12/17/2007
TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING MINUTES
CITY OF CLEARWATER
December 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
Jill Silverboard Assistant City Manager
Rod Irwin Assistant City Manager
Pam Akin City Attorney
Cynthia E. Goudeau City Clerk
The Chair called the meeting to order at 1:41 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 October 15, 2007 and November 13, 2007 Pension
Trustees meetings as submitted in written summation by the City Clerk.
motioncarried
Trustee Doran moved to continue Item 2.1. The was duly seconded and
unanimously.
3 - Pension Trustee Items
3.1 - Accept the employees listed below into membership in the City of Clearwater's
Employees' Pension Plan.
Pension Elig.
Name, Job Class, & Department/Division Hire Date Date
Marcos Toros, Parks Ser. Tech./Pks. & Rec. 9/17/07 9/17/07
Michael Mouroukis, Network Anal./Info. Tech. 9/17/07 9/17/07
David Foltz, WWTP Oper. Tr./Public Utilities 10/1/07 10/1/07
Joseph Hall, WWTP Oper. Tr./Public Utilities 10/1/07 10/1/07
Diane Devol, Pol. Com. Oper. Tr./Police 10/1/07 10/1/07
Vicki Fletcher, Field Ser. Rep./Customer Service 10/1/07 10/1/07
Russell Canavan, WWTP Oper. Tr./Pub. Util. 10/1/07 10/1/07
Marianne Paz, Recreation Leader/Pks. & Rec. 10/15/07 10/15/07
Judith Kolmer, Dev. Rev. Tech. I/Dev. & Neigh. Ser. 10/15/07 10/15/07
Tammy Vrana, Com. Dev. Coord./Econ. Dev. & Hsg. 10/15/07 10/15/07
Christopher Miller, Police Cadet/Police 7/23/07 7/23/07
Herman Winthrop, Pks. Ser. Tech. I/Pks. & Rec. 10/1/07 10/1/07
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Pension Trustees 2007-12-17
Noemi Senf, Police Information Technician/Police 10/15/07 10/15/07
Kristopher Kindt, Licensed Electrician/Gen. Ser. 10/1/07 10/1/07
Trustee Cretekos 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.
3.2 - Michael Willis, Marine & Aviation Department, and Gloria Nims, Library
Department; be granted regular pensions under Section(s) 2.393 and 2.397 of the
Employees’ Pension Plan as approved by the Pension Advisory Committee.
,
Michael Willis, Marine Operations Supervisor, Marine & Aviation Department was
employed by the City on March 2, 1987, and his pension service credit is effective on that
date. His pension will be effective February 1, 2008.
Based on an average salary of approximately $50,369 per year over the past five years,
the formula for computing regular pensions, and Mr. Willis’ selection of the 100% Joint &
Survivor Annuity, this pension will approximate $28,212 annually.
,
Gloria Nims, Librarian I, Library Department was employed by the City on September 9,
1991, and her pension service credit is effective on that date. Her pension will be effective
November 1, 2007.
Based on an average salary of approximately $31,048 per year over the past five years,
the formula for computing regular pensions, and Ms. Nims’ selection of the Joint & Survivor
Annuity, this pension will approximate $13,756 annually.
These pensions were approved by the Pension Advisory Committee on November 8,
2007. Section 2.393 provides for normal retirement eligibility when a participant has reached
age 55 and completed twenty years of credited service, has completed thirty years of credited
service, or has reached age 65 and completed ten years of credited service. Mr. Willis qualifies
under the age 55 and 20 years of service criteria and Ms. Nims qualifies under the age 65 and
ten years of service criteria.
Trustee Cretekos moved that Michael Willis, Marine & Aviation Department, and Gloria
Nims, Library 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 - Kelly Legg, Information Technology Department, and Fred Mills, 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.
Kelly Legg, Telecommunications Analyst, Information Technology Department,was
employed by the City on November 27, 1995, and began participating in the Pension Plan on
that date. Ms. Legg transferred to part-time with the City on September 28, 2007.
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Pension Trustees 2007-12-17
Fred Mills, Industrial Pretreatment Technician, Public Utilities Department, was
employed by the City on May 19, 1986, and began participating in the Pension Plan on that
date. Mr. Mills terminated from City employment on October 26,2007.
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. Ms. Legg
would have completed at least 20 years of service and reached age 55 on August 11, 2022. Her
pension will be effective September 1, 2022. Mr. Mills would have completed at least 20 years
of service and reached age 55 on December 29,2011. His pension will be effective January 1,
2012. These pensions were approved by the Pension Advisory Committee on November 8,
2007.
Trustee Petersen moved that Kelly Legg, Information Technology Department, and Fred
Mills, Public Utilities Department, be allowed to vest their pensions under Section(s) 2.397 and
2.~98 of the Employees' Pension Plan as approved by the Pension Advisory Committee. The
motion was duly seconded and carried unanimously.
4 - Other Business - None.
5 - Adjourn
The meeting adjourned at 1 :44 p.m.
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Pension Trustees 2007-12-17
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