SUBJECT/RECOMMENDATION:
Title
Recommend approval of the following request of Ellen Ayo, Parks & Recreation Department, Barry Balmer, Police Department, Shelby Brown, Planning & Development Department, Geraldine Blakley, Public Utilities Department, Gina Clayton-Ghomshe, Planning & Development Department, Patrick Davis Sr, Fire Department, Deborah Humes, Fire Department, Jon Lopez, Fire Department, Stephen Martindale, Public Utilities, Leah Turpack, Police Department, Todd Turpack, Police Department, and Thomas Wiggins, Public Works Department for a regular pension as provided by Sections 2.416 and 2.424 of the Employees’ Pension Plan.
Body
SUMMARY:
Ellen Ayo, Staff Assistant II, Parks & Recreation Department, was employed by the City on February 22, 2005, and her pension service credit is effective on that date. Her pension will be effective March 1st, 2025.
Based on an average salary of approximately $47,353.64 over the past five years, the formula for computing regular pensions and Ms. Ayo’s selection of the Single Life Annuity, this pension benefit will be approximately $26,077.08 annually.
Barry Palmer, Police Officer, Police Department, was employed by the City on October 4, 2004, and his pension service credit is effective on that date. His pension will be effective January 1, 2025.
Based on an average salary of approximately $101,525.98 over the past five years, the formula for computing regular pensions and Mr. Balmer’s selection of the 100% Joint & Survivor Annuity, this pension benefit will be approximately $54,008.52 annually.
Shelby Brown, Code Inspector II, Planning & Development Department, was employed by the City on July 3, 2003, and her pension service credit is effective February 23, 2004. Her pension will be effective November 1, 2024.
Based on an average salary of approximately $55,335.65 over the past five years, the formula for computing regular pensions and Ms. Brown’s selection of the Single Life Annuity with the 30% partial lump sum, this pension benefit will be approximately $22,038.12 annually.
Geraldine Blakley, Wastewater Treatment Plant Operator A, Public Utilities Department, was employed by the City on May 2, 1994, and her pension service credit is effective on that date. Her pension will be effective March 1, 2025.
Based on an average salary of approximately $77,062.27 over the past five years, the formula for computing regular pensions and Ms. Blakley’s selection of the Single Life Annuity, this pension benefit will be approximately $65,336.52 annually.
Gina Clayton-Ghomshe, Planning & Development Director, Planning & Development Department, was employed by the City on November 10, 1999, and her pension service credit is effective on that date. Her pension will be effective January 1, 2025.
Based on an average salary of approximately $139,553.37 over the past five years, the formula for computing regular pensions and Ms. Clayton’s selection of the 50% Joint and Survivor Annuity, this pension benefit will be approximately $91,228.92 annually.
Patrick Davis Sr, Driver-Operator, Fire Department, was employed by the City on October 14, 1996, and his pension service credit is effective on that date. His pension will be effective January 1, 2025.
Based on an average salary of approximately $102,197.39 over the past five years, the formula for computing regular pensions and Mr. Davis’ selection of the 100% Joint & Survivor Annuity with the 30% partial lump sum, this pension benefit will be approximately $52,807.56 annually.
Deborah Humes, Staff Assistant, Fire Department, was employed by the City on December 19, 2011, and her pension service credit is effective on February 3, 2012. Her pension will be effective January 1, 2025.
Based on an average salary of approximately $33,490.91 over the past five years, the formula for computing regular pensions and Ms. Humes’ selection of the 50% Joint and Survivor Annuity, this pension benefit will be approximately $11,109.60 annually.
Jon Lopez, Fire Medic, Fire Department, was employed by the City on July 19, 1999, and his pension service credit is effective on that date. His pension will be effective February 1, 2025.
Based on an average salary of approximately $109,347.34 over the past five years, the formula for computing regular pensions and Mr. Lopez’s selection of the 100% Joint and Survivor Annuity with the 30% partial lump sum, this pension benefit will be approximately $49,562.40 annually.
Stephen Martindale, Water Distribution Operator II, Public Utilities Department, was employed by the City on March 21, 1994, and his pension service credit is effective on that date. His pension will be effective January 1, 2025.
Based on an average salary of approximately $64,039.59 over the past five years, the formula for computing regular pensions and Mr. Martindale’s selection of the Single Life Annuity with the 20% partial lump sum, this pension benefit will be approximately $43,350.24 annually.
Leah Turpack, Staff Assistant II, Police Department, was employed by the City on July 15, 2002, and her pension service credit is effective on that date. Her pension will be effective January 1, 2025.
Based on an average salary of approximately $50,535.30 over the past five years, the formula for computing regular pensions and Ms. Turpack’s selection of the Single Life Annuity, this pension benefit will be approximately $31,203.12 annually.
Todd Turpack, Police Sergeant Police Department, was employed by the City on October 4, 2004, and his pension service credit is effective on that date. His pension will be effective January 1, 2025.
Based on an average salary of approximately $111, 361.46 over the past five years, the formula for computing regular pensions and Mr. Turpack’s selection of the 75% Joint and Survivor Annuity, this pension benefit will be approximately $62,033.28 annually.
Thomas Wiggins, Stormwater Heavy Equipment Operator, Public Works Department, was employed by the City on August 8, 1994, and his pension service credit is effective on that date. His pension will be effective March 1, 2025.
Based on an average salary of approximately $57, 667.14 over the past five years, the formula for computing regular pensions and Mr. Wiggins’ selection of the 10 Year Certain & Life Annuity, this pension benefit will be approximately $46,196.16 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 five (5) 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 five (5) years of credited service. Ms. Ayo, Ms. Brown, Ms. Blakley, Ms. Clayton-Ghomshe, Ms. Humes, Mr. Martindale, Ms. Turpack, and Mr. Wiggins, 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 (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. Balmer, Mr. Davis Sr, Mr. Lopez, and Mr. Turpack have met the hazardous duty criteria.
APPROPRIATION CODE AND AMOUNT:
n/a
USE OF RESERVE FUNDS: n/a