03/13/2006
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
March 13, 2006
Present: Frank Hibbard Chair
William C. Jonson Vice-Chair/Trustee
Hoyt Hamilton Trustee
Carlen Petersen Trustee
John Doran Trustee
Also Present: William B. Horne, II City Manage
Garry Brumback Assistant City Manager
Pamela K. Akin City Attorney
Cynthia E. Goudeau City Clerk
Patricia O. Sullivan Board Reporter
The Chair called the meeting to order at 1:10 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
Trustee Jonson moved to approve the minutes of the February 13, 2006 meeting, as
motion
recorded and submitted in written summation by the City Clerk to each Trustee. The
carried
was duly seconded and unanimously.
Pension Trustee Items
1. Accept the employees listed below into membership in the City of Clearwater's Employees'
Pension Plan: Paul Roskey, Robert Armen, Cheryl McDuffie, Justin Boyle, Robert Maue,
Richard Eisenstein, Jerry Dunner, Dustin Ford, Clyde Brown, Christopher DeFayette,
Christopher Pranschne, Michael Morea, Andrew Zdzierak, Michael Spitaleri, Stewart Phillips,
Daniel Loder, Jonathan Cappa, Mark Snurr.
Trustee Petersen moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
Pension Trustees 2006-03-13
1
2. William Farias, Police Department; John W. Long, Jr., Police Department; Joe C. Taylor,
Fire Department; and Charles E. McAbee, Public Services 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.
William Farias, Police Officer, Police Department, was employed by the City on August
12, 1985, and his pension service credit is effective on that date. His pension will be effective
February 1, 2006. Based on an average salary of approximately $57,947 per year over the
past five years, the formula for computing regular pensions, and Mr. Farias’ selection of the
Joint & Survivor Annuity, this pension will approximate $32,539 annually.
John W. Long, Jr., Police Officer, Police Department, was employed by the City on
January 7, 1985, and his pension service credit is effective on that date. His pension will be
effective August 1, 2006. Based on an average salary of approximately $61,280 per year over
the past five years, the formula for computing regular pensions, and Mr. Long’s selection of the
100% Joint & Survivor Annuity, this pension will approximate $34,912 annually.
Joe C. Taylor, Firefighter Driver/Operator, Fire Department, was employed by the City
on January 10, 1983, and his pension service credit is effective on that date. His pension will
be effective February 1, 2006. Based on an average salary of approximately $56,326 per year
over the past five years, the formula for computing regular pensions, and Mr. Taylor’s selection
of the Life Annuity, this pension will approximate $36,539 annually.
Charles E. McAbee, Public Services Supervisor II, Public Services Department, was
employed by the City on July 28, 1975, and his pension service credit is effective on January
28, 1976. His pension will be effective March 1, 2006. Based on an average salary of
approximately $47,779 per year over the past five years, the formula for computing regular
pensions, and Mr. McAbee’s selection of the 50% Joint & Survivor Annuity, this pension will
approximate $37,4334 annually.
These pensions were approved by the Pension Advisory Committee on February 9,
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 Police Officer and Firefighter Driver/Operator as meeting
the hazardous duty criteria. Section 2.393 (p) also 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. Messrs. Farias, Long, and Taylor qualify under the hazardous duty criteria.
Mr. McAbee qualifies under both the age 55 and 20 years of service and 30 years of service
criteria.
Trustee Doran moved that William Farias, Police Department; John W. Long, Jr., Police
Department; Joe C. Taylor, Fire Department; and Charles E. McAbee, Public Services
Department, be granted regular pensions under Section(s) 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 2006-03-13
2
. Other Business: None.
Adiourn
.
.
The meeting adjourned at 1 :11 p.m.
AtlC: . f
Ci~~
-t---e/#M
G!Jjrl'r
Employee's Pension Plan Trustees
Aq,Oo~_
" ~
Pension Trustees 2006-03-13
3