05/16/2005
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
May 16, 2005
Present: Frank Hibbard Chair
William C. Jonson Trustee
Hoyt Hamilton Trustee
John Doran Trustee
Carlen Petersen Trustee
Also Present: William B. Horne II City Manager
Garry Brumback Assistant City Manager
Pamela K. Akin City Attorney
Joe Roseto Human Resources Director
Cynthia E. Goudeau City Clerk
Brenda Moses Board Reporter
The Chair called the meeting to order at 9:18 a.m. at City Hall.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
Approval of Minutes: 4-18-05
Trustee Jonson moved to approve the minutes of the April 18, 2005, meeting, as
motion
recorded and submitted in written summation by the City Clerk to each Trustee. The
carried
was duly seconded and unanimously.
1 - Accept the employees listed below into membership in the City of Clearwater's Employees'
Pension Plan.
Human Resources Director Joe Roseto presented the Pension Advisory Committee’s
recommendation that the following employees be accepted into membership: Jariel
Candelario, Joe Trowell, Jr., Sandra Wightman, Christopher Thomas, Donald Hostetler, Vern
Erickson, Jeremy Chestine, Serita Buchanan, Jose Fernandez, Jeremiah Mills, Jason
Matthews, Craig Krueger, Joseph Kraus, Jeremy Jenkins, Jamie Varney, Bruce Hernandez,
Beatrice Holsombach, William Ruger, Jr., James Singer, and Crystal Leuallen.
Trustee Doran moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
2 - Robert Fernandez, Public Services Department, and Carol Marshall, Police Department, be
granted regular pensions under Section(s) 2.393 and 2.397 of the Employees’ Pension Plan as
approved by the Pension Advisory Committee.
Robert Fernandez, Construction Inspector II, Public Services Department, was
employed by the City on February 12, 1975, and his pension service credit is effective on April
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14, 1975. His pension will be effective May 1, 2005. Based on an average salary of
approximately $44,373 per year over the past five years, the formula for computing regular
pensions, and Mr. Fernandez’ selection of the 75% Joint & Survivor Annuity, this pension will
approximate $36,862 annually.
Carol Marshall, Police Office Specialist, Police Department, was employed by the City
on April 4, 1983, and her pension service credit is effective on that date. Her pension will be
effective May 1, 2005. Based on an average salary of approximately $33,845 per year over
the past five years, the formula for computing regular pensions, and Ms. Marshall’s selection of
the 100% Joint & Survivor Annuity, this pension will approximate $20,249 annually.
These pensions were approved by the Pension Advisory Committee on April 14, 2005.
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 thirty years of credited
service, or has reached age 65 and completed ten years of credited service. Mr. Fernandez
qualifies under the 30 years of service criteria. Ms. Marshall qualifies under the age 55 and
twenty years of service criteria.
Trustee Petersen moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
3 - Jeffrey Rawson, Police Department, be allowed to vest his pension under Section(s) 2.397
and 2.398 of the Employees’ Pension Plan as approved by the Pension Advisory Committee.
Jeffrey Rawson, Police Officer, Police Department, was employed by the City on March
25, 1991, and began participating in the Pension Plan on that date. Mr. Rawson terminated
from City employment on March 25, 2005.
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), 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 also (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 as meeting the hazardous duty
criteria. Mr. Rawson would have completed 20 years of service on March 25, 2010. His
pension will be effective April 1, 2010. This pension was approved by the Pension Advisory
Committee on April 14, 2005.
Trustee Jonson moved to allow Jeffrey Rawson to vest his pension under Sections
2.397 and 2.398 of the Employees Pension Plan as approved by the Pension Advisory
motion carried
Committee. The was duly seconded and unanimously.
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.
.
.
4 - Other Business - None.
5 - Adiourn
The meeting adjourned at 9:19 a.m.
Attest:
~z.
City lerk
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Vi CJL.-Chair
Pension Truste
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