01/17/2006
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
January 17, 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 9:42 a.m. at City Hall.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
Approval of Minutes - 12-12-2005
Trustee Hamilton moved to approve the minutes of the regular meeting of
December 12, 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 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: Mark Parisi, Police Communications Operator Trainee/Police, James
Perz, Police Cadet/Police, Christopher Trauner, Field Service Rep./Customer Service,
Terri Rowland, Staff Assistant/Parks & Recreation, Michael Minutolo,
Tradesworker/General Services, Randall Bingham, Firefighter/Fire, Banks Colton,
Firefighter/Fire, Philip Gordon, Firefighter/Fire, Christopher Hannigan, Firefighter/Fire,
Robert Hansen, Firefighter/Fire, Bradley Keating, Firefighter/Fire, Thomas Knobl,
Firefighter/Fire, Steven Lannon, Firefighter/Fire, Shawn Lawrentz, Firefighter/Fire,
Christopher Van Opdorp, Firefighter/Fire, Mauricio Perdigon, Firefighter/Fire, Timothy
Smith, Firefighter/Fire, Vincent Supernor, Firefighter/Fire, Jason Thibault,
Firefighter/Fire, and Robert Gundrum, Container Maintenance Worker/Solid Waste.
Trustee Jonson moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
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2. Eric Fetrow, Fire Department; Edward Bossom, Fire Department; Freddie Dixon,
Parks & Recreation Department; Terry Finch, Engineering Department; Paul Cheney,
Engineering Department; and Offie Cobb, Solid Waste 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 Eric Fetrow, Edward Bossom, Freddie Dixon, Terry Finch, Paul Cheney, and Offie
Cobb be granted regular pensions under Section(s) 2.393 and 2.397 of the Employees’
Pension Plan.
Teresa Finch, Environmental Manager, Engineering Department, was employed
by the City on November 19, 1984, and her pension service credit is effective on that
date. Her pension will be effective December 1, 2005. Based on an average salary of
approximately $65,658 per year over the past five years, the formula for computing
regular pensions, and Ms. Finch’s selection of the Joint & Survivor Annuity, this pension
will approximate $37,962 annually.
Paul Cheney, Survey Party Chief, Engineering Department, was employed by
the City on September 5, 1978, and his pension service credit is effective on that date.
His pension will be effective December 1, 2005. Based on an average salary of
approximately $43,586 per year over the past five years, the formula for computing
regular pensions, and Mr. Cheney’s selection of the Joint & Survivor Annuity, this
pension will approximate $32,579 annually.
Freddie Dixon, Recreation Programmer, Parks & Recreation Department, was
employed by the City on February 25, 1970, and his pension service credit is effective
on June 3, 1978. His pension will be effective December 1, 2005. Based on an
average salary of approximately $38,815 per year over the past five years, the formula
for computing regular pensions, and Mr. Dixon’s selection of the 10-year Certain and
Life Annuity, this pension will approximate $31,625 annually.
Offie Cobb, Solid Waste Equipment Operator, Solid Waste Department, was
employed by the City on January 2, 1979, and his pension service credit is effective on
that date. His pension will be effective January 2, 2006.
Trustee Petersen moved to grant regular pensions for Eric Fetrow, Edward
Bossom, Freddie Dixon, Terry Finch, Paul Cheney, and Offie Cobb under Sections
2.393 and 2.397 of the Employees’ Pension Plan, as approved by the Pension
motioncarried
Advisory Committee. The was duly seconded and unanimously.
3. Carolyn Brink, City Manager’s Department, be allowed to vest her pension under
Section(s) 2.397 and 2.398 of the Employees’ Pension Plan as approved by the
Pension Advisory Committee.
Carolyn Brink, Executive Assistant, City Manager Department, was employed by
the City on February 7, 1994, and began participating in the Pension Plan on that date.
Ms. Brink terminated from City employment on November 18, 2005.
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.
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. Ms. Brink would have completed at least 10 years of service and reached age
65 on October 27, 2006. Her pension will be effective November 1, 2006. This pension
was approved by the Pension Advisory Committee on December 8, 2005.
Trustee Doran moved that Carolyn Brink be allowed to vest her 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 9:43 a.m.
--f~~
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Pension Trustees
.
Attest:
n--~l. J1~ On.
~erk
.
Pension Trustees 2006-01-17
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