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10/09/2014 Pension Advisory Committee Meeting Minutes October 9, 2014 City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 e Meeting Minutes Thursday, October 9, 2014 9:00 AM Council Chambers - City Hall Pension Advisory Committee 1 1 City of Clearwater Pension Advisory Committee Meeting Minutes October 9, 2014 Pension Advisory Committee Present: Chair Nathan Hightower, Vice-Chair Daniel Slaughter, Committee Member Tom Jensen, Committee Member/Councilmember Bill Jonson, Committee Member/Councilmember Doreen Hock-DiPolito, Committee Member/Councilmember Hoyt Hamilton, Committee Member Laura Damico Also present: Joe Roseto — Human Resources Director, Nicole Sprague — ORLS Coordinator, 1. Call To Order 2. Approval of Minutes 2.1 Approve minutes of September 11, 2014 Pension Advisory Committee meeting as submitted in written summation. Member Hock-DiPolito moved to approve minutes of September 11, 2014 Pension Advisory Committee meeting as submitted in written summation. The motion was duly seconded and carried unanimously. 3. Citizens to be Heard Regarding Items Not on the Agenda: None 4. New Business Items 4.1 Recommend approval of the new hires for acceptance into the Pension Plan as listed. Pension Name, Job. Class, & Dept./Div. Elig. Date Kyia Price, Police Comm Operator Trainee, Police Dept 9/8/2014 Jacqueline Armstead, Comm Operator Trainee, Police Dept 9/8/2014 Wendy Ferlanie, Comm Operator Trainee, Police Department 9/8/2014 JaQuay Young, Police Comm Operator Trainee, Police Dept 9/8/2014 Lorraine Young, Accounting Clerk, Finance Department 9/8/2014 Valerie Hunter, Service Dispatcher, Gas Department 9/8/2014 Nikolas Papadopoulos, Traffic Signal Tech, Engineering Dept 9/8/2014 Patrick Competelli, Fire Inspector II, Fire Department 9/22/2014 Shawn Brown, Parking Enforcement Spec, Engineering Dept 9/22/2014 Sonja Cooper, Library Assistant, Library Department 9/22/2014 Member Jensen moved to recommend approval of the new hires for acceptance into the Pension Plan as listed. The motion was duly seconded and carried unanimously. 4.2 Recommend approval of the following request of employees Mark Behring, 2 2 City of Clearwater Pension Advisory Committee Meeting Minutes October 9, 2014 Information Technology Department; Thomas Bracalento, Police Department; Randy Cline, Marine and Aviation Department; Diane Fitzgerald, Public Communications Department; Gregory Pippins, Solid Waste General Services Department; and William Tedder, Finance Department, for a regular pension as provided by Sections 2.416 and 2.424 of the Employees' Pension Plan. Mark Behring, Senior Systems Programmer, Information Technology Department, was employed by the City on June 4, 1984 and his pension service credit is effective on that date. His pension will be effective October 1, 2014. Based on an average salary of approximately $75,392.35 over the past five years, the formula for computing regular pensions and Mr. Behring's selection of the 100% Joint and Survivor Annuity, this pension benefit will be approximately $60,744.36 annually. Thomas Bracalento, Police Officer, Police Department, was employed by the City on June 21, 1989 and his pension service credit is effective on that date. His pension will be effective October 1, 2014. Based on an average salary of approximately $82,717.21 over the past five years, the formula for computing regular pensions and Mr. Bracalento's selection of the 50% Joint and Survivor Annuity, this pension benefit will be approximately $55,544.40 annually. Randy Cline, Marine Supervisor, Marine and Aviation Department, was employed by the City on April 29, 1985 and his pension service credit is effective on that date. His pension will be effective October 1, 2014. Based on an average salary of approximately $52,050.98 over the past five years, the formula for computing regular pensions and Mr. Cline's selection of the Single Life Annuity, this pension benefit will be approximately $42,234.36 annually. Diane Fitzgerald, Public Information Coordinator, Public Communications Department, was employed by the City on April 20, 1988 and her pension service credit is effective on that date. Her pension will be effective October 1, 2014. Based on an average salary of approximately $59,174.32 over the past five years, the formula for computing regular pensions and Ms. Fitzgerald's selection of the Single Life Annuity, this pension benefit will be approximately $43,037.40 annually. Gregory Pippins, Transfer Station Scales Operator, Solid Waste General Services Department, was employed by the City on December 28, 1987 and his pension service credit is effective on that date. His pension will be effective October 1, 2014. Based on an average salary of approximately $43,577.90 over the past five years, the formula for computing regular pensions and Mr. Pippins' selection of the 66 2/3% Joint and Survivor Annuity, this pension benefit will be 3 3 City of Clearwater Pension Advisory Committee Meeting Minutes October 9, 2014 approximately $23,819.04 annually. William Tedder, Accountant, Finance Department, was employed by the City on February 19, 1988 and his pension service credit is effective on that date. His pension will be effective October 1, 2014. Based on an average salary of approximately $47,716.09 over the past five years, the formula for computing regular pensions and Mr. Tedder's selection of the 50% Joint and Survivor Annuity, this pension benefit will be approximately $32,435.16 annually. Section 2.416 provides for normal retirement eligibility for non-hazardous duty employees hired prior to the effective date of this reinstatement (1/1/13), a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of fifty-five (55) years and completed twenty (20) years of credited service; the date on which a participant has reached age sixty-five (65) years and completed ten (10) years of credited service; or the date on which a member has completed thirty (30) years of service regardless of age. For non-hazardous duty employees hired on or after the effective date of this restatement, a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of sixty (60) years and completed twenty-five (25) years of credited service; or the date on which a participant has reached the age of sixty-five (65) years and completed ten (10) years of credited service. Mr. Behring, Mr. Cline, Ms. Fitzgerald, Mr. Pippins and Mr. Tedder have met the non-hazardous duty criteria. Section 2.416 provides for normal retirement eligibility for hazardous duty employees, a member shall be eligible for retirement following the earlier of the date on which the participant has completed twenty (20) years of credited service regardless of age, or the date on which the participant has reached fifty-five (55) years and completed ten (10) years of credited service. Mr. Bracalento has met the hazardous duty criteria. Member Damico moved to recommend approval of the following requests of employees Mark Behring, Information Technology Department; Thomas Bracalento, Police Department; Randy Cline, Marine and Aviation Department; Diane Fitzgerald, Public Communications Department; Gregory Pippins, Solid Waste General Services Department; and William Tedder, Finance Department, for a regular pension as provided by Sections 2.416 and 2.424 of the Employees' Pension Plan. The motion was duly seconded and carried unanimously. 4.3 Recommend approval of the following request of employees Stephen Coward, Fire Department and Kathy LaBelle, Solid Waste General Services Department, to vest 4 4 City of Clearwater Pension Advisory Committee Meeting Minutes October 9, 2014 their pensions as provided by Section 2.419 of the Employees' Pension Plan. Stephen Coward, Fire Lieutenant, Fire Department, was employed by the City on March 4, 1996, and began participating in the Pension Plan on that date. Mr. Coward terminated from City employment on September 9, 2014. Kathy LaBelle, Administrative Analyst, Solid Waste General Services Department, was employed by the City on July 6, 1999 and began participating in the Pension Plan on that date. Ms. LaBelle terminated from City employment on September 16, 2014. The Employees' Pension Plan provides that should an employee cease to be an employee of the City of Clearwater or change status from full-time to part-time after completing ten or more years of creditable service (pension participation), 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 2.416 provides for normal retirement eligibility for non-hazardous duty employees hired prior to the effective date of this reinstatement (1/1/13), a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of fifty-five (55) years and completed twenty (20) years of credited service; the date on which a participant has reached age sixty-five (65) years and completed ten (10) years of credited service; or the date on which a member has completed thirty (30) years of service regardless of age. For non-hazardous duty employees hired on or after the effective date of this restatement, a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of sixty (60) years and completed twenty-five (25) years of credited service; or the date on which a participant has reached the age of sixty-five (65) years and completed ten (10) years of credited service. Ms. LaBelle will meet the non-hazardous duty criteria and begin collecting a pension in June 2019. Section 2.416 provides for normal retirement eligibility for hazardous duty employees, a member shall be eligible for retirement following the earlier of the date on which the participant has completed twenty (20) years of credited service regardless of age, or the date on which the participant has reached fifty-five (55) years and completed ten (10) years of credited service. Mr. Coward will meet the hazardous duty criteria and begin collecting pension in April 2016. Member Jonson moved to recommend approval of the following request of employees Stephen Coward, Fire Department and Kathy LaBelle, Solid Waste General Services Department, to vest their pensions as provided by Section 2.419 of the Employees' Pension Plan. The motion was duly seconded and carried unanimously. 5 5 City of Clearwater Pension Advisory Committee 6. Director's Report Meeting Minutes October 9, 2014 Human Resources Director Joe Roseto requested that the non job connected disability hearing for Linda Leaghty be continued to November 13, 2014, due to the unavailability of counsel. Member Jonson moved to continue the non job connected disability hearing for Linda Leaghty to November 13, 2014. The motion was duly seconded and carried unanimously. 7. Committee Members to be Heard: None 8. Adjourn The meeting adjourned at 9:03 6 City of Clearwater r 6 Chair Pension Advisory ommittee