HomeMy WebLinkAboutResolutions - 1974.01.10 - 15070Miscellaneous Resolution 6495 November 29, 1973
BY: PERSONNEL PRACTICES COMMITTEE - Mary M, Dearborn, Chairman
IN RE AMENDMENT TO OAKLAND COUNTY EMPLOYEES RETIREMENT
SYSTEM RESOLUTION
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr, Chairman, Ladies and Gentlemen:
WHEREAS Section 29 of the Oakland County Employees Retirement Plan presently
provides For on automatic retirement allowance for widows or dependent totally disabled
widowers of members who die while in County employment provided such member has
25 years of service or has attained age 60 with 10 years of service; and
WHEREAS the Oakland County Retirement Commission has recommended an amendment
effective retroactively to January 1, 1973 which would make this benefit applicable to dependent
spouses of members with 15 years of service or at age 60 with 10 years of service;
NOW THEREFORE BE IT RESOLVED that Section 29, "Non-Duty Death Retirement
Allowance" of the Oakland County Employees Retirement Resolution, as amended, be further
amended effective January 1, 1973 to read as follows:
Section 29,.
Any member who continues in the employ of the County on or after the date he
either (1) acquires 2S 15 years of credited service, or (2) attains age 60 years and has
10 or more years of credited service, whichever occurs first, and does not have an
option A election in force ., as provided in section 28 and (I:) dies while in County
employment and (2) leaves a SPOUSE, witbw-,-
ci-v4elower- whom the Commission finds tic) +i-e-4e-t-ei-14-7-.etmeneI-y-elis-creei-artiti- to have
been dependent upon the Fern elk- member for at least 50 per cent of his financial support,
the SPOUSE w-ielavv-orw-i-clow.ef shall immediately receive a retirement allowance computed
in the same manner in all respects as if the member had (1) retired the day preceding the
date of his death, notwithstanding that he might not have attained age 60 years,
(2) elected option A provided in section 27, and (3) nominated his w-ielow-er—teri-dowef
SPOUSE as beneficiary. No retirement allowance shall be paid under this section on
#6495
account of the death of a member if any benefits are paid or payable under section 34
on account of his death
The Personnel Practices Committee, by Mary M. Dearborn, Chairman, moves the
adoption of the foregoing resolution.
PERSONNEL PRACTICES COMMITTEE
Dearborn, an-man
Moved by Dearborn supported by Button. the resolution be referred to the
Finance Committee. There were no objections
REPORT January 10, 1974
BY: FINANCE COMMITTEE - Fred D, Houghien, Chairman
IN RE: MISC. RES, #6495 - AMENDMENT TO OAKLAND COUNTY EMPLOYEES
RETIREMENT SYSTEM RESOLUTION
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr, Chairman, Ladies and Gentlemen:
Pursuant to Rule XI, C of this Board, the Finance Committee finds the
necessary funds, in the amount of $35,400,00, available, such funds to be derived
from the fringe benefit appropriation in the personnel portion of the 1974 budget,
FINANCE COMMITTEE
Fred D, Houghten, Chairman
#6495
Moved by Dearborn supported by Moffitt that resolution #6495 be
adopted,
A 'sufficient majority having voted theref6r, the resolution was
adopted.
STATE OF MICHIGAN)
COUNTY OF 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 -
kesolution #6495 adopted by the Oakland County Board of Commissioners at
00 000000000000,60 0 0000 ameweemaemmeesmaemeem000000000000000000000400000.0000
their meeting held on January 10, 1974
,0.0 0400 0 0 00000 00 00 00000 0000eaomoctoeSe00e4.000000000000000000000400000000.000
with the original record thereof now remaining irn 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.. o olo1otl-io .j 0000000000 day of o oo aetnaory...
Lynn D.
Clerk