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02/14/2005 Pension Trustees Agenda Date: 02/14/2005 Location: Council Chambers - City Hall Call to Order Approval of Minutes 01-18-2005 Pension Trustee Items 1. Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan. 2. Joyce Geisel, Customer Service Department; Donna L. Gardner, Police Department; Gladys Young, Customer Service Department; and Charles Cronin, 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. Other Business Adjourn Pension Trustees Agenda 2/14/2005 Page 1 of 1 '~:;J ;~ .. Pension Trustee Cover Memorandum .....:- -- -- ~S\O(\- \ Trackino Number: 1,105 Actual Date: 02/14/2005 Subject / Recommendation: Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan. Summary: Pension Elig. Name, Job. Class, & Dept.jDiv. Hire Date Date Gretchen Urquhart, Police Comm. Operator Trainee/Police 11/29/04 Kathleen Rowett, Police Com. Operator Trainee/Police 11/29/04 Charles Scrivens, Custodial Worker/Parks & Recreation 11/29/04 Theodore Magganas, Container Maint. Wkr.jSolid Waste 11/29/04 David Wilson, Recreation Programmer/Parks & Recreation 11/27/04 Sandra Doria, Staff Assistant/Public Services 12/13/04 12/13/04 11/29/04 11/29/04 11/29/04 11/29/04 11/27/04 * * originally hired as part-time on 8/19/96; transferred to full-time and pension eligible Orioinating: Human Resources Review Aporoval Cvndie Goudeau 02-03-2005 09:26:44 ~f\S l 0-(\ - Z- ... o >>< : l.I ater Pension Trustee Cover Memorandum Trackino Number: 1,106 Actual Date: 02/14/2005 Subiect / Recommendation: Joyce Geisel, Customer Service Department; Donna L. Gardner, Police Department; Gladys Young, Customer Service Department; and Charles Cronin, 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. Summary: Joyce Geisel, Customer Service Specialist, Customer Service Department, was employed by the City on June 29, 1981, and her pension service credit is effective on that date. Her pension will be effective January 1, 2005. Based onan average salary of approximately $40,376 per year over the past five years, the formula for computing regular pensions, and Ms. Geisel's selection of the Life Annuity, this pension will approximate $28,628 annually. Donna L. Gardner, Police Communications Operator, Police Department, was employed by the City on February 18, 1981, and her pension service credit is effective on that date. Her pension will be effective March 1, 2005. Based on an average salary of approximately $46,510 per year over the past five years, the formula for computing regular pensions, and Ms. Gardner's selection of the Joint & Survivor Annuity, this pension will approximate $30,696 annually. Gladys D. Young, Customer Service Representative, Customer Service Department, was employed by the City on August 24, 1992, and her pension service credit is effective on that date. Her pension will be effective January 1, 2005. Based on an average salary of approximately $29,192 per year over the past five years, the formula for computing regular pensions, and Ms. Young's selection of the Joint & Survivor Annuity, this pension will approximate $10,704 annually. Charles F. Cronin, Police Sergeant, 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 March 1, 2005. Based on an average salary of approximately $63,397 per year over the past five years, the formula for computing regular pensions, and Mr. Cronin's selection of the 100% Joint & Survivor Annuity, this pension will approximate $34,623 annually. Originatino: Human Resources Review Aporoval Cvndie Goudeau 02-03-2005 09:25:59 Regular Pensions Page 2 February 14, 2005 These pensions were approved by the Pension Advisory Committee on January 14, 2005. 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 thirty years of credited service, or has reached age 65 and completed ten years of credited service. Section 2.393 also 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 Sergeant as meeting the hazardous duty criteria. Ms. Geisel and Ms. Gardner qualify under the age 55 and twenty years of service criteria. Ms. Young qualifies under the age 65 and ten years of service criteria. Mr. Cronin qualifies under the hazardous duty criteria.