[CC 1997 §§2-66 — 2-67; Ord.
No. 158 §1, 6-19-1954]
A.
Contributions By City. Commencing on the first (1st) day
of the month following the date of the approval of the plan and agreement
of this City by the State agency, there is hereby authorized to be
appropriated from the General Fund of the City and there is and shall
be appropriated the sum of money necessary to pay the contributions
of the City which shall be due and payable by virtue of the extension
of the benefits of the Federal Old-Age and Survivors Insurance System
to the eligible employees and officials of the City. Such sum of money
shall be paid into the Contributions Fund created by Sections 105.300
to 105.440, RSMo.; provided that in making the first (1st) payment
to the Contributions Fund after the benefits of the system have been
extended to such employees and officials, the first (1st) payment
shall include a sum equal to the amount which would have been due
and payable had the extension of benefits been provided and effective
on January 1, 1951. The fund from which the appropriation is made
will, at all times, be sufficient to pay the contributions of the
City directed to be paid to the Contributions Fund.
B.
Administration Of Plan. The City, from and after the approval
of the plan and agreement of this City by the State agency, shall
fully comply with and shall keep such records, make such reports and
provide such methods of administration of the plan and agreement as
may be required by all applicable State and Federal laws, rules and
regulations now and hereafter in effect with respect to the extension
of the benefits of the Federal Old-Age and Survivors Insurance System
to the employees and officials of this City. For the purpose of administering
the plan and agreement, the City Clerk shall be the official who shall
make all required reports, keep all records and be responsible for
the administration of the plan and agreement on behalf of this City
and any and all notices and communications from the State agency to
this City with respect to the plan and agreement shall be addressed
to 1007 Oakland Avenue, St. Louis, Missouri 63122.
[CC 1997 §§2-63 — 2-65; Ord.
No. 158 §1, 6-19-1954]
A.
Extended To Eligible Officers And Employees. It is hereby
declared to be the policy and purpose of the City to extend, at the
earliest date, to all eligible employees and officials of the City
who are not excluded by law or by this Article and whether employed
in connection with a governmental or proprietary function of the City,
the benefits of the system of Federal Old-Age and Survivors Insurance
as authorized by the Social Security Act Amendments of 1950 and by
Sections 105.300 to 105.440, RSMo.
B.
Plan And Agreement. The Mayor and City Clerk are hereby
authorized and directed, on behalf of this City, to prepare, execute
and submit to the Division of Budget and Comptroller of the State,
as State agency, a plan and agreement for extending the benefits to
eligible employees and officials of the City in the form prepared
by the State agency and hereby approved and adopted by the Board of
Aldermen, which plan and agreement are to become effective upon approval
thereof by the State agency and are further authorized and directed
to execute agreements and modifications and amendments thereof with
the State agency providing for the extension of the benefits to employees
and officials as set forth in the plan and agreement as provided for
in this Article. Such plan and agreement shall provide that the extension
of benefits is to be effective on January 1, 1951.
C.
Deductions From Wages. Commencing on the first (1st) day
of the month following the date of the approval of the plan and agreement
of this City by the State agency, there shall be deducted from the
wages of all employees and officials of the City to whom the benefits
of the system of Federal Old-Age and Survivors Insurance are extended,
by virtue of the plan and agreement provided for in this Article,
the amount of each of the employees' and officials' contributions,
as determined by the applicable State and Federal laws and by the
plan and agreement, the aggregate amount of the deductions to be paid
into the Contributions Fund created by Sections 105.300 to 105.440,
RSMo.; provided that from the first (1st) payment of wages made to
each of the employees and officials after the benefits of the system
have been extended to such employees and officials, there shall be
deducted a sum equal to the amount which would have been due and payable
from each of the employees and officials had the extension of benefits
been provided and effective on January 1, 1951.
[Ord. No. 666, 3-8-2004]
A.
The
Board of Aldermen of the City of Oakland, a political subdivision,
as defined in Sections 70.600 through 70.755, RSMo., as amended hereby
elects to become a participating political subdivision of the Missouri
Local Government Employees Retirement System, and to thereby provide
retirement benefits to all its eligible general employees under Benefit
Program LT-8 (65) (1.50% life allowance, plus .50% temporary allowance
to age 65).
B.
The
Board of Aldermen of the City of Oakland hereby elects that 100% of
prior employment be considered for "prior service credit" in calculating
benefits and contributions to LAGERS, and further elects that employees
eligible to become members of LAGERS are those employees employed
in positions normally requiring one thousand five hundred (1,500)
hours of work a year, provided such employees are not members of another
governmental retirement plan, or are otherwise excluded from membership
in LAGERS by State law.
C.
The
Board of Aldermen of the City of Oakland hereby elects to have the
"final average salary" of its employee members determined over a sixty
(60) consecutive-month period.
D.
The
Board of Aldermen of the City of Oakland hereby elects to require
employees who become members of LAGERS to pay no employee contributions
to LAGERS.
E.
The
Board of Aldermen of the City of Oakland hereby elects to have regular
retirement age for all eligible employees.
F.
The
Mayor of the City of Oakland, State of Missouri is hereby authorized
and directed to deduct from the wages or salaries of each employee
member, the employee contributions, if any, required by Section 70.705,
RSMo., and to promptly remit such contributions to LAGERS, along with
the employer contributions required by Sections 70.705 and 70.730,
RSMo., as amended.
[1]
Note — The City of Oakland's participation as a LAGERS
political subdivision will commence on November 1, 2003.
