09/18/2006
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PENSION TRUSTEES AGENDA
Location: Council Chambers - City Hall
Date: 9/18/2006- 1 :30 PM
1. Call to Order
2. Approval of Minutes
2.1 Approve the minutes of the August 15,2006 Pension Trnstees Meeting as submitted in written summation
by the City Clerk.
I@l Attachments
3. Pension Trustee Items
3.1 Accept the employees listed below into membership in the Employees' Pension Plan.
@ Attachments
3.2 Michael Walsh, Public Services Department, and Richard Rosa, Development & Neighborhood Services
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.
I@l Attachments
3.3 James A. Berry, Solid Waste/General Services Department, be allowed to vest his pension under Section
(s) 2.397 and 2.398 of the Employees' Pension Plan as approved by the Pension Advisory Committee.
~ Attachments
4. Other Business
5. Adjourn
Meeting Date:9/18/2006
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Approve the minutes of the August 15, 2006 Pension Trustees Meeting as submitted in written summation by the City Clerk.
SUMMARY:
Review Approval: 1) Clerk
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
August 15, 2006
Unapproved
Present:
Frank Hibbard
Carlen Petersen
Hoyt Hamilton
William C. Jonson
John Doran
Chair
Trustee
Trustee
Trustee
Trustee
Also Present:
William B. Horne, II
Garry Brumback
Pamela K. Akin
Cynthia E. Goudeau
Brenda Moses
The Chair called the meeting to order at 10:1
To provide continuity for research, it
necessarily discussed in that order.
2. Approval of Minutes:
2.1 A rove the minutes of the Jul
submitted in written summation b
006, meeting, as
h Trustee. The motion
it of Clearwater's Em 10 ees' Pension
pector/Fire, Daniel Crider, Rec. Programmer/Parks &
er/Police, Arthur Sarrach, Pub. Util. Tech. I/PU, Raymond
ss Bailey, Police Officer/Police, Jason Lambe, Police
o Officer/Police, James Hersh, Drftg & Map
TecH . Ser. Tech. I/Parks & Rec., Timothy Booth, Pub. Util. Tech.
I/PU, echo I/PS, Gabriel Nunez, Police Officer/Police, William
Nahorodn e, Timothy McClintick, Rec. Prog./Parks & Rec., Marcos Valdez,
Police Office Reedy, Jr., Survey Assistant I/Eng., Nicholas Niski, Pks Ser. Tech.
I/Pks. & Rec., s, Solid Waste Wkr/Solid Waste * , April Troyer, Library
Assistant/Library maar Jackson, Solid Waste Wkr/Solid Waste *** , Michelle Benjamin,
Survey Asst. I/Eng., haki Hurdle, Solid Waste Wkr/Solid Waste, Harold Godfrey, Gas
Technician I/Gas, Ned Pedersen, Human Resource Analyst/HR, Bonnie Potters, Librarian
Pension Trustees 2006-08-15
1
III/Library, Tiffany Adams, Fire Medic/Fire, Guy Carosa, Fire Medic/Fire, Monica Juarbe, Fire
Medic/Fire, Aaron Reilly, Fire Medic/Fire, Jason Samanipour, Fire Medic/Fire, Edward
Schultz/Fire Prevention Insp./Fire, Kristina Ward-Connole, Fire Medic/Fire *,
* originally employed as temporary on 1/23/06; made permanent
of 6/12/06
** originally employed as part-time on 8/22/05; transferr.
eligible as of 6/10/06
*** originally employed as temporary on 3/13/06; ma
as of 6/12/06.
Trustee Jonson moved to accept the listed employees in
Clearwater's Employees' Pension Plan. The motion was duly s
unanimously.
Robert M. Brumback, Solid Waste/Ge
Services Department, was employed by the
credit is effective on November 30, 1 His
an average salary of approximatel
computing regular pensions, and
pension will approximate $43,
ed by the City on May 25,
ective on that da r pension will be effective July
oximately $57,709 per year over the past five
ns, and Ms. Hebert's selection of the 100%
ate $38,479 annually.
r, Police 0 ent, was employed by the City on October
dit is effect I e on that date. Her pension will be effective
salary of approximately $83,531 per year over the past
egular pensions, and Ms. Beck's selection of the 10-Year
II approximate $52,182 annually.
Sectio
and com
or has reac
provides for no
credited service
employment descriB
ed by the Pension Advisory Committee on July 20, 2006.
retirement eligibility when a participant has reached age 55
redited service, has completed thirty years of credited service,
mpleted ten years of credited service. Section 2.393 also
ent eligibility when a participant has completed twenty years of
eached age 55 and completed ten years of credited service in a type of
tl as "hazardous duty" and further defines service as a Police Officer as
Pension Trustees 2006-08-15
2
meeting the hazardous duty criteria. Mr. Brumback qualifies under the age 65 and ten years of
service criteria. Ms. Hebert and Ms. Beck qualify under the hazardous duty criteria.
Trustee Petersen moved that Robert Brumback, Solid Waste/Ge
Department; Lisa Hebert, Police Department; and Rosanne Beck, Police
granted regular pensions under Section(s) 2.393 and 2.397 of th mpl
approved by the Pension Advisory Committee. The motion w sec
unanimously.
ral Services
artment, be
e Plan as
rried
Henry Propheter, Systems Programmer, Police Departm
on July 27, 1988, and began participating in the Pension Plan
terminated from City employment on June 13, 2006.
The Employees' Pension Plan provides that s
employee of the City of Clearwater after completi
(pension participation), such employee shall ac
Vested pension payments commence on the fi
employee normally would have been eligible f
normal retirement eligibility when a participan
of credited service, has completed 3 rs 0
completed ten years of credited se
Mr. Propheter would h
August 26, 2008. His pensio
by the Pension Advisory Com
nd reached age 55 on
pension was approved
heter, Police Department, be allowed to vest his
e Employees' Pension Plan as approved by the
Iy seconded and carried unanimously.
itures totalin 396850 for fiscal ear
does not have a legal requirement to have a budget. The
s. The following are routine expenditures that staff is
re ficiency. These expenditures involve routine business
mat amounts. Printing and binding is for the statutorily required
annua e members of the pension plan. Postage is for certified
mailings Ie passed by the Pension Trustees. Membership dues are for
the annual a Public Pension Trust Association. Training is the estimated
amount for the raining required by state statute. Travel is the estimated cost for
training and due e visits. Klausner & Kaufman is the pension attorney firm. Annual
attorney's fees also elude medical bills that are for the medical services authorized by the
Pension Advisory Committee. This is a not to exceed amount. Reimbursement to the General
Pension Trustees 2006-08-15
3
Fund and the Self Insurance Fund is for the cost of the oversight of the Plan and is recognized
as revenue to the funds. This reimbursement covers the services provided by Human
Resources, Payroll, and Finance Departments. Referendum costs were deferred from last year.
Costs are as follows; November or March election ballot (piggyback with ounty) estimated at
$10,000, Stand alone election ballot estimated $60,000. Money manage fekeeping, actuary,
and pension administration fees are all set by contracts approved th es are not
included here.
In response to a question, Finance Department Acco
bills and attorney fees are commingled. Staff will provide C
item.
Trustee Hamilton moved to approve the recommended
totaling $396,850 for Fiscal Year 2006-07. The motion was d
In response to a question, Finance Director Margi
$120,000 in anticipation of a referendum next year; if
fund.
Upon the vote being taken, the motion
4. Other Business: None.
5 Adjourn:
The meeting adjourn
Chair
Employee's Pension Plan Trustees
Pension Trustees 2006-08-15
4
Meeting Date:9/18/2006
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Accept the employees listed below into membership in the Employees' Pension Plan.
SUMMARY:
Pension Elig. Name, Job. Class, & Dept./Div. Hire Date Date Jacqueline Clemons, Rec. Prog.lP&R 12/2/026/24/06 * Jared Barden,
Network Analyst/IT 7/10/06 7/10/06 Shannon Spencer, Librarian I/Library 7/10/06 7/10/06 Stephanie Gilmore, City Clk Spec/ORLS
7110/06 7/10/06 Jill Harris, Rec. Prog.lP&R 7/10/06 7/10/06 David Bell, Custodial Worker/P&R 3/25/02 7/8/06 ** Miguel Santiago, Pks
Ser Tech. I/P&R 7/24/06 7/24/06 Jeffrey Yatchum, Fld Ser. Rep. I/CutSer 7/24/06 7/24/06 Christopher Hubbard, Rec Spec/P&R 7/24/06
7/24/06 James Weis, WWTP Oper. True/Pub Util 7/24/06 7/24/06 Charles Brown, Parks Ser Tech I/P&R 7/24/06 7/24/06 Shannon
Kasparek, Police Cadet/Police 7/24/06 7/24/06 Megan Coneby, Police Cadet/Police 7/24/06 7/24/06 Phong Pham, Police Cadet/Police
7/24/067/24/06 Dustin Kennedy, Police Cadet/Police 7/24/06 7/24/06 Lynne Marchitello, Parks Ser Tech l/P&R 7/24/06 7/24/06 *
originally employed as part-time on 12/2/02; promoted and pension eligible as of 6/24/06 ** originally employed as part-time on 3/25/02;
made permanent and pension eligible as of 7/8/ 06
Review Approval: 1) Clerk
Meeting Date:9/18/2006
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Michael Walsh, Public Services Department, and Richard Rosa, Development & Neighborhood Services 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:
Michael Walsh, Pubic Services Technician II, Public Services Department, was employed by the City on September 8, 1986, and his
pension service credit is effective on that date. His pension will be effective October 1, 2006. Based on an average salary of approximately
$39,258 per year over the past five years, the formula for computing regular pensions, and Mr. Walsh's selection of the Joint & Survivor
Annuity, this pension will approximate $21,592 annually. Richard Rosa, Housing Inspector, Development & Neighborhood Services
Department, was employed by the City on July 27, 1981, and his pension service credit is effective on that date. His pension will be
effective August 1, 2006. Based on an average salary of approximately $46,802 per year over the past five years, the formula for computing
regular pensions, and Mr. Rosa's selection of the 10- Y ear Certain & Life Annuity, this pension will approximate $31,686.36 annually.
These pensions were approved by the Pension Advisory Committee on August 10, 2006. Section 2.393 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. Walsh and Mr. Rosa qualify under the age 55 and twenty
years of service criteria.
Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk
Meeting Date:9/18/2006
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
James A. Berry, Solid Waste/General Services Department, be allowed to vest his pension under Section(s) 2.397 and 2.398 of the
Employees' Pension Plan as approved by the Pension Advisory Committee.
SUMMARY:
James A. Berry, Solid Waste Equipment Operator, Solid Waste/General Services Department, was employed by the City on February 16,
1987, and began participating in the Pension Plan on that date. Mr. Berry terminated from City employment on August 4,2006. 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. Mr. Berry would
have completed at least 30 years of service on February 16,2017. His pension will be effective March 1,2017. This pension was approved
by the Pension Advisory Committee on August 10, 2006.
Review Approval: 1) Office of Management and Budget 2) Legal 3) Clerk