Loading...
HomeMy WebLinkAboutResolutions - 1979.07.12 - 12344PUBLIC SERVICES COMMITTEE 1,7/f AA // lEg al odot, hair P PW Miscellaneous Resolution # 9053 July 12, 1979 BY: PUBLIC SERVICES COMMITTEE - Henry William Hoot, Chairman IN RE: CETA RETIREMENT CONTRIBUTION POLICY TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS, the Oakland County Board of Commissioners by Miscellaneous Resolution No. 6546 applied for and was granted the designation as Prime Sponsoroy the U.S. Department of Labor to administer the provisions of tne Comprehensive Employment and Training Act of 1973; and WHEREAS, the April 3, 1979 federal regulations governing CETA require that the Prime Sponsor select one of four ways to reimburse retirement contributions for CETA participants who are enrolled on or after July 1, 1979, and those ways are the exclusion, vesting, actuarial and ouy pack methods, all of which are described in the attacned CETA Letter No. 79-51; and WHEREAS, the vesting method is the only alternative which assured that retirement contributions are made while tnose who will actually receive the benefits in The future are still enrolled in CETA; and WHEREAS vesting is the only alternative by which CETA expenses can be directly measured and does not involve the prediction of future costs; and WHEREAS, the present Master Plan established a reserve account for the payment of retirement contributions and tne federal regulations no longer allow this alternative. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners will reimburse retirement contrioutions from CETA funds for CETA participants enrolled on or after July 1, 1979 only to the extent that the contribution is vested at tne time it is made. BE IT FURTHER RESOLVED that the Master Plan will be modified to incorporate this action. The Public Services Committee, by Henry William Hoot, Chairman, moves the adoption of the foregoing resolution. APPROVE TH FOREGOING RESOLUTICW 2-13.-7c U. S. Dep:irrit c; Labor Er;72yme:tt 2:.3 South D.2.2rb,:.:rn rt 1Mncis ECE04 !-.1.ay 22, 1979 ' 5TCEB REGION V ETA CETA LETTER NO. 79 -5 1 SUBJECT: Significant Changes in the Final Regulations Regarding Retirement Contributions TO: All CETA Prime Sponsors 1. Purpose: To transmit a summary of the provisions in the April 3, 1979 regulations regarding retirement contributions and the major changes between those provisions and the proposed Jaauary 19, 1979 regulations. 2. Directives Affected: A. References Region V ETA CETA Letter No. 79-6, dated October 16, 1978 Region V ETA CETA Letter No. 79-27, Part 1, dated February 26, 1979 Region V ETA CETA Letter No. 79-27, Part II, dated March 5, 1979 Region V ETA CETA Letter No. 79-42, dated April 27, 1979 44 FR, pages 19990 - 20053, published April 3, 1979, Section 678.2E B. Rescissions Region V ETA CETA Letter No. 77-94, dated August 30, 1977 Region V ETA CETA Letter No. 73-7, dated November 9, 1977 Region V ETA CETA Letter No. 73-7, Change 1, dated Dec. 7, 1977 Region V ETA CETA Letter No. 78-62, dated May 22, 1978 3. Subiect Index: - General Policy XVI - Grant Funding and Review 4. Baek%round: CETA Letter 79-42 transmitted a sulary of itans in the final April 3, 1979 reauthorized CETA regulations which differ significantly from the proposed January 19, 1979 regulations. Section 676.28 (retirement benefits for program participants) as inadvertently omitted from that CETA letter. There were significant changes to that section in the final regulations. RECEIVED rrriploymen & Training , 5. General Summary of Provisions in the Final ReTalations: A. Exclusion is niT4 permitted (676.28(1)(a)). All CETA partici- pants may be excluded from retirement plans. This does not mean that_ participants may be excluded frcm other benefits that mighntie tu441>tq The final regulations discuss the option, of holding the participant's share of the retirement contributions in an interest earning reserve account in the event that the participant obtains unsubsidized employment with the employer upon leaving CETA. The employer's share of the retirement contribution, however, may not be held in a reserve account, but must be made from the CETA grant in force at the time the contribution is made. . 4) Alternative Methods. An alternative method which assures that the employer's contribution to a retirement system bears a reasonable relationship to the cost of providing benefits to the CETA participants, is allowable but only upon written approval of the Assistant Secretary of Labor for Employment and Training. D. Extensions: Extensions for compliance with the provisions of the regulations regarding retirement contributions may be granted only under very limited conditions, none of which apply to prime sponsors in Region V. Therefore, no extensions are permitted in this region. D. Packaes of Benefits: CETA participants must receive the same non-retirement benefits (e.g., death and disability benefit coverage) as other employees. CETA funds may be used to purchase a package sf benefits which normally includes retirement only if the retirement port!_ort of the package can be factored out and the non-retirement portion of the package purchased separately. F. FICA: Where exclusion of CETA participants from retirement systems would automatically result in their exclusion from coverage under FICA, FICA coverage is not mandated for such partici?ants. 6. Highlights of Significant Changes Between Proposed and Final Reoulations: A. Proposed regulations (as well as October 18, 1977 regulations) allowed the establishment of a separate reserve retirement account for the emoloyer's contributions. The final regulations eo not provide for this method of compliance. The establishment of a retirement reserve account with CETA funds is not allowable based on F.P.r.: 74-4, Attachment B, paragraph D2 which states, "contributions to a contl.ngency reserve or a similar provision for unforeseen events are nnallovable." B. Vesting is described as an allowable method for the first time. C. The regulations now describe the methodology whereby CETA funds may be expended under the various allowable systems. D. The regulations now describe a system whereby the participant's share of retirement contributions may be held in a reserve account under the "Buy-Back" method. E. Methods of compliance other than those specifically described in the regulations must now be approved by the Assistant Secretary. OAKLAND COUNTY Inter-Departmental Memo Date 7 /6 /79 From: _ To: Subject: Kathleen Brang, C.R.U. Supervisor Hal McKay, Division Manager CETA Retirement Policy In compliance with your instructions, I am submitting my recommen- dation on the retirement issue. CETA Letter 79-51 presents four choices from which the Prime Sponsor is to choose one. I have discussed the four alternatives with our federal representatives and we both agree that the vesting method is the best route to follow. Under the vesting method, all CETA employees who enroll on or after July 1, 1979 would be excluded from retirement benefits paid by CETA funds except those who obtain vesting during their eighteen months of participation. CETA contributions will only be made at the time a person achieves vesting and there will be no retroactive CETA retirement reimbursements for the time an employee was not vested. If a CETA employee will be vested beginning the first day of his en- rollment, then CETA will pay the retirement contributions from day one. If, however, the enrollee will not achieve vesting until a later date during his eighteen months, the employer will have to pay the retirement until the participant obtains vesting. At that time, CETA will begin making the con- tribution. If an employee does not obtain vesting while enrolled in CETA, no retirement contribution will ever be made even if at some future date that person should become vested as an unsubsidized employee. • The vesting method will make budgeting for retirement costs possible. The actuarial and buy back methods do not. The vesting alternative assures that those participants who will actually be entitled to pensions in the future will receive them. Total exclusion does not. #9053 July 12, 1979 Moved by Hoot supported by Fortino the resolution be adopted. AYES: Hoot, Kasper, Kelly, McConnell, McDonald, Moffitt, Montante, Moore, Moxley, Murphy, Page, Patterson, Perinoff, Pernick, Peterson, Roth, Wilcox, DiGiovanni, Doyon, Dunaskiss, FortinD, Gabler. Gorsline. (23) NAYS: Price. (1) 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 Resrdution #9053 adopted by the Oakland County Board of Commissioners at tleir meeting held on July 12, 1979 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 12th July 79 this day of 19.... Lynn D. Allen Clerk By Deputy Clerk