[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., and hereby elects to have covered by the Missouri Local
Government Employees Retirement System all its eligible employees
in the following classes:
1.
No present and future firemen.
2.
Present and future general employees.
3.
Present and future policemen.
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:
1.
To adopt no change in the contributions from covered employees,
keeping the requirement of no contributions from covered employees
in accordance with the provisions of Sections 70.705 and 70.730, RSMo.
(2004).
2.
To adopt no change in the method of determining a member's final
average salary, keeping a sixty (60) consecutive month period for
determining a member's monthly salary in accordance with Sections
70.600 and 70.656, RSMo. (2004).
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).