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HomeMy WebLinkAboutResolutions - 1982.06.17 - 13851June 17th, 1982 RESOLUTION NO. #82187 RE: AMENDMENT TO THE OAKLAND COUNTY EMPLOYEES' RETIREMENT SYSTEM BY: PERSONNEL COMMITTEE TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS MR. CHAIRMAN, LADIES AND GENTLEMEN: WHEREAS, the Board of Commissioners Miscellaneous Resolution No. 82037 adopted February 18, 1982 amended the Oakland County Employees' Retirement System; and - WHEREAS, the State Bureau of Retirement Systems requires that Misc. Resolution #82037 be amended to provide that Sec. 36B will apply only to members placed on disability retirement after the effective date of the amendment; NOW, THEREFORE, BE IT RESOLVED that Misc. Resolution #82037 be amended by inserting a new Sec. 36B to read 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 compen- sation. Should his earnings be later changed, the amount of his pension may be further modified in a like manner. This Section 36(b) shall apply only to members placed on disability retirement on or after the effective date of this amendment to the Oakland County Employees' Retirement System. Further amend Section 36 by relettering the present existing Paragraph (b) to (c). Mr. Chairperson, on behalf of the Personni Committee, I move the adoption of the foregoing Resolution. PERSONNEL COMMITTEE et ohn -J./McDonald, Chairperson ft 82 1 87 June 17, 1982 this 17th day of ir ) Ara_ 19 82 ALLEN Counjy. Clerk/Register of Deeds Moved by McDonald supported by Fortino the resolution be adopted. AYES: Moore, Olsen, Page, Patterson, Pernick, Peterson, Price, Whitlock, Wilcox, Aaron, Caddell, Cagney, Calandro, DiGiovanni, Doyon, Fortino, Gabler, Geary, Gosling, Hobart, Jackson, Lanni, McDonald, Moffitt, Montante. (25) NAYS: None. (0) A sufficient majority having voted therefor, the resolution was adopted. STATE OF WCHIGAN) ) COUNTY OF OAKLAND) 1, Lynn D. Allen Clerk of. the County of Oakland and having a seal,. -do hereby certify that have compared the annexed copy of Miscellaneous Resolution f! 82187 adopted. by the Oakland County Board of Commissioners at their meeting held on June 17, 1932 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, Hichigan