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MISCELLANEOUS RESOLUTION # 86339 December 11, 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 #86152, adopted May 22,
1986, provided the retirees from the Oakland County Employees'
Retirement System with an adjustment to their benefit levels; and
WHEREAS, the Board of Commissioners has changed the Blue
Cross Policy as part of the Fringe Benefit Package starting in
1987; and
WHEREAS, the Board of Commissioners periodically has
reviewed and elected to grant a discretionary increase in post
retirement benefits; and
WHEREAS, persons who have retired before January 1,- 1986
should be granted an adjustment in the retirement benefit of 2%,
and 1% to compensate for the changes in Blue Cross, effective
January 1, 1987; and
WHEREAS, the necessary funds to cover the cost of this
benefit will be provided from the Reserve for Retired Benefit
payments of the Oakland County Employees Retirement System and
will not require an Appropriation from the county;
NOW THEREFORE BE IT RESOLVED that the Oakland County
Employees' Retirement System be amended by adding a new subparagraph
(1) to Section 34.1 to read as follows:
"Post Retirement Benefit Increase"
Section 34.1
(1) For a monthly benefit which became effective as
of January 1, 1986 beginning with the monthly -
benefit payment, if any, for the month of January
1987, the amount of monthly benefit shall be
increased by 3% of the amount of benefit other -
wise payable for the period.
CHAIRPERSON, on behalf of the Personnel Committee,
move the adoption of the foregoing resolution.
PERSONNEL COMMITTEE
F ; RFSOLUTIOA
FISCAL NOTE
BY: FINANCE COMMITTEE, DR. G. WIT:LIAM CADDELL, CHAIRPERSON
IN RE: RETIREMENT SYSTEM AMENDMENT ADJUSTMENT BENEFIT-MISCELLANEOUS
RESOLUTION # 86339
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
Pursuant to Rule XI-G of this Board, the Finance Committee has
reviewed Miscellaneous Resolution # and finds funds available in
the Reserve for Retired Benefit payments of the County Employees Retirement
System to provide for persons who have retired before January 1, 1986, an
adjustment in the retirement benefit of 2%, and 1% to compensate for
changes in Blue Cross, effective January 1, 1987. No County appropriation
is required.
FINANCE COMMITTEE
Committee Vote:
Motion carried on a roll call vote with McConnell voting No and
Perinoff absent.
Resolution #
December 1
Moved by McDonald supported by Hassberger the resolution be adopted.
AYES: Moffitt, Nelson, Page, Perinoff, Pernick, Price, Rewold, Rowland,
Webb, Wilcox, Aaron, Calandro, Doyon, Fortino, Gosling, Hassberger, Hobart,
Richard Kuhn, Susan Kuhn, Lanni, McConnell, McDonald. (22)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHGAN),
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and haying a
seal, do hereby certi f y that I have compared the annexed copy. of
Miscellaneous Resolution adopted by the Oakland County Board of Commissioners
at their meeting held on December 11, 1986
wth 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, I have hereunto set my hand and affixed
the seal of said County at Ponti'ac, Michigan
this
11th day of December'z 1986
Cinn/r. Allen, Co'WE'y Clerk/
Reglister of Deeds'.