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 ...

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