06/02/1997 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
June 2, 1997
The City Commission of the City of Clearwater, meeting as the Board of Trustees of the Employees' Pension Fund, met in regular session at City Hall, Monday, June 2, 1997 at 1:00 P.M.,
with the following members present:
Rita Garvey Chairperson
J. B. Johnson Trustee
Robert Clark Trustee
Ed Hooper Trustee
Karen Seel Trustee
Elizabeth M. Deptula City Manager
Pamela K. Akin City Attorney
Cynthia E. Goudeau City Clerk
ITEM #2 - Minutes:
Trustee Johnson moved to approve the minutes of the April 28, 1997, meeting. The motion was duly seconded and carried unanimously.
ITEM #3 - Request for Acceptance into Membership:
The City Manager presented the recommendation of the Pension Advisory Committee to approve membership for the employee(s) listed below:
a) Madona Hoke
b) Stacey Sterling
c) Sara E. Agrait
d) Yolanda Franklin
e) John Clarkson
f) Rudy V. Chassion
g) Traci L. Tennell
Trustee Hooper moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #4 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory Committee that Robert Davidson be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees'
Pension Plan.
Robert Davidson was employed on July 26, 1964, and his pension service credit is effective on that date. His pension will be effective on August 1, 1997.
Mr. Davidson’s pension was approved by the PAC on May 8, 1997. Section 2.393 (p) provides for normal retirement eligibility when a participant has completed twenty years of credited
service in a type of employment described as “hazardous duty” and further specifically defines service as a Fire Chief as meeting the hazardous duty criteria.
Based on an average salary of approximately $74,600 per year over the past five years, the formula for computing regular pensions, and Mr. Davidson’s selection of the 100% Joint & Survivor
Annuity, this pension will approximate $65,888 annually.
Trustee Hooper moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #5 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory Committee that Robert Heine, Sr. be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees'
Pension Plan.
Robert Heine, Sr. was employed on June 13, 1977, and his pension service credit is effective on that date. His pension will be effective on July 1, 1997.
Mr. Heine’s pension was approved by the PAC on May 8, 1997. Section 2.393 (p) provides for normal retirement eligibility when a participant has completed twenty years of credited service
in a type of employment described as “hazardous duty” and further specifically defines service as a Police Officer as meeting the hazardous duty criteria.
Based on an average salary of approximately $39,272 per year over the past five years, the formula for computing regular pensions, and Mr. Heine’s selection of the 50% Joint & Survivor
Annuity, this pension will approximate $22,255 annually.
Trustee Clark moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #6 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory Committee that Gregory Hoover be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees' Pension
Plan.
Gregory Hoover was employed on October 10, 1977, and his pension service credit is effective on that date. His pension will be effective on November 1, 1997.
Mr. Hoover’s pension was approved by the PAC on May 8, 1997. Section 2.393 (p) provides for normal retirement eligibility when a participant has completed twenty years of credited service
in a type of employment described as “hazardous duty” and further specifically defines service as a Fire Lieutenant as meeting the hazardous duty criteria.
Based on an average salary of approximately $43,767 per year over the past five years, the formula for computing regular pensions, and Mr. Hoover’s selection of the 100% Joint & Survivor
Annuity, this pension will approximate $23,842 annually.
Trustee Johnson moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #7 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory Committee that William James be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees' Pension
Plan.
William James was employed on December 13, 1971, and his pension service credit is effective on that date. His retirement was effective on May 1, 1997.
Mr. James’ pension was approved by the PAC on May 8, 1997. Section 2.393 (p) provides for normal retirement eligibility when a participant has completed twenty years of credited service
in a type of employment described as “hazardous duty” and further specifically defines service as a Firefighter as meeting the hazardous duty criteria.
Based on an average salary of approximately $37,912 per year over the past five years, the formula for computing regular pensions, and Mr. James’ selection of the Joint & Survivor Annuity,
this pension will approximate $26,450 annually.
Trustee Hooper moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #8 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory Committee that Patricia Voorhees be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees'
Pension Plan.
Patricia Voorhees was employed on May 13, 1968, and her pension service credit is effective on that date. Her pension will be effective on June 1, 1998.
Ms. Voorhees’ pension was approved by the PAC on May 8, 1997. Section 2.393 (p) provides for normal retirement eligibility when a participant reaches age 55 and has completed twenty
years of credited service or has completed thirty years of credited service. Ms. Voorhees qualifies under both criteria.
Based on an average salary of approximately $26,211 over the past five years, the formula for computing regular pensions, and Ms. Voorhees’ selection of the 50% Joint & Survivor Annuity,
this pension will approximate $22,506 annually.
Trustee Seel moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #9 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory Committee that Billy Johnson be granted a regular pension under Section(s) 2.393 and 2.397 of the Employees' Pension
Plan.
Billy Johnson was employed on December 26, 1973, and his pension service credit is effective on that date. His pension was effective on June 1, 1997.
Mr. Johnson’s pension was approved by the PAC on May 8, 1997. Section 2.393 (p) provides for normal retirement eligibility when a participant reaches age 55 and has completed twenty
years of credited service or has completed thirty years of credited service. Mr. Johnson qualifies under the twenty years of service and age 55 criteria.
Based on an average salary of approximately $24,046 over the past five years, the formula for computing regular pensions, and Mr. Johnson’s selection of the Joint & Survivor Annuity,
this pension will approximate $15,384 annually.
Trustee Johnson moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #10 - Other Business: - None.
ITEM #11 - Adjournment:
The meeting adjourned at 1:02 p.m.