It shall be the duty of all the officers of the City to report
annually to the Board of Aldermen, such reports to embrace a full
statement of the receipts and expenditures of their respective offices
and such other matters as may be required by the Board of Aldermen
by ordinance, resolution or otherwise.
The Mayor or Board of Aldermen shall have power, as often as
he/she or they may deem it necessary, to require any officer of the
City to exhibit his/her accounts or other papers or records and to
make report to the Board of Aldermen, in writing, touching any matter
relating to his/her office.
[Ord. No. 558, 12-12-2011; Ord. No. 560 §§1 —
6, 1-9-2012]
A.
The
Board of Aldermen of the City of Lincoln, a "political subdivision"
as defined in Sections 70.600 through 70.755, RSMo. (2000), 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
and Police Officers under Benefit Program L-1 as follows.
B.
The
Board of Aldermen of the City of Lincoln hereby elects that one hundred
percent (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 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 Lincoln hereby elects to have the
"final average salary" of its employee members determined over a sixty
(60) consecutive-month period.
D.
The
Mayor 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. (2000), and to promptly remit such
contributions to LAGERS, along with the employer contributions required
by Sections 70.705 and 70.830, RSMo. (2000), as amended. It is understood
there is no statutory provision for a participating political subdivision
to terminate its membership under LAGERS.
E.
The
City of Lincoln's participation as a LAGERS political subdivision
will commence on the first (1st) day of February, 2012.
