02/02/1998
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
February 2, 1998
Present: J. B. Johnson Vice-Chair/Trustee
Robert Clark Trustee
Ed Hooper Trustee
Karen Seel Trustee
Michael J. Roberto City Manager
Pamela K. Akin City Attorney
Cynthia E. Goudeau City Clerk
Brenda Moses Board Reporter
Absent: Rita Garvey Chair
The Vice-Chair called the meeting to order at 9:03 a.m. at City Hall.
To provide continuity for research, items are in agenda order although not necessarily
discussed in that order.
ITEM #2 - Approval of Minutes
Trustee Hooper moved to approve the minutes of the January 12, 1998, meeting, as
motion
recorded and submitted in written summation by the City Clerk to each Trustee. The
carried
was duly seconded and 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) Reina Carbajal
b) Jennifer Gross
c) Agustin Menchaca
d) Philip Ruppel
Trustee Seel moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #4 - Request for Pension:
The City Manager presented the recommendation of the Pension Advisory Committee
Jessie Bell, Joseph Arecco, and George Tucker regular pensions
that be granted under
Section(s) 2.393 and 2.397 of the Employees' Pension Plan.
Jessie Bell was employed on April 5, 1967, and his pension service credit is effective
that date. His pension will be effective on February 1, 1998.
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Based on an average salary of approximately $29,126 per year over the past five
years, the formula for computing regular pensions, and Mr. Bell’s selection of the Joint and
Survivor Annuity, this pension will approximate $24,625 annually.
Jopseph Arecco was employed on April 3, 1978, and his pension service credit is
effective that date. His retirement will be effective on May 1, 1998.
Based on an average salary of approximately $37,079 per year over the past five
years, the formula for computing regular pensions, and Mr. Arecco’s selection of the 100%
Joint and Survivor Annuity, this pension will approximate $19,812 annually.
George Tucker was employed on February 20, 1968, and his pension service credit is
effective that date. His retirement will be effective on March 1, 1998.
Based on an average salary of approximately $31,095 per year over the past five
years, the formula for computing regular pensions, and Mr. Tucker’s selection of the Joint and
Survivor Annuity, this pension will approximate $25,656 annually.
Trustee Seel moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #5 - Other Business - None.
ITEM #6 - Adjournment:
The meeting adjourned at 9:04 a.m.
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