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06/16/2014 Pension Trustees Meeting Minutes June 16, 2014 City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 e d s w r' �mu Meeting Minutes Monday, June 16, 2014 1 :00 pm Council Chambers Pension Trustees Page 1 City of Clearwater Pension Trustees Meeting Minutes June 16, 2014 Rollcall Present 4 - Chair George N. Cretekos, Trustee Doreen Hock-DiPolito, Trustee Bill Jonson, and Trustee Hoyt Hamilton Absent 1 - 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. 1. Call To Order - Chair Cretekos The meeting was called to order at 1:55 p.m. at City Hall. 2. Approval of Minutes 2.1 Approve the minutes of the May 12, 2014 Pension Trustees meeting as submitted in written summation by the City Clerk. Trustee Jonson moved to approve the minutes of the May 12, 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 Regarding Items Not on the Agenda - None. 4. New Business Items 4.1 Approve the new hires for acceptance into the Pension Plan as listed. Pension Name, Job. Class, & Dept./Div. Elig. Date John Devore, Stormwater Technician I, Public Utilities Department 04/07/2014 David Morris, Wastewater Operator Trainee, Public Utilities Department 04/07/2014 Jason Flathman, Custodian, Police Department 04/21/2014 Michael Scanlon, Equipment Operator, Parks and Recreation 04/21/2014 Department Stephen Cross, Electronics Technician, Public Utilities Department 04/21/2014 John Chadwick, Waste Water Trt Plant OpTrainee, Public Utilities Dept 04/21/2014 Page 2 City of Clearwater Pension Trustees Meeting Minutes June 16, 2014 John Phipps, Waste Water Trt Plant Op Trainee, Public Utilities Dept 04/21/2014 Erik Barber, Stormwater Technician I, Public Utilities Department 04/21/2014 Kevin Muscarella,Waste Water Trt Plant OpTrainee, Public Utilities Dept 04/21/2014 David Lawrence, Firefighter, Clearwater Fire and Rescue Department 04/21/2014 Ryan Bessler, Firefighter, Clearwater Fire and Rescue Department 04/21/2014 Andrew Eddinger, Firefighter, Clearwater Fire and Rescue Department 04/21/2014 Michael Billian, Firefighter, Clearwater Fire and Rescue Department 04/21/2014* Michael Jaso, Firefighter, Clearwater Fire and Rescue Department 04/21/2014 Simeon Johnson, Firefighter, Clearwater Fire and Rescue Department 04/21/2014 Victoria Martin, Firefighter, Clearwater Fire and Rescue Department 04/21/2014 Collin Ettienne, Firefighter, Clearwater Fire and Rescue Department 04/21/2014 *Mr. Billian is transferring from a non-hazardous duty position to a hazardous duty position. He was originally hired in the Fleet/General Services Department on March 17, 2008 and was approved to be in the pension plan at that time, but will need to now meet the hazardous duty criteria in order to retire from the City under hazardous eligibility requirements. Trustee 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 James Keller, Fire Department, Oliver Matthews, Solid Waste and General Services Department and Marco Ortega, Parks and Recreation Department, to vest their pensions as provided by Section 2.419 of the Employees' Pension Plan. James Keller, Fire Inspector II, Fire Department, was employed by the City on March 22, 2004, and began participating in the Pension Plan on that date. Mr. Keller terminated from City employment on April 19, 2014. Oliver Matthews, Solid Waste Worker, Solid Waste and General Services Department, was employed by the City on June 27, 1994 and began participating in the Pension Plan on that date. Mr. Oliver terminated from City employment on April 5, 2014. Marco Ortega, Heavy Equipment Operator, Parks and Recreation Department, was employed by the City on September 12, 1998 and began participating in the Pension Plan on that date. Mr. Ortega terminated from City employment on April 17, 2014. The Employees' Pension Plan provides that should an employee cease to be Page 3 City of Clearwater Pension Trustees Meeting Minutes June 16, 2014 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 (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 fifty-five 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. Matthews and Mr. Ortega will meet the non-hazardous duty criteria and begin collecting pensions in July 2014 and October 2018, respectively. 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. Keller will meet the hazardous duty criteria and begin collecting pension in August 2015. Trustee Hamilton moved to approve the following request of employees James Keller, Fire Department, Oliver Matthews, Solid Waste and General Services Department and Marco Ortega, Parks and Recreation Department, to vest their pensions as provided by Section 2.419 of the Employees' Pension Plan. The motion was duly seconded and carried unanimously. 4.3 Approve the following request of employees John Coombs, Gas Department, Vincent Mohr, Police Department, Allen Stidham, Parks and Recreation Department, and Robert Tellone, Fire Department, for a regular pension as provided by Sections 2.416 and 2.424 of the Employees' Pension Plan. Page 4 City of Clearwater Pension Trustees Meeting Minutes June 16, 2014 John Coombs, Gas Technician II, Gas Department, was employed by the City on December 13, 1993 and his pension service credit is effective on that date. His pension will be effective June 1, 2014. Based on an average salary of approximately $45,963.69 over the past five years, the formula for computing regular pensions and Mr. Coombs' selection of the 100% Joint and Survivor Annuity, this pension benefit will be approximately $24,180 annually. Vincent Mohr, Communications Supervisor, Police Department, was employed by the City on October 12, 1987 and his pension service credit is effective on that date. His pension will be effective on August 1, 2014. Based on an average salary of approximately $56,871.99 over the past five years, the formula for computing regular pensions and Mr. Mohr's selection of the 10 Year Certain and Life Annuity with a 30% Lump Sum Distribution, this pension benefit will be approximately $28,992.36 annually. Allen Stidham, Parks Service Supervisor I, Parks and Recreation Department, was employed by the City on November 4, 1991 and his pension service credit is effective on that date. His pension will be effective June 1, 2014. Based on an average salary of approximately $48,762.39 over the past five years, the formula for computing regular pensions and Mr. Stidham's selection of the 50% Joint and Survivor Annuity, this pension benefit will be approximately $31,800.48 annually. Robert S. Tellone, Fire Medic Lieutenant, Fire Department, was employed by the City on September 28, 1987 and his pension service credit is effective on that date. His pension will be effective May 1, 2014. Based on an average salary of approximately $97,540.73 over the past five years, the formula for computing regular pensions and Mr. Tellone's selection of the Single Life Annuity, this pension benefit will be approximately $75,387.84 annually. 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 fifty-five 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. Coombs, Mr. Mohr, and Mr. Stidham have met the non-hazardous duty criteria. Page 5 City of Clearwater Pension Trustees 5. Adjourn Meeting Minutes June 16, 2014 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. Tellone has met the hazardous duty criteria. Trustee Jonson moved to approve the following request of employees John Coombs, Gas Department, Vincent Mohr, Police Department, Allen Stidham, Parks and Recreation Department, and Robert Tellone, Fire 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. The meeting adjourned at 1:57 p.m. gQAne1,cc<\4of a' V ATO Chair Attest 4�,�..' "" -�!�' Employees' Pension Plan Trustees —� %.J 12" City of Clearwater Page 6