HomeMy WebLinkAboutResolutions - 1984.05.10 - 16964May 10th, 1984
Miscellaneous Resolution 0 84116
By: Personnel Committee John McDonald, Chairperson
In Re: Amendment to the Retirement System-Adjustment Benefit
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS Miscellaneous Resolution 088206 adopted July 22, 1982
provided the retirees from the Oakland County Employees' Retirement
System with their last cost-of-living adjustment benefit effective
January 1, 1982; and
WHEREAS to compensate for the cost-of-living increases since
January 1, 1932, persons who have retired on or before July 1, 1984,
should be granted a post-retirement cost-of-living increase benefit;
ana
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 co'Jnty:
NOW THEREFORE BE IT RESOLVED that the Oakland County Employees
Retirement System be amended by adding a new subparagraph (j) to Section
34.1 to as follows:
"Post Retirement Benefit Increases"
Section 34.1
(3) For a monthly benefit which became effective before
July 1, 1984, beginning with the monthly benetit
payment, if any, for the month of July 1, 1964, the
amount of monthly benefit shall be increased by
2-i% 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
cJcz.*\c1-10--
/
/ John P. Calandro, Vice Chairperson
idEREWY (APPROVE THE FOREGOING RESOLUTION
\ .,"_RY2.7ZZIK_ ?7 _ T. Mtirp'ey; C y )(e , tivaor Deo
10th day of 9 81+
ALLEN
Counity Clerk/Register of Deeds
May
#841I6 May 10, 1984
Moved by Calandra supported by Nelson the resolution be adopted.
AYES: Olsen, Perinoff, Pernick, Price, Rewold, Wilcox, Aaron,
Calandra, Doyon, Foley, Fortino, Gosling, Hobart, R. Kuhn, S. Kuhn, Lanni,
Law, McDonald, Moffitt, Moore, Nelson. (21)
NAYS: None. (0)
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 ;84116 adopted by the Oakland County Board of Commissioners
_at their meeting held on May 10, 19,84
with the urginial 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