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HomeMy WebLinkAboutResolutions - 1989.02.23 - 17241February 9, 1989 Miscellaneous Resolution # 89025 BY: PERSONNEL COMMITTEE - John P. Calandro, Chairperson IN RE: RETIREMENT COMMISSION - MILITARY CREDIT TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS the Oakland County Board of Comildssioners is desirous of recognizing the time that employees of Oakland County spent in defending the United States of America during times of war and aggression; and WHEREAS the State law that governs the act that established our plan, allows military time to be granted under certain conditions and for certain period of time; and WHEREAS the employee to be eligible for this benefit must have ten (10) years of Oakland County service, must have entered the military before June 1, 1980, and must not be receiving or will receive a military retirement benefit from another retirement credit; and WHEREAS the County wishes to limit its cost for this benefit, the time granted shall be limited to 24 months of military credit; NOW THEREFORE BE IT RESOLVED that the following section be added to the Oakland County Employees Retirement System: Section 20. Non-intervening Military Service; Conditions for Credited Service. (b) A member who has served in any armed service of the United States shall be entitled to credited service for periods of active duty lasting 30 or more days, if each of the following conditions are satisfied: (1) The member has at least ten (10) years of credited service, not including any credited service acquired for intervening military service under the provisions of paragraph (a) of this section; (2) The member pays the retirement system 5% of the member's annual, full-time rate of compensation at time of payment multiplied by the period of service being claimed; (3) Armed service credited a member under this paragraph shall not exceed the smaller of two (2) years and the difference between five (5) years and the intervening armed service credited the member under paragraph (a) of this section; (4) Credited service shall not be granted for periods of Military service which are or could be used for obtaining or increasing a benefit from another retirement system; (5) The member entered the armed service before June 1, 1980 or entered during a time of war or emergency condition on or after June 1, 1980; (6) The member elects to purchase the service and contributes the required amount to the retirement system within one (1) year of the member's eligibility date. The eligibility date for current County employees who have completed ten (10) or more years of service and whose employment is not subject to collective bargaining is January 1, 1989. The eligibility date for all others shall be at the completion of their ten (10) years of County service. The purchase of non-intervening military service will apply to a County employee whose employment is subject to collective bargaining only if included in the applicable bargaining agreement. If included, the eligibility date will be as specified in the agreement. Mr. Chairperson, on behalf of the Personnel Comluittee, I move the adoption of the foregoing resolution. PERSONNEL COMMITTEE HEfiEBY APPROVE THE FOREGOING RESOLUTION Daniei T. Muiphy, Cduntygnati 3 February 23, 1989 FISCAL NOTE BY: FINANCE CCMFITTEE, DR, G. WILLIAM CADEEIL, CHAIRPERSON IN RE: PETIREVENT CCMMISSION FOLLITARY CREDIT - MISCELIMBOUS RESOLUTION #89025 TO TBE OAKLAND COUNTY BOARD CF CCMFESSICNERS Mt. Chairperson, TAdies and Gentle -fen: Pursuant to Rule XI-G of this Board, the Finance Cbmmittee has reviewed Miscellaneous Resolution #89025 and finds: 1) The Retirement. Cbmmission has approved a proposal amending the retirement system allowing certain employees credit pp to 24 months of military service providing they invest 5% of their annual full-rate of coguensation multiplied by the period of service being claimed; 2) The actuary calculates the annual cost to the County for the non-represented employee to be $139,954, motels of the bargaining units must approve this proposal in their agreements; 3) The Ceputy AsSociation has agreed to include this provision in their agreement, increasing the annual Cbunty cost by $90,436. 4) County cost will not begin until 1990 1 no budget agendgents are reccmgended for 1989. FINANCE comunte RESOLUTION # 89025 February 25, 190- Moved by Calandro supported by Pappageorge the resolution be adopted. AYES: S. Kuhn, Law, Luxon, McConnell, McCulloch, McPherson, Moffitt, Oaks, Olsen, Pappageorge, Rewold, Skarritt, Wolf, Caddell, Calandra, Chester, Crake, Gosling, Johnson, R. Kuhn. (20) NAYS: Pernick, Aaron, Jensen. (3) A sufficient majority having voted therefor, the resolution uas 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 the attached resolution, adopted by the Oakland County Board of Commissioners at their regular meeting held on February 23, , 1989 with the original record thereof now remaining on file 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 23rd day of FebiwAry , 198Y _ LYNy'D. ALLEN, County Clerk Register of Deeds