05/04/1998
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
May 4, 1998
Present: Rita Garvey Chair
Ed Hooper Vice-Chair/Trustee
J. B. Johnson Trustee
Robert Clark Trustee
Karen Seel Trustee
Michael J. Roberto City Manager
Pamela K. Akin City Attorney
Mary K. Diana Assistant City Clerk
Brenda Moses Board Reporter
The Chair called the meeting to order at 9:00 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 April 13, 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) Catherine Ippolito
b) Gary Sheftel
c) Karma Killian
d) Laura D’Amico
Trustee Johnson 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
Richard Jones, Calvin Mitchum, William Zellner, and Jasper Campbell
that be granted
regular pensions
under Section(s) 2.393 and 2.397 of the Employees' Pension Plan.
Richard Jones was employed on July 9, 1970, and his pension service credit is
effective that date. His pension will be effective on May 1, 1999.
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Based on an average salary of approximately $39,483 per year over the past five
years, the formula for computing regular pensions, and Mr. Jones’ selection of the 100% Joint
& Survivor Annuity, this pension will approximate $29,846 annually.
Calvin Mitchum was employed on October 3, 1966, and his pension service credit is
effective April 3, 1967. His pension will be effective on May 1, 1998.
Based on an average salary of approximately $42,055 per year over the past five
years, the formula for computing regular pensions, and Mr. Mitchum’s selection of the Joint &
Survivor Annuity, this pension will approximate $36,035 annually.
William Zellner was employed on May 21, 1973, and his pension service credit is
effective November 21, 1973. His pension will be effective on June 1, 1998.
Based on an average salary of approximately $38,028 per year over the past five
years, the formula for computing regular pensions, and Mr. Zellner’s selection of the Joint &
Survivor Annuity, this pension will approximate $25,563 annually.
Jasper Campbell was employed on December 17, 1973, and his pension service credit
is effective June 29, 1974. His pension will be effective on April 1, 1998.
Based on an average salary of approximately $40,641 per year over the past five
years, the formula for computing regular pensions, and Mr. Campbell’s selection of the 50%
Joint & Survivor Annuity, this pension will approximate $26,583 annually
Mr. Jones, Mr. Mitchum, Mr. Zellner, and Mr. Campbell’s pensions were approved by
the PAC on April 9, 1998. Section 2.393 (p) provides for normal retirement eligibility when a
participant has reached age 55 and completed twenty years of credited service or has
completed thirty years of credited service. Mr. Jones and Mr. Zellner qualify under the age 55
and 20 years of service criteria. Mr. Mitchum qualifies under both criteria. Section 2.393 (p)
also 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. Mr. Campbell qualifies
under the hazardous duty criteria.
Trustee Hooper moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #5 - Other Business
A question was raised regarding how the overpayment to City retiree, Thomas Pearson,
discussed at the April 9, 1998 Pension Advisory Committee Meeting, occurred. Staff to
respond.
ITEM #6 - Adjournment: - 9:03 a.m.
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