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BC 1986 11 17
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BC 1986 11 17
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Meeting Minutes
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Minutes
Meeting Minutes - Date
11/17/1986
Board
Board of Commissioners
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578 <br /> <br /> The Board of Commissioners for the County of Cabarrus met in regular <br />session in Courtroom 1 at the County Courthouse in Concord, North Carolina, on <br />Monday, November 17, 1986, at 7:00 P.M. <br /> Present - Chairman: James W. Lentz <br /> Commissioners: Kenneth F. Payne <br /> William G. Hamby, Jr. <br /> Archie Y. Barnhardt <br /> Marcelle M. Upright <br /> The invocation was given by Reverend Phillip L. Gipson of the Concord <br />Church of God. <br /> UPON MOTION of Commissioner Payne, seconded by Commissioner Upright and <br />unanimously carried, the minutes of November 3 and November 6, 1986, were <br />approved as written. <br /> Mr. Charles D. McGinnis, County Manager, reviewed his recommendation of <br />November 3, 1986, that the Law Enforcement Special Retirement Allowance be <br />extended under County policy to include all County employees. He reported <br />that he and Mr. Blair D. Bennett, Finance Director, had estimated that to <br />apply the program to all employees the County's level of contingent liability <br />would be $24,000.00 a year after the fourth year into the program. <br /> UPON MOTION of Commissioner Payne, seconded by Commissioner Hamby and <br />unanimously carried, the Board approved the Special Retirement Allowance for <br />all County employees' until such time the North Carolina General Assembly <br />should rescind their action. The Cabarrus County Personnel Ordinance was <br />amended as follows to include the provisions for the Special Retirement <br />Allowance. <br /> <br />Amend the Cabarrus County Personnel Ordinance to add the following at the end <br />of Section 3. Retirement Benefits of ARTICLE IX. EMPLOYEE BENEFITS. <br /> <br /> Every County employee who is a member of the North Carolina Local Govern- <br />mental Employees Retirement System shall receive, beginning on the last day of <br />the month in which the employee retires on a basic service retirement, an <br />annual separation allowance equal to 0.85 percent of the annual equivalent of <br />the employee's most recent base rate of compensation for each year of creditable <br />service. The allowance shall be paid in 12 equal installments on the last day <br />of each month. The calculation formula is Last Salary X 0.85 percent X Number <br />of Years of Creditable Service. To qualify for the allowance the local <br />government employee shall: <br /> <br />(1) <br /> <br />(2) <br />(3) <br /> <br />Have (a) completed 30 or more years of creditable service or, <br />(b) have attained 55 years of age and completed five or more years <br />of creditable service; and <br />Not have attained 62 years of age; and <br />Have completed at least five years of continuous service as herein <br />defined immediately preceding a service retirement. Any break in <br />the continuous service required by this subsection because of <br />disability retirement or disability salary continuation benefits <br />shall not adversely affect a qualification to receive the allowance, <br />provided the employee returns to service within 45 days after the <br />disability benefits cease and is otherwise qualified to receive the <br />allowance. <br /> <br />As used in this section, "creditable service" means the service for which <br />credit is allowed under the retirement system of which the employee is a <br />member. <br /> <br />The special separation allowance payments shall cease at the time the retired <br />employee reaches 62 years of age. Also, if a retired employee dies or is <br />reemployed in any capacity by a city, town, county or the state, payments <br />shall also cease. <br /> <br />This provision for the special separation allowance is effective January 1, <br />1987. <br /> <br /> Mr. Gary Logston, Chief of Airport Planning with Wilbur Smith and <br />Associates, presented information regarding the site selection process for the <br />proposed Cabarrus County Airport and answered questions from Board members <br />concerning this process. <br /> <br /> <br />
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