HomeMy WebLinkAboutResolutions - 1960.01.18 - 19226RESOLUTION
BY: Mr. Levinson
IN RE: TRANSFER OF RETIRANT RIGHTS -- HEALTH DEPARTMENT E
TO THE OAKLAND COUNTY BOARD OF SUPERVISORS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS, the County Department of Health, as a part of the overall County
Health Program, has taken over certain health functions formerly carried on by the City
of Ferndale, and
WHEREAS, both the County Retirement Commission and the City Commission of
the City of Ferndale are of the opinion that equity demands that the retirant rights of these
employees earned under the City Retirement System should in no wise be prejudiced by
such transfer; and
WHEREAS, the City of Ferndale has expressed its willingness to pay the accrued
liability for the employer share of such retirant rights and said employees have agreed to pay
the amount of their accumulated employee contributions together with accrued interest earned
into the funds of the Oakland County Employees' Retirement System to the end that the
accrued retirement rights of such employees would be at no cost to the County;
NOW THEREFORE BE IT RESOLVED that the Oakland County Employees' Retirement
Commission be and hereby is authorized, upon the payment of the sums above mentioned, to
accept such sums of money and to credit on the rolls of the County Retirement System the time
earned under the City of Ferndale Retirement System in the same manner and effect as if this
time were earned in County employment,
BE IT FURTHER RESOLVED that this resolution shall in no wise be construed as an
amendment to any provision or provisions of the resolution establishing Oakland County
Employees' Retirement System as amended.
ML CHAIRMAN, on behalf of the Oakland County Employees' Retirement Commission
and the Retirement Committee, I move the adoption of the foregoing resolution
RETIREMENT COMMITTEE
Delos Hamlin David Levinson
January 18, 1960
PLOYEES
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Moved by Levinson supported by OIrsono.zhile the resolutieri be adoptd.
A sufficient majority having voted therefor, the resolrijc