File #: 19385    Version: 0 Name: Pension Plan Board of Trustees actuarial statement
Type: Resolution Status: Passed
File created: 2/2/2017 In control: County Legislature
On agenda: 2/6/2017 Final action: 2/6/2017
Title: A RESOLUTION requesting the Pension Plan Board of Trustees to commission an actuarial statement of the costs of implementing a proposal to increase the Pension Plan benefits of certain associates within the Sheriff's Office.
Sponsors: Dan Tarwater III
Indexes: PENSION PLAN BOARD OF TRUSTEES, SHERIFF'S DEPARTMENT
Code sections: 1541 - Jackson County Code, 1984
Attachments: 1. 19385adopt
Related files: 19447
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
A RESOLUTION requesting the Pension Plan Board of Trustees to commission an actuarial statement of the costs of implementing a proposal to increase the Pension Plan benefits of certain associates within the Sheriff's Office.


Intro
RESOLUTION NO. 19385, February 6, 2017

INTRODUCED BY Dan Tarwater III, County Legislator


Body
WHEREAS, the Legislature has become aware of a proposal by the Fraternal Order of Police, West Central Missouri Regional Lodge 50, which is the labor organization representing sworn deputy sheriffs and sergeants within the Sheriff's Office, to increase the benefits of members of its bargaining unit under the Jackson County Employees' Pension Plan, as is more fully set out in the document attached hereto as "Exhibit A"; and,

WHEREAS, section 105.665 of the Revision Statutes of Missouri requires that, before the Legislature can take any final action on such a change in plan benefits, the Legislature must cause to be prepared a statement regarding the cost of such change, meeting the requirements of the statute; and,

WHEREAS, the Pension Plan Board of Trustees is charged by section 1541. Jackson County Code, 1984, with the overall governance of the Pension Plan and, under the authority of that same section, may engage an actuary or other experts, advisors, and consultants to provide technical advice regarding the Plan; and,

WHEREAS, the Legislature finds it to be in the best interests of the health, safety, and welfare of the citizens of Jackson County for the Pension Plan Board of Trustees to commission an actuarial statement of the costs of implementing the Fraternal Order of Police's proposed increase in Plan benefits; now therefore,

BE IT RESOLVED that the Pension Plan Board of Trustees be and hereby is requested to commission an actuarial statement of the costs of implementing the Fraternal Order of Police's proposed increase in Plan benefits, meeting the requirements...

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