Jackson County Missouri - File #: 3788

• File #: 3788
• Version: 1
• Name: Enacting section 1542., Jackson County Code, 1984
• Type: Ordinance
• Status: Passed
• File created: 7/10/2006
• In control: Legislature As A Whole
• On agenda: 7/10/2006
• Final action: 7/31/2006
• Title: AN ORDINANCE enacting a new section 1524., Jackson County Code, 1984, relating to the mandatory distributions from the Employees' Pension Plan.
• Sponsors: Scott Burnett
• Indexes: JACKSON COUNTY CODE, PENSION PLAN

Date	Ver.	Action By	Action	Result
7/31/2006	0	County Legislature	Consent Agenda
7/31/2006	1	County Legislature	perfect	Pass
7/31/2006	1	County Legislature	suspend the rules to consider final passage	Pass
7/31/2006	1	County Legislature	Consent Agenda	Pass
7/31/2006	1	County Legislature	adopt	Pass
7/28/2006	0	County Legislature	Go To 3rd Perfection	Pass
7/17/2006	0	County Legislature	hold	Pass
7/14/2006	0	County Legislature	Go To 1st Perfection	Pass
7/10/2006	0	County Legislature	assign to committee

Legislature As A Whole
Substitute
July 24, 2006


IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
AN ORDINANCE enacting a new section 1524., Jackson County Code, 1984, relating to the mandatory distributions from the Employees' Pension Plan.


Intro
ORDINANCE # 3788, July 10, 2006

INTRODUCED BY Scott Burnett, County Legislator


Body
WHEREAS, the County's retained special counsel who advises on the Employees' Pension Plan has recommended certain technical amendments to the Plan; and,

WHEREAS, these amendments are in the best interests of the health, welfare, and safety of the citizens of the County; now therefore,

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

Section A. Enacting Clause. Section 1524., Jackson County Code, 1984, is hereby enacted to read as follows:

1524. Mandatory Distributions.
Effective January 1, 2006, in the event of a mandatory distribution greater than $1,000 is made in accordance with the provisions of the Plan providing for an automatic distribution to a Member without the Member's consent, if the Member does not elect to have such distribution paid directly to an Eligible Retirement Plan specified by the Member in a direct rollover (in accordance with the direct rollover provisions of the Plan) or to receive the distribution directly, then the Trustee shall pay the distribution in a direct rollover to an individual retirement plan designated by the Trustee.





Enacted and Approved
Effective Date: This ordinance shall be effective immediately upon its signature by the County Executive.


APPROVED AS TO FORM:

_________________________ _______________________________
Chief Deputy County Counselor County Counselor

I hereby certify that the attached Ordinance, Ordinance # 3788 of July 10, 2006 was duly passed on _________________________, 2006 b...