BC 1986 11 17 - Laserfiche WebLink

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