HomeMy WebLinkAboutResolutions - 1982.02.18 - 13521
MISCELLANEOUS RESOLUTION 82039
BY: COMMISSIONER JOHN J. McDONALD
IN RE: AMENDMENT OF THE DEFERRED COMPENSATION PLAN
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
February 1 8, 1 982
WHEREAS, by Miscellaneous Resolution 8898 adopted May 3,
1979, the County of Oakland established a Deferred Compensation
Plan for the benefit of its employees; and WHEREAS, a new benefit
is available to be incorporated in the Plan which would provide
for a Participant in the Plan after retiring to select a different
benefit than originally selected; and WHEREAS, it is necessary to
amend the Deferred Compen sation Plan. NOW THEREFORE BE IT
RESOLVED that the Oakland County Deferred Compensation Plan be and
is hereby amended by inserting in Section VII, entitled
"Retirement Benefits", a new Paragraph F which provides as
follows:
"F. A Participant who has retired and is drawing benefits pursuant
to this Section may, during a period from June 1 to 30, both
inclusive each year, select a different form than previously
selected as long as the Participant's participation account lasts."
The Personnel Committee, by John J. McDonald,
Chairperson, moves the adoption of the foregoing resolution.
PERSONNEL COMMITTEE
I HEREBY APPROVE THE FOREGOING RESOLUTION
Daniel T. Murphy, County Executive 2-26-82
#82039
February 18, 1982
Moved by McDonald supported by Whitlock the resolutlon be adopted.
AYES: Price, Whitlock, Wilcox, Cagney, Calandro, DiGiovanni, Doyon, Fortino,
Geary, Gosling, Hobart, Jackson, Kasper, Lanni, McDonald, Moffitt, Montante, Moore,
Olsen, Page, Patterson, Perinoff, Pernick, Peterson. (24) NAYS: None. (O)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY or 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 #82039 adopted by the Oakland County Board of
Commissioners
at their meeting held on February 18, 1982
with the orginial 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 18th day of February 19 82
ALLEN
. County Clerk/Register of Deeds