waste Dept 7/1/2013 7/1/2013 Carl Parsons, SW Equip Op, Solid Waste Dept 7/1/2013 7/1/2013 Pension Trustees 2013-10-14 1 Davan Milford, Electrician, Bldg and Maint Dept 7/01/2013 7/01/2013 Michael Helm, SW Equip Oper, Solid Waste Dept 7/01/2013 7/01/2013 Michael McGlockton, SW Worker, SW Dept 7/01/2013 7/01/2013 Harold Hanson, Meter Reader, Cust Svc Dept 7/22/2013 7/22/2013 Fred Gamble, Water Dist Op Trainee, Public Util Dept 7/29/2013 7/29/2013 Richard Ackerman, Water Dist Op Trainee, Pub Util Dept 7/29/2013 7/29/2013 Naylan Albritton, Solid Waste Worker, Solid Waste Dept 7/29/2013 7/29/2013 Tara Dillon, Customer Service Rep, Cust Svc Dept 8/12/2013 8/12/2013 Jessica Neveitt, Customer Service Rep, Cust Svc Dept 8/12/2013 8/12/2013 Gary Holmes, WW Treatment Plant Op, Pub Util Dept 8/12/2013 8/12/2013 Trustee Jay Polglaze 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 Frank Youmans, of the Parks and Recreation Department, for a regular pension as provided by Sections 2.416 and 2.424 of the Employees Pension Plan. Frank Youmans, Parks Streets and Sidewalks Technician II, Parks and Recreation Department, was employed by the City on November 5, 1985 and his pension service credit is effective on that date. His pension will be effective on November 1, 2013. Based on an average salary of approximately $45,544.01 over the past five years, the formula for computing regular pensions and Mr. Youmans' selection of 75% Joint and Survivor Annuity, this pension benefit will be approximately $29,386.68. 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 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. Mr. Youmans meets the non- hazardous duty criteria. Pension Trustees 2013-10-14 2 Trustee Paul Gibson moved to approve the request of employee Frank Youmans, of the Parks and Recreation Department, 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. 4.3 Approve the request of employee Richard Zeron of the Solid Waste/General Services Department to vest his pension as provided by Section 2.419 of the Employees Pension Plan. Richard Zeron, Solid Waste Technical Operator, Solid Waste/General Services Department, was employed by the City on October 25th, 1999 and began participating in the Pension Plan on that date. Mr. Zeron terminated from City employment on July 20, 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 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. Mr. Zeron will meet the non- hazardous duty criteria and begin collecting a pension in November 2019. Trustee Bill Jonson moved to approve the request of employee Richard Zeron of the Solid Waste/General Services Department to vest his pension as provided by Section 2.419 of the Employees Pension Plan. The motion was duly seconded and carried unanimously. 5. Other Business - None. Pension Trustees 2013-10-14 3 6. Adjourn The meeting was adjourned at 1:40 p.m. Attest taiia-- City Clerk —geoge nrte\eos Chair mployees' Pension Plan Trustees Pension Trustees 2013 -10 -14 4