[R.O. 2013 §2-238; Ord. No. 1.49 (Bill No. 721), 10-20-1983; Ord. No. 1.85 (Bill No. 1416) §1, 3-17-1994; Ord. No. 1.116 (Bill No. 1794) §1, 12-2-1999; Ord. No. 1.143 (Bill No. 2075) §1, 12-2-2004]
A.
The City of Arnold, Missouri, is a "political subdivision", as defined
in Sections 70.600 through 70.760, RSMo., and 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 benefits program
L-6 (two percent (2%)) such employees of the following classes: Present
and future general employees (neither "Policemen" nor "Firemen" as
defined by Section 70.600, RSMo.).
B.
The Council of the City of Arnold hereby elects that one hundred
percent (100%) of prior employment be considered for prior service
credit in computing benefits and contributions to the system, and
to require no contributions from covered employees.
C.
The Director of Finance is hereby authorized and directed to deduct
from the wages and salaries of each employee member, the member contributions,
if any, required by Section 70.705, RSMo., and to promptly remit the
deductions to the retirement system, together with the employer contributions
required by Sections 70.705 and 70.730, RSMo. Contributions are to
be effective January 1, 1984.
D.
The City of Arnold, Missouri, an employer under the Missouri Local
Government Employees' Retirement System (LAGERS), hereby elects to
keep the benefit program of member employees as L-6 (two percent (2%)),
and to adopt a change in the member employees option of retirement
changing to the "80 and Out" option.
