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05/17/2004Pension Trustees Agenda Date: 05/17/2004 9:00 AM Location: Council Chambers - City Hall Call to Order Approval of Minutes – April 12, 2004 Pension Trustee Items 1. Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan. 2. Susan Stephenson, Official Records and Legislative Services Department; Thomas A. Bissonnette, Customer Service Department; Robert Brown, Police Department; Richard Tyler, Finance Department; David Rieumont, Police Department and Michael J. Mobley, 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. 3. Linda Stverak, Police Department; Andrew Bachtel, Public Utilities Department; and Carlos Ulloa, Customer Service 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 Trustee Cover Memorandum Tracking Number:566 Actual Date:05/17/2004 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./Div. Hire Date Date Zebulon Veale, Firefighter/Fire 2/9/04 2/9/04 James Van Zandt, Firefighter/Fire 2/9/04 2/9/04 Anthony Rocco, Firefighter/Fire 2/9/04 2/9/04 Marcelino Lugo, Firefighter/Fire 2/9/04 2/9/04 Heath Brenner, Firefighter/Fire 2/9/04 2/9/04 Timothy Becker, Firefighter/Fire 2/9/04 2/9/04 Stephen Avise, Firefighter/Fire 2/9/04 2/9/04 Matthew Schad, Firefighter/Paramedic/Fire 2/9/04 2/9/04 Sean Lefort, Firefighter/Paramedic/Fire 2/9/04 2/9/04 Peter Gushee, Firefighter/Paramedic/Fire 2/9/04 2/9/04 Norman Kellogg, Parking Enforcement Specialist/Engineering 2/23/04 2/23/04 James Fields, Custodial Worker/Police 2/23/04 2/23/04 Eugenia Larson, Parking Enforcement Specialist/Engineering 8/12/02 2/23/04 * Shelby Brown, Code Enforcement Inspector/Dev. & Neighborhood Ser. 2/23/04 2/23/04 Robert Clark, Jr., Solid Waste Worker/Solid Waste 2/23/04 2/23/04 Richard Calhoun, Police Officer/Police 1/12/04 1/12/04 Karen Maldonado, Recreation Specialist/Parks & Recreation 3/8/04 3/8/04 Carol Cortright, Public Information Specialist/Library 1/12/04 1/12/04 Christopher Lollis, Industrial Pretreatment Tech./Public Util. 3/8/04 3/8/04 Originating:Human Resources Review Approval 05-06-2004 14:47:57Cyndie Goudeau Agenda Item New Hires Page 2 May17 2004 Pension Elig Name Job Class Dept Div HireDate Date John Moros Gas Technician IGas 3804 3804 Richard Calhoun Police OfficerPolice 11204 112 04 ChristopherPriest Police Officer Police 11204 112 04 Pedro Fernandez Gas TechnicianIGas 32204 322 04 LeslieProper Parks Service TechnicianIParks Recreation 32204 322 04 JamesKeller Life Hazard SafetyInspector Fire 32204 322 04 JamesSatterfield Life Hazard Safety Inspector Fire 32204 322 04 originallyhired as part timeon 812 02 statuschanged to fulltimeand pensioneligible asof 223 04 Pension Trustee Cover Memorandum Tracking Number:564 Actual Date:05/17/2004 Subject / Recommendation: Susan Stephenson, Official Records and Legislative Services Department; Thomas A. Bissonnette, Customer Service Department; Robert Brown, Police Department; Richard Tyler, Finance Department; David Rieumont, Police Department and Michael J. Mobley, 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: Susan Stephenson, Documents & Records Supervisor, Official Records & Legislative Services Department, was employed by the City on April 9, 1981, and her pension service credit is effective on that date. Her pension will be effective May 1, 2004. Based on an average salary of approximately $42,115 per year over the past five years, the formula for computing regular pensions, and Ms. Stephenson’s selection of the Joint & Survivor Annuity, this pension will approximate $26,660 annually. Thomas Bissonnette, Customer Service Coordinator, Customer Service Department, was employed by the City on September 5, 1973, and his pension service credit is effective on May 13, 1974. His pension will be effective June 1, 2004. Based on an average salary of approximately $47,602 per year over the past five years, the formula for computing regular pensions, and Mr. Bissonnette’s selection of the Life Annuity, this pension will approximate $41,234 annually. Robert Brown, Service Dispatcher, Police Department, was employed by the City on February 22, 1993, and his pension service credit is effective on that date. His pension will be effective April 1, 2004. Based on an average salary of approximately $31,686 per year over the past five years, the formula for computing regular pensions, and Mr. Brown’s selection of the Joint & Survivor Annuity, this pension will approximate $9,638 annually. Richard Tyler, Accounting Clerk, Finance Department, was employed by the City on December 3, 1990, and his pension service credit is effective on that date. His pension will be effective June 1, 2004. Based on an average salary of approximately $30,240 per year over the past five years, the formula for computing regular pensions, and Mr. Tyler’s selection of the 100% Joint & Survivor Annuity, this pension will approximate $10,716 annually. Originating:Human Resources Review Approval 05-06-2004 14:52:58Cyndie Goudeau Regular PensionsPage2 May17 2004 David Rieumont PoliceOfficer PoliceDepartment was employedbythe Cityon May29 1984 and hispensionservicecreditiseffectiveonthatdateHispensionwillbeeffectiveJune12004Basedonan average salaryof approximately 52956 peryear over thepastfive years theformula for computingregularpensionsandMrRieumontsselectionofthe50JointSurvivorAnnuitythispensionwillapproximate 28 476annually MichaelMobley PoliceOfficer PoliceDepartment was employed bythe Cityon October 13 1980 and his pension servicecreditiseffectiveon that date Hispension will be effectiveMay1 2004 Based on an averagesalaryofapproximately61467peryearoverthepastfiveyearstheformulaforcomputingregularpensions and Mr Mobley sselection of the 100 Joint Survivor Annuity this pension will approximate 39 463 annually These pensions wereapproved bythe PensionAdvisory Committee on April 8 2004 Section 2 393 p provides fornormalretirement eligibility when aparticipanthas reachedage 55 and completedtwentyyearsof creditedservicehascompletedthirtyyearsofcreditedserviceorhasreachedage65andcompletedtenyearsof credited service Section2 393 also p provides for normalretirement eligibility whena participanthascompletedtwentyyearsofserviceinahazardousdutypositionItfurtherspecificallydefinesserviceasaPolice Officer asmeeting thehazardous dutycriteria Ms Stephensonqualifies under theage 55 and 20yearsofservicecriteriaMrBissonnettequalifiesunderthe30yearsofservicecriteriaMrBrownandMrTylerqualify under theage 65and 10yearsof service criteria Mr Rieumont andMr Mobley qualifyunder thehazardousdutycriteria Pension Trustee Cover Memorandum Tracking Number:565 Actual Date:05/17/2004 Subject / Recommendation: Linda Stverak, Police Department; Andrew Bachtel, Public Utilities Department; and Carlos Ulloa, Customer Service 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: Andrew Bachtel, Public Utilities Coordinator, Public Utilities Department, was employed by the City on April 5, 1982, and began participating in the Pension Plan on that date. Mr. Bachtel terminated from City employment on December 19, 2003. Carlos Ulloa, Customer Service Representative Department, was employed by the City on December 7, 1987, and began participating in the Pension Plan on that date. Mr. Ulloa terminated from City employment on August 5, 2002. Linda Stverak, Police Officer, Police Department, was employed by the City on April 3, 1989, and began participating in the Pension Plan on that date. Ms. Stverak terminated from City employment on February 26, 2003.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), then 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. Originating:Human Resources Review Approval 05-06-2004 14:50:18Cyndie Goudeau Vested Pensions Page2 May 17 2004 Mr Bachtel wouldhave completed thirty years of serviceon April 5 2012 His pension willbe effective May 1 2012 Mr Ulloawould have completed20 years ofservice and reached age 55 on July25 2012 His pension will be effective August 1 2012 Ms Stverak would have completed twenty years in ahazardous dutyposition on April 3 2009 Her pension willbe effective May1 2009 These pensions were approved bythePension Advisory Committee on April 8 2004