HomeMy WebLinkAboutResolutions - 1979.12.06 - 12261moves t .71ance of the fo
Decei oth, 1?79
,ZT
BY: GENERAL GOVERNMENT COI)i ,l'TTEE
Robert H. Gorsline, ChaL-
IN RE: Miscellaneous ResoluHc Y 9., -\rnenciment to Retirement System -
Cost-of-Living
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr, Chairperson, Ladies and Gentlemen :
The C2--eral Committee reviewed Miscellaneous
Resolution #9194 Amendmt to Retirement - Cost-of-Living, reports
with the rer Ation that this resolution
The C Government C by Robert H. Go n,
REPORT December 6, 1979
BY: PERSONNEL COMMITTEE - John j. McDonald, Chairperson
RE: tv\iscellaneous #9194, Amendment tore.;..nent System
Cost-of-Living
Mr. Chairperson, Ladies and Gentlemen:
The Personnel Committee, by John J. McDonald, Chairperson, having
reviewed Miscellaneous Resolution #9194, Amendment to Retirement System
Cost-of-Living, reports with the recommendation that the resolution be adopted.
The Committee, by John J. McDonald, Chairperson, moves the
acceptance of the foregoing report.
PERSONNEL COMMITTEE
. McDonald, Chairperson
Mr. Chairperson, we move the adoption of the foregoing resolution",
/ ,/
Dennis Murphy, CommiAroner
District #24
.//
Wallace F. Gabler, Jr., Commissioner
District #12
Miscellaneous Resolution 9194 November 1, 1979
BY: Dennis Murphy, Commissioner, District #24
Wallace F. Gabler, Jr., Commissioner, District #12
IN RE: AMENDMENT TO RETIREMENT SYSTEM - COST-OF-LIVING
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS by Miscellaneous Resolution 8850 adopted March 1, 1979, the Oakland
County Board of Commissioners provided the retirees from the Oakland County Employees'
Retirement System with their last cost of living adjustment benefit effective
January 1, 1979; and
WHEREAS the cost of living increases since January 1, 1979, have accelerated
sharply; and
WHEREAS to compensate for the accelerated cost of living increase since
January 1, 1979, persons who have retired on or before January 1, 1980, should be
granted a post retirement cost of living increase benefit; and
WHEREAS the necessary funds to cover the cost of this benefit will be
provided from a Special Reserve Account 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 sub-paragraph (g) to Section 34.1 to read as
follows:
Post Retirement Benefit Increases
Section 34.1
(g) For a monthly benefit which became effective before January 1,
1980, beginning with the monthly benefit payment, if any, for
the month of January, 1980, the amount of the monthly benefit
shall be increased by 2-1/2% of the amount of the benefit
otherwise payable for the period.
FISCAL REPORT
BY: FINANCE COMMITTEE, DENNIS MURPHY, CHAIRPERSON
IN RE: AMENDMENT TO RETIREMENT SYSTEM - COST OF LIVING - MISCELLANEOUS
RESOLUTION #9194
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
Pursuant to Rule XI-C of this Board, the Finance Committee has re-
viewed Miscellaneous Resolution #9194 and finds the subject adjustment
would be entirely funded by the Retirement Fund and would not require
any County funds now or in the future.
FINANCE COMMITTEE
Dennis Murphy, Chairperson
#9194 December 6, 1979
Moved by Gorsline supported by Fortino the report be accepted.
A sufficient majority having voted therefor, the motion carried.
Moved by Gorsline supported by Wilcox that Resolution FI-9194 be adopted.
Moved by Aaron supported by Cars] me the resolution be amended in the
3rd WHEREAS paragraph and in the Title by striking the words "cost of living".
A sufficient majority having voted therefor, the amendment carried.
Vote on resolution as amended:
AYES: Peterson, Price, Roth, Wilcox, Aaron, Caddell, DiGiovanni, Doyon,
Dunaskiss, Fortino, Gabler, Gorsline, Hobart, Hoot, Kasper, Kelly, McDonald,
Moffitt, Montante, Moore, Moxley, Murphy, Page, Patterson, Perinoff, Pernick. (26)
NAYS: None. (0)
A sufficient majority having voted therefor, resolution #9194 as amended,
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
withtheoriainalracorddT in my
office, and that It is a tat. a t -ript
tt.s, and ad
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
of... ENCVIt'q 19..79
Lynn D.
By a.50Owf.abgtn OSAAmA44.F4.R.R1.,,,...fp Y Clerk