04/03/2000
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
April 3, 2000
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 Trustees Attorney
Paul O'Rourke Human Resources Administrator
Cynthia E. Goudeau City Clerk
Patricia O. Sullivan Board Reporter
The Chair called the meeting to order at 9:10 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 Johnson moved to approve the minutes of the March 13, 2000, 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’s (Pension Advisory Committee)
recommendation to approve membership for employees:
Richard Knoth, Robin Seats, Michael Lockwood, Lorraine Welch, Dennis Castle, Jason
Turaniczo, Donna Swain-McHughes, Kenneth J. Farrell, Joann Thompson, & Anthony White
motion
Trustee Clark moved to accept the PAC’s recommendation. The was duly
carried
seconded and unanimously.
ITEM #4 - Request for Pension:
Virgil Rush, Donald
The City Manager presented the PAC’s recommendation that
Parker, Richard Warwick, & Robert Lockwood regular pensions
be granted under
Section(s) 2.393 and 2.397 of the Employees' Pension Plan.
Virgil Rush was employed on August 27, 1973, and his pension service credit is
effective on March 22, 1974. His pension will be effective April 1, 2000. Based on an average
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salary of approximately $45,750 per year over the past 5 years, the formula for computing
regular pensions, and Mr. Rush's selection of the 10-Year Certain & Life Annuity, this pension
will approximate $36,491 annually.
Richard Warwick was employed on December 17, 1973, and his pension service credit
is effective on that date. His pension will be effective March 1, 2000. Based on an average
salary of approximately $43,053 per year over the past 5 years, the formula for computing
regular pensions, and Mr. Warwick's selection of the 100% Joint & Survivor Annuity, this
pension will approximate $30,414 annually.
Robert Lockwood was employed on May 3, 1982, and his pension service credit is
effective on June 20, 1989. His pension will be effective May 1, 2000. Based on an average
salary of approximately $54,158 per year over the past 5 years, the formula for computing
regular pensions, and Mr. Lockwood's selection of the 100% Joint & Survivor Annuity, this
pension will approximate $15,582 annually.
Donald Parker was employed on December 22, 1986, and his pension service credit is
effective on November 13, 1989. His pension will be effective May 1, 2000. Based on an
average salary of approximately $28,409 per year over the past 5 years, the formula for
computing regular pensions, and Mr. Parker's selection of the Life Annuity, this pension will
approximate $9,363 annually.
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 further specifically defines service as a Firefighter/Driver Operator as meeting the
hazardous duty criteria. Mr. Rush and Mr. Warwick qualify under the hazardous duty criteria.
Section 2.393 (p) also provides for normal retirement eligibility when a participant has reached
age 65 and completed 10 years of credited service. Mr. Lockwood and Mr. Parker qualify
under these criteria.
The PAC approved these pensions on March 9, 2000.
motion
Trustee Hooper moved to accept the PAC’s recommendation. The was duly
carried
seconded and unanimously.
ITEM #5 - Other Business – None.
ITEM #6 - Adjournment:
The meeting adjourned at 9:11 a.m.
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