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03/16/1998 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING CITY OF CLEARWATER March 16, 1998 Present: J. B. Johnson Vice-Chair/Trustee Robert Clark 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 Ed Hooper Trustee The Vice-Chair called the meeting to order at 9:20 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 Seel moved to approve the minutes of the February 2, 1998, meeting, as motioncarried corrected by the City Clerk to each Trustee. The 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) Robert Jones b) Deborah Weitzel c) Damian Leffler d) Ken Sides e) Kathleen Bedini f) Daniel Parri g) David Hinves h) Mark Slimer i) John C. Connor j) Stephen M. Meeker k) Kris M. Wise l) Troy Alexander m) Derrick L. Bullard n) Suzanne H. Sobkowiak o) Lisa M. Enger p) Keisha N. Bradley mpf0398 1 03/16/98 q) Philip Morrison r) Stephen T. Wannos s) Nancy M. Steiner t) Mary L. Burns u) Dino Roumanis v) Russell Dunning Trustee Clark 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 Paul Maserregular pension that be granted a under Section(s) 2.393 and 2.397 of the Employees' Pension Plan. Paul Maser was employed on October 28, 1974, and his pension service credit is effective that date. His pension will be effective on February 1, 1999. Mr. Maser’s pension was approved by the PAC on February 12, 1998. 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 Deputy Police Chief as meeting the hazardous duty criteria. Based on an average salary of approximately $64,908 per year over the past five years, the formula for computing regular pensions, and Mr. Maser’s selection of the 100% Joint & Survivor Annuity, this pension will approximate $42,809 annually. Trustee Seel moved to accept the recommendation of the Pension Advisory motioncarried Committee. The was duly seconded and unanimously. ITEM #5 - Informational only: Job-Connected Disability Pension approved for James Cheatum by PAC At its meeting of February 12, 1998, the PAC approved a job-connected disability pension for James Cheatum. Pursuant to Section 2.394(e)(1)(G) and 2.397(c)(2) of Ordinance #5890-95, the PAC is authorized to investigate and determine the eligibility of participants for disability pension and to grant final approval. Mr. Cheatum was employed on October 13, 1980, and began participating in the Pension Plan on June 15, 1989. His resignation date is to be determined at a later date upon expiration of his benefits. Mr. Cheatum’s pension was approved by the PAC based on his disability which is described as a back and foot injury. Under procedures established by the PAC for disability mpf0398 2 03/16/98 pensions, Mr. Cheatum submitted letters form two doctors, was sent for an independent medical evaluation (IME), and had a functional capacity evaluation. Dr. Gary Moskovitz states, “I do not see him being able to return to work to his previous occupation.” Dr. Bolhofner states, “he is capable of sedentary duty.” Since submitting his original application, Mr. Cheatum has been declared totally and permanently disabled by Workers’ Compensation. Based on an average salary of approximately $34,512 per year over the past five years, the formula for computing job-connected disability pensions, and Mr. Cheatum’s selection of the 100% Joint & Survivor Annuity, this pension will approximate $23,008 annually. motion Trustee Clark moved to approve the information received. The was duly carried seconded and unanimously. ITEM #6 - Other Business: Trustee Clark reported in the future when accepting memberships, background will include information regarding impact in terms of Full Time Equivalents (FTEs). ITEM #7 - Adjournment: The meeting adjourned at 9:23 a.m. mpf0398 3 03/16/98