IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE repealing sections 1511., 1514., 1532., and 1533., Jackson County Code, 1984, enacting, in lieu thereof, four new sections, and amending section 1503.45, Jackson County Code, 1984, all relating to the Jackson County Employees Pension Plan.
Intro
ORDINANCE NO. 4813, January 19, 2016
INTRODUCED BY Dennis Waits, County Legislators
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WHEREAS, the Jackson County Pension Plan Board of Trustees and its special counsel have recommended several technical amendments to the Plan to bring the Plan into compliance with the Internal Revenue Code and current best practices relating to public sector pension plans; and,
WHEREAS, the recommended amendments are 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 County, Missouri, as follows:
Section A. Enacting Clause. Section 1503.45, Jackson County Code, 1984, is hereby amended, sections 1511., 1514., 1532., and 1533. of the Code are repealed, and new sections 1511., 1514., 1532., and 1533. of the Code are enacted, all to read as follows:
1503.45 Service.
The term "Service" shall mean the number of years for which a Member is given credit for the purpose of determining his eligibility for benefits under the Plan. As of any date, Service shall be equal to the sum of the years of employment calculated under subsection (a), subject to the provisions of subsections b and c of this section, if applicable.
a. The number of years and completed months of the Member's continuous employment for the Employer as an Employee from his date of hire as an Employee to the date of his termination of employment.
b. For the purposes of this Plan the following periods of employment shall be considered "continuous employment" but shall not be recognized as Service:
i. a break in the continuity of employment of not more th...
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