SUBJECT/RECOMMENDATION:
Title
Approve the following request of employees David Melton, Public Works Department and Kyle Vaughan, Public Works Department to vest their pension as provided by Section 2.419 of the Employees’ Pension Plan.
Body
SUMMARY:
David Melton, Stormwater/Heavy Equipment Operator, Public Works Department, was employed by the City on March 6, 2008, and his pension service credit is effective on that date. Mr. Melton terminated from City employment on December 22, 2024.
Kyle Vaughan, Engineering Specialist II, Public Works Department, was employed by the City on September 3, 2011, and his pension service credit is effective on January 16, 2012. Mr. Vaughan terminated from City employment on January 17, 2025.
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 five 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. Melton will meet the non-hazardous duty criteria and begin collecting a pension in February of 2028. Mr. Vaughan will meet the non-hazardous duty criteria and begin collecting a pension in January of 2041.
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 10 years of credited service.
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A