HomeMy WebLinkAboutResolutions - 1982.07.22 - 13876July 22nd, 1982
Miscellaneous Resolution 4 82206
By Personnel Committee - John J, McDonald - Chairperson
In re; Amendment to Retirement System - Adiustment Benefit
TO THE OAKLA.ND COUNTY BOARD OF COMMISSIONERS
Mr.. Chairperson, Ladies and Gentlemen:
WHEREAS by Miscellaneous Resolution 481236, adopted August 6th, 1981,
the Oakland County Board of Commissioners provided the retirees from the Oakland
County Employees' Retirement System with their last adiustment benefit effective
January 1st, 1981; and
WHEREAS inflation since January 1st, 1981, has increased; and
WHEREAS to compensate for the increased inflation since January 1st, 1981,
persons who have retired on or before January 1st, 1982, should be granted a
post-retirement adjustment benefit; and
WHEREAS the necessary funds to cover the cost of this benefit will be
provided from the Reserve for Retired Benefit Payments of the Oakland County
Employees Retirement System and will not require an appropriation from the County,
NOW THEREFORE BE IT RESOLVED that the Oakland County Employees'
Retirement System be amended by adding a new subparagraph (I) to Section 34,1
to read as follows:
Post Retirement Benefit Increases
Section 34,1
(1) For a monthly benefit which became effective before
January 1, 1982, beginning with the monthly benefit
payment, if any, for the month of January 1982, the
amount of monthly benefit shall be increased by
I-1/2% of the amount of the benefit otherwise
payable for the period,
MR_ CHAiRPERSON, on behalf of the Personnel Committee, I move the
adoption of the foregoing resolution,
PERSONNEL COMMITTEE
8 15 2
ALLEN
Clerk/Register of Deeds
day of 22nd this
1182206 July 22, 1582
Moved by McDonald supported by Moore the resolution be adopted.
AYES: Pernick, Price, Wilcox, Caddell, Calandra, DiGiovanni, Doyon,
Fortino, Geary, Hobart, Jackson, Kasper, Lanni, McDonald, Moffitt, Moore,
Olsen, Patterson, (18)
NAYS: None. (0)
ABSTAIN: Whitlock. (1)
A sufficient majority having voted therefor, the resolution was adopted,
STATE OF MiCHIGAN)
COUNTY OF OAKLAND)
1, 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 #822.06 adopted by the Oakland County Board of Commissioners
at their meeting held on July 22, 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