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03/08/2018 Pension Advisory Committee Meeting Minutes March 8, 2018 City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 e I Meeting Minutes Thursday, March 8, 2018 9:00 AM Council Chambers - City Hall Pension Advisory Committee Page 1 City of Clearwater Pension Advisory Committee Meeting Minutes March 8, 2018 Roll Call Present 4 - Chair Nathan Hightower, Committee Member Bill Jonson, Committee Member Bob Cundiff, and Committee Member Hoyt Hamilton Absent 3 - Vice Chair Tom Jensen, Committee Member Diane Devol, and Committee Member Greg Newland Also Present - Michelle Kutch Human Resources Manager, Patricia O. Sullivan — Board Reporter 1. Call To Order The Chair called the meeting to order at 9:00 a.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 minutes of February 8, 2018 Pension Advisory Committee meeting as submitted in written summation. Member Cundiff moved to approve minutes of February 8, 2018 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 Gregory Jones, Parking, Facility & Security aide, Marine & Aviation 2/03/2018 Travontae Butler, Solid Waste Worker, Solid Waste 2/05/2018 Matthew Henderson, Solid Waste Worker, Solid Waste 2/05/2018 Gordon Dixon, Solid Waste Equipment Operator, Solid Waste 2/05/2018 Derek Williams, Solid Waste Equipment Operator, Solid Waste 2/05/2018 Jennifer Bowne, Librarian II, Library 2/05/2018 Jennifer Jones, Librarian I, Library 2/05/2018 Jewel Smith, Recreation Specialist, Parks & Recreation 2/05/2018 Carrie Szurly, Human Resources Office Assistant, Human Resources 2/05/2018 Rachel Fox, Accounting Technician, Parks & Recreation 2/05/2018 Marci Colton, Police Information Technician I, Police 2/05/2018 Zeron Rance, Utilities Mechanic, Public Utilities 2/05/2018 Kelly Calhoun, Telecommunications Analyst, Information Technology 2/05/2018 Michael Hegenbarth, Parking Technician, Engineering 2/17/2018 Alexandra Eustis, Pool Guard, Parks & Recreation 2/17/2018 Page 2 City of Clearwater Pension Advisory Committee Meeting Minutes March 8, 2018 Michele LaBrie, Marine Facility Operator, Marine & Aviation 2/18/2018 Tre Bunch, Solid Waste Worker, Solid Waste 2/19/2018 Andrew Crews, Construction Inspector II, Engineering 2/20/2018 Modesto Gonzalez, Traffic Engineering Assistant, Engineering 2/20/2018 Ursula Landsman, Accounting Technician, Library 2/20/2018 Daniel Smith, Utilities Mechanic, Public Utilities 2/20/2018 Member Hamilton moved to recommend approval of the new hires for acceptance into the Pension Plan as listed. The motion was duly seconded and carried unanimously. 4.2 Recommend approval of the following request of employees Christopher Defayette, Police Department and Jeffery Richardson, Police Department, to vest their pensions as provided by Section 2.419 of the Employees' Pension Plan. Christopher Defayette, Police Officer, Police Department, was employed by the City on January 9, 2006, and began participating in the Pension Plan on that date. Mr. Defayette terminated from City employment on February 3, 2018. Jeffery Richardson, Police Officer, Police Department, was employed by the City on December 16, 2002, and began participating in the Pension Plan on that date. Mr. Richardson terminated from City employment on February3, 2018. 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 hazardous duty employees, a member shall be eligible for retirement following the earlier of the date on which the participant has completed twenty (20) years of credited service regardless of age, or the date on which the participant has reached fifty-five (55) years and completed ten (10) years of credited service. Mr. Defayette will meet the hazardous duty criteria and begin collecting pension in February 2026. Mr. Richardson will meet the hazardous duty criteria and begin collecting pension in January 2023. Member Jonson moved to recommend approval of the following request of employees Christopher Defayette, Police Department and Jeffery Richardson, Police 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 employees Kevin Cobb, Solid Waste General Services Department, Terrance Labelle, Public Utilities, Roger Larkin, Page 3 City of Clearwater Pension Advisory Committee Meeting Minutes March 8, 2018 Engineering and Kathleen McMullen, Information Technology Department, for a regular pension as provided by Sections 2.416 and 2.424 of the Employees' Pension Plan. Kevin Cobb, Fleet Mechanic, Solid Waste General Services Department, was employed by the City on May 28, 1996, and his pension service credit is effective on that date. His pension will be effective June 1, 2018. Based on an average salary of approximately $59,797.69 over the past five years, the formula for computing regular pensions and Mr. Cobb's selection of the Life Annuity, this pension benefit will be approximately $36,191.28 annually. Terrance Labelle, Public Utilities Coordinator, Public Utilities Department, was employed by the City on December 1, 1996, and his pension service credit is effective on July 21, 1998. His pension will be effective March 1, 2018. Based on an average salary of approximately $68,628.45 over the past five years, the formula for computing regular pensions and Mr. Labelle's selection of the 100% Joint and Survivor Annuity, this pension benefit will be approximately $31,245.96 annually. Roger Larkin, Construction Inspector II, Engineering Department, was employed by the City on May 27, 1997, and his pension service credit is effective on that date. His pension will be effective March 1, 2018. Based on an average salary of approximately $40,479.19 over the past five years, the formula for computing regular pensions and Mr. Larkin's selection of the Life Annuity, this pension benefit will be approximately $23,089.20 annually. Kathleen McMullen, Senior Telecommunications Analyst, Information Technology Department, was employed by the City on November 10, 1997, and her pension service credit is effective on that date. Her pension will be effective March 1, 2018. Based on an average salary of approximately $63,783.76 over the past five years, the formula for computing regular pensions and Ms. McMullen's selection of the LifeAnnuity, this pension benefit will be approximately $35,621.88 annually. 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. Mr. Cobb, Mr. Labelle, Mr. Larkin and Ms. McMullen have met the non-hazardous duty criteria. Page 4 City of Clearwater Pension Advisory Committee Meeting Minutes March 8, 2018 Member Cundiff moved to recommend approval of the following request of employees Kevin Cobb, Solid Waste General Services Department, Terrance Labelle, Public Utilities, Roger Larkin, Engineering and Kathleen McMullen, Information Technology 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. 4.4 Appoint Michael Walek, Matthew Dupree, John Klinefelter, Roberta Gluski and Denise Balog to serve as the PAC Election Committee with John Klinefelter serving as Chairman. (employee only item) Member Hamilton moved to continue Item 4.4 to April 12, 2018. The motion was duly seconded and carried unanimously. 4.5 Appoint 7th Committee Member Member Hamilton moved to appoint Nathan Hightower as the 7th Pension Advisory Committee member. The motion was duly seconded and carried unanimously. 5. Old Business Item: None. 6. Director's Report Human Resources Manager Michelle Kutch said an informal disability hearing may be on the April 12, 2018 agenda. 7. Board Members to be Heard Member Hamilton said he may miss several future PAC meetings as he also needed to attend another board meeting that conflicted with PAC. Member Jonson said he had enjoyed serving on the PAC. Chair Hightower presented his traditional farewell gift of donuts (powdered) to Member Jonson. 8. Adjourn Attest: oard Reporte City of Clearwater The meeting adjourned at 9:10 a.m. Page 5 Chair Pension Advisory Committee