10/16/2006
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PENSION TRUSTEES AGENDA
Location: Council Chambers - City Hall
Date: 1 0/16/2006- 8 :30 AM
1. Call to Order
2. Approval of Minutes
2.1 Approve the minutes of the September 18, 2006 Pension Trnstees Meeting as submitted in written
summation by the City Clerk.
I@l Attachments
3. Pension Trustee Items
3.1 Jana Fine, Library Department; Nancy Peckham, Public Utilities Department; and John Lee, 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.
@ Attachments
3.2 James D. Betts, Jr., 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
3.3 Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan.
I@l Attachments
4. Other Business
5. Adjourn
Meeting Date: 10/16/2006
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Approve the minutes of the September 18,2006 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
September 18, 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
City Manag
Assistant Ci
City Attorn
City Clerk
The Chair called the meeting to order at 1 :43
To provide continuity for research, ite
necessarily discussed in that order.
2. Approval of Minutes:
2.1 A rove the minutes of the Au
submitted in written summation b
, 2006, meeting, as
Trustee. The motion
Cit of Clearwater's Em 10 ees' Pension
Je
Recre
Utilities;
Police Cad
Dustin Kenne
Recreation.
n Programs/Parks & Recreation; Jared Barden, Network
n I/Library; Stephanie Gilmore, City Clerk
ram/Parks & Recreation; David Bell, Custodial
antiago, Parks Service Technician I/Parks & Recreation;
esentative I/Customer Service; Christopher Hubbard,
eation; James Weis, WWTP Operator Trainee/Public
ervice Technician I/Parks & Recreation; Shannon Kasparek,
oneby, Police Cadet/Police; Phong Pham, Police Cadet/Police;
et/Police; Lynne Marchitello, Parks Service Technician I/Parks &
Jacqueline Clemons was originally employed as part-time on December 2, 2002;
promoted and pension eligible as of June 24, 2006
Pension Trustees 2006-09-18
David Bell was originally employed as part-time on March 25, 2002; made permanent
and pension eligible as of July 8, 2006.
Richard Rosa, Housing Inspector, Dev
was employed by the City on July 27,1981, a
date. His pension will be effective August 1,
approximately $46,802 per year over t ast
pensions, and Mr. Rosa's selection j 0-
approximately $31,686.36 annuall
Trustee Jonson moved to accept the listed employees into memb
Clearwater's Employees' Pension Plan. The motion was duly se de
unanimously.
by the Pension ee on August 10,
I retirement elig articipant has reached
dited service, ha ted thirty years of credited
ed ten years of credited service. Mr. Walsh and Mr.
s of service criteria.
ste Equipment Operator, Solid Waste/General Services
Departmen the City on February 16, 1987, and began participating in the
Pension Plan r. Berry terminated from City employment on August 4, 2006. The
Employees' Pen provides that should an employee cease to be an employee of the
City of Clearwater 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
Pension Trustees 2006-09-18
2
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 complete at least 30 years of
service on February 16, 2017. His pension will be effective March 1, 201 This pension was
approved by the Pension Advisory Committee on August 10, 200
Trustee Doran moved that James A. Berry, Solid Wa
be allowed to vest his pension under Section(s) 2.397 and 2
Plan as approved by the Pension Advisory Committee. The
carried unanimously.
4 Adjourn
The meeting adjourned at 1 :44 p.m.
Attest:
City Clerk
Pension Trustees 2006-09-18
3
Meeting Date: 10/16/2006
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
Jana Fine, Library Department; Nancy Peckham, Public Utilities Department; and John Lee, 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:
Jana Fine, Librarian Ill, Library Department, was employed by the City on December 8, 1976, and her pension service credit is effective on
July 30, 1977. Her pension will be effective August 1, 2007. Based on an average salary of approximately $55,684 per year over the past
five years, the formula for computing regular pensions, and Ms. Fine's selection of the Joint & Survivor Annuity, this pension will
approximate $45,940 annually. Nancy K. Peckham, Staff Assistant, Public Utilities Department, was employed by the City on March 31,
1994, and her pension service credit is effective on December 26, 1995. Her pension will be effective September 1,2006. Based on an
average salary of approximately $27,018 per year over the past five years, the formula for computing regular pensions, and Ms. Peckham's
selection of the Joint & Survivor Annuity, this pension will approximate $8,637 annually. John R. Lee, Firefighter Driver/Operator, Fire
Department, was employed by the City on August 28, 1978, and his pension service credit is effective on that date. His pension will be
effective September 1, 2006. Based on an average salary of approximately $57,227 per year over the past five years, the formula for
computing regular pensions, and Mr. Lee's selection of the Joint & Survivor Annuity, this pension will approximate $44,052 annually.
These pensions were approved by the Pension Advisory Committee on September 14, 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. Section 2.393 also provides for normal retirement eligibility
when a participant has completed twenty years of credited service or has reached age 55 and completed ten years of credited service in a
type of employment described as "hazardous duty" and further defines service as a Firefighter Driver/Operator as meeting the hazardous
duty criteria. Ms. Fine qualifies under the thirty-year criteria; Ms. Peckham qualifies under the age 65 and ten years of service criteria; and
Mr. Lee qualifies under the hazardous duty criteria.
Review Approval: 1) Clerk
Meeting Date: 10/16/2006
Pension Trustees Agenda
Council Chambers - City Hall
SUBJECT / RECOMMENDATION:
James D. Betts, Jr., 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 D. Betts, Jr., Solid Waste Worker, Solid Waste/General Services Department, was employed by the City on May 31, 1988, and began
participating in the Pension Plan on that date. Mr. Betts terminated from City employment on August 11, 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. Betts would have completed
at least 20 years of service and reached age 55 on August 4,2010. His pension will be effective September 1,2010. This pension was
approved by the Pension Advisory Committee on September 14,2006.
Review Approval: 1) Clerk
Meeting Date: 10/16/2006
Pension Trustees Agenda
Council Chambers - City Hall
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 William Peterson, Risk Mgmt. Spec.!Finance 7/24/067/24/06 Nicholas
Marzola, Fleet Mechanic/Gen. Ser. 8/7/06 8/7/06 Phuong Yo, Engineering Spec. l/Engineering 8/7/06 8/7/06 Felicia Frith, Landscape
Maint. Coord.lP&R 8/7/06 8/7/06 Todd Mustapich, Pks. Ser. Tech. l/P&R 8/7/06 8/7/06 Orlando Rivas, Pks. Ser. Tech. l/P&R 8/7/06 8/7/06
Larry Jones, Pks. Ser. Tech.l/P&R 8/7/06 8/7/06 Christopher Lincoln, SW Worker/Solid Waste 8/21/06 8/21/06 Erick Peterson, Pks. Ser.
Tech. l/P&R 8/21/06 8/21/06 Nicholas Tatem, Fleet Mechanic/Gen. Ser. 8/21/06 8/21/06 Erik Watkins, Fleet Mechanic/General Services
8/21/068/21/06 Laurie Sullivan, Library Assistant/Library 5/19/03 8/21/06 * Catherine Porter, Planner Ill/Planning 8/24/06 8/24/06 *
originally hired 5/19/03; status changed to full-time and pension eligible as of 8/21/06
Review Approval: 1) Clerk