[R.O. 2011 §100.270; Ord. No. 014-2007 §1, 9-10-2007]
A.
The
City of Cabool, Missouri, 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 provision of Sections 70.705 and 70.730, RSMo.
2.
To adopt no 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.
3.
To adopt a change in the Benefit Program of member employees, changing
to Benefit Program L-12 (1.75%) in accordance with Section 70.655,
RSMo.
4.
To adopt no change in the retirement age provision of covered employees,
keeping member employee's option of retirement upon attaining minimum
service retirement age in accordance with Sections 70.600, 70.645
and 70.646, RSMo.
