08/15/2005
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
August 15, 2005
Present: Frank Hibbard Chair
William C. Jonson Trustee
Hoyt Hamilton Trustee
Carlen Petersen Trustee
John Doran Trustee
Also Present: William B. Horne, II City Manager
Garry Brumback Assistant City Manager
Rod Irwin Assistant City Manager
Pamela K. Akin City Attorney
Cynthia E. Goudeau City Clerk
Brenda Moses Board Reporter
The Chair called the meeting to order at 6:02 p.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 Petersen moved to approve the minutes of the regular meeting of July 18,
2005, as recorded and submitted in written summation by the City Clerk to each Trustee. The
motioncarried
was duly seconded and unanimously.
Pension Trustees Items
1. Accept the employees listed into membership in the City of Clearwater's Employees'
Pension Plan: Eddie Stephens, Deron Kauble, Leon Brown, Glen Girard, Judith Clarizio,
Jeremy Williams, Julie Duffy, Janice Overby, Tina Cramer, Eric Wahlbeck, Jeffrey Howard,
Virginia Novotny, Kevin Blair, Lisa Hayes, Terrance Woulard, Tara Kivett, Glen Altomare II,
and Mary Violette Altman.
The Pension Advisory Committee recommended that these employees be accepted
into membership in the City of Clearwater's Employees' Pension Plan.
Trustee Doran moved to accept the recommendation of the Pension Advisory
motioncarried
Committee. The was duly seconded and unanimously.
Pension Trustees 2005-08-15 1
. 2. Request that Marie Orsello. Economic Development Department Lowell Nickerson. Fire
Department. and James Fogarty. Fire Department. be qranted reQular pensions under
Section(s) 2.393 and 2.397 of the Employees' Pension Plan as approved by the Pension
Advisory Committee.
Marie Orsello, Accounting Technician, Economic Development Department, was
employed by the City on January 9, 1989, and her pension service credit is effective on that
date. Her pension wili be effe(;tive August 1, 2005. Based on an average salary of
approximately $34,056 per year over the past five years, the formula for computing regular
pensions, and Ms. Orsello's selection of the Joint & Survivor Annuity, this pension will
approximate $15,510 annually.
Lowell Nickerson, Firefighter Driver/Operator, Fire Department, was employed by the
City on August 6, 1989, and his pension service credit is effective on that date. His pension will
be effective July 1, 2005. Based on an average salary of approximately $55,523 per year over
the past five years, the formuiaior computing regular pensions, and Mr. Nickerson's selection
of the 50% Joint & Survivor Annuity, this pension will approximate $40,400 annually.
James Fogarty, Assistant Fire Chief/EMS, Fire Department, was employed by the City
on August 6, 1989, and his pension service credit is effective on that date. His pension will be
effective July 1,2005. Based on an average salary of approximately $71,081 per year over the
past five years, the formula for computing regular pensions, and Mr. Nickerson's selection of
the 50% Joint & Survivor Annuity, this pension will approximate $52,158 annually.
.
Trustee Hamilton moved that Marie Orsello, Lowell Nickerson, and James Fogarty be
granted regular pensions 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 6:03 p.m.
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Pension Trustees
Attest:
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Pension Trustees 2005-08-15
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