HomeMy WebLinkAboutResolutions - 1959.10.25 - 19183Misc. 3590
RESOLUTION
By: Mr. Fred W„ Smith
IN RE: AMENDMENTS TO OAKLAND COUNTY EMPLOYEES RETIREMENT PLAN
TO THE OAKLAND COUNTY BOARD OF SUPERVISORS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS, the present provisions of the County Retirement Plan do not include
the Circuit Court Judges of Oakland County, and
WHEREAS, the State Retirement System provides benefits only on that portion of
the salary of Circuit Judges paid by the State, and the proposed amendments hereto will
provide benefits only for that portion of salary paid by the County, and
WHEREAS, your Retirement Commission deems it only fair that these offici a ls
should acquire retirement benefits commensurate with the total salary paid for these
positions in the same manner as other County officials and employees receiving their
salaries solely from County funds provided no duplication of benefits result, and
WHEREAS, the Actuary has estimated the costs of such inclusion to be approximately
$4200 per year starting in the budget year 1'261, and
WHEREAS, the Ways and Means Committee and the Salaries Committee concur in
these recommendations.
NOW THEREFORE BE IT RESOLVED that the Supervisors Resolution establishing
the Oakland County Employees' Retirement Plan as amended be further amended as follows:
1. That section 2(r) be amended to read as follows:
"Employee" means any person, not excluded in section 16(b) hereof,
who is in the emky of the County and who receives from funds of the
County 40 per cent or more of a.: ru:nuneration received by him for
personal services rendered to all governmental units.
2. That section 16(b) be amended to read. as follows:
(ID) The membership of the Retirement System shall not include (1) employees
of the Board of County Road Commissioners, (2) any i:::,erson encjaiTed for
special services on a contract or fee basis, (3) the Medical Directx,
(4) the Actuary, and (5) any employee who is inc'iuded law as an active
or inactive member mf any other retirern.F:nt systt.wi, except the Federal .
social security survivors, and disaLiiity insurance program, by
reason of the remuneultien paid him by the County.
October 26,
FredW. Smith ' • Delos Hamlin
RETIREMENT COlvIMITTEE
Misc. 3590
3, That section 19 be amended to read as follows:
(a) The Retirement Commission shah fix and determine by appropriate
rules and regulations haw much service rendered by a member in any
fiscal year is ecuivalont to a year of service: Provided, That in no
case shah less than days of service rendered in any cahmdar month
be credited as a month of service; nor shall less than 10 months of service
rendered in any calendar year be credited as a year of service; nor shall
more than one year of service be credited for any member for all service
rendered by him in any calendar year.
(b) Any employee of the County who is not a member of the retirement
system and who subsequently becomes a member shall have the past
service rendered by him in the ein;sioy of the County credited to him:
Provided, That he pays into the employees savings fund an amount equal
to the amount his accumulated centrilautions would have been, as of the
date ha becomes a member, had he been a member from the date of his
entry in County employment or January 1, whichever dote is later.
Payment of his said accumulated contributions shall be due as af the date
his membership in the retirement system becomes effective and rear
interest shah be added to any unpaid balances from and after the said due
date. Payment of said accumulated contributions, together with reviler
interest from the date due to the date paid, shall be made in accarcarree
with such rules and regulations as the Retirement Commission shah adopt:
Provided, That no such member shall receive credit for any such past
service until he has paid into the employees savings fund all payments duo
the fund by him for such past service.
MR. CHAIRMAN, on behalf of the Retirement Committee, I move the adoption of
the foregoing resolution,
Moved by F. Smith supported by Quinlan the resoluti.on be adopted.
Allorton,
Cardon, Corey, Charteris,
3, W. Dunca2:1, Elliott, Ew
Hildobrad;:, Hill, Hoard,
JOIISOfl y Vpliart, Lahti,
MOnzie$, Clarence Miller,
Ransom, Remer, Rhinevault
Swanson, Taylor, Thatcher
Alward, Archambault, Bender, Bonner, Brickner, Calhoun,
cheyz, C lark, Croteau-, Cummings, Davis, Dicken:F
art, Fouts, Gillis, (7:00dlireed i Hall, Hamlin, 1.:lee.c(.:-•ch,
Hocking, •Rolmes, Hertaa, Fr:dr:Jen,
Lev Lewis, McCart.nu , McGovern, r SOY% Melchert
Cyril MI13 er, Mitchell, Oldenburg, 01.1ar, Osgood, Quinlan,
,chock, Sim:1 r, F. Smith, Solley, Etaman, Steven,
Ti ley , Tin ivan,Veil, oal,bber, (67)
: Clack, R, O'Bonoghue (3)
A sufficient majority having voted therefor, the resolution was adopted,