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HomeMy WebLinkAboutMINUTES - 12201994 - 1.89 CKq THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 20, 1994 , by the following vote: AYES: Supervisors Smith, Bishop, DeSaulnier, Torlakson, Powers NOES: None ABSENT: None ABSTAIN: None SUBJECT: Early Retirement RESOLUTION NO. 94/628 The Board of Supervisors of Contra Costa County RESOLVES THAT: I. By Ordinance 76-63 the Board of Supervisors has adopted the Provisions of Government Code Section 31641.04, permitting early retirement service credit. II. Because of an impending change in the manner of performing certain services in the County Administrators Office/Data Processing Services, and in order to achieve savings in money and other economic benefits for the county, the best interests of Contra Costa County will be served by permitting additional service credit for certain members of the Contra Costa County Employee's Retirement Association (members) as follows: a. The provisions of this resolution are applicable to all members employed in the County Administrators/Data Processing Services in the job classification of Director of Data Processing Services. b. Every eligible member who retires between February 1, 1995 and March 3, 1995 shall receive two additional years of service credit for Contra Costa County service. .c. Upon demand by the Retirement Association, the County Auditor shall transmit to the Retirement Fund the amount(s) determined by the Retirement Board to be the actuarial equivalent(s) of the difference(s) between the allowance(s)the eligible member(s)receive(s)after getting the additional service credit hereunder and the allowance(s) he/they would have received without such credit. d. On later re-entry into County employment under circumstances otherwise requiring or permitting membership in the retirement system,any member who has received additional service credit hereunder shall forfeit such additional service credit, and the County's payments hereunder shall be refunded, unless the re-entry is the result of a temporary call-back limited to the maximum hours of service in any one calendar or fiscal year as provided by State law. e. Provided, nevertheless, that the provisions of this resolution are not applicable; 1. To any member otherwise eligible if such member received any unemployment insurance payment within six months prior to March 3, 1995. 2. To any member if the member is not eligible to retire without additional service credit under this resolution. Adopted this Resolution on December 20,1994 by unanimous vote. I hereby certify that this is a true and correct copy of an action taken and entered on minutes of the Board of Supervisors on the date shown. Attested: December 20, 1994 Phil Batchelor, Clerk of the Board of Supervisors and County Admi istrator By: Deputy G cc: Personnel to Distribute RESOLUTION NO. 94/628