09/17/2007
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
September 17, 2007
Present: Frank Hibbard Chair
Carlen Petersen Trustee
John Doran Trustee
George N. Cretekos Trustee
Paul Gibson Trustee
Also Present: William B. Horne, II City Manager
Joe Roseto Interim Assistant City Manager
Pamela K. Akin City Attorney
Allen Del Prete Interim Human Resources Director
Cynthia E. Goudeau City Clerk
Brenda Moses Board Reporter
The meeting was called to order at 2:20 p.m. p.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 the minutes of the August 13, 2007 Pension Trustees meeting as submitted in
written summation by the City Clerk.
Trustee Gibson moved to approve the minutes of the August 13, 2007, Pension
Trustees meeting, as recorded and submitted in written summation by the City Clerk to each
motioncarried
Trustee. The was duly seconded and unanimously.
3. Pension Trustee Items
3.1 Employees listed below be accepted into membership in the City of Clearwater's
Employees' Pension Plan.
Pension
Elig.
Name, Job Class, & Department/Division Hire Date Date
Joel Ojeda, WWTP Operator Trainee/Pub. Util. 7/9/07 7/9/07
Michael Gitchell, Gas Technician I/Gas 7/23/07 7/23/07
Bradley Webster, Police Officer/Police 6/11/07 6/11/07
Trustee Petersen moved to accept the listed employees into membership in the City of
motion carried
Clearwater's Employees' Pension Plan. The was duly seconded and
unanimously.
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3.2 Thomas B. Stein, Police Department and Robert E. Smyth, Police Department, be
granted a regular pension under Section(s) 2.393 and 2.397 of the Employees’ Pension Plan
as approved by the Pension Advisory Committee.
Thomas Stein, Police Officer, Police Department, was employed by the City on
December 8, 1986, and his pension service credit is effective on that date. His pension will be
effective September 1, 2007. Based on an average salary of approximately $62,608 per year
over the past five years, the formula for computing regular pensions, and Mr. Stein’s selection
of the 50% Joint & Survivor Annuity, this pension will approximate $36,235 annually.
Robert Smyth, Police Officer, Police Department, was employed by the City on May 11,
1987, and his pension service credit is effective on that date. His pension will be effective
September 1, 2007. Based on an average salary of approximately $70,585 per year over the
past five years, the formula for computing regular pensions, and Mr. Smyth’s selection of the
10-Year Certain & Life Annuity, this pension will approximate $41,703 annually.
These pensions were approved by the Pension Advisory Committee on August 9, 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 completed ten years of credited
service in a type of employment described as “hazardous duty” and further defines service as
a Police Officer as meeting the hazardous duty criteria. Mr. Stein and Mr. Smyth qualify under
the hazardous duty criteria.
Trustee Doran moved that Thomas B. Stein, Police Department and Robert E. Smyth,
Police Department, be granted regular pensions under Section(s) 2.393 and 2.397 of the
motion
Employees’ Pension Plan as approved by the Pension Advisory Committee. The was
carried
duly seconded and unanimously.
3.3 David Laatsch, Information Technology Department; Linda Byars, Economic
Development Department; William Kleinsorge, Finance Department; and Gregory Hewett,
Public Utilities 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.
David Laatsch, Systems & Programming Manager, Information Technology
Department,was employed by the City on June 23, 1997, and began participating in the
Pension Plan on that date. Mr. Laatsch terminated from City employment on July 20, 2007.
Linda Byars, Economic Development Coordinator, Economic Development Department,
was employed by the City on January 23, 1995, and began participating in the Pension Plan
on that date. Ms. Byars terminated from City employment on July 12, 2007.
William Kleinsorge, Controller, Finance Department,was employed by the City on
January 5, 1987, and began participating in the Pension Plan on that date. Mr. Kleinsorge
terminated from City employment on July 20, 2007.
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Gregory Hewett, Public Utilities Supervisor I, Public Utilities Department, was employed
by the City on April 27, 1987, and began participating in the Pension Plan on that date. Mr.
Hewett terminated from City employment on August 1, 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. Mr.
Laatsch would have completed at least 20 years of service and reached age 55 on May 29,
2017. His pension will be effective June 1, 2017. Ms. Byars would have completed at least 10
years of service and reached age 65 on June 19, 2012. Her pension will be effective July 1,
2012. Mr. Kleinsorge would have completed 30 years of service on January 5,2017. His
pension will be effective February 1, 2017. Mr. Hewett would have completed at least 20 years
of service and reached age 55 on December 25, 2015. His pension will be effective January 1,
2016. These pensions were approved by the Pension Advisory Committee on August 9,2007.
Trustee Cretekos moved that David Laatsch, Information Technology Department; Linda
Byars, Economic Development Department; William Kleinsorge, Finance Department; and
Gregory Hewett, Public Utilities 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. The motion was duly seconded and carried unanimously.
4. Other Business
Interim Human Resources Director Allen Del Prete reminded all that a pension
investment training session is scheduled on October 22, 2007 and the pension ordinance
rewrite on October 31,2007. Both sessions are from 1 :00 to 4:00 p.m.
5. Adjourn
The meeting adjourned at 2:22 p.m.
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