[CC 2012 § 25.010; Ord. No. 134; Ord. No. 552, 12-16-2013 ]
A.
That the City of Sweet Springs, Missouri, a Municipal Corporation of the Fourth Class, is a "political subdivision" as defined in Sections 70.600 through 70.760, RSMo., [1] and hereby elects to have covered by the Missouri Local Government Employees Retirement System all its eligible employees in the following classes:
B.
The Board of Aldermen of City of Sweet Springs, an employer under the Missouri Local Government Employees Retirement System (LAGERS), hereby elects the following:
3.
To adopt a change in the Benefit Program of covered employees, changing to Benefit Program L-3 (1.25%) in accordance with Section 70.655, RSMo. (2004).
4.
To adopt no change in the Retirement Age Provision of covered employees, keeping member employees option of retirement under the 80 and Out option in accordance with 70.600, 70.645 and 70.646 RSMo. (2004).