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03/17/2014 PENSION TRUSTEES AGENDA Location: Council Chambers - City Hall Date: 3/17/2014- 1:00 PM 1. Call to Order 2. Approval of Minutes 2.1Approve the minutes of the February 18, 2014 Pension Trustees meeting as submitted in written summation by the City Clerk. Attachments 3. Citizens to be Heard re Items Not on the Agenda 4. Pension Trustee Items 4.1Approve the new hires for acceptance into the Pension Plan as listed. Attachments 4.2Approve 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. Attachments 4.3Approve 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. Attachments 5. Other Business 6. Adjourn Pension Trustees Agenda Council Chambers - City Hall Meeting Date:3/17/2014 SUBJECT / RECOMMENDATION: Approve the minutes of the February 18, 2014 Pension Trustees meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: Cover Memo Item # 1 CRA 2014-02-18 1 TRUSTEES OF THE EMPLOYEES’ PENSION FUND MEETING MINUTES CITY OF CLEARWATER February 18, 2014 Present: Chair/Trustee George N. Cretekos, Trustee Paul Gibson, Trustee Doreen Hock-DiPolito, Trustee Bill Jonson, Trustee Jay E. 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. Unapproved 1. Call to Order – Chair George Cretekos The meeting was called to order at 9:08 a.m. at City Hall. 2. Approval of Minutes 2.1 Approve the minutes of the January 13, 2014 Pension Trustees meeting as submitted in written summation by the City Clerk. Trustee Bill Jonson moved to approve the minutes of the January 13, 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 Kimberly Handville, Customer SvcRep, Cust Svc Dept 12/02/2013 12/02/2013 Molly Hays, Library Assistant, Library Department 12/15/2013 12/15/2013 Michael Johnson, Police Comm Oper, Police Dept 12/15/2013 12/15/2013 Thomas C. Miller, Solid Waste Worker, Solid Waste Dept 12/16/2013 12/16/2013 Draft Attachment number 1 \nPage 1 of 3 Item # 1 CRA 2014-02-18 2 Calvin Dollard, Solid Waste Worker, Solid Waste Dept 12/16/2013 12/16/2013 Charles Stewart, Customer Svc Rep, Customer Svc Dept 12/16/2013 12/16/2013 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 employee Stephen Bohling, Police Department, for a regular pension as provided by Sections 2.416 and 2.424 of the Employees Pension Plan. Stephen Bohling, Police Officer, Police Department, was employed by the City on July 29, 1991 and his pension service credit is effective on that date. His pension will be effective January 1, 2014. Based on an average salary of approximately $75,981.41 over the past five years, the formula for computing regular pensions and Mr. Bohling’s selection of the 100% Joint and Survivor Annuity, this pension benefit will be approximately $45,788.04 annually. 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. Bohling meets the hazardous duty criteria. Trustee Jay Polglaze moved to approve the following request of employee Stephen Bohling, Police 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. 5. Other Business – None. 6. Adjourn The meeting adjourned at 9:10 a.m. Chair Employees’ Pension Plan Trustees Attest Draft Attachment number 1 \nPage 2 of 3 Item # 1 CRA 2014-02-18 3 City Clerk Draft Attachment number 1 \nPage 3 of 3 Item # 1 Pension Trustees Agenda Council Chambers - City Hall Meeting Date:3/17/2014 SUBJECT / RECOMMENDATION: Approve the new hires for acceptance into the Pension Plan as listed. SUMMARY: 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 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 Serv 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 Review Approval: Cover Memo Item # 2 Pension Trustees Agenda Council Chambers - City Hall Meeting Date:3/17/2014 SUBJECT / RECOMMENDATION: 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. SUMMARY: 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. Section 2.416 provides for normal retirement eligibility for non-hazardous duty employees hired prior to the effective date of this reinstatement (1/1/13), 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 (20) years of credited service; the date on which a participant has reached age sixty five (65) years and completed ten (10) years of credited service; or the date on which a member has completed thirty (30) 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 (60) years and completed twenty five (25) years of credited service; or the date on which a participant has reached the age of sixty five (65) years and completed ten (10) 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 (20) 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. Review Approval: Cover Memo Item # 3 Attachment number 1 \nPage 1 of 15 Item # 3 Attachment number 1 \nPage 2 of 15 Item # 3 Attachment number 1 \nPage 3 of 15 Item # 3 Attachment number 1 \nPage 4 of 15 Item # 3 Attachment number 1 \nPage 5 of 15 Item # 3 Attachment number 1 \nPage 6 of 15 Item # 3 Attachment number 1 \nPage 7 of 15 Item # 3 Attachment number 1 \nPage 8 of 15 Item # 3 Attachment number 1 \nPage 9 of 15 Item # 3 Attachment number 1 \nPage 10 of 15 Item # 3 Attachment number 1 \nPage 11 of 15 Item # 3 Attachment number 1 \nPage 12 of 15 Item # 3 Attachment number 1 \nPage 13 of 15 Item # 3 Attachment number 1 \nPage 14 of 15 Item # 3 Attachment number 1 \nPage 15 of 15 Item # 3 Pension Trustees Agenda Council Chambers - City Hall Meeting Date:3/17/2014 SUBJECT / RECOMMENDATION: 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. SUMMARY: 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 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 (1/1/13), 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 (20) years of credited service; the date on which a participant has reached age sixty five (65) years and completed ten (10) years of credited service; or the date on which a member has completed thirty (30) 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 (60) years and completed twenty five (25) years of credited service; or the date on which a participant has reached the age of sixty five (65) years and completed ten (10) 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 (20) 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. Mr. Calabrese will meet the hazardous duty criteria and be eligible for a normal retirement in April 2019. Review Approval: Cover Memo Item # 4 Attachment number 1 \nPage 1 of 2 Item # 4 Attachment number 1 \nPage 2 of 2 Item # 4