Macomb County definition

Macomb County means the County of Macomb, Michigan.
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Macomb County means the County of Macomb, Michigan. 234240. "Mayor" means the duly-elected mayor of the City. 235241. "MFA" means the Michigan Finance Authority. 236242. "Municipal Obligation" means the local government municipal obligation to be
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Examples of Macomb County in a sentence

  • The Macomb County Employees Retirement System is a defined benefit plan.

  • The annuity withdrawal amount (accumulated contributions) will be disbursed from the Macomb County Employees Retirement System at the time of DROP election.

  • DROP participants accrue no service time credit for retirement purposes pursuant to the Macomb County Employees Retirement System.

  • The reduced retirement allowance payable during the joint lifetime of the retirant and his/her beneficiary together with the retirement allowance payable to one upon the death of the other will be actuarially equivalent to the retirement allowance provided by Section 22 of the Macomb County Employees' Retirement Ordinance as a single life annuity.

  • At the time an employee elects to participate in the DROP, he/she shall no longer be eligible to vote in any retirement elections nor shall said person be eligible to hold office pursuant to Section 4(e) of the Macomb County Employees Retirement Ordinance as an elected employee member.

  • An employee who wishes to participate in the DROP shall complete and sign such application form or forms as shall be required by the Macomb County Board of Commissioners.

  • DROP interest for each employee who participates in the DROP shall be at a fixed rate of 3.5% per annum, calculated in the same manner as the interest in the employee savings accounts in the Macomb County Employees Retirement System.

  • On the date upon which the member’s participation in the DROP shall be effective, he/she shall be considered to be a DROP participant and shall cease to be an active member of the Macomb County Employees Retirement System.

  • Such annuity withdrawal will be utilized to compute the actuarial reduction of the member’s DROP benefit, as well as the member’s monthly retirement benefit from the Macomb County Employees Retirement System, after termination of employment.

  • The employee’s DROP benefit will be credited monthly to the individual employee’s DROP account, which will be established within the defined benefit plan of the Macomb County Employees Retirement System.

Related to Macomb County

  • County means the county of Los Angeles or any public entities for which the board of supervisors is the governing body. (Ord. 2002-0040 § 1, 2002: Ord. 2002-0015 § 1 (part), 2002)

  • Parish means the ecclesiastical parish in which the Academy is situated or one which it serves;

  • County highway means a public road that is constructed and

  • Rural county means a county of the third, fourth, fifth, or sixth class.

  • County juvenile agency means that term as defined in section 2 of the county juvenile agency act, 1998 PA 518, MCL 45.622.