04/17/2006
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Pension Trustees Agenda
Date: 04/17/2006
Location: Council Chambers - City Hall
Call to Order
Approval of Minutes
03-13-2006
Pension Trustee Items
1. Accept the employees listed below into membership in the City of Clearwater's
Employees' Pension Plan.
2. Herman Pittman, Fire Department, and Marsha McGrath, Library 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.
3. Marlene Mitchell, Librarian II, Library 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.
Other Business
Adjourn
Pension Trustees Agenda 4/17/2006
Page 1 of 1
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Trackina Number: 1,985
Actual Date: 04/17/2006
Subiect / Recommendation:
Accept the employees listed below into membership in the City of Clearwater's Employees'
Pension Plan.
Summarv:
Pension
Name, Job. Class, & Dept./Div.
Elig.
Hire Date
Date
Catherine Cotton, Fire Inspector I/Fire 1/23/06 1/23/06
Bonnie Bagry, Police Communications Operator/Police 12/27/05 12/27/05
Michael Nodes, Marine Lifeguard/Marine & Aviation 1/23/06 1/23/06
Brad Womack,Survey Assistant I/Engineering 2/6/06 2/6/06
Martin Holmes, Survey Assistant I/Engineering 2/6/06 2/6/06
Angela Trueblood, Recreation Programmer/Parks & Recreation 2/6/06 2/6/06
David Storck, Air Conditional Technician/General Services 2/6/06 2/6/06
Lan-Anh Nguyen, Engineering Specialist II/Engineering 2/6/06 2/6/06
Himanshu Patni, Engineerng SpecialistII/Engineering 2/6/06 2/6/06
Michael Springer, Solid Waste Worker/SolidWaste 2/6/06 2/6/06
Angel Lucena, Solid Waste Worker/Solid Waste 2/6/06 2/6/06
Jayme Loy, Recreation Leader/Parks & Recreation 2/6/06 2/6/06
William Andrews, Electro-Mechanical Tech./Public Utilities 2/7/06 2/7/06
Oriqinatinq: Human Resources
Review Approval
Cvndie Goudeau
04-06-2006
11:49:57
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Trackinq Number: 1,987
Actual Date: 04/17/2006
Subiect / Recommendation:
Herman Pittman, Fire Department, and Marsha McGrath, Library 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.
Summarv:
Herman Pittman, Fire Lieutenant, Fire Department, was employed by the City on April 14, 1974,
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 $57,966 per year over the past five years, the
formula for computing regular pensions, and Mr. Pittman's selection of the 50% Joint & Survivor
Annuity, this pension will approximate $52,411 annually.
Marsha McGrath, Librarian III, Library Department, was employed by the City on March 16,
1981, and her pension service credit is effective on that date. Her pension will be effective May
1, 2006.
Based on an average salary of approximately $56,397 per year over the past five years, the
formula for computing regular pensions, and Ms. McGrath's selection of the 100% Joint &
Survivor Annuity, this pension will approximate $38,142 annually.
These pensions were approved by the Pension Advisory Committee on March 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 Fire Lieutenant 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. Mr. Pittman qualifies under the hazardous
duty criteria. Ms. McGrath qualifies under the age 55 and 20 years of service criteria.
Oriqinatinq: Human Resources
Review Approval
Cvndie Goudeau
04-06-2006
11 :48:39
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Trackina Number: 1,986
Actual Date: 04/17/2006
Subiect / Recommendation:
Marlene Mitchell, Librarian II, Library 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.
Summary:
Marlene Mitchell, Librarian II, Library Department, was employed by the City on March 21, 1994,
and began participating in the Pension Plan on that date. Ms. Mitchell terminated from City
employment on February 14, 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. Ms. Mitchell would have
completed at least 20 years of service and reached age 55 on March 21, 2014. Her pension will
be effective April 1, 2014. This pension was approved by the Pension Advisory Committee on
March 9, 2006.
Oriqinatinq: Human Resources
Review Approval
Cvndie Goudeau
04-06-2006
11:49:27