08/04/1997 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
August 4, 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, August 4, 1997 at 9:00 A.M.,
with the following members present:
Rita Garvey Chairperson
J. B. Johnson Trustee
Robert Clark Trustee
Ed Hooper Trustee
Karen Seel Trustee
Michael J. Roberto City Manager
Pamela K. Akin City Attorney
Mary K. “Sue” Diana Assistant City Clerk
ITEM #2 - Minutes:
Trustee Hooper moved to approve the minutes of the July 14, 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) David Marshall
b) Joanne Levy
c) Jeffrey Kehrer
d) Jonathan Oludumila
e) Randall Bulger
f) Sergio Sierra
g) William Meyer
h) Clyde Renfroe
i) Anthony Pearn
j) William Hodgson
k) Wendy Tolbert
l) Michael Mitchess
m) Stephanie Skyrme
n) Tonya M. Bonds
Trustee Johnson 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 Frank Palombo, Robert S. Anderson and Donald D. Reed be granted regular pensions under Section(s)
2.393 and 2.397 of the Employees' Pension Plan.
Frank Palombo was employed on March 28, 1977, and his pension service credit is effective on that date. His pension will be effective on August 1, 1997.
Based on an average salary of approximately $57,714 per year over the past five years, the formula for computing regular pensions, and Mr. Palombo’s selection of the 100% Joint & Survivor
Annuity, this pension will approximate $31,528 annually.
Robert S. Anderson was employed on March 21, 1977, and his pension service credit is effective on June 18, 1977. His retirement will be effective on August 1, 1997.
Based on an average salary of approximately $39,984 per year over the past five years, the formula for computing regular pensions, and Mr. Anderson’s selection of the 50% Joint & Survivor
Annuity, this pension will approximate $22,709 annually.
Donald D. Reed was employed on October 28, 1974, and his pension service credit is effective on April 21, 1975. His retirement will be effective on July 1, 1997.
Based on an average salary of approximately $41,575 per year over the past five years, the formula for computing regular pensions, and Mr. Reed’s selection of the 100% Joint & Survivor
Annuity, this pension will approximate $24,926 annually.
Mr. Palombo’s, Mr. Anderson’s, and Mr. Reed’s pensions were approved by the PAC on July 10, 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 Captain or Police Officer as meeting
the hazardous duty criteria.
Trustee Hooper moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #5 - Death Benefit to be Granted:
The City Manager presented the recommendation of the Pension Advisory Committee that Patricia A. Renner, widow of Jeffrey A. Renner, be granted a death benefit under Section 2.397 of
the Employees' Pension Plan.
Jeffrey A. Renner was employed on February 14, 1977, and his pension service credit is effective on that date. Mr. Renner passed away on August 6, 1996. Patricia A. Renner, widow
of Jeffrey Renner, applied for death benefits on June 26, 1997. Mr. and Mrs. Renner were legally married on April 19, 1985, thereby entitling her to death benefits under provisions
of the City’s Pension Plan.
Mrs. Renner’s request for death benefits was approved by the PAC on July 10, 1997. The amount of Mrs. Renner’s pension will be computed by the Finance Department. This pension will
be effective September 1, 1996.
Based on an average salary of approximately $37,393 per year over the past five years and the formula for computing death benefits, Mrs. Renner’s benefit will approximate $20,032 annually.
Mike Laursen, Human Resources Director, reviewed the case. He stated Jeffrey Renner had approximately 19½ years of service as a firefighter with the City of Clearwater. Patricia Renner
is the designated beneficiary of the death benefit pension.
In response to questions, Mr. Laursen indicated Mrs. Renner will receive a standard survivor benefit, the death benefit has been approved by the PAC, and Mrs. Renner will receive the
benefit in a lump sum effective September 1996.
Trustee Johnson moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #6 - Other Business: - None.
ITEM #7 - Adjournment:
The meeting adjourned at 9:03 a.m.