06/14/1999
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
June 14, 1999
Present: Brian J. Aungst Chair
Ed Hooper Vice-Chair/Trustee
J. B. Johnson Trustee
Robert Clark Trustee
Ed Hart Trustee
Also Present: Michael J. Roberto City Manager
Pamela K. Akin City Attorney
Cynthia E. Goudeau City Clerk
Patricia O. Sullivan Board Reporter
The Chair called the meeting to order at 1:11 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 June 1, 1999, 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 employees listed below:
Johnnie Allen
Robert Scott
Amy Mobley
Michael Tennell
Amy Ruscher
Larry Labus
Gary L. Jones
Robert Defrez
Nicole Elmore
Scott Smith
Tracy Jaeger
Christine Burg
Cherise Sarnoff
Donald Fleming
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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
Rosavelt Parker, James R. Davis, and Jean Strandlieregular pensions
that be granted a
under Section(s) 2.393 and 2.397 of the Employees' Pension Plan.
Rosavelt Parker was employed on September 24, 1973, and his pension service credit
is effective on March 25, 1974. His pension will be effective May 1, 1999. Based on an
average salary of approximately $34,976 per year over the past five years, the formula for
computing regular pensions, and Mr. Parker's selection of the Joint & Survivor Annuity, this
pension will approximate $24,142 annually.
James R. Davis was employed on June 16, 1972, and his pension service credit is
effective on December 16, 1972. His pension will be effective July 1, 1999. Based on an
average salary of approximately $32,613 per year over the past five years, the formula for
computing regular pensions, and Mr. Davis' selection of the 100% Joint & Survivor Annuity,
this pension will approximate $22,933 annually.
Jean Strandlie was employed on April 1, 1968, and her pension service credit is
effective on October 1, 1968. Her pension will be effective December 1, 1999. Based on an
average salary of approximately $31,184 per year over the past five years, the formula for
computing regular pensions, and Ms. Strandlie's selection of the 10-Year Certain & Life
Annuity, this pension will approximate $29,153 annually.
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. Parker and Mr. Davis qualify under the age 55 and 20 years of service
criteria. Ms. Strandlie qualifies under both criteria. The PAC (Pension Advisory Committee
recommended approval on May 13, 1999.
Trustee Clark 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 1:13 p.m.
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