[CC 1992 §100.120; Ord. No. 417 §§1 — 4, 3-1-1987]
A.
The
City of Platte City is a "political subdivision" as defined in Section
70.600, RSMo., 1986, as amended.
B.
The
City of Platte City hereby elects to have covered by the Missouri
Local Government Employees' Retirement System all its eligible employees
with one thousand five hundred (1,500) or more hours of annual employment
and to cover under Benefit Program L-1 such employees of the following
classes: present and future general employees ("Policemen as defined
by Section 70.600, RSMo., 1986, as amended, shall not be included).
C.
The
City hereby elects that twenty-five percent (25%) of prior employment
be considered for prior service credit in computing benefits and contributions
to the system and to require four percent (4%) contributions from
covered employees.
D.
The
City further elects to have the "final average salary" of its employee
members determined over a sixty (60) consecutive month period.
[Ord. No. 1023 §§1 — 4, 7-14-1998; Ord. No. 1290 §1, 2-12-2003]
A.
To
adopt no change in the contributions from covered employees, keeping
the requirement of four percent (4%) of gross salary and wages as
contributions from covered employees in accordance with the provision
of Sections 70.705 and 70.730, RSMo., 1986, as amended by RSMo. 1988
Supp.
B.
To
adopt no changes in the method of determining a member employee's
final average salary, keeping a sixty (60) consecutive month period
for determining a member employee's final average salary in accordance
with Sections 70.600 and 70.656, RSMo., 1986, as amended by RSMo.
1988 Supp.
C.
To adopt a change in the Benefit Program of member employees, changing
to Benefit Program L-7 [(one and one-half percent (1.50%)].
[Ord. No. 1736 §1, 10-23-2012]
D.
To
adopt no change in the Benefit Program of member employees, keeping
member employees option of retirement upon attaining minimum service
retirement age.
[Ord. No. 1050 §§1 — 6, 11-25-1998; Ord. No. 1290 §1, 2-12-2003]
A.
All Police Department employees declared to be eligible who have
one thousand five hundred (1,500) or more hours of annual employment
shall be covered under Benefit Program L-7 [one and one-half percent
(1.50%)] of the Missouri Local Government Employees' Retirement
System.
[Ord. No. 1736 §2, 10-23-2012]
B.
"Final
average salary" for each employee shall be determined on the basis
of a sixty (60) consecutive month period.
C.
Twenty-five
percent (25%) of all prior qualified employment shall be considered
for prior service crediting computing employee benefits and contribution
to the system.
D.
Contributions
to the Missouri Local Government Employees' Retirement System shall
be required from all eligible employees.
E.
The
City Clerk is directed to deduct from the wages and salaries of each
eligible Police Department employee member the member contributions,
if any, required by Section 70.705, RSMo., and to remit the deduction
to the Retirement System, together with the employer contributions
required by Sections 70.705 and 70.750, RSMo.
F.
Employee
retirement benefits shall be based on eligibility "upon attaining
minimum service retirement age".
