[R.O. 2008 §140.010; Ord. No. 4882 §1, 5-14-1990; Ord. No. 6460 §1, 3-25-2002]
A.
The
City of Maryville is a "political subdivision" as defined in Sections
70.600 through 70.755 RSMo., and hereby elects to have covered by
the Missouri Local Government Employees Retirement System all its
eligible employees in the following classes:
B.
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 system.
C.
The
City of Maryville, Missouri, as an employer under the Missouri Local
Government Employees Retirement System, hereby elects the following:
1.
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 Section 70.705 and Section 70.730, RSMo.
2.
To adopt a change in the method of determining a member employee's
final average salary, changing to a thirty-six (36) consecutive-month
period for determining a member employee's final average salary in
accordance with Section 70.600 and Section 70.656, RSMo.
3.
To adopt a change in the Benefit Program of member employees, changing
to Benefit Program L-9.
4.
To adopt no change in the Benefit Program of member employees, keeping
member employees option of retirement upon attaining minimum service
retirement age.
[R.O. 2008 §140.020; Ord. No. 4882 §1, 5-14-1990]
The City Manager is hereby authorized and directed to deduct
from the wages and salaries of each employee member the member contributions
required by Section 70.705, RSMo., and to promptly remit the deductions
to the Retirement System, together with the employer contributions
required by Section 70.730, RSMo.
