HomeMy WebLinkAboutResolutions - 1986.05.22 - 10781I HEREBY APPROVE THE FOREGOING RESOLUTION
muroy, tjnti Exectitive Personnel Committee
MISCELLANEOUS RESOLUTION # 86152 May 22, 1986
By: PERSONNEL COMMITTEE - John J. McDonald, Chairperson
In Re: RETIREMENT SYSTEM AMENDMENT ADJUSTMENT BENEFIT
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, Miscellaneous Resolution #84116, adopted May
10, 1984, provided the retirees from the Oakland County
Employees' Retirement System with an adjustment to their benefit
levels; and
WHEREAS, Miscellaneous Resolution 485348 adopted
December 12, 1985, amended the Oakland County Employees'
Retirement System by addition a new subparagraph (k) to Section
34.1:
"Post Retirement Benefit Increases"
Section 34.1
(k) For a monthly benefit which became effective as
of December 6, 1985, beginning with the monthly
benefit payment, if any, for the month of January,
1986, the amount of monthly benefit shall be
increased by 2% of the amount of benefit otherwise
payable for the period.
WHEREAS, the Attorney General for the State of
Michigan has advised the County that said Amendment does not
comply with Section 12a.(10) of Act 156 of 1851, as amended
which controls County Employee Retirement Systems, as pension
benefit increases are allowable only for retirees who have been
retired for one full year or more.
NOW THEREFORE BE IT RESOLVED, that the Oakland County
Employees' Retirement System, Section 34.1(k) be amended to
read:
"Post Retirement Benefit Increases"
Section 34.1
(k) For a monthly benefit which became effective as of
January 1, 1985, beginning with the monthly
benefit payment, if any, for the month of January,
1986, the amount of monthly benefit shall be
increased by 2% of the amount of benefit otherwise
payable for the period,
Mr. Chairperson, on behalf of the Personnel Committee,
I move the adoption of the foregoing resolution.
#86152 May 22, 1986
adopted.
Moved by McDonald supported by Hassberger the resolution be
AYES; Price, Rewold, Rowland, Skarritt, Webb, Wilcox, Aaron,
Caddell, Calandra, Doyon, Fortino, Gosling, Hassberger, Hobart, R.Kuhn,
S. Kuhn, Lanni, McConnell, McDonald, McPherson, Moffitt, Nelson, Olsen,
Page, Perinoff, Pernick. (26)
NAYS: None. (0)
adopted.
A sufficient majority having voted therefor, the resolution was
STATE OF MiCillOANi
COUNTY OF OAKLAND)
I, Lynn O. Allen, Clerk of the County of Oakland and having a
seal, do hereby certify that i have compared the annexed copy of
Miscellaneous Resolution #86.152 adopted by the Oakland County Board of ;
Commissioners at their meeting held on May 22, 1986
with the original record thereof now remaining in my office,
and that it is a true and correct transcript therefrom, and
of the whole thereof.
In Testimony Whereof, t have hereunto set my hand and affixed
the seol of said County, at Fonttac, Michigan
this 22nd day of May 1986
CiTi77D7 Allen, ColITAy Clerk/
ReOster of Deeds7