03/17/2014TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
March 17, 2014
Present: Chair/Trustee George N. Cretekos, Trustee Paul Gibson, Trustee
Doreen Hock - DiPolito, Trustee Bill Jonson, Trustee Jay Polglaze
Also Present: William B. Horne II - City Manager, Jill S. Silverboard - Assistant City
Manager, Rod Irwin - Assistant City Manager, Pamela K. Akin - City
Attorney, Rosemarie Call - City Clerk, Nicole Sprague — Official
Records and Legislative Services Coordinator
To provide continuity for research, items are listed in agenda order although not
necessarily discussed in that order.
1. Call to Order — Chair George N. Cretekos
The meeting was called to order at 1:06 p.m. at City Hall.
2. Approval of Minutes
2.1 Approve the minutes of the February 18, 2014 Pension Trustees meeting as
submitted in written summation by the City Clerk.
Trustee Bill Jonson moved to approve the minutes of the February 18, 2014 Pension
Trustees meeting as submitted in written summation by the City Clerk. The motion was
duly seconded and carried unanimously.
3. Citizens to be Heard re Items Not on the Agenda — None.
4. Pension Trustee Items
4_1 Approve the new hires for acceptance into the Pension Plan as listed.
Pension
Name, Job. Class, & Dept. /Div. Hire Date Elig. Date
Stephanie Stutz, Legal Staff Assistant, Legal Dept 1/13/2014 1/13/2014
Ashley Adams, Cust Sv Acct Rep, Marine and Av Dept 1/22/2014 1/22/2014
Matthew Mosier, Water Dist Op Trainee, Public Util Dept 1/27/2014 1/27/2014
Tracy Weaver, Solid Waste Worker, Solid Waste Dept 1/27/2014 1/27/2014
Pension Trustees 2014 -03 -17 1
Adam Wall, Police Officer, Police Department 1/27/2014 1/27/2014
Richard Edmonds, Police Officer, Police Department 1/27/2014 1/27/2014
Francisco Micheo, Police Officer, Police Department 1/27/2014 1/27/2014
Adrian P. Washington, Police Officer, Police Dept 1/27/2014 1/27/2014
Calvin Strong, Police Property Clerk, Police Department 1/27/2014 1/27/2014
Valerie Mathre, Librarian I, Library Department 1/27/2014 1/27/2014
James Alton, Parks Service Tech I, Parks and Rec Dept 1/27/2014 1/27/2014
Jeffrey Knight, Parks Service Tech I, Parks and Rec Dept 1/27/2014 1/27/2014
Alessandra Scorcioni, Cust Sery Coord, Cust Service Dept 1/27/2014 1/27/2014
Michael Bird, Parks Service Tech I, Parks and Rec Dept 1/27/2014 1/27/2014
Wesley Grat, Water Distribution OpTrainee, Public Util Dept 1/27/2014 1/27/2014
James Copechal, Equipment Operator, Parks and Rec Dept 1/28/2014 1/28/2014
Trustee Doreen Hock-DiPolito moved to approve the new hires for acceptance into the
Pension Plan as listed. The motion was duly seconded and carried unanimously.
4.2 Approve the following request of employees Scott Bennett, Solid Waste and
General Services Department; Donald Bowen, Public Utilities Department; and
Christopher Hunter, Engineering Department; for a regular pension as provided
by Sections 2.416 and 2.424 of the Employees Pension Plan.
Scott Bennett, Licensed Electrician, Solid Waste and General Services
Department, was employed by the City on November 19, 1984 and his pension
service credit is effective on that date. His pension will be effective April 1, 2014.
Based on an average salary of approximately $56,096.59 over the past five years,
the formula for computing regular pensions and Mr. Bennett's selection of the
100% Joint and Survivor Annuity, this pension benefit will be approximately
$39,834.60 annually.
Donald Bowen, Water Distribution Operator, Public Utilities Department, was
employed by the City on March 31, 1986 and his pension service credit is
effective on that date. His pension will be effective on February 1, 2014. Based
on an average salary of approximately $42,123.08 over the past five years, the
formula for computing regular pensions, Mr. Bowen's selection of the 100% Joint
and Survivor Annuity and a 30% lump sum distribution, this pension benefit will be
approximately $21,877.20 annually.
Christopher Hunter, Stormwater Technician III, Engineering Department, was
employed by the City on September 9, 1991 and his pension service credit is
effective on that date. His pension will be effective February 1, 2014. Based on
an average salary of approximately $52,338.52 over the past five years, the
formula for computing regular pensions and Mr. Hunter's selection of the Single
Life Annuity, this pension benefit will be approximately $32,232.60 annually.
Pension Trustees 2014-03-17 2
Section 2.416 provides for normal retirement eligibility for non-hazardous duty
employees hired prior to the effective date of this reinstatement (January 1, 2013),
a member shall be eligible for retirement following the earlier of the date on which
a participant has reached the age of 55 years and completed twenty years of
credited service; the date on which a participant has reached age sixty-five years
and completed ten years of credited service; or the date on which a member has
completed thirty years of service regardless of age. For non-hazardous duty
employees hired on or after the effective date of this restatement, a member shall
be eligible for retirement following the earlier of the date on which a participant
has reached the age of sixty years and completed twenty-five years of credited
service; or the date on which a participant has reached the age of sixty-five years
and completed ten years of credited service. Mr. Bennett, Mr. Bowen and Mr.
Hunter have met the non-hazardous duty criteria.
Section 2.416 provides for normal retirement eligibility for hazardous duty
employees, a member shall be eligible for retirement following the earlier of the
date on which the participant has completed twenty years of credited service
regardless of age, or the date on which the participant has reached fifty five (55)
years and completed ten (10) years of credited service.
Trustee Jay Polglaze moved to approve the following request of employees Scott
Bennett, Solid Waste and General Services Department; Donald Bowen, Public Utilities
Department; and Christopher Hunter, Engineering Department; for a regular pension as
provided by Sections 2.416 and 2.424 of the Employees Pension Plan. The motion was
duly seconded and carried unanimously.
4.3 Approve the request of employees Pasquale Calabrese, Police Department and
Peggy Franco, Planning and Development Services Department, to vest their
pensions as provided by Section 2.419 of the Employees Pension Plan.
Pasquale Calabrese, Police Officer, Police Department, was employed by the City
on May 20, 2003, and began participating in the Pension Plan on that date. Mr.
Calabrese terminated from City employment on August 20, 2013.
Peggy Franco, Code Enforcement Inspector, Planning and Development Services
Department, was employed by the City on February 25, 2002 and began
participating in the Pension Plan on that date. Ms. Franco terminated from City
employment on January 29, 2014.
The Employees' Pension Plan provides that should an employee cease to be an
employee of the City of Clearwater or change status from full-time to part-time
after completing ten or more years of creditable service (pension participation),
such employee shall acquire a vested interest in the retirement benefits. Vested
Pension Trustees 2014-03-17 3
pension payments commence on the first of the month following the month in
which the employee normally would have been eligible for retirement.
Section 2.416 provides for normal retirement eligibility for non - hazardous duty
employees hired prior to the effective date of this reinstatement (January 1, 2013),
a member shall be eligible for retirement following the earlier of the date on which
a participant has reached the age of 55 years and completed twenty years of
credited service; the date on which a participant has reached age sixty -five years
and completed ten years of credited service; or the date on which a member has
completed thirty years of service regardless of age. For non - hazardous duty
employees hired on or after the effective date of this restatement, a member shall
be eligible for retirement following the earlier of the date on which a participant
has reached the age of sixty years and completed twenty -five years of credited
service; or the date on which a participant has reached the age of sixty -five years
and completed ten years of credited service. Ms. Franco will meet the non-
hazardous duty criteria and begin collecting a pension in March 2032.
Section 2.416 provides for normal retirement eligibility for hazardous duty
employees, a member shall be eligible for retirement following the earlier of the
date on which the participant has completed twenty years of credited service
regardless of age, or the date on which the participant has reached fifty -five years
and completed ten years of credited service. Mr. Calabrese will meet the
hazardous duty criteria and be eligible for a normal retirement in April 2019.
Trustee Paul Gibson moved to approve the request of employees Pasquale Calabrese,
Police Department and Peggy Franco, Planning and Development Services
Department, to vest their pensions as provided by Section 2.419 of the Employees
Pension Plan. The motion was duly seconded and carried unanimously.
5. Other Business — None.
6. Adjourn
The meeting adjourned at 1:08 p.m.
Attest
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City Clerk
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Chair
ployees' Pension Plan Trustees
Pension Trustees 2014 -03 4
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