Jackson County Missouri - File #: 5409

• File #: 5409
• Version: 0
• Name: Pension Plan Death beneficiary
• Type: Ordinance
• Status: Passed
• File created: 9/17/2020
• In control: Finance and Audit Committee
• On agenda: 9/21/2020
• Final action: 9/30/2020
• Title: AN ORDINANCE repealing subsection 1503.10 and sections 1525., 1532., and 1533., Jackson County Code,1984, relating to the County Employees' Pension Plan and enacting, in lieu thereof, one new subsection and three new sections relating to the same subject.
• Sponsors: Charlie Franklin
• Indexes: EMPLOYEES' PENSION PLAN, JACKSON COUNTY CODE

Date	Ver.	Action By	Action	Result
9/30/2020	0	County Legislature	adopt	Pass
9/30/2020	0	County Legislature	Consent Agenda
9/28/2020	0	County Legislature	perfect	Pass
9/28/2020	0	Finance and Audit Committee	recommend for perfection	Pass
9/28/2020	0	County Legislature	Consent Agenda
9/22/2020	0	County Legislature	Go To 1st Perfection	Pass
9/21/2020	0	County Legislature	assign to committee

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
AN ORDINANCE repealing subsection 1503.10 and sections 1525., 1532., and 1533., Jackson County Code,1984, relating to the County Employees' Pension Plan and enacting, in lieu thereof, one new subsection and three new sections relating to the same subject.


Intro
ORDINANCE NO. 5409, September 21, 2020

INTRODUCED BY Charlie Franklin, County Legislator


Body
WHEREAS, at its meeting of May 21, 2020, the Jackson County Employees' Pension Plan Board of Trustees recommended that the Plan be amended to allow for a beneficiary of a deceased plan member, other than a surviving spouse of domestic partner, to receive a death benefit; and,

WHEREAS, additionally, the Plan's special counsel has recommended certain technical revisions to the Plan to bring it into compliance with the U.S. SECURE Act, enacted by Congress in December 2019; and,

WHEREAS, the recommended revisions are 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.

Subsection 1503.10., amd sections 1525., 1532., and 1533., Jackson County Code, 1984, are hereby repealed, and one new subsection and three new sections enacted in lieu thereof, to be known as subsection 1503.10 and sections 1525., 1532., and 1533., to read as follows:

1503.10 Beneficiary.
The term "Beneficiary" shall mean any person or persons (or a trust) designated by a Member in such form and manner as the Board may prescribe to receive a Death Benefit, in the form specified in sections 1511.1, 1511.2, 1511.3, [or] 1511.4, 1532., or 1533., payable hereunder if such person or persons survive the Member. Any designation under sections 1511.1 [and], 1511.2., 1532., or 1533., may be revoked at any time in similar manner and form.

1525. Required Minimum Distributions.
1525.1 Postponement of Commencement of Benefit...