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HomeMy WebLinkAboutResolutions - 1982.02.18 - 13520RESOLUTION NO. 82037 February 18 1982 RE: AMENDMENT TO THE OAKLAND COUNTY EMPLOYEES' RETIREMENT SYSTEM BY: THE PERSONNEL COMMITTEE TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS MR. CHAIRMAN, LADIES AND GENTLEMEN: WHEREAS, the Oakland County Employees' Retirement System does not provide for a suspension of retirement allowance to a retirant who returns to work for the County; and WHEREAS, the Retirement System contains no provision for a certification that a retirant due to a disability is engaged in a gainful occupation; and WHEREAS, the County Treasurer should be named the adminis trative officer of the retirement plan. NOW, THEREFORE, BE IT RESOLVED that the Oakland County Retirement System Rules be amended as follows: Amend by inserting a new Section 24.1 to read as follows "If a retirant becomes re-employed by the county, payment of his retirement allowance shall be suspended during the period of such employment Upon termination of such employment, payment Of his retirement allowance shall be resumed with change due to such re-employment." Amend Section 36 by inserting a new (b) to read aS follows: "If the Chairman reports and certifies to the Commission that a disability beneficiary is engaged in a gainful occupation, paying more than the difference between his final compensation and his disability pension or disability retirement allowance, and if the Commission concurs the amount of his pension shall be reduced to an amount which, together with the amount earned by him, is equal to the amount of his final compensation. Should his earnings be later changed, the amount of his pension may be further modified in a Iike manner." further amend Section 36 by relettering the present existing Paragraph (b) to (c). Mr. Chairperson, on behalf of the Personnel Committee, I move the adoption of the foregoing Resolution. PERSONNEL COMMITTEE /John . ~o30n~ld, Chai-~-r~o~. I HER~Y APPROVE THE FOR~OING RESOL~ IT' '- ' T. Mufphy, ~6ud~h~e Date #82037 February 18, 1982 Moved by McDonald supported by Fortino the resolution be adopted. AYES: Peterson, Prlce, Wilcox, Cagney, Calandro, DiGiovanni, Doyon, Fortino Gosling, Hobart, Jackson, Kasper, Lanni, McDonald, Moffitt, Montante, Moore, 01 Page, Patterson, Perlnoff, Perntck. (23) NAYS: None. (O) ABSTAINED: Whitlock. (1) A sufflcient majority having voted therefor, the resolution was adopted. STATE OF Ml Ct~ I GAN~ - COUNTY OF OAKi-AND~ I, Lynn D A71en, Clerk of the County-of Oakland and having:a sea~ ~o hereby certify that I have compared the annexed copy of Miscellaneous Resolution #82037 adopted by the Oakland County Board of Commissioners at their meetin~ held on February 18, 1982 with the orginial record thereof now remaining in my office, and that it ls a true and correct transcr;pt therefrom, and of the whole thereof. In Testimony Whereof, I have hereunto set my hand and affixed the seal of said County at Pontiac, 11ichigan this 18th day of ~ Febru ~ 1982 ~ ALLEN Coun~y Clerk~Register of Deeds Unable to recognize this page.