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01/25/2001 TRUSTEES OF THE EMPLOYEES' PENSION FUND SPECIAL MEETING CITY OF CLEARWATER January 25, 2001 Present: Brian J. Aungst Chair J. B. Johnson Vice-Chair/Trustee Ed Hart Trustee Robert Clark Trustee F. David Hemerick Trustee Also present: William B. Horne II Interim City Manager Pamela K. Akin City Attorney Stephen Cypen Attorney Paul O'Rourke Human Resources Administrator Cynthia E. Goudeau City Clerk The Chair called the meeting to order at 9:03 a.m. at City Hall. ITEM - Request for membership in Pension Plan - Police Chief Sidney Klein & Deputy Chief William Baird On May 30, 2000, a letter was received from Andra Dreyfus, attorney for Police Chief Sidney Klein, requesting he be allowed to participate in the City of Clearwater Employees' Pension Plan (EPP). The request was predicated upon Chief Klein's request to participate in the Police Supplemental Pension Plan to which he has made application on numerous occasions. Various opinions received over the years indicate that Chief Klein can not participate in the supplemental pension plan unless he is a member of a defined benefit plan such as the EPP. On June 14, 2000, Ms. Dreyfus submitted a letter requesting that Deputy Police Chief William Baird also be allowed to participate in EPP. At the same time that Ms. Dreyfus submitted the Chief's request to join the EPP, she also wrote to the City Attorney indicating a possible conflict of interest with the City's pension attorneys, Christiansen & Dehner, providing an opinion as to Chief Klein's and Deputy Chief Baird's eligibility since this firm also represents the Police Supplemental Pension Plan. Scott Christiansen had previously rendered an opinion as to the Chief's ineligibility for participation in the supplemental plan. The Trustees appointed Stephen Cypen from the law firm of Cypen & Cypen to render an opinion on these requests. On January 11, 2001, Stephen Cypen appeared before the Pension Advisory Committee (PAC) to address his written opinion provided via letters dated October 5, 2000 and December 22, 2000. Mr. Cypen's opinion was that neither Chief Klein nor Deputy Chief Baird are eligible to participate in the EPP based on the fact that by signing numerous mpf01b01 1 01/25/01 Employment Agreement Letters, they both voluntarily opted not to participate and accepted the alternative retirement provisions available to them. Based on Mr. Cypen's opinion, the PAC denied the requests of both Chief Klein and Deputy Chief Baird to participate in the EPP. Mr. O'Rourke indicated Deputy Chief Baird has asked that his request be tabled. Mr. Cypen reviewed his background and experience in dealing with pension issues. He has reviewed additional material sent to him. However, his opinion that Chief Klein is ineligible due to voluntarily opting out of the pension plan remains unchanged. He did not address whether or not the Chief could have legally been excluded from the plan. Mr. O'Rourke indicated the many documents provided give a history of opinions that the Police Chief has no standing for admittance into the Pension Plan. In response to a question, Mr. O'Rourke reported the PAC unanimously recommended denial of the request. Andrea Dryfus, representing the Police Chief, gave background relating to the Chief's request. The Chief is not seeking to participate without paying. He was never given the opportunity to participate in the plan, therefore never waived his right to participate. She stated the Chief has a constitutional right to participate in the plan. In response to a question, Ms. Dryfus, explained why she believed the Chief has a constitutional right to participate in the plan. Her opinion is that the City's Ordinance is in conflict with State Statute and therefore would fall. She stated, Mr. Cypen's opinion regarding the Chief opting out of the plan, is based on a part of the statute that has been repealed. She stated the Chief did not opt out as he was never given the opportunity to participate. In response to a question, she indicated she does not have written applications to the general plan but does have witnesses to discussions to get into the plan. Only last year was the Chief advised that in order to get into the Supplemental Pension Plan he would have to apply to participate in the Employees' Pension Plan. Mr. Cypen explained because senior staff are at will employees, they participate in defined contribution plans that provide portability instead of defined benefit plans such as the Employees' Pension Plan. State Statute requires, in order to participate in the supplemental pension plan, the participants belong to a defined benefit plan. Discussion ensued regarding varying opinions over the years regarding the Chief's ability to participate in the Supplemental Pension Plan and whether he should have been given an opportunity to opt out of the General Employees' Pension Plan. Trustee Johnson moved to deny Police Chief Sidney Klein's request for membership in motioncarried the Employees' Pension Plan. The was duly seconded and unanimously. mpf01b01 2 01/25/01 In response to a question from Mr. O'Rourke, consensus was to hold the presentations by the City Manager Search firms at a location other than Chambers. In response to a question, the City Attorney reported Mr. Cypen is paid hourly and his fee does not come out of the fees paid to the Trustees contracted attorney firm. The meeting adjourned at 9:34 a.m. mpf01b01 3 01/25/01