File #: 5623    Version: 0 Name: Employee pension plan
Type: Ordinance Status: Passed
File created: 5/3/2022 In control: Health and Environment Committee
On agenda: 5/10/2022 Final action: 5/23/2022
Title: AN ORDINANCE amending subsection 1503.14, Jackson County Code, 1984, relating to the Employees' Pension Plan.
Sponsors: Crystal Williams
Indexes: AMENDING, JACKSON COUNTY CODE, PENSION PLAN
Attachments: 1. 5623adopted.pdf
Related files: 3617
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
AN ORDINANCE amending subsection 1503.14, Jackson County Code, 1984, relating to the Employees' Pension Plan.

Intro
ORDINANCE NO. 5623, May 10, 2022

INTRODUCED BY Crystal Williams, County Legislator


Body
WHEREAS, on April 4, 2005, the Legislature adopted Ordinance 3617 relating to the Employee's Pension Plan ("the Plan") for the purpose of bridging Credited Service for employees who had Breaks in Continuity of Employment prior to October 1, 2004; and

WHEREAS, the Plan's Board of Trustees believes that Ordinance 3617, as written, is susceptible to a misinterpretation whereunder certain employees employed as of October 1, 2004, would be exempt from the effects of Breaks in Continuity of Employment that occur after October 1, 2004; and

WHEREAS, the Plan Board of Trustees recommends a revision to the Plan to clarify the intent of Ordinance 3617; and

WHEREAS, the proposed revision is in the best interest 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 1503.14 of the Jackson County Code, 1984, is hereby amended to read as follows:

1503.14 Credited Service.
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), (b) and (e) hereof, subject to the provisions of subsections (c) or (d) hereof, if applicable.

1503.14.1 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....

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