Jackson County Missouri - File #: 4740

• File #: 4740
• Version: 0
• Name: Employees' Pension Plan
• Type: Ordinance
• Status: Passed
• File created: 5/28/2015
• In control: Finance and Audit Committee
• On agenda: 6/1/2015
• Final action: 6/22/2015
• Title: AN ORDINANCE repealing section 1505., Jackson County Code, 1984, relating to the Employees' Pension Plan, and enacting, in lieu thereof, one new section relating to the same subject, with an effective date.
• Sponsors: Dennis Waits
• Indexes: JACKSON COUNTY CODE, PENSION PLAN
• Code sections: 1505 - Jackson County Code

Date	Ver.	Action By	Action	Result
6/22/2015	0	County Legislature	adopt	Pass
6/22/2015	0	County Legislature	Consent Agenda
6/15/2015	0	County Legislature	perfect	Pass
6/15/2015	0	County Legislature	Consent Agenda
6/15/2015	0	Finance and Audit Committee	recommend for perfection	Pass
6/9/2015	0	County Legislature	Go To 2nd Perfection	Pass
6/8/2015	0	Finance and Audit Committee	hold	Pass
6/2/2015	0	County Legislature	Go To 1st Perfection	Pass
6/1/2015	0	County Legislature	assign to committee

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
AN ORDINANCE repealing section 1505., Jackson County Code, 1984, relating to the Employees' Pension Plan, and enacting, in lieu thereof, one new section relating to the same subject, with an effective date.


Intro
ORDINANCE NO. 4740, June 1, 2015

INTRODUCED BY Dennis Waits, County Legislator


Body
WHEREAS, section 1505., Jackson County Code, 1984, currently requires some County Employees' Pension Plan Members to contribute four percent of their salaries to the Plan for so long as they are active Members of the Plan; and

WHEREAS, this is the case even though section 1512.3 of the code limits the number of years of credited service upon which these Members' monthly pension income can be based to sixteen years; and

WHEREAS, principles of fairness suggest that such Members who have accrued sixteen years of credited service should no longer be required to make pension contributions; and

WHEREAS, amending the Employees' Pension Plan to eliminate the requirement that affected Members who have accrued sixteen years of credited service in the Plan continue to make contributions into the Plan 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 County, Missouri, as follows:

Section A. Enacting Clause. Section 1505., Jackson County, 1984, is hereby repealed, and one new section enacted in lieu thereof, to be known as section 1505., to read as follows:



1505. Employee Contributions.
No employee contributions shall be required or permitted under this Plan, except as provided in sections 1505.1 and 1503.45.1. The participant contributions under the Prior Plan, together with the interest accumulated thereon, have been distributed to all the participants in the Prior Plan who were employed by the Employer as an Employee on December 31, 1976.

1505.1 Employee Co...