HomeMy WebLinkAboutResolutions - 1975.12.18 - 14542• c
Miscellaneous Resolution M7 December•18, 1975
P,Yz PERSONNEL - Paul E. Kasper, Chairman
IN RE: CHEDIT T0',JAR.M. KETIRINT FOR SF ' IG1I
TO TUE nAtAND COUNTY BOUD OF COMMISSIONERS
ET, Chairman, Ladies and Centiemeri:
WHEREAS, Act 182 of the Public Acts of 1975 provides that counties
may permit up to six years credit towards retirement for military service; and
WHEREAS, the amount of militaxy service is the equivalent of approximately
15% of the total accrued service existing in the retirement system as of June 30,
1975; and - •
WHEREAS, the minimum cost to the County to grant military service credit
would be $3,900,000.00, producing an additional County contribution of
app -roximately 0.65% of member payroll for the next 25 years; and
WHEREAS,
the cost to the County is Lou great to grout: miltary service
credit at this time
NOW ThEREPDRE IF IT RESOLVED tilat the County of Oakland does not grant
credit. for military service years toward reLirment as permitted in Act 182
of the Public Acts of 1975
The Personnel Committee, by Paul 17- Kasper, -CaairJan,_moves
of the foregoing resolution.
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Moved by Moffitt supported by Daly the resolution be adopted.
Moved- by Gabler supported by Patterson the rcsolution be referred to the
Genera 1 Government Committee,
A sufficient majority having voted therefor, the motion carried.