Jackson County Missouri - File #: 5129

• File #: 5129
• Version: 0
• Name: Repealing Pension Ordinance POST employees
• Type: Ordinance
• Status: withdrawn
• File created: 8/13/2018
• In control: Finance and Audit Committee
• On agenda: 8/13/2018
• Final action: 8/27/2018
• Title: AN ORDINANCE repealing subsections 1503.14 and 1503.24 and section 1512., Jackson County Code, 1984, relating to the Jackson County Employees' Pension Plan and enacting, in lieu thereof, two new subsections and one new section relating to the same subject.
• Sponsors: Dan Tarwater III, Dennis Waits

Date	Ver.	Action By	Action	Result
8/27/2018	0	County Legislature	withdrawn
8/27/2018	0	Finance and Audit Committee	hold	Pass
8/21/2018	0	County Legislature	Go To 2nd Perfection	Pass
8/20/2018	0	Finance and Audit Committee	hold	Pass
8/14/2018	0	County Legislature	Go To 1st Perfection	Pass
8/13/2018	0	County Legislature	assign to committee

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
AN ORDINANCE repealing subsections 1503.14 and 1503.24 and section 1512., Jackson County Code, 1984, relating to the Jackson County Employees' Pension Plan and enacting, in lieu thereof, two new subsections and one new section relating to the same subject.


Intro
ORDINANCE NO. 5129, August 13, 2018

INTRODUCED BY Dan Tarwater III and Dennis Waits, County Legislators

Body
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, as follows:

Section A. Enacting Clause. Subsections 1503.14 and 1503.24 and section 1512., Jackson County Code, 1984, are hereby repealed and two new subsections and one new section enacted in lieu thereof, to be known as sections 1503.14, 1503.24, and 1512., to read as follows:

1503. Pension Plan, Definitions.
As used herein, the following words and phrases shall have the meanings specified below, unless a different meaning is plainly required by the context:

1503.14 Credited Service.
The term "Credited Service" shall mean the number of years and months of employment for which a Member is given credit for the purpose of calculating his Monthly Retirement Income or Spouse Death Benefit under this Plan. As of any date, "Credited Service" shall be equal to the sum of the years and months calculated under subsections (a), (b) and (e) hereof, subject to the provisions of subsections (c) or (d) hereof, if applicable.

1503.14.1 For any period of employment prior to January 1, 1967, three- fourths (3/4) of the number of years and completed months of the Member's continuous employment for the Employer as an Employee from his last date of hire as an Employee to December 31, 1966.

1503.14.2 For any period of employment after December 31, 1966, the number of years and completed months of the Member's continuous employment for the Employer as an Employee from the later of (i) January 1, 1967, and (ii) his last date of hire as an Employee to the date of his ...