HomeMy WebLinkAboutResolutions - 1984.09.13 - 17967September 13, 1984 •
Miscellaneous Resolution 0 8.4244
BY: PERSONNEL COMMITTEE - John J. McDonald, Chairperson
IN RE: RETIREMENT SYST AMU= WPTn CLI7P_AMIZILitniM
SYSTEM SECTIONS 22: 25(a)(2); 26(b)
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Employees' Retirement System provides for
a credited service multiplier of 1.8% times final average compensation and for
voluntary retirement at age 35 with 25 or more years of service; and
WHEREAS recent labor agreements with the Oakland County Deputy Sheriff's
Association and the Command Officers Association (N.U.P.O.) provide for an increase
from 1.8% to 2.0% for the credited service multiplier effective 1/1/85 and for a
reduction in the retirement age from age 55 with 25 years of service to age 50
with 25 years of service in the Sheriff's Department, effective 12/31/85;
NOW THEREFORE BE IT RESOLVED that Section 22 of the Oakland County
Retirement System rules be amended to read as follows:
"Any member who (1) has attained age 53 years and has 25 or
more years of credited service, or (2) has attained age 60
years and has 8 or more years of credited service, may
retire upon his written application filed with the Commission
setting forth at what time, not less than 30 days nor more
than 90 days subsequent to the execution and filing thereof,
he desires to be retired. Upon his retirement he shall
receive a retirement allowance provided in Section 23.
Effective12/31/85,any member who is represented by the
Oakland County Deputy Sheriff's Association or the Command
Officers Association (N.U.P.O.), who (1) has attained age 50
years and has 25 or more years of credited service within the
Sheriff's Department or (2) has attained age 60 years and has
8 or more years of credited service, may retire upon written
application as described above."
BE IT FURTHER RESOLVED that Section 25(a)(2) of the Oakland County
Retirement System Rules be amended to read as follows:
"A pension which when added to his annuity will provide a
retirement allowance equal to the number of years, and
fraction of a year, of his credited service multiplied by
1.8% of his final average compensation. Effective 1/1185,
any member who is represented by the Oakland County Deputy
Sheriff's Association or the Command Officers Association
(N.U.P.O.) shall have his credited service multiplied by
2.0% of his final average compensation. His pension provided
in this paragraph shall not exceed $1,800 a year or 3/4 of
his fiTial average compensation, whichever is greater."
BE IT FURTHER RESOLVED that Section 26(b) of the Oakland County
Retirement System Rules be amended to read as follows:
'Should any member with 25 or more years of credited service
leave the employ of the County prior to the date he has
satisfied the age and service requirements for retirement
provided in Section 22 for any reason except his disability
retirement or death, he shall be entitled to a retirement
allowance provided in Section 25 as the section was in effect
at the time he left County employment. His retirement al-
lowance shall begin as of the date his application for same
is filed with the Commission, but not prior to his attainment
of age 55 (age 50, effective 12/31/85 for members represented
by the Oakland County Deputy Sheriff's Association or the
Command Officers Association, N.U.P.O., who also have 25 or
more years of credited service within the Sheriff's Department)
provided that his application shall not be filed with the
Commission prior to 90 days preceding his attainment of age 55 years
(age 50, effective 12/31/85 for members represented by the Oakland
County Deputy Sheriff's Association or the Command Officers
Association, N.U.P.O., who also have 25 or more years of credited
service within the Sheriff's Department). In the event
he withdraws his accumulated contributions from the employees'
savings fund he shall thereupon forfeit his right to a deferred
retirement allowance provided in this section. In no case shall
he receive service credit for the period of his absence from the
County employment, except as provided in this resolution. Until
the beginning date of his retirement allowance, his accumulated
contributions standing to his credit in the employees' savings
fund shall be credited with regular interest."
Mt. Chairperson, on behalf of the Personnel Committee, I move the -
adoption of the foregoing resolution.
PERSONNEL COMMITTEE
1 BREW APPROVE TH7 r 11175-PESO1UTiON
btecutivo
13th this September l c' 84
7:777
day of
ALL
County Clerk/Register of Deeds
#84244 September 13, 1984
Moved by McDonald supported by Gosling the resolution be adopted.
AYES: Page, Perinoff, Pernick, Price, Rewold, Wilcox, Aaron, Calandro, Doyon,
Foley, Fortino, Gosling, Hobart, Jackson, R. Kuhn, S. Kuhn, Lanni, Law, McConnell,
McDonald, McPherson, Moffitt, Moore, Olsen. (24)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
STATE u MICHIGAN)
couNte 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
Resolution #84244 adopted by the Oakland County Board of Commissioners at their
meeting held on September 13, 1984
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