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10/17/2005 Pension Trustees Agenda Date: 10/17/2005 Location: Council Chambers - City Hall Call to Order Approval of Minutes 09-12-2005 Pension Trustee Items 1. Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan 2. Joseph Zagone, Police Department, and Samuel Willi, Fire 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. James D. Johnson, Jr., Public Utilities Department; David D. Dornbusch, Solid Waste Department; Lucette M Wombacher, Budget Department; and Roy J. Heinz, Police Department, be allowed to vest their pensions 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 10/17/2005 Page 1 of 1 f :~. Pension Trustee Cover Memorandum Trackinq Number: 1,641 Actual Date: 10/17/2005 Subiect / 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 Brandon Jerrido, Solid Waste Worker/Solid Waste 7/25/05 April Eversole, Customer Service Rep.jCustomer Service 7/25/05 Cky Ready, Planner II, Planning 8/1/05 8/1/05 Kyle Wilson, Development Review Tech.jDev. & Neigh. Ser. 8/8/05 Kathleen Troiani, Police Office Specialist/Police 8/8/05 8/8/05 Naomi Malone, Systems Analyst/Library 8/8/05 8/8/05 Micky Manlove, Parks Service Tech. I/Parks & Recreation 8/8/05 8/8/05 John Hennessy, Customer Service Rep.jCustomer Service 8/8/05 8/8/05 Arthur Strick, Parks Service Tech. I/Parks & Recreation 8/8/05 8/8/05 Bradley Serata, Police Officer/Police 7/11/05 7/11/05 Philip Palestra, Custodial Worker/General Services 8/11/05 8/11/05 Bret Goodson, Systems Analyst/Parks & Recreation 8/8/05 8/8/05 Leonard Rickard, Fire Protection Inspector/Fire 7/25/05 7/25/05 Mel Melendez, Fire Protection Inspector/Fire 7/25/05 7/25/05 Sherry Walker, Survey Assistant I/Engineering 8/22/05 8/22/05 Olin Crouch, Survey Assistant I/Engineering 8/22/05 8/22/05 Heather Latham, Staff Assistant/Economic Development 8/22/05 8/22/05 Willie Hill, Public Utilities Tech. I/Public Utilities 8/22/05 8/22/05 Debra Englander, Public Util. Coordinator/Public Util. 9/6/05 9/6/05 Kelly Rogers, Accounting Clerk/Finance 9/6/05 9/6/05 David Sexsmith, WWTP Operator Trainee/Public Utilities 9/6/05 9/6/05 7/5/05 7/25/05 8/8/05 Oriqinatinq: Human Resources Review Approval Cvndie Goudeau 10-05-2005 10:17:21 f :~. Pension Trustee Cover Memorandum Trackinq Number: 1,639 Actual Date: 10/17/2005 Subiect / Recommendation: Joseph Zagone, Police Department, and Samuel Willi, Fire 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: Joseph Zagone, Police Sergeant, 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 September 1, 2005. Based on an average salary of approximately $66,493 per year over the past five years, the formula for computing regular pensions, and Mr. Zagone's selection of the 100% Joint & Survivor Annuity, this pension will approximate $36,104 annually. Samuel Willi, Fire District Chief, Fire Department, was employed by the City on January 15, 1973, and his pension service credit is effective on that date. His pension will be effective September 1, 2005. Based on an average salary of approximately $82,133 per year over the past five years, the formula for computing regular pensions, and Mr. Willi's selection of the 100% Joint & Survivor Annuity, this pension will approximate $72,468 annually. These pensions were approved by the Pension Advisory Committee on September 23, 2005. 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 Sergeant and Fire District Chief as meeting the hazardous duty criteria. Mr. Zagone and Mr. Willi qualify under the hazardous duty criteria. Oriqinatinq: Human Resources Review Approval Cvndie Goudeau 10-05-2005 10:20:51 f :~. Pension Trustee Cover Memorandum Trackinq Number: 1,640 Actual Date: 10/17/2005 Subiect / Recommendation: James D. Johnson, Jr., Public Utilities Department; David D. Dornbusch, Solid Waste Department; Lucette M Wombacher, Budget Department; and Roy J. Heinz, Police Department, be allowed to vest their pensions under Section(s) 2.397 and 2.398 of the Employees' Pension Plan as approved by the Pension Advisory Committee. Summary: James D. Johnson, Jr., Utilities Mechanic, Public Utilities Department, was employed by the City on March 20, 1995, and began participating in the Pension Plan on that date. Mr. Johnson terminated from City employment on August 5, 2005. Roy J. Heinz, Police Officer, Police Department, was employed by the City on February 26, 1995, and began participating in the Pension Plan on that date. Mr. Heinz terminated from City employment on August 17, 2005. David D. .Dornbusch, Solid Waste Worker, Solid Waste Department, was employed by the City on April 24, 1989, and began participating in the Pension Plan on that date. Mr. Dornbusch terminated from City employment on August 26, 2005. Lucette M. Wombacher, Senior Accountant, Budget Department, was employed by the City on December 27, 1993, and began participating in the Pension Plan on that date. Ms. Wombacher terminated from City employment on September 30, 2005. 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. Section 2.393 also (p) 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 specifically defines service as a Police Officer as meeting the hazardous duty criteria. Oriqinatinq: Human Resources Review Approval Cvndie Goudeau 10-05-2005 10: 19:38 Vested Pensions Page 2 October 17, 2005 Mr. Johnson would have completed at least 10 years of service and reached age 65 on January 4, 2009. His pension will be effective February 1, 2009. Mr. Dornbusch would have completed at least 20 years of service and reached age 55 on April 24,2009. His pension will be effective May 1, 2009. Ms. Wombacher would have completed at least 10 years of service and reached age 65 on March 14, 2013. Her pension will be effective April 1, 2013. Mr. Heinz would have completed 20 years of hazardous duty on February 26, 2015. His pension will be effective March 1, 2015. These pensions were approved by the Pension Advisory Committee on September 23, 2005.