10/03/2024 - SpecialThursday, October 3, 2024
5:30 PM
City of Clearwater
Main Library - Council Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
Main Library - Council Chambers
Pension Trustees
Special Meeting Agenda
Special Meeting
October 3, 2024Pension Trustees Special Meeting Agenda
1. Call To Order
2. Approval of Minutes
2.1 Approve the minutes of the August 12, 2024 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 Willie Hill, Solid Waste and
Recycling Department, Charles H. Lane Jr, Economic Development and
Housing Department, and Robert Skinner, Public Works Department to vest
their pension as provided by Section 2.419 of the Employees’ Pension Plan.
4.3 Approve the following request of Trava Alston, Police Department, John
Dorsey, Solid Waste and Recycling Department, Joshua Jewett, Police
Department, Chad Reed, Police Department, and Mario Zaccaria, Planning and
Development Department for a regular pension as provided by Sections 2.416
and 2.424 of the Employees’ Pension Plan.
4.4 Approve pension plan administrative expenditures for fiscal year 2025 totaling
not-to-exceed $369,900.00.
5. Adjourn
Page 2 City of Clearwater Printed on 9/30/2024
Cover Memo
City of Clearwater Main Library - Council
Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
File Number: ID#24-0822
Agenda Date: 10/3/2024 Status: Agenda ReadyVersion: 1
File Type: MinutesIn Control: Pension Trustees
Agenda Number: 2.1
SUBJECT/RECOMMENDATION:
Approve the minutes of the August 12, 2024 Pension Trustees meeting as submitted in written
summation by the City Clerk.
Page 1 City of Clearwater Printed on 9/30/2024
Pension Trustees Meeting Minutes August 12, 2024
Page 1 City of Clearwater
City of Clearwater
Main Library - Council Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
Meeting Minutes
Monday, August 12, 2024
1:00 PM
Main Library - Council Chambers
Pension Trustees Draft
Pension Trustees Meeting Minutes August 12, 2024
Page 2 City of Clearwater
Roll Call
Present 5 - Chair Bruce Rector, Trustee Ryan Cotton, Trustee Michael Mannino,
Trustee David Allbritton, and Trustee Lina Teixeira
Also Present – Jennifer Poirrier – City Manager, Michael Delk – Assistant City Manager, David Margolis - City Attorney, Rosemarie Call – City Clerk, Nicole Sprague – Deputy City Clerk, and Tiffany Makras – 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 Rector
The meeting was called to order at 2:31 p.m. 2. Approval of Minutes
2.1 Approve the minutes of the June 17, 2024 Pension Trustees meeting as submitted in
written summation by the City Clerk.
Trustee Cotton moved to approve the minutes of the June 17, 2024
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 Determine Trustees’ expected rate of return for pension plan investments for the current
year, each of the next several years, and for the long term thereafter, in accordance with
Florida Statutes 112.661(9).
Florida Statutes 112.661(9) requires an annual determination of expected rates
of return by filed with the Florida Department of Management Services, with the
plan’s sponsor, and with the consulting actuary.
Staff is recommending the current plan investment rate of return assumptions
of 6.5%, net of investment-related fees, as the expected annual rate of return for
the current year; 6.5% for the next year; and 6.5% for all years thereafter. Draft
Pension Trustees Meeting Minutes August 12, 2024
Page 3 City of Clearwater
Trustee Teixeira moved to determine Trustees’ expected rate of
return for pension plan investments for the current year, each of the
next several years, and for the long term thereafter, in accordance
with Florida Statutes 112.661(9). The motion was duly seconded and
carried unanimously.
4.2 Approve the new hires for acceptance into the Pension Plan as listed.
Name/ Job Classification/Department
Pension
Eligibility
Date
Isabella Arroyo, Human Resources Technician, Human Resources 04/20/2024
Adam Aramino, Survey Assistant I, Public Works 04/22/2024
Darius Hunsicker, Parks Service Technician I, Parks & Recreation 04/22/2024
Christopher Mcfadden, Parks Service Technician I, Parks & Recreation 04/22/2024
Andrew Nolan-Rivera, Parks Service Technician I, Parks & Recreation 04/22/2024
Codey Nygren, Parks Service Technician I, Parks & Recreation 04/22/2024
Loretta Waterworth, Accounting Tech I, Public Utilities 04/22/2024
Miguel Pena, Parks Service Technician I, Parks & Recreation 04/22/2024
Brian Balloon, Solid Waste Equipment Oper, Solid Waste & Recycling 04/22/2024
Kaleb Peterson, Library Assistant I, Library 05/04/2024
Jessica Pryor, Customer Service Rep I, Gas System 05/04/2024
Jacob Speranza, Skilled Tradesworker I, Marine & Aviation 05/04/2024
Jaice Currie, Network Analyst I, Information Technology 05/06/2024
Hadley Johnson, Police Telecommunicator I, Police Department 05/06/2024
Christopher Vera, Police Telecommunicator I, Police Department 05/06/2024
Devin Furlow, Gas Technician I, Gas System 05/06/2024
Adam Borgman, Public Info Coordinator I, Public Communications 05/06/2024
Derrek Rose, Fire Inspector II, Fire Department 05/06/2024
Nicholas Reeves, Parks Service Supervisor I, Parks & Recreation 05/06/2024
Ryan Thomas, Wastewater Coll Tech I, Public Utilities 05/06/2024
Shawn Rodriguez, Streets & Sidewalks Tech I, Public Works 05/06/2024
Samuel Brown, Solid Waste Worker I, Solid Waste & Recycling 05/18/2024
Rico Green, Parks Service Technician I, Parks & Recreation 05/18/2024
Trevor Shultz, Gas Technician I, Gas System 05/20/2024
William Bechtel, Systems Programmer I, Information Technology 05/20/2024
Noah Mayberry, Development Review Tech I, Planning & Dev. 05/20/2024
Lester Rivera, Fleet Mechanic, General Supp Services 05/20/2024
Travis Jones, Building & Maint Supv, General Supp Services 05/20/2024
Michael Camarillo, Parks Service Technician I, Parks & Recreation 05/20/2024
James Young, Traffic Sign & Marking Tech I, Public Works 05/20/2024 Draft
Pension Trustees Meeting Minutes August 12, 2024
Page 4 City of Clearwater
Monica Lueking, Neighborhoods Coordinator, City Manager 05/20/2024
Jesse Bennett, Stormwater Technician I, Public Works 05/20/2024
Dasril Panko, Wstwtr Trtmnt Plant Oper C, Public Utilities 06/03/2024
Donovan Stewart, Stormwater Technician I, Public Works 06/03/2024
Rossmery Diaz, Human Resources Analyst I, Human Resources 06/03/2024
Terry Barber, Fire Marshal, Fire Department 06/03/2024
Marcus Prescott, Traffic Sign & Marking Tech I, Public Works 06/03/2024
Brandon Hellmann, Solid Waste Equip.Oper, Solid Waste & Recyc. 06/03/2024
Verqueze Mitchell, Water Distr Oper Trainee, Public Utilities 06/03/2024
Leanne Bell, Public Info Coordinator I, Public Communications 06/03/2024
Samantha Myers, Engineering Specialist I, Public Utilities 06/17/2024
Shahrzad Takalloo, Planner Iii, Planning & Development 06/17/2024
Elizabeth Brewer, Librarian I, Library 06/17/2024
Keegan Saraceno, Utilities Mechanic, Public Utilities 06/17/2024
Chyna Miller-Robinson, Recreation Leader I, Parks & Recreation 06/17/2024
Trustee Allbritton moved to approve the new hires for acceptance
into the Pension Plan as listed. The motion was duly seconded and
carried unanimously.
4.3 Approve the following request of Carl Conyers, Police Department, Gerard Grace, Parks
and Recreation Department, Timothy Kurtz, Public Works Department, Robert Lazzaro Jr,
Police Department, James “Jim” McCulley, Gas Department, and Barry Slack, Public
Utilities Department for a regular pension as provided by Sections 2.416 and 2.424 of the
Employees’ Pension Plan.
Carl Conyers, Police Officer, Police Department, was employed by the City on
May 31, 1994, and his pension service credit is effective on that date. His
pension will be effective June 1, 2024. Based on an average salary of
approximately $99,902.55 over the past five years, the formula for computing
regular pensions and Mr. Conyers’ selection of the Joint and Survivor Annuity,
this pension benefit will be approximately $82,419.60 annually.
Gerard Grace, Parks Service Tech II, Parks and Recreation Department was
employed by the City on November 3, 2003, and his pension service credit is
effective on that date. His pension will be effective June 1, 2024. Based on an
average salary of approximately $47,071.51 over the past five years, the formula
for computing regular pensions and Mr. Grace’s selection of the 100% Joint and
Survivor Annuity, this pension benefit will be approximately $22,970.64 annually.
Timothy Kurtz, Construction Division Manager, Public Works Department, was
employed by the City on March 22, 1998, and his pension service credit is Draft
Pension Trustees Meeting Minutes August 12, 2024
Page 5 City of Clearwater
effective on October 1, 1998. His pension will be effective December 1, 2024.
Based on an average salary of approximately $105,861.34 over the past five
years, the formula for computing regular pensions and Mr. Kurtz’s selection of
the 100% Joint & Survivor Annuity, this pension benefit will be approximately
$64,167.24 annually.
Robert Lazzaro Jr, Police Officer, Police Department, was employed by the City
on September 9, 2002, and his pension service credit is effective on that date.
His pension will be effective June 1, 2024. Based on an average salary of
approximately $94,009.04 over the past five years, the formula for computing
regular pensions and Mr. Lazzaro’s selection of the 100% Joint and Survivor
Annuity, this pension benefit will be approximately $54,641.40 annually.
James “Jim” McCulley, Gas Sales Division Manager, Gas Department, was
employed by the City on July 11,1988, and his pension service credit is effective
on May 13,1989. His pension will be effective May 1, 2024. Based on an
average salary of approximately $98,291.32 over the past five years, the formula
for computing regular pensions and Mr. McCulley’s selection of the 50% Joint
and Survivor Annuity, this pension benefit will be approximately $87,799.80
annually.
Barry Slack, Utilities Mechanic, Public Utilities Department, was employed by
the City on June 1, 2004, and his pension service credit is effective on that date.
His pension will be effective July 1, 2024. Based on an average salary of
approximately $42,150.08 over the past five years, the formula for computing
regular pensions and Mr. Slack’s selection of the Single Life Annuity, this
pension benefit will be approximately $23,192.28 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 55 years and completed 20 years
of credited service; the date on which a participant has reached age 65 years
and completed ten years of credited service; or the date on which a member
has completed 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 60 years and completed 25 years of credited
service; or the date on which a participant has reached the age of 65 years and
completed ten years of credited service. Mr. Grace, Mr. Kurtz, Mr. McCulley,
and Mr. Slack 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 20 years of credited service
regardless of age, or the date on which the participant has reached 55 years
and completed ten years of credited service. Mr. Conyers and Mr. Lazzaro Jr
have met the hazardous duty criteria. Draft
Pension Trustees Meeting Minutes August 12, 2024
Page 6 City of Clearwater
Trustee Mannino moved to approve the following request of Carl
Conyers, Police Department, Gerard Grace, Parks and Recreation
Department, Timothy Kurtz, Public Works Department, Robert
Lazzaro Jr, Police Department, James “Jim” McCulley, Gas
Department, and Barry Slack, Public Utilities 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 changes to the PAC Manual, Section IV: Eligibility for Disability Pension,
regarding the Firefighter Cancer Presumption Law.
PAC approved changes to the PAC Manual in section IV: Eligibility for Disability
Pension
Firefighter cancer benefit: pursuant to Florida Statute § 112.1816(3)-(4), if a
firefighter is found by the PAC to be permanently and totally disabled due to a
diagnosis of cancer, or circumstances that arise out of the treatment of cancer,
then the PAC must also find that said disability arose in the line of duty.
Trustee Cotton moved to approve changes to the PAC Manual,
Section IV: Eligibility for Disability Pension, regarding the Firefighter
Cancer Presumption Law. The motion was duly seconded and
carried unanimously.
5. Adjourn
The meeting adjourned at 2:37 p.m.
Chair Employees’ Pension Plan Trustees
Attest
City Clerk Draft
Cover Memo
City of Clearwater Main Library - Council
Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
File Number: ID#24-1024
Agenda Date: 10/3/2024 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
Jaden Lee, Solid Waste Worker I, Solid Waste & Recycling 6/29/2024
Jaiylan Wynn, Stormwater Technician I, Public Works 6/29/2024
Adam Nugent, Gas Technician I, Gas System 7/1/2024
Austin Sadorf, Police Cadet, Police Department 7/1/2024
Carol Creutz, Accounting Tech II, Financial & Budget 7/1/2024
Christopher Allen, Police Cadet, Police Department 7/1/2024
Isaiah Henderson, Police Cadet, Police Department 7/1/2024
Joshua Stinson, Meter Reader I, Utility Customer Service 7/1/2024
Myika Bowden, Utility Dispatcher I, Gas System 7/1/2024
Otha Armstrong, Parks Service Tech. I, Parks & Recreation 7/1/2024
Zachary Hauschild, Police Officer, Police Department 7/1/2024
Anthony Martin, Marine Facility Operator, Parks & Recreation 7/15/2024
Frank Vaillant-Figueredo, Welder/Manufacturer, SW & Recycling 7/15/2024
Jared Wilson, Air Conditioning Tech, General Support Services 7/15/2024
Leondre Horne, Parks Service Technician I, Parks & Recreation 7/15/2024
Michael Tutoli, Solid Waste Equipment Oper, SW & Recycling 7/15/2024
Mike Whiting, Solid Waste Equipment Oper, SW & Recycling 7/15/2024
Nicholas Bornstein, Stormwater Technician I, Public Works 7/15/2024
Shanika Nicholson, Solid Waste Equipment Oper, SW & Recyc.7/15/2024
Amanda Paukert, Payroll Tech I, Parks & Recreation 7/29/2024
Daniel Kelly, Engineering Specialist Iii, Public Works 7/29/2024
Hugo Resendiz, Streets & Sidewalks Tech I, Public Works 7/29/2024
Jason Jackson, Solid Waste Equipment Oper, SW & Recycling 7/29/2024
John Balcer, Parks Service Technician I, Parks & Recreation 7/29/2024
Keith Simmons, Water Distr Oper Trainee, Public Utilities 7/29/2024
Mark Kraf, Traffic Signal Tech I, Public Works 7/29/2024
Mitchell Shelton, Utility Dispatcher I, Gas System 7/29/2024
Randall Raines, Water Distr Oper Trainee, Public Utilities 7/29/2024
Sedeeva Chaney, Parks Service Technician I, Parks & Recreation 7/29/2024
Christopher Poland, Water Plant Operator Trainee, Public Utilities 8/12/2024
Ernest Bell, Solid Waste Worker I, Solid Waste & Recycling 8/12/2024
Gerald Burney, Solid Waste Worker I, Solid Waste & Recycling 8/12/2024
Page 1 City of Clearwater Printed on 9/30/2024
File Number: ID#24-1024
Jonathan Richardson, Parks Service Tech. I, Parks & Recreation 8/12/2024
Joseph Gagne, Police Officer, Police Department 8/12/2024
Robert Gremillion, Parks Service Tech. I, Parks & Recreation 8/12/2024
Rocky Nikci, Police Telecommunicator I, Police Department 8/12/2024
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A
Page 2 City of Clearwater Printed on 9/30/2024
Interoffice Correspondence Sheet
TO: Pension Advisory Committee
FROM: Tiffany Makras, Human Resources Director
SUBJECT: Recommendation for Acceptance into Pension Plan
DATE: August 22, 2024
Subject/Recommendation:
Recommend approval of the new hires for acceptance into the Pension Plan as listed.
Name Job Classification Department
Pension
Eligibility
Date
Jaden Lee Solid Waste Worker I Solid Waste & Recycling 6/29/2024
Jaiylan Wynn Stormwater Technician I Public Works 6/29/2024
Adam Nugent Gas Technician I Gas System 7/1/2024
Austin Sadorf Police Cadet Police Department 7/1/2024
Carol Creutz Accounting Tech II
Financial & Budget
Operations 7/1/2024
Christopher Allen Police Cadet Police Department 7/1/2024
Isaiah Henderson Police Cadet Police Department 7/1/2024
Joshua Stinson Meter Reader I Utility Customer Service 7/1/2024
Myika Bowden Utility Dispatcher I Gas System 7/1/2024
Otha Armstrong Parks Service Technician I Parks & Recreation 7/1/2024
Zachary Hauschild Police Officer Police Department 7/1/2024
Anthony Martin Marine Facility Operator Parks & Recreation 7/15/2024
Frank Vaillant-Figueredo Welder/Manufacturer Solid Waste & Recycling 7/15/2024
Jared Wilson Air Conditioning Tech
General Support
Services 7/15/2024
Leondre Horne Parks Service Technician I Parks & Recreation 7/15/2024
Michael Tutoli Solid Waste Equipment Oper Solid Waste & Recycling 7/15/2024
Mike Whiting Solid Waste Equipment Oper Solid Waste & Recycling 7/15/2024
Nicholas Bornstein Stormwater Technician I Public Works 7/15/2024
Shanika Nicholson Solid Waste Equipment Oper Solid Waste & Recycling 7/15/2024
Amanda Paukert Payroll Tech I Parks & Recreation 7/29/2024
Daniel Kelly Engineering Specialist Iii Public Works 7/29/2024
Hugo Resendiz Streets & Sidewalks Tech I Public Works 7/29/2024
Jason Jackson Solid Waste Equipment Oper Solid Waste & Recycling 7/29/2024
John Balcer Parks Service Technician I Parks & Recreation 7/29/2024
Keith Simmons Water Distr Oper Trainee Public Utilities 7/29/2024
Mark Kraf Traffic Signal Tech I Public Works 7/29/2024
Mitchell Shelton Utility Dispatcher I Gas System 7/29/2024
Randall Raines Water Distr Oper Trainee Public Utilities 7/29/2024
Sedeeva Chaney Parks Service Technician I Parks & Recreation 7/29/2024
Christopher Poland Water Plant Operator Trainee Public Utilities 8/12/2024
Ernest Bell Solid Waste Worker I Solid Waste & Recycling 8/12/2024
Gerald Burney Solid Waste Worker I Solid Waste & Recycling 8/12/2024
Jonathan Richardson Parks Service Technician I Parks & Recreation 8/12/2024
Joseph Gagne Police Officer Police Department 8/12/2024
Robert Gremillion Parks Service Technician I Parks & Recreation 8/12/2024
Rocky Nikci Police Telecommunicator I Police Department 8/12/2024
Cover Memo
City of Clearwater Main Library - Council
Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
File Number: ID#24-1025
Agenda Date: 10/3/2024 Status: Agenda ReadyVersion: 3
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.2
SUBJECT/RECOMMENDATION:
Approve the following request of employees Willie Hill, Solid Waste and Recycling Department,
Charles H. Lane Jr, Economic Development and Housing Department, and Robert Skinner,
Public Works Department to vest their pension as provided by Section 2.419 of the Employees’
Pension Plan.
SUMMARY:
Willie Hill, Solid Waste Worker I, Solid Waste & Recycling Department, was employed by the
City on August 22, 2005 and his pension service credit is effective on that date. Mr. Hill
terminated from City employment on March 8, 2024.
Charles H. Lane Jr, Economic Development & Housing Assistant Director, Economic
Development & Housing Department, was employed by the City on August 1, 2011 and his
pension service credit is effective on that date. Mr. Lane terminated from City employment on
August 18, 2024.
Robert Skinner, Parking Meter Technician, Public Works Department, was employed by the
City on October 1, 2012 and his pension service credit is effective on that date. Mr. Skinner
terminated from City employment on July 17, 2024.
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 five or more
years (non-hazardous duty) and ten or more years (hazardous duty) 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 55
years and completed 20 years of credited service; the date on which a participant has reached
age 65 years and completed ten years of credited service; or the date on which a member has
completed 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 60 years and completed 25
years of credited service; or the date on which a participant has reached the age of 65 years
and completed five years of credited service. Mr. Hill will meet the non-hazardous duty criteria
and begin collecting a pension in September of 2025. Mr. Lane will meet the non-hazardous
duty criteria and begin collecting a pension in September of 2031. Mr. Skinner will meet the
Page 1 City of Clearwater Printed on 9/30/2024
File Number: ID#24-1025
non-hazardous duty criteria and begin collecting a pension in September of 2026.
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 20 years of credited service regardless of age, or the date on which the
participant has reached 55 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 9/30/2024
Cover Memo
City of Clearwater Main Library - Council
Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
File Number: ID#24-1026
Agenda Date: 10/3/2024 Status: Agenda ReadyVersion: 2
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.3
SUBJECT/RECOMMENDATION:
Approve the following request of Trava Alston, Police Department, John Dorsey, Solid Waste
and Recycling Department, Joshua Jewett, Police Department, Chad Reed, Police
Department, and Mario Zaccaria, Planning and Development Department for a regular pension
as provided by Sections 2.416 and 2.424 of the Employees’ Pension Plan.
SUMMARY:
Trava Alston, Police Service Technician, Police Department, was employed by the City on
February 21, 1995, and his pension service credit is effective on that date. His pension will be
effective August 1, 2024. Based on an average salary of approximately $57,650.41 over the
past five years, the formula for computing regular pensions and Mr. Alston’s selection of the
Single Life Annuity, this pension benefit will be approximately $46,680.84 annually.
John Dorsey, Transfer Station/Scales Operator, Solid Waste & Recycling Department was
employed by the City on November 29, 1993, and his pension service credit is effective on April
17, 1994. His pension will be effective August 1, 2024. Based on an average salary of
approximately $43,855.48 over the past five years, the formula for computing regular pensions
and Mr. Dorsey’s selection of the Single Life Annuity, this pension benefit will be approximately
$36,512.40 annually.
Joshua Jewett, Police Officer, Police Department, was employed by the City on May 22, 2000,
and his pension service credit is effective on that date. His pension will be effective July 1,
2024.
Based on an average salary of approximately $92,859.30 over the past five years, the formula
for computing regular pensions and Mr. Jewett’s selection of the 100% Joint and Survivor
Annuity, this pension benefit will be approximately $60,125.64 annually.
Chad Reed, Police Officer, Police Department, was employed by the City on September 27,
1999, and his pension service credit is effective on that date. His pension will be effective
October 1, 2024. Based on an average salary of approximately $101,028.28 over the past five
years, the formula for computing regular pensions and Mr. Reed’s selection of the 100% Joint
and Survivor Annuity, this pension benefit will be approximately $67,781.28 annually.
Mario Zaccaria, Plans Examiner IV, Planning & Development Department, was employed by
the City on September 8, 2015, and his pension service credit is effective on that date. His
pension will be effective October 1, 2024. Based on an average salary of approximately
$77,064.87 over the past five years, the formula for computing regular pensions and Mr .
Zaccaria’s selection of the 66 2/3% Joint and Survivor Annuity, this pension benefit will be
approximately $11,196.72 annually.
Page 1 City of Clearwater Printed on 9/30/2024
File Number: ID#24-1026
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 55
years and completed 20 years of credited service; the date on which a participant has reached
age 65 years and completed ten years of credited service; or the date on which a member has
completed 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 60 years and completed 25
years of credited service; or the date on which a participant has reached the age of 65 years
and completed five years of credited service. Mr. Alston, Mr. Dorsey, and Mr. Zaccaria 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 20 years of credited service regardless of age, or the date on which the
participant has reached 55 years and completed ten years of credited service. Mr. Jewett and
Mr. Reed has met the hazardous duty criteria.
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A
Page 2 City of Clearwater Printed on 9/30/2024
Cover Memo
City of Clearwater Main Library - Council
Chambers
100 N. Osceola Avenue
Clearwater, FL 33755
File Number: ID#24-1180
Agenda Date: 10/3/2024 Status: Agenda ReadyVersion: 1
File Type: Action ItemIn Control: Pension Trustees
Agenda Number: 4.4
SUBJECT/RECOMMENDATION:
Approve pension plan administrative expenditures for fiscal year 2025 totaling not-to-exceed $369,900.00.
SUMMARY:
The Employees’ Pension Plan does not have a legally required budget. However, all expenditures must be
approved by the Trustees. The following are routine administrative expenditures that staff is requesting
approval of for administrative efficiency.
The recommended expenditures for fiscal year 2025 reflect a $10,500, or 2.9%, increase over the approved
fiscal 2024 expenditures. This net increase results primarily from increased costs of Finance and Human
Resources administrative staff support, partially offset by a decrease in volume of projected employee
physicals and related costs.
Training and travel are the estimated costs of pension training and related travel, including fiduciary training
for the Trustees and Pension Advisory Committee (PAC) members. This is a not-to-exceed amount given
uncertainty regarding the number of Trustees and PAC members that may elect to pursue training.
Expenditures for physicals are per the pension ordinance requirement that new employees must pass a
comprehensive physical exam to be accepted into the pension plan. A decreased volume of physicals is
forecast due to reduced staff turnover and projected new hires.
Reimbursements to the General Fund and Central Insurance Fund are for the cost of oversight and
administration of the Plan. The reimbursements are for services provided by Human Resources, Payroll,
and Finance personnel, along with related operating expenditures.
The law firm of Klausner, Kaufman, Jensen and Levinson currently represents the Pension plan in certain
matters, while the firm of Banker, Lopez, Gassler currently advocates for City administration in formal PAC
disability pension claims. Annual attorney fees also include medical bills for medical services authorized
by the PAC.
Money manager, performance measurement consulting, custodial/safekeeping, and actuary fees (other
than actuary hourly consulting and special projects) are all governed by contracts separately approved by
the Trustees and are not included in this agenda item total.
APPROPRIATION CODE AND AMOUNT:
6467410-5xxxxx (various pension plan expenditure codes)
STRATEGIC PRIORITY:
Page 1 City of Clearwater Printed on 9/30/2024
File Number: ID#24-1180
Attract and retain top-quality personnel through the maintenance of a competitive compensation and
benefits program.
Page 2 City of Clearwater Printed on 9/30/2024
Description FY 2025 FY 2024 Increase/
(Decrease)
%
Increase/
Decrease
543400 Printing & binding 600$ 600$ -$ 0.0%
542500 Postage 100 100 - 0.0%
557100 Memberships 400 400 - 0.0%
548000 Misc 100 100 - 0.0%
557300 Training 4,000 4,000 - 0.0%
547200 Travel expense 3,000 3,000 - 0.0%
521500 Physicals 52,100 60,800 (8,700) -14.3%
590200 Reimbursement to General Fund/Central Ins. Fund (Human Resources)55,000 50,500 4,500 8.9%
590200 Reimbursement to General Fund (Accounting & Finance)24,700 21,700 3,000 13.8%
590200 Reimbursement to General Fund (Payroll & IT)110,300 98,700 11,600 11.8%
530100 Pension attorney 90,000 90,000 - 0.0%
530100 Annual software license - GRS benefit calculator 2,600 2,500 100 4.0%
530100 Consulting fees - pension buy-backs and other 27,000 27,000 - 0.0%
Totals 369,900$ 359,400$ 10,500$ 2.9%
General Fund Reimbursement
HR 36,500$ 34,000$ 2,500$ 7.4%
Acctg Finance 24,700 21,700 3,000 13.8%Payroll IT 110,300 98,700 11,600 11.8%
General Fund Totals 171,500$ 154,400$ 17,100$ 11.1%
Central Insurance Fund Reimbursement - HR 18,500$ 16,500$ 2,000$ 12.1%
Combined General Fund and Central Insurance Fund
HR 55,000$ 50,500$ 4,500$ 8.9%
Acctg Finance 24,700 21,700 3,000 13.8%
Payroll IT 110,300 98,700 11,600 11.8%190,000$ 170,900$ 19,100$ 11.2%
City of Clearwater
Employees' Pension Plan
Administrative Expenditures