HomeMy WebLinkAboutResolutions - 1980.02.28 - 11918John.J. McDonald, Chairperson
Miscellaneous Resolution # 9333 February 28, 1980
BY: PERSONNEL COMMITTEE - John J. McDonald, Chairperson
IN RE: AMENDMENT TO RETIREMENT SYSTEM
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Retirement System in Section 17 provides
that an employee whose membership terminates in the Oakland County Retirement
System because of separation from the County of Oakland may, upon his re-
employment within a five-year period from his separation date and upon
payment of any funds withdrawn, plus interest, be entitled to his credited
service last forfeited by him; and
WHEREAS Act 156 of the Public Acts of 1851, as amended, requires
as a condition for reinstatement of forfeited credits that such employee return
to County employment within a three-year period from the date last separated,
together with interest compounded from the date of refund to the date of
repayment; and
WHEREAS the Oakland County Retirement Plan should be amended to con-
form with the requirements of Act 156 of the Public Acts of 1851.
NOW THEREFORE BE IT RESOLVED that the Oakland County Retirement
System be amended by striking out the present Section 17 in its entirety and
inserting a new Section 17 which shall read as follows:
"Sec. 17. Except as otherwise provided in this Resolution,
shall any 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, prior to his attainment of the age 65 years, he
shall become a member of the Retirement System. Should his
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funds the amounts he might have withdrawn therefrom, together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 regular interest compounded from the date of withdrawal
to the date of repayment. Upon his retirement or death, or
upon his determination date, whichever occurs first, he
shall thereupon cease to be a member."
The Personnel Committee, by John J. McDonald, Chairperson, moves the
adoption of the foregoing resolution.
PERSONNEL COMMITTEE
#9333 February 28, 1980
Moved by McDonald supported by Fortino the resolution be adopted.
AYES: Kasper, Kelly, Lewand, McDonald, Moffitt, Montante, Moore, Murphy,
Patterson, Perinoff, Pernick, Wilcox, Caddell, DiGiovanni, Doyon, Dunaskiss,
Fortino, Gabler, Gorsline, Hobart, Hoot. (21)
NAYS: None. (0)
A sufficient maiority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of
..1.1.ipj.lpriepy;.Resplution ./m3Ladopted .by .the .Oakland,.County .Board .of
1980 .
with the original record thereof now remaining in my
office, and that it is a true and corrzct
therefrom, and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
February this.............28th........day of................l9.80...
Lynn D. Allen......................Clerk