04/15/2002
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
CITY OF CLEARWATER
April 15, 2002
Present: Brian J. Aungst Chair
Whitney Gray Trustee
Hoyt P. Hamilton Trustee
William C. Jonson Trustee
Frank Hibbard Trustee
Also present: William B. Horne II City Manager
Pamela K. Akin City Attorney
Lee Dehner Pension Trustees Attorney
Margie Simmons Finance Director
Cynthia E. Goudeau City Clerk
Patricia O. Sullivan Board Reporter
The Chair called the meeting to order at 9:21 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 Jonson moved to approve the minutes of the March 18, 2002, 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 employees:
Kim Peterson, Raymond Galluccio, Melanie Kindred, Lance Kielich, Edward Lear, Robert
Russell, and Ronald Francis
Trustee Gray moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
Item #4 - Regular Pensions to be granted:
Charles J. Dunn, Jr.,
The City Manager presented the PAC recommendation that
Charles Flowers, Patricia Buzek, Thomas Walbolt regular pensions
and be granted under
Section(s) 2.393 and 2.397 of the Employees' Pension Plan.
Charles J. Dunn., Jr., Police Officer, Police Department, was employed by the City on
June 5, 1973, and his pension service credit is effective on that date. His pension will be
effective June 1, 2002. Based on an average salary of approximately $53,917 per year over
mpf04a02 04/15/02
1
the past five years, the formula for computing regular pensions, and Mr. Dunn’s selection of
the 75% Joint & Survivor Annuity, this pension will approximate $43,184 annually.
Charles Flowers, Fire Deputy Chief, Fire Department, was employed by the City on
February 14, 1977, and his pension service credit is effective on that date. His pension will be
effective September 1, 2002. Based on an average salary of approximately $62,612 per year
over the past five years, the formula for computing regular pensions, and Mr. Flowers’
selection of the 100% Joint & Survivor Annuity, this pension will approximate $43,298 annually.
Patricia Buzek, Senior Accountant, Finance Department, was employed by the City on
December 19, 1977, and her pension service credit is effective on November 2, 1989. Her
pension will be effective April 1, 2002. Based on an average salary of approximately $50,439
per year over the past five years, the formula for computing regular pensions, and Ms. Buzek’s
selection of the 100% Joint & Survivor Annuity, this pension will approximate $10,134 annually.
Thomas Walbolt, Recreation Supervisor, Parks & Recreation Department, was
employed by the City on April 4, 1966, and his pension service credit is effective on September
4, 1976. His pension will be effective April 1, 2002. Based on an average salary of
approximately $41,629 per year over the past five years, the formula for computing regular
pensions, and Mr. Walbolt’s selection of the Life Annuity, this pension will approximate
$31,975 annually.
These pensions were approved by the Pension Advisory Committee on March 14,
2002. Section 2.393 (p) provides for normal retirement eligibility when a participant has
completed twenty years of credited service in a type of employment described as “hazardous
duty” and further specifically defines service as a Police Officer and Fire Deputy Chief as
meeting the hazardous duty criteria. Mr. Dunn and Mr. Flowers qualify under the hazardous
duty criteria. Section 2.393 (p) also provides for normal retirement eligibility when a participant
has reached age 55 and completed twenty years of credited service, has completed thirty
years of credited service, or has reached age 65 and completed ten years of credited service.
Ms. Buzek qualifies under the age 65 and ten years of service criteria. Mr. Walbolt qualifies
under the age 55 and twenty years of service criteria.
Trustee Hamilton moved that Charles J. Dunn, Jr., Police Department; Charles
Flowers, Fire Department; Patricia Buzek, Finance Department; and Thomas Walbolt, Parks &
Recreation Department, be granted regular pensions under Section(s) 2.393 and 2.397 of the
motion
Employees’ Pension Plan as approved by the Pension Advisory Committee. The was
carried
duly seconded and unanimously.
Item #5 - Pension to be vested:
The City Manager presented the recommendation of the Pension Advisory Committee
Carla Collinsvest her pension
that be allowed to under Section(s) 2.397 and 2.398 of the
Employees' Pension Plan.
Carla Collins, Police Service Technician, Police Department, was employed by the City
on August 19, 1985. Ms. Collins terminated from City employment on May 3, 2002.
mpf04a02 04/15/02
2
The Employees’ Pension Plan provides that should an employee cease to be an
employee of the City of Clearwater after completing ten 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 twenty years of credited service, has completed 30 years of
credited service, or has reached age 65 and completed ten years of credited service. Ms.
Collins would have completed twenty years of service and reached age 55 on April 13, 2011.
Her pension will be effective May 1, 2011. This pension was approved by the Pension
Advisory Committee on March 14, 2002.
Trustee Jonson moved that Carla Collins, Police Department, be allowed to vest her
pension under Section(s) 2.397 and 2.398 of the Employees’ Pension Plan as approved by the
motion carried
Pension Advisory Committee. The was duly seconded and unanimously.
Item #6 - Other Business
Human Resources Director Paul O’Rourke thanked Commissioner Gray for chairing the
April 11, 2002, Pension Advisory Committee meeting and Commissioners Hamilton and
Hibbard for their diligence and patience during the extended meeting.
ITEM #7 - Adjournment
The meeting adjourned at 9:22 a.m.
mpf04a02 04/15/02
3