Finance & Audit
Committee Amendment
April 4, 2005
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE repealing sections 1503.13 and 1523, Jackson County Code, 1984, relating to the Pension Plan, and enacting, in lieu thereof, two new sections relating to the same subject.
Intro
ORDINANCE # 3617, March 21, 2005
INTRODUCED BY Henry C. Rizzo, Fred Arbanas, Bob Spence, Eugene Standifer, Jr.,
and Dennis Waits, County Legislators
Body
WHEREAS, the County's pension plan is in need of amendment to properly credit all county employees for service to the county which is not properly accounted for in the current plan; and,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, as follows:
Section A. Enacting Clause.
Sections 1503.13 and 1523., Jackson County Code, 1984, is hereby repealed, and two new sections enacted in lieu thereof, to be known as sections 1503.13, and 1523, to read as follows:
1503.13 Credited Service.
ยท
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) and (e) hereof, subject to the provisions of subsections (c) or (d) 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...
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