HomeMy WebLinkAboutResolutions - 1978.03.02 - 12799Miscellaneous Resolution No. 8360 March 2, 1978
Johnoq. McDonald, Chairman
BY: PERSONNEL COMMITTEE - John J. McDonald, Chairman
IN RE: AMENDMENT TO OAKLAND COUNTY EMPLOYEES' RETIREMENT SYSTEM
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS the Oakland County Employees' Retirement System has,
since 1969, computed Post-Retirement Benefit Increases on years of
benefits to May First of each year; and
WHEREAS the Retirement System's actuary has long recommended
a minor change in the language pertaining to Post-Retirement Benefit
Increases; and
WHEREAS the proposed amendment would bring language into line
with practice since 1969,
NOW THEREFORE BE IT RESOLVED that the Oakland County Employees'
Retirement System Section 34.1(a), lines 9 and 10 be amended from:
"the period from the effective date of the benefit to the
current May First. In no event shall such redetermined
amount (i) be more than the amount."
To:
"the period from the year the benefit became effective to the
current calendar year. In no event shall such redetermined
amount (i) be more than the amount."
BE IT FURTHER RESOLVED that the Oakland County Employees'
Retirement System Section 34.1(c), lines 12 and 13 be amended from:
"each full year (excluding any fraction of a year) in the period
from May 1, 1969, to the current May First. In no event shall
such redetermined amount."
To:
"each full year (excluding any fraction of a year) in the period
from 1969 to the current calendar year. In no event shall such
redetermined amount."
The Personnel Committee, by John J. McDonald, Chairman, moves the
adoption of the foregoing resolution.
PERSONNEL COMMITTEE
#8360 March 2, 1978
Moved by McDonald supported by Olson the resolution be adopted.
Robert W. Page requested to know if there were any financial implications.
The Chairperson indicated there were no financial implications.
AYES: McConnell, McDonald, Moffitt, Montante, Olson, Page, Perinoff, Pernick,
Peterson, Price, Simson, Wilcox, Aaron, Daly, DiGiovanni, Doyon, Fortino, Gabler,
Gorsline, Hoot, Kelly, Lanni. (22)
NAYS: None. (0)
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 #8360 adopted by the Oakland County Board of
00, es•P osrDer es ea p6001“4000e it.er ee .e•ege.e•PI.P.P.e.40•POP0 P•n••00 .............
Commissioners at their meeting held on March 2, 1978
(2134 0-•••0 .003.000 es0P.00“a•• ee 0-0 Pe POP aPPO evapa•e•a • •0-• "0.00.0
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
this 2nd day of,, March .....
l92.
Lynn D. Allen........ ......Clerk
By........................... ...... Deputy Clerk