02/13/2006
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
February 13, 2006
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 1:19 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 – 01-17-06
Trustee Petersen moved to approve the minutes of the regular meeting of
January 17, 2006, as submitted in written summation by the City Clerk to each Trustee.
motioncarried
The was duly seconded and unanimously.
1. Accept the employees listed below 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:
Josh Riley, Rafael Gray, Paul Cooper, Burton Spissak, Catherine Dumlao, Mary Carroll,
John Garakop, Amber Meagher, Konrad Ciolko, Alex Deimling, Fernando Pangandoyon,
Jahayra Camara, Olatunji Okuboye, Travis Mouzon, and Thomas Brooks.
Trustee Doran moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
2. William Sheppard, Fire Department, and Edward Hunley, 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 William Sheppard and Edward Hunley be granted regular pensions under
Section(s) 2.393 and 2.397 of the Employees’ Pension Plan.
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William Sheppard, Firefighter/Driver Operator, Fire Department, was employed
by the City on August 28, 1978, and his pension service credit is effective on that date.
His pension will be effective March 1, 2006. Based on an average salary of
approximately $53,674 per year over the past five years, the formula for computing
regular pensions, and Mr. Sheppard’s selection of the 75% Joint & Survivor Annuity,
this pension will approximate $40,925 annually.
Edward Hunley, Police Sergeant, Police Department, was employed by the City
on January 21, 1985, and his pension service credit is effective on that date. His
pension will be effective March 1, 2006. Based on an average salary of approximately
$70,868 per year over the past five years, the formula for computing regular pensions,
and Mr. Hunley’s selection of the 100% Joint & Survivor Annuity, this pension will
approximate $38,550 annually.
These pensions were approved by the Pension Advisory Committee on January
12, 2006. Section 2.393 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 defines service as a Firefighter Driver/Operator and Police
Sergeant as meeting the hazardous duty criteria. Mr. Sheppard and Mr. Hunley qualify
under the hazardous duty criteria.
Trustee Hamilton moved to grant regular pensions for William Sheppard and
Edward Hunley under Sections 2.393 and 2.397 of the Employees’ Pension Plan, as
motion
approved by the Pension Advisory Committee. The was duly seconded and
carried
unanimously.
3. Michael Furlong, Systems Analyst, Information Technology Department, be
allowed to vest his pension under Section(s) 2.397 and 2.398 of the Employees’
Pension Plan as approved by the Pension Advisory Committee.
Michael Furlong, Systems Analyst, Information Technology Department, was
employed by the City on October 3, 1994, and began participating in the Pension Plan
on that date. Mr. Furlong terminated from City employment on January 13, 2006.
The Employees’ Pension Plan provides that should an employee cease to be an
employee of the City of Clearwater 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 2.393 (p) 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. Furlong would have completed at least 20 years of service and reached
age 55 on September 4, 2018. His pension will be effective October 1, 2018. This
pension was approved by the Pension Advisory Committee on January 12, 2006.
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Trustee Jonson moved that Michael Furlong be allowed to vest his pension
under Sections 2.397 and 2.398 of the Employees Pension Plan as approved by the
Pension Advisory Committee. The motion was duly seconded and carried
unanimously.
Other Business - None.
Adjourn
The meeting adjourned at 1 :20 p.m.
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Pension Trustees
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