03/13/2007
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
March 13, 2007
Present:
Frank Hibbard
Carlen Petersen
William C. Jonson
John Doran
J. B. Johnson
Also Present:
William B. Horne, II
Garry Brumback
Pamela K. Akin
Cynthia E. Goudeau
Brenda Moses
Chair
Trustee
Trustee
Trustee
Trustee
City Manager
Assistant City Manager
City Attorney
City Clerk
Board Reporter
The Chair called the meeting to order at 1 :44 p.m. at City Hall.
To provide continuity for research, items are in agenda order although not
necessarily discussed in that order.
2. Approval of Minutes
2.1 Approve the minutes of the February 13. 2007 Pension Trustees meetinq as submitted in
written summation bY the City Clerk.
Trustee Petersen moved to approve the minutes of the February 13, 2007 Pension
Trustees meeting as recorded and submitted in written summation by the City Clerk to each
Trustee. The motion was duly seconded and carried unanimously.
3. Pension Trustees Items:
3.1. Accept listed employees into membership in the City of Clearwater's Employees' Pension
Plan.
Name, Job Class, & Dept./Div.
Catherine Hesse, Planner I/Planning
Aaron Williams, Pks. Ser. Tech.lParks & Rec.
Anthony DiGiogio, Police Officer/Police
Andrew Bellucci, Police Cadet/Police
Richard Baron, WWTP Oper. Trne.lPub. Util.
James Stewart, Police Officer/Police
Benjamin Rittenhouse, Pks. Ser. Tech. I/Pks. & Rec.
Michelle Poldino, Police Cadet/Police
Brad Baker, Police Officer/Police
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Elig.
Hire Date Date
1/3/07 1/3/07
1/8/07 1/8/07
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1/8/07 1/8/07
Nicholas Giordano, Police Officer/Police
Ryan McMullen, Police Officer/Police
Brian Tejera, Police Officer/Police
Justin Littleton, Solid Waste Worker/Solid Waste
Petras Jakstras, Pks. Ser. Tech. I/Pks. & Rec.
Larry Bruce, Pks. Ser. Tech. I/Pks. & Rec
Adam Jacques, Police Officer/Police
Rhobby Jenkins, Police Officer/Police
Gary A. Guegan, Fire Inspector II/Fire
1/8/07
1/8/07
1/8/07
1/8/07
1/8/07
1/8/07
1/8/07
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Justin Littleton was originally hired as temporary on October 30, 2006; changed to
permanent full-time and pension eligible as of January 8,2007.
Trustee Doran moved to accept the listed employees into membership in the City of
Clearwater's Employees' Pension Plan. The motion was duly seconded and carried
unanimously.
3.2. Larry Akins. General Services/Solid Waste Department: Willie Flovd. General
Services/Solid Waste Department: Joan Wriaht. Police Department: Ronald Willms. Fire
Department. Kenneth Schmitt. Fire Department: Mark Whitham. Police Department. and Kevin
Bliah. Police Department. be aranted reaular pensions under Section(s) 2.393 and 2.397 of the
Emplovees' Pension Plan as approved bv the Pension Advisory Committee.
Larry Akins, Solid Waste Supervisor I, General Services/Solid Waste 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 March 1,2007. Based on an average salary of
approximately $51,018 per year over the past five years, the formula for computing regular
pensions, and Mr. Akins' selection of the 100% Joint & Survivor Annuity, this pension will
approximate $41,489 annually.
Willie Floyd, Solid Waste Worker, General Services/Solid Waste Department, was
employed by the City on March 15, 1977, and his pension service credit is effective on that
date. His pension will be effective April 1 ,2007. Based on an average salary of approximately
$32,171 per year over the past five years, the formula for computing regular pensions, and Mr.
Floyd's selection of the Joint & Survivor Annuity, this pension will approximate $26,541
annually.
Joan Wright, Police Communications Operator, Police Department, was employed by
the City on November 30, 1981, and her pension service credit is effective on July 12, 1993.
Her pension will be effective May 1,2007. Based on an average salary of approximately
$51,865 per year over the past five years, the formula for computing regular pensions, and Ms.
Wright's selection of the Joint & Survivor Annuity, this pension will approximate $19,627
annually.
Ronald Willms, Fire Lieutenant, Fire Department, was employed by the City on January
6, 1986, and his pension service credit is effective on that date. His pension will be effective
March 1, 2007. Based on an average salary of approximately $67,805 per year over the past
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five years, the formula for computing regular pensions, and Mr. Willms' selection of the 100%
Joint & Survivor Annuity, this pension will approximate $38,961 annually.
Kenneth Schmitt, Firefighter Driver/Operator, Fire Department, was employed by the
City on August 2, 1982, and his pension service credit is effective on that date. His pension will
be effective February 1, 2007. Based on an average salary of approximately $62,605 per year
over the past five years, the formula for computing regular pensions, and Mr. Schmitt's
selection of the 100% Joint & Survivor Annuity, this pension will approximate $41,416 annually.
Mark Whitham, Police Officer, Police Department, was employed by the City on
December 15, 1986, and his pension service credit is effective on that date. His pension will be
effective February 1, 2007. Based on an average salary of approximately $50,750 per year
over the past five years, the formula for computing regular pensions, and Mr. Whitham's
selection of the Life Annuity, this pension will approximate $29,646 annually.
Kevin Bligh, Police Officer, Police Department, was employed by the City on October 5,
1992, and his pension service credit is effective on that date. His pension will be effective July
1,2007. Based on an average salary of approximately $54,391 per year over the past five
years, the formula for computing regular pensions, and Mr. Bligh's selection of the Life Annuity,
this pension will approximate $23,654 annually.
These pensions were approved by the Pension Advisory Committee on February 8,
2007. Section 2.393 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. Section 2.393
also provides for normal retirement eligibility when a participant has completed twenty years of
credited service or has reached age 55 and completed ten years of credited service in a type of
employment described as "hazardous duty" and further defines service as a Fire Lieutenant,
Firefighter Driver/Operator, and Police Officer as meeting the hazardous duty criteria. Mr.
Akins and Mr. Floyd qualify under the age 55 and 30 years of service criteria. Ms. Wright
qualifies under the age 65 and ten years of service criteria. Mr. Willms, Mr. Schmitt, Mr.
Whitham, and Mr. Bligh qualify under the hazardous duty criteria.
Trustee Johnson moved to grant Larry Akins, General Services/Solid Waste
Department; Willie Floyd, General Services/Solid Waste Department; Joan Wright, Police
Department; Ronald Willms, Fire Department, Kenneth Schmitt, Fire Department; Mark
Whitham, Police Department, and Kevin Bligh, 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. The motion was duly seconded and carried unanimously.
3.3 Mashid Arasteh. Enoineerinq Department; Ann Scheffer. Library Department; and Linda
McPherson. Finance Department. be allowed to vest their pensions under Section(s) 2.397 and
2.398 of the Emplovees' Pension Plan as approved bv the Pension Advisory Committee.
Mashid Arasteh, Public Works Administrator, Engineering Department, was employed
by the City on September 30, 1996, and began participating in the Pension Plan on that date.
Ms. Arasteh terminated from City employment on February 1, 2007.
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Ann Scheffer, Librarian III, Library Department, was employed by the City on December
7, 1992, and began participating in the Pension Plan on that date. Ms. Scheffer terminated
from City employment on February 28,2007.
Linda McPherson, Finance Department, was employed by the City on January 8, 1996,
and began participating in the Pension Plan on that date. Ms. McPherson converted to part-
time on January 7, 2007.
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 (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.
Arasteh would have completed at least 20 years of service and reached age 55 on September
30, 2016. Her pension will be effective October 1, 2016. Ms. Scheffer would have completed
at least 20 years of service and reached age 55 on December 7, 2012. Her pension will be
effective January 1, 2013. Ms. McPherson would have completed at least ten years of service
and reached age 65 on September 25,2014. Her pension will be effective October 1, 2014.
These pensions were approved by the Pension Advisory Committee on February 8,2007.
Trustee Jonson moved that Mahshid Arasteh, Engineering Department, Ann
Scheffer, Library Department, and Linda McPherson, Finance Department, be allowed to
vest their pensions under Section(s) 2.397 and 2.398 of the Employees' Pension Plan as
approved by the Pension Advisory Committee. The motion was duly seconded and
carried unanimously.
4. Other Business - None.
5. Adiourn
The meeting adjourned at 1 :45 p.m.
~F~
~r, Pension Trustees
Attest:
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