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01/17/2006 Pension Trustees Agenda Date: 01/17/2006 Location: Council Chambers - City Hall Call to Order Approval of Minutes 12-12-2005 Pension Trustee Items 1. Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan. 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. 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. Other Business Adjourn Pension Trustees Agenda 1/17/2006 Page 1 of 1 f :~. Pension Trustee Cover Memorandum Trackinq Number: 1,820 Actual Date: 01/17/2006 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 Mark Parisi, Police Communications Operator Trainee/Police 10/31/05 10/31/05 James Perz, Police Cadet/Police 10/31/05 10/31/05 Christopher Trauner, Field Service Rep.jCustomer Service 10/31/05 10/31/05 Terri Rowland, Staff Assistant/Parks & Recreation 10/31/05 10/31/05 Michael Minutolo, Tradesworker/General Services 10/31/05 10/31/05 Randall Bingham, Firefighter/Fire 10/31/05 10/31/05 Banks Colton, Firefighter/Fire 10/31/05 10/31/05 Philip Gordon, Firefighter/Fire 10/31/05 10/31/05 Christopher Hannigan, Firefighter/Fire 10/31/05 10/31/05 Robert Hansen, Firefighter/Fire 10/31/05 10/31/05 Bradley Keating, Firefighter/Fire 10/31/05 10/31/05 Thomas Knobl, Firefighter/Fire 10/31/05 10/31/05 Steven Lannon, Firefighter/Fire 10/31/05 10/31/05 Shawn Lawrentz, Firefighter/Fire 10/31/05 10/31/05 Christopher Van Opdorp, Firefighter/Fire 10/31/05 10/31/05 Mauricio Perdigon, Firefighter/Fire 10/31/05 10/31/05 Timothy Smith, Firefighter/Fire 10/31/05 10/31/05 Vincent Supernor, Firefighter/Fire 10/31/05 10/31/05 Jason Thibault, Firefighter/Fire 10/31/05 10/31/05 Robert Gundrum, Container Maintenance Worker/Solid Wast 10/31/05 10/31/05 Oriqinatinq: Human Resources Review Approval Cvndie Goudeau 01-06-2006 12: 51 :04 Agenda Item-New Hires Page 2 January 17, 2006 Name, Job. Class, & Dept./Div. Hire Date Leona Kibbe, Library Assistant/Library Mary Wood, Development Review Tech. I/Dev & Neigh. Services Tracey Reed, Librarian IlLibrary Chrystal Lee-Lun, Recreation Programmer/Parks & Recreation Sheryl Avery, Parks Service Technician I/Parks & Recreation Mark Tokar, Parks Service Technician I/Parks & Recreation Anita Vincent, Senior Payroll Technician/Finance Amanda Bearkland, Parks Service Tech. I/Parks & Recreation Jessica Fahey, Accounting Clerk/Finance Kyle Wilson, Survey Assistant IIEngineering 1/14/02 10/31/05 11/14/05 11/14/05 11/14/05 11/14/05 11/14/05 11/14/05 11/14/05 10/17/05 * originally hired as part-time on 1/14/02; promoted and pension eligible as of 10/29/05. Pension Elig. Date 10/29/05 * 10/31/05 11/14/05 11/14/05 11/14/05 11/14/05 11/14/05 11/14/05 11/14/05 10/17/05 f :~. Pension Trustee Cover Memorandum Trackinq Number: 1,818 Actual Date: 01/17/2006 Subiect / Recommendation: 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. Summary: 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. Oriqinatinq: Human Resources Review Approval Cvndie Goudeau 01-06-2006 12:48:37 Regular Pensions Page 2 January 17, 2006 Based on an average salary of approximately $40,708 per year over the past five years, the formula for computing regular pensions, and Mr. Cobb's selection of the Joint & Survivor Annuity, this pension will approximate $30,223 annually. Eric Fetrow, Firefighter/Driver Operator, Fire Department, was employed by the City on August 22, 1983, and his pension service credit is effective on that date. His pension will be effective November 1, 2005. Based on an average salary of approximately $51,075 per year over the past five years, the formula for computing regular pensions, and Mr. Fetrow's selection of the 100% Joint & Survivor Annuity, this pension will approximate $30,796 annually. Edward Bossom, Fire Lieutenant, Fire Department, was employed by the City on April 25, 1970, 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 $74,225 per year over the past five years, the formula for computing regular pensions, and Mr. Bossom's selection of the 100% Joint & Survivor Annuity, this pension will approximate $72,135 annually. These pensions were approved by the Pension Advisory Committee on December 8, 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 Firefighter Driver/Operator and Fire Lieutenant as meeting the hazardous duty criteria. Ms. Finch, Mr. Dixon, Mr. Cheney, and Mr. Cobb qualify under the 20 years of service and age 55 criteria. Mr. Fetrow and Mr. Bossom qualify under the hazardous duty criteria. f :~. Pension Trustee Cover Memorandum Trackinq Number: 1,819 Actual Date: 01/17/2006 Subiect / Recommendation: 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. Summary: 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. 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. Oriqinatinq: Human Resources Review Approval Cvndie Goudeau 01-06-2006 12:50:29