HomeMy WebLinkAboutResolutions - 1968.07.18 - 18918Delos Hamlin
Miscellaneous Resolution 4906
BY: Mr. Levinson
IN RE: AMENDMENT TO OAKLAND COUNTY EMPLOYEES RETIREMENT PLAN -
"DUTY DEATH BENEFITS"
TO THE OAKLAND COUNTY BOARD OF SUPERVISORS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS this Board on November 10, 1967 by Miscellaneous Resolution 4790
amended the Oakland County Employees' Retirement Plan in certain respects including
revision of Section 34 entitled "Duty Death Benefits;" and
WHEREAS the State County Pension Committee, whose approval is necessary
before such amendments can be effective, has indicated that in order to secure such
approval it will be necessary to further amend Section 34 to provide for certain ceiling
limitations set out in State Law;
NOW THEREFORE BE IT RESOLVED that Section 34 as previously amended by
Miscellaneous Resolution 4790 be further amended to-wit:
1. That the words "and subject to paragraph (e)" be added after the words
"member or retirant" at the end of the first sentence of Section 34.
2, That a new subsection (e) be added to read as follows:
"(e) In no case shall the sum of the annual benefits provided in
paragraphs (b), (c) and (d) of this section exceed the greater
of (i) $2,400; and (ii) 2% of the deceased member's average
final compensation multiplied by his credited service not to
exceed 25 years.
MR. CHAIRMAN, on behalf of the Retirement Committee, I move the adoption
of the foregoing resolution.
July 18, 1968
RETIREMENT COMMITTEE
,
David Levinson
#4906
Moved by Levinson supported by O'Donoghue the resolution
be adopted.
A sufficient majority having voted therefor, the resolution
was adopted.