IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE repealing sections 1542. Jackson County Code, 1984, relating to the Employees' Pension Plan, and enacting, in lieu thereof, one new section relating to the same subject.
Intro
ORDINANCE #4261, October 25, 2010
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, in 2008-2009, a Blue Ribbon Panel appointed by the County Executive met to consider and formulate recommendations to the Legislature for improvements to the operations of the Jackson County Employees' Pension Plan; and,
WHEREAS, after numerous meetings over several months, the panel made its recommendations to the Legislature, which were introduced before the Legislature on February 2, 2009, as Ordinance 4083; and,
WHEREAS, one of the recommendations made by the panel was that the pension plan's Board of Trustees submit an annual budget to the Legislature for the board's administrative expenses, including professional and consultants' fees and expenses, in an annual amount not to exceed .25% of the fund's assets; and,
WHEREAS, unfortunately, when the panel's recommendations were incorporated into draft Ordinance 4083, in the process in converting the document from one software format to another, ".25%" was inadvertently changed to ".0025%"; and,
WHEREAS, this error was not noticed when Ordinance 4083 was prepared in final form and the error remained in the version finally adopted and still appears in section 1541.7 of the County Code; and,
WHEREAS, the administration recommends that this error be corrected by amending the code section to specify the budget limit recommended by the Blue Ribbon Panel, which is the amount necessary to allow the Board of Trustees to perform its functions; and,
WHEREAS, the requested amendment is in the best interests of the health, welfare, and safety of the citizens of Jackson County; now therefore,
BE IT ORDAINED by the County Legislature of Jackson...
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