[R.O. 2012 §110.070; CC 1992 §2-24; Ord. No. 1444 §1, 12-3-1973]
A.
The
City, a political subdivision as defined in Section 70.600(19), RSMo.,
hereby elects to have covered by the Missouri Local Government Employees
Retirement System all its eligible employees in the following classes:
[R.O. 2012 §110.080; CC 1992 §2-25; Ord. No. 1444 §2, 12-3-1973]
The City hereby elects that one hundred percent (100%) of prior
employment be considered for prior service credit in computing benefits
and contributions to the local government employees retirement system.
[R.O. 2012 §110.090; CC 1992 §2-26; Ord. No. 1444 §3, 12-3-1973; Ord. No. 1665 §1, 7-23-1984; Ord. No. 1828 §1(1), 6-13-1988; Ord. No. 2000 §1, 7-8-1991; Ord.
No. 2259 §1, 1-8-1996; Ord. No. 2653 §1, 7-9-2001]
The City elects to adopt no change in the contributions from
covered employees, keeping the requirement of no contributions from
covered employees in accordance with the provisions of Sections 70.705
and 70.730, RSMo., as amended by RSMo., 1998 Supp.
[R.O. 2012 §110.100; CC 1992 §2-26.1; Ord. No. 1828 §1(2), 6-13-1988; Ord. No. 2000 §2, 7-8-1991; Ord. No. 2259 §2, 1-8-1996; Ord. No. 2653 §2, 7-9-2001]
The City elects to adopt a change in the method of determining
a member employee's final average salary, keeping a thirty-six (36)
consecutive-month period for determining a member employee's final
average salary in accordance with Sections 70.600 and 70.656, RSMo.,
as amended by RSMo., 1998 Supp.
[R.O. 2012 §110.110; CC 1992 §2-26.2; Ord. No. 1828 §1(3), 6-13-1988; Ord. No. 2000 §3, 7-8-1991; Ord. No. 2259 §3, 1-8-1996; Ord. No. 2653 §3, 7-9-2001]
The City elects to adopt a change in the benefit program of
member employees, changing to benefit program L-6 (2.00%).
[R.O. 2012 §110.115; Ord. No. 2653 §4, 7-9-2001]
The City elects to adopt no change in the benefit program of
member employees, keeping member employees option of retirement, upon
attaining minimum service retirement age.
