12/08/2016 Pension Advisory Committee Meeting Minutes December 8, 2016
City of Clearwater
City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
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Meeting Minutes
Thursday, December 8, 2016
9:00 AM
Council Chambers - City Hall
Pension Advisory Committee
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City of Clearwater
Pension Advisory Committee Meeting Minutes December 8, 2016
Roll Call
Present 5 - Chair Nathan Hightower, Vice Chair Tom Jensen, Committee
Member Greg Newland, Committee Member Bob Cundiff, and
Committee Member Diane Devol
Absent 2 - Committee Member Bill Jonson, and Committee Member Hoyt
Hamilton
Also Present - Joe Roseto — Human Resources Director, Patricia O. Sullivan - Board
Reporter
1. Call To Order
The Chair called the meeting to order at 9:01 a.m. at City Hall.
2. Approval of Minutes
2.1 Approve minutes of November 10, 2016 Pension Advisory Committee meeting as
submitted in written summation.
Member Newland moved to approve minutes of November 10, 2016
Pension Advisory Committee meeting as submitted in written
summation. 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 Recommend approval of the new hires for acceptance into the Pension Plan as listed.
Name, Job Classification, Department Pension Eligibility Date
Daniel Ruben, Parks Service Technician I, Parks and Recreation 10/31/2016
Ernest Franks, Public Utilities Technician I, Public Utilities 11/14/2016
David Vincent, Fleet Mechanic, General Services 11/14/2016
Ronald Testa, Building Inspection Technician, Planning and Development 11/14/2016
Member Jensen moved to approve minutes of November 10, 2016
Pension Advisory Committee meeting as submitted in written
summation. The motion was duly seconded and carried
unanimously.
4.2 Recommend approval of the following request of employees Jana Hofferle,
Engineering Department and Catalina Tefft, Finance Department, to vest their
pensions as provided by Section 2.419 of the Employees' Pension Plan.
Jana Hofferle, Parking Enforcement Supervisor, Engineering
Department, was employed by the City on August 19, 1996, and began
participating in the Pension Plan on that date. Ms. Hofferle terminated from
City employment on November 23, 2016.
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City of Clearwater
Pension Advisory Committee Meeting Minutes December 8, 2016
Catalina H. Tefft, Procurement Analyst, Finance Department, was
employed by the City on March 21, 2005, and began participating in the
Pension Plan on that date. Ms. Tefft will terminate from City employment
on December 15, 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 for retirement.
Section 2.416 provides for normal retirement eligibility for non-hazardous
duty employees hired prior to the effective date of this reinstatement
(1/1/13), a member shall be eligible for retirement following the earlier of the
date on which a participant has reached the age of fifty-five (55) years and
completed twenty (20) years of credited service; the date on which a
participant has reached age sixty-five (65) years and completed ten (10)
years of credited service; or the date on which a member has completed
thirty (30) 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 (60) years and completed
twenty-five (25) years of credited service; or the date on which a participant
has reached the age of sixty-five (65) years and completed ten (10) years of
credited service. Ms. Hofferle will meet the non-hazardous duty criteria and
begin collecting a pension in September 2026. Ms. Tefft will meet the
non-hazardous duty criteria and begin collecting a pension in September
2026.
Member Devol moved to recommend approval of the following
request of employees Jana Hofferle, Engineering Department and
Catalina Tefft, Finance Department, to vest their pensions as
provided by Section 2.419 of the Employees' Pension Plan. The
motion was duly seconded and carried unanimously.
4.3 Recommend approval of the following request of employee Kathleen LaTerza, Parks
and Recreation Department for a regular pension as provided by Sections 2.416 and
2.424 of the Employees' Pension Plan.
Kathleen LaTerza, Recreation Program Coordinator, Parks and
Recreation Department, was employed by the City on December 1, 19867
and her pension service credit is effective on that date. Her pension will be
effective January 1, 2017. Based on an average salary of approximately
$70,218.79 over the past five years, the formula for computing regular
pensions and Ms. LaTerza's selection of the Life Annuity, this pension
benefit will be approximately $58,075.32 annually.
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City of Clearwater
Pension Advisory Committee
Meeting Minutes December 8, 2016
Section 2.416 provides for normal retirement eligibility for non - hazardous
duty employees hired prior to the effective date of this reinstatement
(1/1/13), a member shall be eligible for retirement following the earlier of the
date on which a participant has reached the age of fifty -five (55) years and
completed twenty (20) years of credited service; the date on which a
participant has reached age sixty -five (65) years and completed ten (10)
years of credited service; or the date on which a member has completed
thirty (30) 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 (60) years and completed
twenty -five (25) years of credited service; or the date on which a participant
has reached the age of sixty -five (65) years and completed ten (10) years of
credited service. Ms. LaTerza has met the non - hazardous duty criteria.
Member Cundiff moved to recommend approval of the following
request of employee Kathleen LaTerza, Parks and Recreation
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.
5. Old Business Item: None.
6. Director's Report
Human Resources Director Joe Roseto distributed information re
FPPTA (Florida Public Pension Trustees Association) Trustees School,
January 29 - February 1, 2017, Rosen Centre, Orlando.
Mr. Roseto wished all a Happy Holiday season.
7. Board Members to be Heard
Members wished all Happy Holidays.
8. Adjourn
The meeting adjourned at 9:03 a.m.
City of Clearwater
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Pension Advisory Committee
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