Jackson County Logo Jackson County Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: 5185    Version: Name: Repealing 1516 related to Employees' Pension Plan
Type: Ordinance Status: Passed
File created: 11/21/2018 In control: Finance and Audit Committee
On agenda: 11/26/2018 Final action: 12/3/2018
Title: AN ORDINANCE repealing sections 1511. and 1516., Jackson County Code, 1984, relating to the Jackson County Employees' Pension Plan and enacting, in lieu thereof, two new sections relating to the same subject.
Sponsors: Dennis Waits, Garry J. Baker
Indexes: PENSION PLAN
Attachments: 1. 5185adopt.pdf
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
AN ORDINANCE repealing sections 1511. and 1516., Jackson County Code, 1984, relating to the Jackson County Employees' Pension Plan and enacting, in lieu thereof, two new sections relating to the same subject.


Intro
ORDINANCE NO. 5185, November 26, 2018

INTRODUCED BY Dennis Waits and Garry Baker, County Legislators


Body
WHEREAS, the Legislature has determined that it is in the best interests of the health, welfare and safety of the citizens of Jackson County that the Jackson County Employees Pension Plan be amended to provide that a rehired member of the Plan may return to active County service after reaching the normal retirement age of 65 without forfeiting his or her right to continue to receive his or her earned pension benefit; now therefore,

BE IT ORDAINED by the County Legislature of Jackson County, Missouri, as follows:

Section A. Enacting Clause. Sections 1511. and 1516., Jackson County Code, 1984, are hereby repealed and two new sections enacted in lieu thereof, to be known as sections 1511. and 1516., to read as follows:

1511. Pension Income, Basic Form.

The basic form of Monthly Pension Income (to which the formula indicated in section 1512 applies) shall be a monthly income commencing on the Member's Disability, Early, Normal or Late Retirement Date or the date specified in section 1530 and continuing for his lifetime thereafter, with sixty (60) payments guaranteed. The Member must certify at the time of the application for benefits that the Member has a present intent to retire and no intent to return to employment with the County as a full-time Employee. Prior to his Disability, Early, Normal or Late Retirement Date, or the date specified in section 1530, the Member may elect, in a written application provided by the Board of Trustees, Pension Plan Administration Committee, and subject to the Committee's approval, to receive his Monthly Pension Income in one of the altern...

Click here for full text