File #: 2748    Version: 0 Name: JaCo Restated Pension Plan
Type: Ordinance Status: Passed
File created: 10/27/1997 In control: Clerk of the County Legislature
On agenda: Final action: 10/27/1997
Title: AN ORDINANCE amending §1503., Jackson County Code, 1984, relating to the Jackson County Employees' Restated Pension Plan, by changing the definition of "credited service," contained in §1503.13.
Sponsors: Dennis Waits
Indexes: JACKSON COUNTY CODE
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI Title AN ORDINANCE amending §1503., Jackson County Code, 1984, relating to the Jackson County Employees' Restated Pension Plan, by changing the definition of "credited service," contained in §1503.13. Intro ORDINANCE #2748, October 27, 1997 INTRODUCED BY Dennis Waits, County Legislator Body BE IT ORDAINED by the County Legislature of Jackson County, Missouri as follows: Section A. Enacting Clause. Sections 1503.13, Jackson County Code, 1984, is hereby amended as follows: 1503. 13 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) and (b) hereof, subject to the provisions of subsection (c) hereof, if applicable. 1503.13 (a) 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. 1503.13 (b) 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 termination of employment. 1503.13 (c) For the purposes of this Plan the following periods of employment shall be considered "continuous employment" but shall not be recognized as Credited Service: (I) a break in continuity of employment of not more than two (2) years; provided the Employee returns to work for at least twelve (12) months; (ii) any period of employment during which the Employee was not compensated by the Employer, except that any such period during which an employee was absent on approved leave without Compensation while serving on active military duty in the Persian Gulf in Operation Desert Storm shall be recognized as Credited Service; (iii) any period of employment excluded pursuant to section 1506 hereof; (iv) any period of employment prior to January 1, 1977, during which the Employee was eligible to participate in the Prior Plan but refused to make the Employee contributions required thereunder; (v) a break in the continuity of employment prior to April 1, 1967, of more than two (2) years; provided: (A) the Employee was employed by the Employer as an Employee on April 1, 1967; and (B) the Employee completes twenty-five (25) years of employment as an Employee by his Normal Retirement Date (including for this purpose any break in the continuity of employment occurring prior to April 1, 1967). (vi) a break in the continuity of employment of more than two (2) years; provided: (A) the reemployed Employee terminated Vested in the plan, or is a Retired Member of the Plan, or had completed fifteen (15) years of service during his prior employment; and, (B) the Employee accrues sufficient Service during his period of reemployment to become Vested in the Plan. 1503.13 (d) Notwithstanding any other provision contained in this section, no Member shall receive credit for any period of employment by the Jackson County Law Library, Inc., prior to January 1, 1993. Attorney Effective Date: This ordinance shall be effective immediately upon its signature by the County Executive. APPROVED AS TO FORM: ___________________________ _______________________________ County Counselor I hereby certify that the attached Ordinance, Ordinance #2748 introduced on October 27, 1997 was duly passed on _________October 27______________, 1997 by the Jackson County Legislature. The votes thereon were as follows: Yeas ______9_________ Nays _______0______ Abstaining _____0______ Absent _____0_______ This Ordinance is hereby transmitted to the County Executive for her signature. ____________________ ________________________________ Date Mary Jo Brogoto, Clerk of Legislature I hereby approve the attached Ordinance #2748. _________________ ________________________________ Date Katheryn J. Shields, County Executive