HomeMy WebLinkAboutResolutions - 1980.09.18 - 12210September 18, 1980 RESOLUTION NO. 9570
RE: AEENDNENTS TO RETTN -.— I
BY: PERSONNEL COMMITTEE
TO: TEE OAKLAND COUNTY T9OARD 07 CO:
MR. CHAIRMI\N, LADIES AND GENTIENEN:
WHEREAS, your Personnel Committee has reviewed the recom-
mendations of the Oakland County Retirement Commission; and
WHEREAS-, your Personnel Committee concurs with the' recom-
mendations to amend, the Retirment System Plan,
NOW THEREFORE BE IT RESOLVED that the Oakland County Retire-
ment Plan be amended by inserting a new Section 2(s) and a new
Section 26, respectively, to read as follows:
Section 2(s)
" 'Determination Date' for a rer'bor shall be the
first day of the calendar month next following
the month in which he attains age 70 years."
Section 26
"(a) Should any member with 8 or more years of credlted.
service leave the employ of the County prior to the
date he has satisfied. the age and service requiremwm's
for retirement provided in Section 22, for any reuse
except his disability retirement or death, he shall be
entitled to a retirement allowance provided in Section
25 as the section was in effect at the time he left
County employment. His retirement allowance shall be-
gin as of the date his application for same is filed
with the Commission, but not prior to his attainment or
age 60 years; provided, that his application shall not
be filed with the Commission prior to 90 days preceding
his attainment of age 60 years. In the event he with-
draws his accumulated contributions f - the errw,lo
savings fund he shall thereupon forfei4- his rir,Nt to a
deferred retirement all p7ovided in this .(1 -.1 -n,
In no case shall he receive service credit for the
period of his absence from the County employ:I:mut, ex-
cept-as provided in this resolution. Until the beginning
date of his retirement allowance has accumulated contri-
butions standing to his credit In the owloyees savings
fund shall be credited with regular interest
"(b) Should any with 25 or me years of cre*!ted
service leave tbe of the Cm It :, prior to the
he has satisfied the age and servico requiements for
retirement provided in Section 22 for any reason except
his disability retirement or death, he shall he enti -1 ,.d
to a retirement allowance provided in Section 25 en
section was in effect at the time he left County
ment. His retirement allowance shall begin as of
date his application for same is filed with the Com-
mission, but not prior to his attainment of age 55;
provided, that his application shall IL not be filed
with the Commission prior to 90 days rreeeding his
attainment of age 55 years. in the event he with-
draws his accumulated centri_butiens from the e -.*.l±pees
savings fund he shall theren7en forfeit his right to
a deferred roctiln=nt alias --e provided in this
section. in no case shall he receive service r'rc ,dit
for the period of his absence from the County ::1y--
ment, except as provided In this resolution. Until
the beginning date of his retirement alluence his
accumulated contributions standing to his credit in
the empToyees savings fund shall be credited with
regular interest.
MR. CHAIRMAN, on behalf of the Personnel Committee, 1 move
the adoption of the foregoing resolution.
#9570 September 13, 1980
Moved by McDonald supported by Perinoff the resolution be adopted.
Discussion followed.
Moved by Moxley supported by Murphy the resolution be amended by
deleting Section 26(b)
Discussion followed.
Vote on amendment:
AYES: Moffitt, Moxley, Murphy, Pernick. (4)
NAYS: Kelly, Lewand, McDonald, Montante, Moore, Page, Patterson, Perinoff,
Price, Aaron, Caddell, DiGiovanni, Doyon, Dunaskiss, Fortino, Gabler, Gorsline,
Hobart. (18)
A sufficient majority not having voted therefor, the amendment failed.
Moved by Montante supported by Moxley the question be divided and
vote on Section 2(s) and SectiOn 26(a) separately from 26)b).
Discussion followed.
Vote on amendment:
AYES: Moffitt, Montante, Moxley, Murphy, Patterson, Pernick, Caddell,
DiGiovanni, Dunaskiss, Gabler. (10)
NAYS: Lewand, McDonald, Moore, Page, Perinoff, Price,. Aaron, Doyon,
Fortino, Gorsline, Hobart, Kelly. (12)
A sufficient majority not having voted therefor, the amendment failed.
Discussion followed.
Vote on resolution:
AYES: Moore, Page, Perinoff, Pernick, Price, Aaron, DiGiovanni, Doyon,
Dunaskiss, Fortino, Gabler, Gorsline, Hobart, Kelly, Lewand. (15)
NAYS: Moffitt, Montante, Moxley, Murphy, Patterson, Caddell. (6)
A sufficient majority 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
Miscellaneous Resolution #9570 adopted by the Oakland County Board of
Commissioners at their meeting held on September 18, 1980
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, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
— 18th September 80
Lynn D.
• .Deputy Clerk