10/16/2006
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TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
October 16, 2006
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 Manage
Assistant City Manager
City Attorney
City Clerk
The Chair called the meeting to order at 8:35 a.m. at City Hall.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
2. Approval of Minutes:
2.1 Approve the minutes of the September 18. 2006 Pension Trustees Meetinq as submitted in
written summation bv the City Clerk.
Trustee Jonson moved to approve the minutes of the September 18, 2006, meeting, as
recorded and submitted in written summation by the City Clerk to each Trustee. The motion
was duly seconded and carried unanimously.
3. Pension Trustee Items
3.1 Jana Fine. Library Department: Nancv Peckham. Public Utilities Department: and John Lee.
Fire Department. be qranted reQular pensions under Section(s) 2.393 and 2.397 of the
Emplovees' Pension Plan as approved bv the Pension Advisory Committee.
Jana Fine, Librarian III, 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.
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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.
Trustee Petersen moved that Jana Fine, Library Department; Nancy Peckham, Public
Utilities Department; and John Lee, Fire Department, be granted regular pensions under
Sections 2.393 and 2.397 of the Employees' Pension Plan as approved by the Pension
Advisory Committee. The motion was duly seconded and carried unanimously.
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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 Emplovees' Pension Plan as approved bv the
Pension Advisorv Committee.
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.
Trustee Hamilton moved that James D. Betts, Jr., Solid Waste/General Services
Department, be allowed to vest his pension under Sections 2.397 and 2.398 of the Employees'
Pension Plan as approved by the Pension Advisory Committee. The motion was duly
seconded and carried unanimously.
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. 3.3 Accept the employees listed below into membership in the City of Clearwater's Employees'
Pension Plan.
Pension Elig. Name, Job. Class, & Dept./Div. Hire Date Date
William Peterson, Risk Mgmt. Spec.lFinance 7/24/06 7/24/06
Nicholas Marzola, Fleet Mechanic/Gen. Ser. 8/7/06 8/7/06
Phuong Vo, Engineering Spec. IIEngineering 8/7/06817/06
Felicia Frith, Landscape Maint. Coord.lP&R 8/7/06 8/7/06
Todd Mustapich, Pks. Ser. Tech. I/P&R 8/7/068/7/06
Orlando Rivas, Pks. Ser. Tech. I/P&R 8/7/068/7/06
Larry Jones, Pks. Ser. Tech. I/P&R 8/7/068/7/06
Christopher Lincoln, SW Worker/Solid Waste 8/21/06 8/21/06
Erick Peterson, Pks. Ser. Tech. I/P&R 8/21/06 8/21/06
Nicholas Tatem, Fleet Mechanic/Gen. Ser. 8/21/068/21/06
Erik Watkins, Fleet Mechanic/General Services 8/21/06 8/21/06
Catherine Porter, Planner III/Planning 8/24/06 8/24/06
Laurie Sullivan, Library Assistant/Library 5/19/03 8/21/06, originally hired 5/19/03; status
changed to full-time and pension eligible as of 8/21/06.
Trustee Jonson moved to accept the listed employees into membership in the City of
Clearwater's Employees' Pension Plan. The motion was duly seconded and carried
unanimously.
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4. Other Business: None.
5 Adjourn:
The meeting adjourned at 8:36 a.m.
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