07/18/2005
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TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
July 18, 2005
Present:
Frank Hibbard
William C. Jonson
Hoyt Hamilton
Carlen Petersen
John Doran
Chair
Trustee
Trustee
Trustee
Trustee
Also Present:
City Manager
Assistant City Manager
City Attorney
City Clerk
Board Reporter
William B. Horne, II
Garry Brumback
Pamela K. Akin
Cynthia E. Goudeau
Patricia O. Sullivan
The Chair called the meeting to order at 11 :26 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:
Trustee Doran moved to approve the minutes of the June 13, 2005, regular meeting,
and June 2,2005, special meeting as recorded and submitted in written summation by the City
Clerk to each Trustee. The motion was duly seconded and carried unanimously.
Pension Trustees Items
1. Accept the employees listed into membership in the City of Clearwater's Employees' Pension
Plan: Edward Cone, Linda Hiryak, Harvey Kline, Mario Thornton, Daniel McGuinness, Robert
Tefft, Ricky Clure, Emanuel Dudley, and Randy Gonzalez
The Pension Advisory Committee recommended that these employees be accepted into
membership in the City of Clearwater's Employees' Pension Plan.
Trustee Petersen moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
2 - Daniel Wolf. Public Utilities Department. be aranted a reaular pension under Section(s)
2.393 and 2.397 of the Employees' Pension Plan as approved by the Pension Advisorv
Committee.
Daniel Wolf, Utilities Mechanic, Public Utilities Department, was employed by the City on
September 20,1976, and his pension service credit is effective on that date. His pension will be
effective June 1, 2005. Based on an average salary of approximately $42,222 per year over
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the past five years, the formula for computing regular pensions, and Mr. Wolf's selection of the
10-Year Certain and Life Annuity, this pension will approximate $35,485 annually.
This pension was approved by the Pension Advisory Committee on June 9, 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. Wolf qualifies
under the age 55 and twenty years of service criteria.
Trustee Hamilton moved that Daniel Wolf, Public Utilities Department, be granted a
regular pension under Section(s) 2.393 and 2.397 of the Employees' Pension Plan as approved
by the Pension Advisory Committee. The motion was duly seconded and carried
unanimously.
Other Business: - None.
Adiourn
The meeting adjourned at 11 :27 a.m.
Attest:
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L City~
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"et1'air, Pension Trustees'
Pension Trustees 2005-07-18
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