HomeMy WebLinkAboutResolutions - 2018.12.06 - 30908MISCELLANEOUS RESOLUTION #18418 December 6, 2018
BY: Commissioner Robert Hoffman, Chairperson, Human Resources Committee
IN RE: RETIREMENT AND DEFERRED COMPENSATION BOARD — AMENDING THE RETIREMENT
PLAN DOCUMENTS AND STATING THE COMPOSITION AND QUALIFICATIONS OF THE OAKLAND
COUNTY RETIREMENT AND DEFERRED COMPENSATION BOARD
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Employees Retirement System was established on January 1, 1946 under
the authority of Section 12a of Act No. 156, Public Acts of 1851 (M.C.L. §46.12a, M.S.A. 5-333(1), (as
amended, "Retirement System"); and
WHEREAS under the authority of Public Law 95-600 Revenue Act of 1978, Oakland County established a
Deferred Compensation Plan for eligible employees effective May 4, 1978 per MR*8898; and
WHEREAS the Board of Commissioners with the adoption of Miscellaneous Resolution *10079 on April
22, 2010, merged the boards of the Oakland County retirement programs; and
WHEREAS The Retirement System is governed by the Oakland County Retirement and Deferred
Compensation Board ("Retirement Board"); and
WHEREAS the Board of Commissioners is removing the composition of the board from the plan documents
and instead stating it through resolution; and
WHEREAS the plan documents will reference this resolution as the composition of the board; and
WHEREAS the Oakland County Board of Commissioners identifies the need to amend: Article 14, Section
14.2 of the Defined Contribution (DC) Plan; Section 41. of the Defined Benefit (DB) Plan; and Article II,
Section 2,5 of the Deferred Compensation 457b Plan.
NOW THEREFORE BE IT RESOLVED that the Board of Commissioners hereby authorizes an amendment
to Article 14, Section 14.2 of the Defined Contribution (DC) Plan; Section 41. of the Defined Benefit (DB)
Plan; and Article II, Section 2.5 of the Deferred Compensation 457b Plan to remove the composition of the
board from the plan documents and instead state it through resolution.
BE IT FURTHER RESOLVED the composition of the Retirement and Deferred Compensation Board
include the following members and qualifications:
(a) The chairperson of the Board of County Commissioners or designee by virtue of that office;
(b) The County Executive or designee by virtue of that office;
(c) The chairperson of the County Finance Committee or designee by virtue of that office;
(d) The County Treasurer or designee by virtue of that office;
(e) A citizen, who is an elector in Oakland County, who is not eligible for Membership in the
Retirement System or benefits under the Retirement System and who does not hold any other
office or appointment with the County, to be selected by the Board of County Commissioners
upon recommendation of the Retirement Board;
(f) Three employee members of the Retirement System who are not elected officials, to be elected
by employee Members of the Retirement System. The three members shall be from different
County departments;
(g) A retired Member of the Retirement System to be elected by the retired Members of the
Retirement System.
BE IT FURTHER RESOLVED that the Retirement Board shall establish rules and regulations for elections
required by subparagraphs (f) and (g) and shall establish by-laws for the efficient administration of the
board.
Chairperson, on behalf of the Human Resources Committee, 1 move the adoption of the foregoing
resolution.
Commissdrier RoVert HoffratWDistrict *2
Chairperson, Human Resources Committee
HUMAN RESOURCES COMMITTEE VOTE:
Motion carried unanimously on a roll call vote.
Resolution #18418 December 6, 2018
Moved by Kochenderfer supported by Bowman the resolutions (with fiscal notes attached) on the amended
Consent Agenda be adopted (with accompanying reports being accepted).
AYES: Crawford, Gershenson, Gingell, Hoffman, Jackson, Kochenderfer, Kowa11, McGillivray,
Middleton, Quarles, Spisz, Taub, Tietz, Weipert, Woodward, Zack, Berman, Bowman. (18)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the amended
Consent Agenda were adopted (with accompanying reports being accepted).
HEAEBY APPROVE '1140LUTION
CHIEF DEPUTY COUNTY EXECUTIVE
ACTING PURSUANT TO MCL 45.559A (7)
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and
accurate copy of a resolution adopted by the Oakland County Board of Commissioners on December 6,
2018, with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oakland at
Pontiac, Michigan this 6th day of December, 2018.
Hfreee,
Lisa Brown, Oakland County