04/13/1998
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
April 13, 1998
Present: Rita Garvey Chair
J. B. Johnson 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
The Chair called the meeting to order at 1:15 p.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 Johnson moved to approve the minutes of the March 16, 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) Robert F. Guercia
b) Keith Downs
c) Karl Pople
d) Teresa Mancini
Trustee Hooper 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
James E. Goodloe and Sylvester Parker regular pensions
that be granted under Section(s)
2.393 and 2.397 of the Employees' Pension Plan.
James Goodloe was employed on May 19, 1975, and his pension service credit is
effective November 17, 1975. His pension will be effective on April 1, 1998.
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Based on an average salary of approximately $52,479 per year over the past five
years, the formula for computing regular pensions, and Mr. Goodloe’s selection of the 75%
Joint & Survivor Annuity, this pension will approximate $32,365 annually.
Sylvester Parker was employed on June 28, 1967, and his pension service credit is
effective that date. His pension will be effective on July 1, 1998.
Based on an average salary of approximately $33,187 per year over the past five
years, the formula for computing regular pensions, and Mr. Parker’s selection of the 100%
Joint & Survivor Annuity, this pension will approximate $27,549 annually.
Mr. Goodloe’s and Mr. Parker’s pensions were approved by the PAC on March 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 Fire Marshal as meeting the hazardous duty
criteria. Mr. Goodloe qualifies under the hazardous duty criteria. Section 2.393 (p) also
provide for normal retirement eligibility when a participant has reached age 55 and completed
twenty years of credited service or has completed 30 years of credited service. Mr. Parker
qualifies under both criteria.
Trustee Hooper moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #5 - Request to Vest Pension:
The City Manager presented the recommendation of the Pension Advisory Committee
Sidney Roberts vest his pension
that be allowed to under Section(s) 2.397 and 2.398 of the
Employees' Pension Plan.
Sidney Roberts was employed on December 18, 1972, and his pension service credit is
effective on that date. His pension will be effective on April 1, 2001.
The Employee’s Pension Plan provides that should an employee cease to be an
employee of the City of Clearwater after completing ten or more years of creditable service
(pension participation), then such employee shall acquire a vested interest in the retirement
benefits. Vested pension payments commence at the time the employee normally would have
been eligible for retirement. Mr. Roberts would have completed at least twenty years of
service and reached age 55 on March 10, 2001. His request to vest his pension was approved
by the PAC on March 12, 1998, and will be effective April 1, 2001.
Trustee Johnson moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #6 - Other Business
a) Request to file interpleader action in circuit court re release of pension fund moneys of
Dennis Thurston
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Patrick Esposito, who is recognized by the Social Security Administration as the
guardian of Joshua Thurston (a disabled minor), has requested the release of pension fund
moneys which may be due to Joshua Thurston, as a result of the death of Joshua’s father in
1993, former City employee Dennis Thurston. Deborah Thurston, Joshua’s mother, has also
since passed away.
Concern was expressed regarding reimbursing the City Attorney’s costs for work
performed for the Pension Plan. This will be brought forward in the future.
Trustee Hooper moved to approve filing an interpleader action in circuit court to
determine the amount and payee for the pension fund moneys of Dennis Thurston. The
motioncarried
was duly seconded and unanimously.
ITEM #7 - Adjournment:
The meeting adjourned at 1:20 p.m.
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