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03/13/2007 PENSION TRUSTEES AGENDA Location: Council Chambers - City Hall Date: 3/13/2007- 1 :30 PM 1. Call to Order 2. Approval of Minutes 2.1 Approve the minutes of the February 13, 2007 Pension Trustees meeting as submitted in written summation by the City Clerk. ~ Attachments 3. Pension Trustee Items 3.1 Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan. ~ Attachments 3.2 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. ~ Attachments 3.3 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. ~ Attachments 4. Other Business 5. Adjourn Meeting Date:3/13/2007 Pension Trustees Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Approve the minutes of the February 13, 2007 Pension Trustees meeting as submitted in written summation by the City Clerk. SUMMARY: Review Approval: 1) Clerk Cover Memo Item # 1 Attachment number 1 Page 1 of 3 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES CITY OF CLEARWATER February 13, 2007 Unapproved Present: Frank Hibbard Carlen Petersen William C. Jonson John Doran J.B. Johnson Also Present: William B. Horne, II Garry Brumback Rod Irwin Pamela Akin Cynthia E. Goudeau Rosemarie Call Chair Trustee Trustee Trustee Trustee City Manager Assistant City Manage Assistant City Manag City Attorney City Clerk Managem The Chair called the meeting to orde To provide for continuity ~ necessarily discussed in that or the minutes of the January 16, 2007 n summation by the City Clerk. The imously. ss & De t./Div. ason, Police Cadet/Police Ma Parco, Police Cadet/Police Andrew W, Wihr, Equip Operator/Solid Waste Barron Harris, Parks Service Tech I/Parks & Rec Scott Jordan, Dev. Review Tech I.IPublic Services Nikole Eaton, Police Cadet/Police Charles Shuman, Fleet Mechanic/Gen Svc Pension Trustees 2007-02-13 Hire Date 1 0/30/06 1 0/30/06 1 0/30/06 1 0/30/06 1 0/30/06 1 0/30/06 1 /26/05 Pension Eli 1 0/30/06 1 0/30/06 1 0/30/06 1 0/30/06 1 0/30/06 1 0/30/06 1 0/30/06* Item # 11 Shawn Cobb, Public Services Tech I/Public Svcs Jennifer O'Neal, Recreation Leader/Parks & Rec Carmen Pagan, Customer Service Rep/Cust Service Bruce Bender, Fleet Mechanic/General Services Robert Morig, Parks Service Tech I/Parks & Rec Davon Watson, Public Utilities Tech I/Public Utilities Calvin Hoyt, Parks Service Tech I/Parks & Rec Charity Snurr, Customer Service Rep/Engineering Daniel Nielsen, Solid Waste Worker/Solid Waste Safia Rabah, Police comm. Operator Trainee/Police Caprice Mueller, Recreation Leader/Parks & Rec Sidney Ferguson, Electronics Tech/Engineering Patricia Kuligowski, Staff Asst/Public Svcs Bruco Baermann, Police Officer/Police Barron Harris, Parks Service Tech I/Parks & Rec Cassandra Hampton, Comm Operator Trainee/Police 11/13/0 Donald Melone, Survey Assistant I/Engineer" 12/11/06 Robert Sullivan, Survey Assistant I/Engi /11/06 Evan Pedone, Parking Enforce. Speci 11/06 Loyd Simmons, Recreation Program 06 *employee resigned and withdre eligible as of 10/30/06 **employee originally hired eligible 1/12/06 1 0/30/06 11/13/06 11/13/06 11/13/06 11/13/06 11/13/06 11/13/06 11/1 1 Attachment number 1 Page 2 of 3 1 0/30/06 11/13/06 11/13/06 11/13/06 11/13/06 11/13/06 /13/06 3/06 pension embership in the City seconded and carried the 1977. approxi regular p pension wil hter Driver/Operator, Fire Department, was employed by , and his pension service credit is effective on June 2, be effective March 1, 2007. Based on an average salary of ,800 per year over the past five years, the formula for computing s, and Mr. Dean's selection of the 100% Joint & Survivor Annuity, this approximate $57,700 annually. James T. Peppe, Fire Medic Lieutenant, Fire 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 February 1, 2007. Based on an average salary of Pension Trustees 2007-02-13 Item #21 Attachment number 1 Page 3 of 3 approximately $83,306 per year over the past five years, the formula for computing regular pensions, and Mr. Peppe's selection of the 100% Joint & Survivor Annuity, this pension will approximate $66,825 annually. These pensions were approved by the Pension Advisory Committee on January 11,2007. Section 2.393 provides for normal retirement eligibility when a participant has completed twenty years of credited service or has reached age 55 and co eted ten years of credited service in a type of employment described as" do further defines service as a Firefighter Driver/Operator and Fir Lie meeting the hazardous duty criteria. Mr. Dean and Mr. Pepp y under hazardous duty criteria. Trustee Petersen moved to grant Larry D. Dean, Fire De Peppe, Fire Department, regular pensions under Section(s) 2. Employees' Pension Plan as approved by the Pension Adviso motion was duly seconded and carried unanimously. 4. Other Business - None. 5. Adjourn The meeting adjourned at Chair Employees' Pension Plan Trustee Pension Trustees 2007-02-13 Item #31 Pension Trustees Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: Accept the employees listed below into membership in the City of Clearwater's Employees' Pension Plan. SUMMARY: Name, Job Class, & Dept./Div. Catherine Hesse, Planner IIPlanning Aaron Williams, Pks. Ser. Tech.IParks & Rec. Anthony DiGiogio, Police OfficerIPolice Andrew Bellucci, Police CadetIPolice Richard Baron, WWTP Oper. Trne.IPub. Util. J ames Stewart, Police Officer/Police Benjamin Rittenhouse, Pks. Ser. Tech. IIPks. & Rec. Michelle Poldino, Police CadetIPolice Brad Baker, Police OfficerIPolice Nicholas Giordano, Police OfficerIPolice Ryan McMullen, Police OfficerIPolice Brian Tejera, Police OfficerIPolice Justin Littleton, Solid Waste Worker/Solid Waste Scott Breeding, Custodial Worker/Solid Waste William Tsanakaliotis, WWTP Oper. Trne.IPub. Util. Petras Jakstras, Pks. Ser. Tech. IIPks. & Rec. Larry Bruce, Pks. Ser. Tech. IIPks. & Rec. Adam Jacques, Police OfficerIPolice Rhobby Jenkins, Police OfficerIPolice Gary A. Guegan, Fire Inspector II/Fire Hire Date 1/3/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 Pension Elig. Date 1/3/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 * 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 1/8/07 Meeting Date:3/13/2007 * orignally hired as temporary on 10/30/06; changed to permanent full-time and pension eligible as of 1/8/07 Review Approval: 1) Clerk Cover Memo Item # 2 Meeting Date:3/13/2007 Pension Trustees Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: 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. SUMMARY: 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 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 regtt!arJ~sions, and Mr. Bligh's selection of the Life Annuity, this pension will approximate $23,654 annually. ov emo Item # 3 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. Review Approval: 1) Clerk Cover Memo Item # 3 Meeting Date:3/13/2007 Pension Trustees Agenda Council Chambers - City Hall SUBJECT / RECOMMENDATION: 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. SUMMARY: Marshid 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. 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 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. Review Approval: 1) Clerk Cover Memo Item # 4