10/04/1999
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
October 4, 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
Lee Dehner Pension Trustee Attorney
Paul D. O’Rourke Human Resources Administrator
Cynthia E. Goudeau City Clerk
Patricia O. Sullivan Board Reporter
The Chair called the meeting to order at 9:02 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 September 13, 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 PAC (Pension Advisory Committee) recommendation
to approve membership for the employees listed below:
Dina Katsougrakis
Gwen Hollander
Theron Winston
Markus DeBose
Whitney Frank
Jon Lopez
Robert Keane
Michael Jones
Michael Hutto
Jevon Graham
Joseph Conners
Willie Hoston, Sr.
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Matthew Johnson
Robert T. Smith
Michele Smith
Brian Langille
Kirkwood Hepburn
David Yawn
Robin Reed
Edward Tumber
Robert Hanson
Kirk Smith
Steve Berenguer
John H. Martin
Willie Jones
Abraham Philipson
William Moran
Trustee Johnson moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #4 - Request for Pension:
Dennis Acker, Leon D.
The City Manager presented the PAC recommendation that
Davis, and Carole Ciokiewiczregular pensions
be granted under Section(s) 2.393 and
2.397 of the Employees' Pension Plan.
Dennis Acker was employed on April 17, 1972, and his pension service credit is
effective on that date. His pension will be effective November 1, 1999. Based on an average
annual salary of $45,628 over the past 5 years, the formula to compute regular pensions, and
Mr. Acker's selection of the 100% Joint & Survivor Annuity, his annual pension will approximate
$33,521.
Leon D. Davis was employed on September 15, 1975, and his pension service credit is
effective on March 16, 1976. His pension will be effective December 1, 1999. Based on an
average annual salary of $26,625 over the past 5 years, the formula to compute regular
pensions, and Mr. Davis' selection of the 50% Joint & Survivor Annuity, his annual pension will
approximate $18,058.
Carole Ciokiewicz was employed on November 12, 1969, and her pension service
credit is effective on May 12, 1970. Her pension will be effective June 1, 2000. Based on an
average annual salary of $59,994 over the past 5 years, the formula to compute regular
pensions, and Ms. Ciokiewicz' selection of the Life Annuity, her annual pension will
approximate $55,674.
The PAC approved these pensions on September 9, 1999.
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Section 2.393 (p) provides for normal retirement eligibility when a participant has
completed 20 years of credited service in a type of employment described as “hazardous duty”
and defines service as a Police Officer as meeting the hazardous duty criteria under which Mr.
Acker qualifies. Section 2.393 (p) also provides for normal retirement eligibility when a
participant has reached age 55 and completed 20 years of credited service or has completed
30 years of credited service. Mr. Davis qualifies under the age 55 and 20 years of service
criteria. Ms. Ciokiewicz qualifies under the 30 years of service 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:
Cindi R. Juster and
The City Manager presented the PAC recommendation that
Sharon Walton vest their pensions
be allowed to under Section(s) 2.397 and 2.398 of the
Employees' Pension Plan.
Cindi R. Juster was employed on March 21, 1988, and her pension service credit is
effective on that date. Sharon Walton was employed on September 14, 1981, and her
pension service credit is effective on that date.
The Employees' Pension Plan provides that should an employee cease to be an
employee of the City of Clearwater after completing 10 or more years of creditable service
(pension participation), then such employee shall acquire a vested interest in the retirement
benefits. Vested pension payments commence on the first of the month following the month in
which the employee normally would have been eligible for retirement. Section 2.393 (p)
provides for normal retirement eligibility when a participant has reached age 55 and completed
20 years of credited service or has completed 30 years of credited service.
Ms. Juster would have completed 20 years of service and reached age 55 on March
21, 2008. Her pension will be effective on April 1, 2008. Ms. Walton would have completed
20 years of service and reached age 55 on April 27, 2011. Her pension will be effective May
1, 2011.
The PAC approved these requests on September 9, 1999.
Trustee Johnson moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #6 - Other Business:
Human Resources Administrator Paul O’Rourke reported John Schmalzbauer has been
elected to the PAC.
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In response to a question, Pension Trustees Attorney Lee Dehner said the City will
need to make some changes to meet recent pension related legislation. Pension Plan Actuary
Steve Metz is calculating related actuarial costs. The City does not have to implement items
until State funds are provided to cover the additional costs. Concern was expressed long term
impacts may be expensive.
ITEM #7 - Adjournment:
The meeting adjourned at 9:06 a.m.
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