Loading...
02/16/2016 Pension Trustees Meeting Minutes February 16, 2016 City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 e d s w r' �mu Meeting Minutes Tuesday, February 16, 2016 9:00 AM Council Chambers Pension Trustees Page 1 City of Clearwater Pension Trustees Meeting Minutes February 16, 2016 Roll Call Present 4 - Chair George N. Cretekos, Trustee Jay E. Polglaze, Trustee Bill Jonson, and Trustee Hoyt Hamilton Absent 1 - Trustee Doreen Hock-DiPolito Also Present—William B. Horne — City Manager, Jill Silverboard —Assistant City Manager, Pamela K. Akin — City Attorney, Rosemarie Call — City Clerk, Nicole Sprague — Official Records and Legislative Services Coo rd in ator To provide continuity for research, items are listed in agenda order although not necessarily discussed in that order. 1. Call To Order— Chair Cretekos The meeting was called to order at 9:14 a.m. at City Hall. 2. Approval of Minutes 2.1 Approve the minutes of the January 19, 2016 Pension Trustees Meeting as submitted in written summation by the City Clerk. Trustee Hamilton moved to approve the minutes of the January 19, 2016 Pension Trustees Meeting as submitted in written summation by the City Clerk. The motion was duly seconded and carried unanimously. 3. Citizens to be Heard Regarding Items Not on the Agenda — None. 4. New Business Items 4.1 Approve the new hires for acceptance into the Pension Plan as listed. Name/Job Classification/Department Pension Eligibility Date Jason Slanina, Marine Facility Operator, Marine and Aviation 11/28/2015 Coral Raymer, Customer Service Rep., Customer Service 11/30/2015 Kyle Ga nes, Maintenance Worker, General Services 11/30/2015 Samantha Trinh, Librarian I, Library Department 11/30/2015 Eleni Proto a adakis, Police Comm. O er. Trainee, Police Dept 11/30/2015 Judith Thompson, Senior Accountant, Finance Department 12/07/2015 Quang Trinh, Network Analyst, Information Technology 12/14/2015 Page 2 City of Clearwater Pension Trustees Meeting Minutes February 16, 2016 Terrence Blackwell*, Solid Waste Worker, Solid Waste Department 12/14/2015 Bonita Amen**, Legal Staff Assistant, Legal Department 12/14/2015 Myrakale Sharp, Customer Service Representative, Customer Service 12/28/2015 Lelia Peterson, Recreation Specialist, Parks and Recreation 12/28/2015 Aaron Goodwine***, Solid Waste Equipment Operator, Solid Waste Department 12/28/2015 *Terrence Blackwell was employed in a temporary position from 09/08/2015 to 12/13/2015. He was hired into a full time position 12/14/2015 and will be eligible for pension as of 12/14/2015. ** Bonita Amen was employed in a part time position from 12/15/2014 to 12/13/2015. She was hired into a full time position 12/14/2015 and will be eligible for pension as of 12/14/2015. ***Aaron Goodwine was previously employed with the City of Clearwater, resigned effective 07/25/2015, rescinded resignation and was rehired 12/28/2015; he will be eligible for pension as of 12/28/2015. Trustee Jonson moved to approve the new hires for acceptance into the Pension Plan as listed. The motion was duly seconded and carried unanimously. 4.2 Approve the following request of employees Randall Britt, Public Utilities Department, Cindy Geary, Gas Department, Bradley Golomb, Fire Department, Wilfred Jones, Solid Waste General Services Department, Thomas F. Miller, Police Department, Larry Roberts, Engineering Department, Brian Stratton, Public Utilities Department; and Rodney Wilt, Fire Department for a regular pension as provided by Sections 2.416 and 2.424 of the Employees' Pension Plan. Randall Britt, Public Utilities Tech III, Public Utilities Department, was employed by the City on September 12, 1988, and his pension service credit is effective on that date. His pension will be effective February 1, 2016. Based on an average salary of approximately $56,375.71 over the past five years, the formula for computing regular pensions and Mr. Britt's selection of the Joint and Survivor Annuity, this pension benefit will be approximately $42,453.24 annually. Cindy Geary, Senior Staff Assistant, Gas Department, was employed by the City on August 30, 1999, and her pension service credit is effective on that date. Her pension will be effective March 1, 2016. Based on an average salary of approximately $32,835.01 over the past five years, the formula for computing regular pensions and Ms. Geary's selection of the Life Annuity, this pension benefit will be approximately $14,901.36 annually. Bradley Golomb, Fire Medic, Fire Department, was employed by the City on January 15, 1990, and his pension service credit is effective on that date. His pension will be effective February 1, 2016. Based on an average salary of Page 3 City of Clearwater Pension Trustees Meeting Minutes February 16, 2016 approximately $72,286.81 over the past five years, the formula for computing regular pensions and Mr. Golomb's selection of the 100% Joint and Survivor Annuity, this pension benefit will be approximately $50,784.48 annually. Wilfred Jones, Solid Waste Equipment Operator, Solid Waste General Services Department, was employed by the City on September 5, 1995, and his pension service credit is effective on that date. His pension will be effective January 1, 2016. Based on an average salary of approximately $38,287.48 over the past five years, the formula for computing regular pensions and Mr. Jones' selection of the 75% Joint and Survivor Annuity with a 10% Partial Lump Sum, this pension benefit will be approximately $18,457.20 annually. Thomas F. Miller, Police Officer, Police Department, was employed by the City on July 26, 1982, and his pension service credit is effective on that date. His pension will be effective February 1, 2016. Based on an average salary of approximately $89,264.70 over the past five years, the formula for computing regular pensions and Mr. Miller's selection of the 100% Joint and Survivor Annuity, this pension benefit will be approximately $80,286.00 annually. Larry Roberts, Street Sweeper Operator, Engineering Department, was employed by the City on April 4, 1988, and his pension service credit is effective on that date. His pension will be effective February 1, 2016. Based on an average salary of approximately $48,051.52 over the past five years, the formula for computing regular pensions and Mr. Robert' selection of the 66 2/3% Joint and Survivor Annuity, this pension benefit will be approximately $37,374.96 annually. Brian Stratton, Water Distribution Operator, Public Utilities Department, was employed by the City on September 23, 1985, and his pension service credit is effective on that date. His pension will be effective January 1, 2016. Based on an average salary of approximately $44,390.23 over the past five years, the formula for computing regular pensions and Mr. Stratton's selection of the 50% Joint and Survivor Annuity, this pension benefit will be approximately $38,113.68 annually. Rodney Wilt, Fire Lieutenant, Fire Department, was employed by the City on October 5, 1987, and his pension service credit is effective on that date. His pension will be effective February 1, 2016. Based on an average salary of approximately $81,467.52 over the past five years, the formula for computing regular pensions and Mr. Wilt's selection of the 100% Joint and Survivor Annuity, this pension benefit will be approximately $61,896.00 annually. Section 2.416 provides for normal retirement eligibility for non-hazardous duty employees hired prior to the effective date of this reinstatement (January 1, 2013), a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of fifty-five years and completed twenty years of credited service; the date on which a participant has reached Page 4 City of Clearwater Pension Trustees Meeting Minutes February 16, 2016 age sixty-five years and completed ten years of credited service; or the date on which a member has completed thirty years of service regardless of age. For non-hazardous duty employees hired on or after the effective date of this restatement, a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of sixty years and completed twenty-five years of credited service; or the date on which a participant has reached the age of sixty-five years and completed ten years of credited service. Mr. Britt, Ms Geary, Mr. Jones, Mr. Roberts and Mr. Stratton have met the non-hazardous duty criteria. Section 2.416 provides for normal retirement eligibility for hazardous duty employees, a member shall be eligible for retirement following the earlier of the date on which the participant has completed twenty years of credited service regardless of age, or the date on which the participant has reached fifty-five years and completed ten years of credited service. Mr. Golomb, Mr. Miller and Mr. Wilt have met the hazardous duty criteria. Trustee Polglaze moved to approve the following request of employees Randall Britt, Public Utilities Department, Cindy Geary, Gas Department, Bradley Golomb, Fire Department, Wilfred Jones, Solid Waste General Services Department, Thomas F. Miller, Police Department, Larry Roberts, Engineering Department, Brian Stratton, Public Utilities Department; and Rodney Wilt, Fire Department for a regular pension as provided by Sections 2.416 and 2.424 of the Employees' Pension Plan. The motion was duly seconded and carried unanimously. 4.3 Approve the following request of employee Christopher Topping, Solid Waste General Services Department, to vest his pension as provided by Section 2.419 of the Employees' Pension Plan. Christopher Topping, Tradesworker, Solid Waste General Services, was employed by the City on November 17, 2003 and began participating in the Pension Plan on that date. Mr. Topping terminated from City employment on January 1, 2016. The Employees' Pension Plan provides that should an employee cease to be an employee of the City of Clearwater or change status from full-time to part-time 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 Page 5 City of Clearwater Pension Trustees 5. Adjourn Attest Meeting Minutes February 16, 2016 for retirement. Section 2.416 provides for normal retirement eligibility for non - hazardous duty employees hired prior to the effective date of this reinstatement (January 1, 2013), a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of fifty -five years and completed twenty years of credited service; the date on which a participant has reached age sixty -five years and completed ten years of credited service; or the date on which a member has completed thirty years of service regardless of age. For non - hazardous duty employees hired on or after the effective date of this restatement, a member shall be eligible for retirement following the earlier of the date on which a participant has reached the age of sixty years and completed twenty -five years of credited service; or the date on which a participant has reached the age of sixty -five years and completed ten years of credited service. Mr. Topping will meet the non - hazardous duty criteria and begin collecting a pension in March 2022. Section 2.416 provides for normal retirement eligibility for hazardous duty employees, a member shall be eligible for retirement following the earlier of the date on which the participant has completed twenty years of credited service regardless of age, or the date on which the participant has reached fifty -five years and completed ten years of credited service. Trustee Hamilton moved to approve the following request of employee Christopher Topping, Solid Waste General Services Department, to vest his pension as provided by Section 2.419 of the Employees' Pension Plan. The motion was duly seconded and carried unanimously. The meeting adjourned at 9:16 a.m. eO<<t. r cjt (col Chair mployees' Pension Plan Trustees L -IRAL4c City Clerk Page 6 City of Clearwater