12/10/2001
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
December 10, 2001
Present: Brian J. Aungst Chair
Ed Hart Vice-Chair/Trustee
Whitney Gray Trustee
Hoyt P. Hamilton Trustee
William C. Jonson Trustee
Also present: William B. Horne II City Manager
Pamela K. Akin City Attorney
Paul O'Rourke Human Resources Director
Cynthia E. Goudeau City Clerk
Patricia O. Sullivan Board Reporter
The Chair called the meeting to order at 1:10 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 Jonson moved to approve the minutes of the November 13, 2001, 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:
Human Resources Director Paul O’Rourke presented the recommendation of the
Pension Advisory Committee to approve membership for employees: Bradford Cheek, Jr,
Donald Flemming, Saphire Reedinger, Andrew Yeldon, Jamie Thomas, Cathy Adams, Jennifer
Rush, Jerry Rutigliano, Susan Jenkins, Denise Balog, Gregory Hart, Gary Hutchinson, Joseph
Walden.
Trustee Gray moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
ITEM #4 - Requests for Pension
Mr. O’Rourke presented the recommendation of the Pension Advisory Committee that
Franklin Daly Jr. Paul H Cherry regular pensions
and be granted under Sections 2.393 and
2.397 of the Employees' Pension Plan.
Franklin Daly Jr. was employed on May 19, 1980, and his pension service credit is
effective on that date. His pension will be effective on January 1, 2002. Based on an average
salary of $77,011 per year over the past 5 years, the formula for computing regular pensions,
and Mr. Daly’s selection of the 100% Joint & Survivor Annuity, this pension will approximate
$45,152 annually.
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Paul H Cherry was employed on September 29, 1975, and his pension service credit is
effective on that date. His pension will be effective on November 1, 2001. Based on an
average salary of $49,366 per year over the past 5 years, the formula for computing regular
pensions, and Mr. Cherry’s selection of the 100% Joint & Survivor Annuity, this pension will
approximate $31,534 annually.
The PAC (Pension Advisory Committee) approved these pensions on November 8,
2001. 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 Lieutenant and Police Officer as meeting the hazardous duty
criteria.
Trustee Hamilton moved to grant regular pensions for Franklin Daly, Jr. and Paul H.
Cherry be granted under Sections 2.393 and 2.397 of the Employees’ Pension Plan, as
motioncarried
approved by the Pension Advisory Committee. The was duly seconded and
unanimously.
ITEM #5 – Request to Vest Pension
Miles Ballogg was employed by the City on September 23, 1991 and terminated City
employment on November 2, 2001. The Employees Pension Plan provides that should an
employee cease to be an employee of the City after completing ten or more years of creditable
service and 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, has completed 30 years of credited service, or has
reached age 65 and completed 10 years of credited service. Mr. Ballogg would have
completed 20 years of service and reached aged 55 on November 4, 2014. His pension will
be effective on December 1, 2014.
Trustee Gray moved to allow Miles Ballogg to vest his pension under Sections 2.397
and 2.398 of the Employees Pension Plan as approved by the Pension Advisory Committee.
motion carried
The was duly seconded and unanimously.
ITEM #6 – Other Business – None.
ITEM #7 - Adjournment
The meeting adjourned at 1:11 p.m.
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