Oak Park City Charter Amendments, 2 (August 2012)

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Two Oak Park City Charter Amendments measure will be on the August 7, 2012 ballot in the city of Oak Park, which is in Oakland County.

The first measure seeks to amend the city charter so that public safety officials would have a separate retirement system than the other city employees.

The second measure seeks to amend the city charter so that a new retirement system just for public safety officials would be created along with a board of supervisors.[1]

Text of measure

The question on the ballot:

Amendment 1: Shall Chapter 18 of the Charter of the City of Oak Park be amended so that public safety officers are excluded from the retirement system established by the City Charter, effective with the 2013-2014 fiscal year, and instead become members of a separate retirement system under 1937 PA 345, as amended, and that accumulated contributions to the current employees’ retirement system made by or on behalf of such officers be transferred to the Act 345 retirement system? This charter amendment shall not be effective unless the electors approve the establishment of a separate retirement system under said Act 345.

Amendment 2: Shall the City of Oak Park, Oakland County, Michigan, be authorized to establish a separate retirement system pursuant to Act 345 of 1937, as amended, for public safety officers employed by the City, to create a board of trustees to manage and operate the system, and to levy taxes annually in amounts sufficient to fund the system in an actuarially sound manner in accordance with said Act 345, all contingent upon the approval by the electors of a City Charter amendment authorizing the transfer of public safety officers from the current employees’ retirement system to the new retirement system created under Act 345?[2]

References

  1. Oakland County Clerk, August Election Information
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.