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HomeMy WebLinkAboutResolutions - 1985.03.13 - 11024MISCELLANEOUS RESOLUTION 85060-' February 28, 1 985 BY: PERSONNEL COMMITTEE - John J. McDonald, Chairperson IN RE: OAKLAND COUNTY EMPLOYEES' RETIREMENT COMMISSION - Changes to Oakland County Employees' Retirement System: Elimination of Age 70 Ceiling for Accumulation of Credited Service TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS the current provisions of the Oakland County Employees' Retirement System provide for separation from County employment upon the attainment of age 70; and WHEREAS the current provisions of the Retirement System prohibit accumulation of credited service for any County employment beyond the age of 70 years; and WHEREAS such a policy unfairly impacts County employees age 70 and older who are capable and desirous of working beyond that age and are prevented from so doing; and WHEREAS such a policy unfairly impacts County employees who work beyond the age of 70 years and are prohibited from accumulating further credited service; and WHEREAS County employees age 70 and above, capable and desirous of continuing their employment, are a valuable asset to the County; and WHEREAS the Oakland County Employees' Retirement Commission has approved and recommended changes to the Retirement System which would permit County employees to continue their emploYment beyond the age of 70 years under certain circumstances and to continue to accumulate credited service beyond the age of 70 years. NOW THEREFORE BE IT RESOLVED that the provisions of the Oakland County Employees' Retirement System are amended to provide as follows: Definitions: Section 2. (s) Delete Section 17 Membership Terminates: Section 17. Except as otherwise provided in this Resolution, shall any (a member leave the employment of the County for any reason except for retirement and death, he shall thereupon cease to be a member and his credited service at that time shall be forfeited by him. In the event he is reemployed by the County, he shall become a member of the Retirement System. Should this reemployment occur within a period of three (3) years from and after the date he last separated from County employment, his credited service last forfeited by him shall be restored to his credit; provided that he returns to employees savings funds the amounts he might have withdrawn therefrom, together with a regular interest compounded from the date of withdrawal to the date of repayment. Upon his retirement or death, or the first day of the calendar month next following the month in which he attains age 70 years, whichever occurs first, he shall thereupon cease to be a member. Extensions in County Employment: Section 24. Any member may be continued in County employment beyond his attainment of age 70 years; provided, that such continuance (1) shall not be granted for more than one year at any one time, (2) is requested in writing by the member, (3) is approved by his Department Head, and (4) is approved by the Commission. The Commission shall require evidence, satisfactory to the Commission, in- dicating the mental and physical fitness of the member to perform the duties of his position. If he has eight (8) or more years of credited service upon leaving County employment, he shall be retired with a retirement allowance provided in Section 25, subject to subsection (b) in this section. BE IT FURTHER RESOLVED that these amendments to the Oakland County Employees Retirement System are effective , 19 . Mr. Chairperson, on behalf of the Personnel Committee, I move the adoption of the foregoing resolution. PERSONNEL COMMITTEE FISCAL NOTE BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRMAN IN RE: OAKLAND COUNTY EMPLOYEES RETIREMENT COMMISSION - CHANGES TO OAKLAND COUNTY EMPLOYEES' RETIREMENT SYSTEM: ELIMINATION OF AGE 70 CEILING FOR ACCUMULATION OF CREDITED SERVICE - MISCELLANEOUS RESOLUTION #85060 TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairman, Ladies and Gentlemen: Pursuant to Rule XI-C of this Board, the Finance Committee has reviewed Miscellaneous Resolution #85060 and finds that the proposed amendment to Retirement System, Sections 2, 17, and 24, will have no fiscal impact on the 1985 Budget. FINANCE COMMITTEE #85060 March 14, 1985 Moved by Calandro supported by Nelson the resolution be adopted. Moved by Olsen supported by Webb the resolution be laid on the table. A sufficient majority having voted therefor, the motion carried.