01/16/2018Tuesday, January 16, 2018
9:00 AM
City of Clearwater
City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
Council Chambers
Pension Trustees
Meeting Agenda
January 16, 2018Pension Trustees Meeting Agenda
1. Call To Order
2. Approval of Minutes
2.1 Approve the minutes of the November 13, 2017 Pension Trustees Meeting as
submitted in written summation by the City Clerk.
3. Citizens to be Heard Regarding Items Not on the Agenda
4. New Business Items
4.1 Approve the new hires for acceptance into the Pension Plan as listed.
4.2 Approve the following request of employees Angela Aldrich, Parks and
Recreation, Sylvia Francis, Police Department and Jennifer Tudor, Library
Department, to vest their pensions as provided by Section 2.419 of the
Employees’ Pension Plan.
4.3 Approve the following request of employees Michael Quillen, Engineering
Department, and Timothy Sparrow, Fire Department, for a regular pension as
provided by Sections 2.416 and 2.424 of the Employees’ Pension Plan.
4.4 Approve the new hires for acceptance into the Pension Plan as listed.
4.5 Approve the following request of employees John Margnelli, Police Department
and Richard Rozzi III, Public Utilities Department, to vest their pensions as
provided by Section 2.419 of the Employees’ Pension Plan.
4.6 Recommend approval of the following request of employees Christopher
Precious, Police Department and Wyatt Walker, Public Utilities Department, for
a regular pension as provided by Sections 2.416 and 2.424 of the Employees’
Pension Plan.
5. Adjourn
Page 2 City of Clearwater Printed on 1/5/2018
Cover Memo
City of Clearwater City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
File Number: ID#17-4080
Agenda Date: 1/16/2018 Status: Agenda ReadyVersion: 1
File Type: MinutesIn Control: Pension Trustees
Agenda Number: 2.1
SUBJECT/RECOMMENDATION:
Approve the minutes of the November 13, 2017 Pension Trustees Meeting as submitted in
written summation by the City Clerk.
SUMMARY:
APPROPRIATION CODE AND AMOUNT:
USE OF RESERVE FUNDS:
Page 1 City of Clearwater Printed on 1/5/2018
Pension Trustees Meeting Minutes November 13, 2017
Page 1
City of Clearwater
City of Clearwater
City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
Meeting Minutes
Monday, November 13, 2017
1:00 PM
Council Chambers
Pension Trustees
Draft
Pension Trustees Meeting Minutes November 13, 2017
Page 2
City of Clearwater
Roll Call
Present 5 - Chair George N. Cretekos, Trustee Doreen Caudell, Trustee Bob
Cundiff, Trustee Hoyt Hamilton, and Trustee Bill Jonson
Also Present – William B. Horne – City Manager, Jill Silverboard – Deputy City
Manager, Micah Maxwell – Assistant City Manager, Pamela K.
Akin – City Attorney, Rosemarie Call – City Clerk, Nicole
Sprague – Official Records and Legislative Services Coordinator,
and Joe Roseto – Human Resources Director
To provide continuity for research, items are listed in agenda order although not
necessarily discussed in that order.
Unapproved
1. Call to Order – Chair Cretekos
The meeting was called to order at 1:42 p.m. 2. Approval of Minutes
2.1 Approve the minutes of the October 16, 2017 Pension Trustees Meeting as submitted in
written summation by the City Clerk.
Trustee Jonson moved to approve the minutes of the October 16,
2017 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
Margaux La Barge, Customer Service Rep, Customer Service 09/02/2017
John Mellor, Solid Waste Equipment Operator, Solid Waste 09/04/2017
Sara Bayly, Customer Service Representative, Customer Service 09/05/2017
John Anderson, Accountant, Gas 09/05/2017
Madai Gutierrez, Recreation Specialist, Parks and Recreation 09/05/2017 Draft
Pension Trustees Meeting Minutes November 13, 2017
Page 3
City of Clearwater
Yiannis Halvatzis, Recreation Specialist, Parks and Recreation 09/05/2017
Christopher Tisdale, Parks Service Technician I, Parks and
Recreation
09/05/2017
Charles Hargrove, Parks Service Technician III, Parks and
Recreation
09/05/2017
Haris Kasumovic, Water Distribution Operator Trainee, Public Utilities 09/05/2017
Tyraven Jackson, Water Distribution Operator Trainee, Public Utilities 09/05/2017
Kenneth Fluitt, Jr. , Solid Waste Equipment Operator, Solid Waste 09/05/2017
DeVante Lang, Solid Waste Worker, Solid Waste 09/16/2017
Eric Saccasyn, Fire Inspector II, Fire 09/18/2017
Trustee Caudell 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 employee Darci Willis, Public Utilities Department, to
vest their pension as provided by Section 2.419 of the Employees’ Pension Plan.
Darci Willis, Wastewater Treatment Plant Operator A, Public Utilities
Department, was employed by the City on October 24, 1998, and began
participating in the Pension Plan on that date. Ms. Willis terminated from City
employment on September 8, 2017. 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 (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 Draft
Pension Trustees Meeting Minutes November 13, 2017
Page 4
City of Clearwater
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.
Ms. Willis will meet the non-hazardous duty criteria and begin collecting a
pension in November 2018.
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 Cundiff moved to approve the following request of
employee Darci Willis, Public Utilities Department, to vest their
pension as provided by Section 2.419 of the Employees’ Pension
Plan. The motion was duly seconded and carried unanimously.
4.3 Approve the following request of employees Dane Heatherington, Engineering
Department, James Hornaday, Gas Department and Anthony Sammartano, Fire
Department, for a regular pension as provided by Sections 2.416 and 2.424 of the
Employees’ Pension Plan.
Dane Heatherington, Traffic Signal Technician, Engineering Department, was
employed by the City on January 14, 1991, and his pension service credit is
effective on that date. His pension will be effective October 1, 2017. Based on
an average salary of approximately $61,630.69 over the past five years, the
formula for computing regular pensions and Mr. Heatherington selection of the
Joint and Survivor Annuity, this pension benefit will be approximately $45,271.20
annually.
James Hornaday, Gas Technician III, Gas Department, was employed by the
City on June 13, 1994, and his pension service credit is effective on that date.
His pension will be effective October 1, 2017. Based on an average salary of
approximately $55,182.48 over the past five years, the formula for computing
regular pensions and Mr. Hornaday’s selection of the 100% Joint and Survivor
Annuity, this pension benefit will be approximately $28,752.84 annually.
Anthony Sammartano, Fire Lieutenant, Fire Department, was employed by the
City on March 3, 1997, and his pension service credit is effective on that date.
His pension will be effective October 1, 2017. Based on an average salary of
approximately $109,662.12 over the past five years, the formula for computing Draft
Pension Trustees Meeting Minutes November 13, 2017
Page 5
City of Clearwater
regular pensions and Mr. Sammartano’s selection of the 100% Joint and
Survivor Annuity, this pension benefit will be approximately $60,461.52 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
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. Heatherington and Mr. Hornaday 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. Sammartano has met
the hazardous duty criteria.
Trustee Hamilton moved to approve the following request of
employees Dane Heatherington, Engineering Department, James
Hornaday, Gas Department and Anthony Sammartano, 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.
4.4 Approve the termination of small cap value equity money manager Systematic Financial
Management and authorize the appropriate officials to execute same.
Systematic was hired as a small cap value equity manager for the plan in July
2003. As of June 30, 2017, the market value of the plan’s investment in
Systematic’s small cap value equity product totaled $12.34 million, or 1.28% of
the total investment portfolio. Systematic’s performance has steadily declined in
recent years, as detailed below. The Pension Investment Committee
unanimously recommends termination at this time.
Percentile
As of 6/30/2017 Systematic Ranking Benchmark Draft
Pension Trustees Meeting Minutes November 13, 2017
Page 6
City of Clearwater
Last 3 years 3.21% 99th 7.02%
Last 5 years 12.22% 95th 13.38%
Staff will be bringing a separate agenda item forward for replacement of
Systematic in the small cap value equity investment category.
Accounting Manager Mary Beth Setter said Systematic has been with the
City since 2003. Staff follows a continued discipline to review the
performance
thoroughly and objectively. If the performance is below standard, the
company
is placed on a watch list and meet with staff; the termination process is
pursued if they continue to underperform.
Trustee Jonson moved to approve the termination of small cap
value equity money manager Systematic Financial Management
and authorize the appropriate officials to execute same. The
motion was duly seconded and carried unanimously.
4.5 Approve an agreement with Victory Capital for investment in their Sycamore Small Cap
Value Equity product, and authorize the appropriate officials to execute same.
One of the plan’s small cap value equity money managers, Systematic, has
been recommended for termination per a previous agenda item.
At the May 2017 pension investment committee quarterly meeting, the
committee requested the plan’s investment performance consultant, CapTrust
Advisors, conduct a manager search for a replacement small cap value equity
manager. At a special meeting of the committee during June 2017, the
committee unanimously selected Victory Sycamore Small Cap Value Equity for
a due diligence interview of the firm, which was subsequently conducted at the
committee’s August 2017 quarterly meeting.
The pension investment committee unanimously recommends Victory
Sycamore Small Cap Value Equity to the Trustees for an investment of up to
$15 million, or approximately 1.5% of the total plan investment portfolio.
As of June 30, 2017, Sycamore Small Cap Value Equity’s performance over the
past ten years has been as follow:
Russell 2000
Performance Value Index
Last 3 years 11.08% 7.02% Draft
Pension Trustees Meeting Minutes November 13, 2017
Page 7
City of Clearwater
Last 5 years 15.86% 13.39%
Last 10 years 9.52% 5.92%
Investment manager fees will be 1.0% on the first $10 million; and 0.85% on the
next $15 million.
APPROPRIATION CODE AND AMOUNT:
0646-07410-530100-585-000-0000 $142,500 annually
In response to questions, Accounting Manager Mary Beth Setter said staff
evaluated two funds for termination; one of the funds was terminated last
month. Finance Director Jay Ravins said the delay for a new money
manager agreement was due to the negotiation process between the
pension attorney and money manager attorney. The Pension Plan is
purchasing into their
product where the Plan will own a share of their product equivalent to the
Plan's investment. The money manager will conform to the Plan's
investment policy.
Trustee Caudell moved to approve an agreement with Victory
Capital for investment in their Sycamore Small Cap Value Equity
product, and authorize the appropriate officials to execute same.
The motion was duly seconded and carried unanimously.
4.6 Approve a new agreement between the City of Clearwater and the law firm of Klausner
Kaufman Jensen and Levinson, to serve as outside counsel to the Pension Trustees and
the Pension Advisory Committee (PAC), and authorize the appropriate officials to
execute same.
The law firm of Klausner Kaufman Jensen & Levinson (previously Klausner &
Kaufman, P.A.) has served as outside counsel to the Trustees and PAC since
2003. The hourly rate was initially $250 per hour and increased to $300 per hour
in May 2008. At this time Klausner Kaufman Jensen & Levinson is requesting a
rate increase to $350 per hour, to be effective January 1, 2018.
A total of $62,428 in fees was paid to the firm during fiscal year 2017.
The service provided as outside counsel for the pension plan has been
exceptional and staff recommends approval of the new agreement at the rate of
$350 per hour.
APPROPRIATION CODE AND AMOUNT: Draft
Pension Trustees Meeting Minutes November 13, 2017
Page 8
City of Clearwater
Budgeted funds are available in 0646-07410-530100-585-000-0000 to fund the
increase.
In response to a question, Human Resources Director Joe Roseto said
there is no requirement to release a Request for Proposals for legal
services. Klausner Kaufman Jensen and Levinson are the best in public
pensions; many firms do not have expertise in public sector pensions.
Trustee Cundiff moved to approve a new agreement between the
City of Clearwater and the law firm of Klausner Kaufman Jensen
and Levinson, to serve as outside counsel to the Pension
Trustees and the Pension Advisory Committee (PAC), and
authorize the appropriate officials to execute same. The motion
was duly seconded and carried unanimously.
5. Other Business – None. 6. Adjourn
The meeting adjourned at 1:57 p.m.
Chair
Employees’ Pension Plan Trustees
Attest
City Clerk Draft
Cover Memo
City of Clearwater City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
File Number: ID#17-4034
Agenda Date: 1/16/2018 Status: Agenda ReadyVersion: 2
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.1
SUBJECT/RECOMMENDATION:
Approve the new hires for acceptance into the Pension Plan as listed.
SUMMARY:
Name, Job Classification, Department Pension Eligibility Date
Sarah Fletcher, Library Assistant, Library 09/30/2017
Steven Buis, Police Officer, Police 08/21/2017
Atef Hanna, Senior Professional Engineer, Engineering 10/02/2017
Mindy Hewitt, WasteWater Treatment Plant Operator, Public Utilities 10/02/2017
Aaron Kunkel, WasteWater Treatment Plant Operator, Public Utilities 10/02/2017
Michael Flanigan, Public Utilities Coordinator, Public Utilities 10/02/2017
Kyle Chiappone, WasteWater Treatment Plant Operator, Public Utilities 10/02/2017
Charles Kordick II, Gas Technician I, Gas 10/02/2017
Eric Hoffmaster, Police Communications Operator Trainee, Police 10/02/2017
Jason Baugh, Solid Waste Equipment Operator, Solid Waste 10/02/2017
Tanya Wilson, Service Dispatcher, Gas 10/16/2017
Jason Bishop, Solid Waste Equipment Operator, Solid Waste 10/16/2017
Bernard Castillo, Police Officer, Police 10/16/2017
Anastasia Delgado, Police Officer, Police 10/16/2017
William Giannas, Police Officer, Police 10/16/2017
Michael Kontodiakos, Police Officer, Police 10/16/2017
David Kurinsky, Police Officer, Police 10/16/2017
Jessica Manganaro, Police Officer, Police 10/16/2017
Brandon Marchione, Police Officer, Police 10/16/2017
Zachary Senter, Police Officer, Police 10/16/2017
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A
Page 1 City of Clearwater Printed on 1/5/2018
Interoffice Correspondence Sheet TO: Pension Advisory Committee
FROM: Joseph Roseto, Human Resources Director
SUBJECT: Recommendation for Acceptance into Pension Plan DATE: Subject/Recommendation: Recommend approval of the new hires for acceptance into the Pension Plan as listed.
Name Job Classification Department
Pension
Eligibility
Date
Sarah Fletcher Library Assistant Library 09/30/2017
Steven Buis Police Officer Police 08/21/2017
Atef Hanna Senior Professional Engineer Engineering 10/02/2017
Mindy Hewitt WasteWater Treatment Plant Operator Public Utilities 10/02/2017
Aaron Kunkel WasteWater Treatment Plant Operator Public Utilities 10/02/2017
Michael Flanigan Public Utilities Coordinator Public Utilities 10/02/2017
Kyle Chiappone WasteWater Treatment Plant Operator Public Utilities 10/02/2017
Charles Kordick II Gas Technician I Gas 10/02/2017
Eric Hoffmaster Police Communications Operator Trainee Police 10/02/2017
Jason Baugh Solid Waste Equipment Operator Solid Waste 10/02/2017
Tanya Wilson Service Dispatcher Gas 10/16/2017
Jason Bishop Solid Waste Equipment Operator Solid Waste 10/16/2017
Bernard Castillo Police Officer Police 10/16/2017
Anastasia Delgado Police Officer Police 10/16/2017
William Giannas Police Officer Police 10/16/2017
Michael Kontodiakos Police Officer Police 10/16/2017
David Kurinsky Police Officer Police 10/16/2017
Jessica Manganaro Police Officer Police 10/16/2017
Brandon Marchione Police Officer Police 10/16/2017
Zachary Senter Police Officer Police 10/16/2017
Cover Memo
City of Clearwater City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
File Number: ID#17-4035
Agenda Date: 1/16/2018 Status: Agenda ReadyVersion: 2
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.2
SUBJECT/RECOMMENDATION:
Approve the following request of employees Angela Aldrich, Parks and Recreation, Sylvia
Francis, Police Department and Jennifer Tudor, Library Department, to vest their pensions as
provided by Section 2.419 of the Employees’ Pension Plan.
SUMMARY:
Angela Aldrich, Staff Assistant, Parks and Recreation Department, was employed by the City
on October 29, 2007, and began participating in the Pension Plan on that date. Ms. Aldrich
terminated from City employment on November 2, 2017.
Sylvia Francis, Police Information Tech II, Police Department, was employed by the City on May
24, 1999, and began participating in the Pension Plan on that date. Ms. Francis terminated
from City employment on October 27, 2017.
Jennifer Tudor, Librarian II, Library Department, was employed by the City on April 18, 1994,
and began participating in the Pension Plan on that date. Ms. Tudor terminated from City
employment on October 6, 2017.
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 (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.
Ms. Aldrich will meet the non-hazardous duty criteria and begin collecting a pension in March
2025. Ms. Francis will meet the non-hazardous duty criteria and begin collecting a pension in
July 2024. Ms. Tudor will meet the non-hazardous duty criteria and begin collecting a pension
in February 2024.
Page 1 City of Clearwater Printed on 1/5/2018
File Number: ID#17-4035
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.
APPROPRIATION CODE AND AMOUNT:
N/A
USE OF RESERVE FUNDS:
N/A
Page 2 City of Clearwater Printed on 1/5/2018
Cover Memo
City of Clearwater City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
File Number: ID#17-4036
Agenda Date: 1/16/2018 Status: Agenda ReadyVersion: 2
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.3
SUBJECT/RECOMMENDATION:
Approve the following request of employees Michael Quillen, Engineering Department, and
Timothy Sparrow, Fire Department, for a regular pension as provided by Sections 2.416 and
2.424 of the Employees’ Pension Plan.
SUMMARY:
Michael Quillen, Engineering Director, Engineering Department, was employed by the City on
November 18, 1991, and his pension service credit is effective on that date. His pension will be
effective December 1, 2017. Based on an average salary of approximately $114,051.90 over
the past five years, the formula for computing regular pensions and Mr. Quillen’s selection of
the Joint and Survivor Annuity, this pension benefit will be approximately $81,590.64 annually.
Timothy Sparrow, Fire Assistant Chief, Fire Department, was employed by the City on January
3, 2006, and his pension service credit is effective on that date. His pension will be effective
January 1, 2018. Based on an average salary of approximately $87,458.87 over the past five
years, the formula for computing regular pensions and Mr. Sparrow’s selection of the Joint and
Survivor Annuity, this pension benefit will be approximately $28,841.40 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 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. Quillen has 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.
Sparrow has met the hazardous duty criteria.
APPROPRIATION CODE AND AMOUNT: N/A
Page 1 City of Clearwater Printed on 1/5/2018
File Number: ID#17-4036
Page 2 City of Clearwater Printed on 1/5/2018
Cover Memo
City of Clearwater City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
File Number: ID#17-4149
Agenda Date: 1/16/2018 Status: Agenda ReadyVersion: 2
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.4
SUBJECT/RECOMMENDATION:
Approve the new hires for acceptance into the Pension Plan as listed.
SUMMARY:
Name/Job Classification/Department Pension Eligibility Date
Jarred Sears, Beach Lifeguard, Parks and Recreation 10/14/2017
Marisa Cummins, Beach Lifeguard, Parks and Recreation 10/28/2017
Eugene Venter, Parks Service Technician I, Parks and Recreation 10/30/2017
Scott Hinves, Parks Service Technician I, Parks and Recreation 10/30/2017
William Walker II, Building Construction Inspector, Planning and Development 10/30/2017
Andrew Cistone, Police Communications Operator, Police 11/13/2017
Ashley Garcia, Police Communications Operator Trainee, Police 11/13/2017
Kelcey Horne, Police Communications Operator Trainee, Police 11/13/2017
Michele Shelby-Vann, Police Communications Operator Trainee, Police 11/13/2017
Chelsea Vohwinkle, Police Communications Operator Trainee, Police 11/13/2017
Gary Olson, Parks Service Technician I, Parks and Recreation 11/13/2017
Craig Mattila, Electro-Mechanical Technician, Public Utilities 11/13/2017
Richard Podolsky, Police Information Technician I, Police 11/13/2017
Kevin Goldin, Parks Service Technician I, Parks and Recreation 11/26/2017
Jessica Duffey, Legal Staff Assistant, Legal 11/27/2017
Leander Phillips, WasteWater Treatment Plant Operator Trainee, Public Utilities 11/27/2017
Glenda Hamilton, WasteWater Treatment Plant Operator A, Public Utilities 11/27/2017
Caliste Catia, Solid Waste Worker, Solid Waste 11/27/2017
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A
Page 1 City of Clearwater Printed on 1/5/2018
Interoffice Correspondence Sheet TO: Pension Advisory Committee
FROM: Joseph Roseto, Human Resources Director
SUBJECT: Recommendation for Acceptance into Pension Plan DATE: Subject/Recommendation: Recommend approval of the new hires for acceptance into the Pension Plan as listed.
Name Job Classification Department
Pension
Eligibility
Date
Jarred Sears Beach Lifeguard Parks and Recreation 10/14/2017
Marisa Cummins Beach Lifeguard Parks and Recreation 10/28/2017
Eugene Venter Parks Service Technician I Parks and Recreation 10/30/2017
Scott Hinves Parks Service Technician I Parks and Recreation 10/30/2017
William Walker II Building Construction Inspector Planning and Development 10/30/2017
Andrew Cistone Police Communications Operator Police 11/13/2017
Ashley Garcia Police Communications Operator Trainee Police 11/13/2017
Kelcey Horne Police Communications Operator Trainee Police 11/13/2017
Michele Shelby-Vann Police Communications Operator Trainee Police 11/13/2017
Chelsea Vohwinkle Police Communications Operator Trainee Police 11/13/2017
Gary Olson Parks Service Technician I Parks and Recreation 11/13/2017
Craig Mattila Electro-Mechanical Technician Public Utilities 11/13/2017
Richard Podolsky Police Information Technician I Police 11/13/2017
Kevin Goldin Parks Service Technician I Parks and Recreation 11/26/2017
Jessica Duffey Legal Staff Assistant Legal 11/27/2017
Leander Phillips WasteWater Treatment Plant Operator Trainee Public Utilities 11/27/2017
Glenda Hamilton WasteWater Treatment Plant Operator A Public Utilities 11/27/2017
Caliste Catia Solid Waste Worker Solid Waste 11/27/2017
Cover Memo
City of Clearwater City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
File Number: ID#17-4152
Agenda Date: 1/16/2018 Status: Agenda ReadyVersion: 2
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.5
SUBJECT/RECOMMENDATION:
Approve the following request of employees John Margnelli, Police Department and Richard
Rozzi III, Public Utilities Department, to vest their pensions as provided by Section 2.419 of the
Employees’ Pension Plan.
SUMMARY:
John Margnelli, Police Officer, Police Department, was employed by the City on October 29,
2007, and began participating in the Pension Plan on that date. Mr. Margnelli terminated from
City employment on November 22, 2017.
Richard Rozzi III, Electro-Mechanical Tech, Public Utilities Department, was employed by the
City on June 11, 2007, and began participating in the Pension Plan on that date. Mr. Rozzi III
terminated from City employment on November 18, 2017.
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 (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. Rozzi III will meet the non-hazardous duty criteria and begin collecting a pension in July
2037.
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.
Margnelli will meet the hazardous duty criteria and begin collecting pension in November 2027.
Page 1 City of Clearwater Printed on 1/5/2018
File Number: ID#17-4152
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A
Page 2 City of Clearwater Printed on 1/5/2018
Cover Memo
City of Clearwater City Hall
112 S. Osceola Avenue
Clearwater, FL 33756
File Number: ID#17-4155
Agenda Date: 1/16/2018 Status: Agenda ReadyVersion: 2
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.6
SUBJECT/RECOMMENDATION:
Recommend approval of the following request of employees Christopher Precious, Police
Department and Wyatt Walker, Public Utilities Department, for a regular pension as provided by
Sections 2.416 and 2.424 of the Employees’ Pension Plan.
SUMMARY:
Christopher Precious, Police Officer, Police Department, was employed by the City on July 8,
1996, and his pension service credit is effective on that date. His pension will be effective
December 1, 2017. Based on an average salary of approximately $76,628.61 over the past five
years, the formula for computing regular pensions and Mr. Precious’ selection of the 100%
Joint and Survivor Annuity, this pension benefit will be approximately $44,559.96 annually.
Wyatt Walker, Wastewater Treatment Plant Operator A, Public Utilities Department, was
employed by the City on November 19, 1990, and his pension service credit is effective on that
date. His pension will be effective January 1, 2018. Based on an average salary of
approximately $71,928.62 over the past five years, the formula for computing regular pensions
and Mr. Walker’s selection of the Life Annuity, this pension benefit will be approximately
$53,588.28 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 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. Walker has 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.
Precious has met the hazardous duty criteria.
Page 1 City of Clearwater Printed on 1/5/2018
File Number: ID#17-4155
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A
Page 2 City of Clearwater Printed on 1/5/2018