HomeMy WebLinkAbout2007-091 - Amendment of Ordinance 96-136BILL N0.2007-91
ORDINANCE N0.2007-91
AN ORDINANCE AMENDING ORDINANCE NO. 96-136 AS AMENDED BY
ORDINANCE NO. 2002-93 ELECTING CHANGES UNDER THE MISSOURI LOCAL
GOVERNMENT EMPLOYEES' RETIREMENT SYSTEM.
BE IT ORDAINED THAT THE MAYOR AND BOARD OF ALDERMEN OF THE CITY
OF RIVERSIDE, MISSOURI LOCAL GOVERNMENT EMPLOYEES RETIItEMENT
SYSTEM (LAGERS), HEREBY ELECTS THE FOLLOWING:
(A) 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 70.705 and 70.730 RSMo. (2004).
(B) To adopt no change in the method of determining a member's final average
salary, keeping a sixty consecutive month period for determining a member's
monthly salary in accordance with 70.600 and 70.656 RSMo. (2004).
(C) To adopt a change in the Benefit Program of covered employees, changing to
Benefit Program L-7 in accordance with 70.655 RSMo. (2004).
(D) To adopt no change in the Retirement Age Provision of covered employees,
keeping member employees option of retirement upon attaining minimum
service retirement age in accordance with 70.600, 70.645 and 70.646
RSMo. (2004).
The Clerk shall certify this election to the Missouri Local Government Employees'
Retirement System within ten (10) days hereof. Such election shall be effective on the first
day of September, 2007.
PASSED THIS 14TH DAY OF AUGUST, 2007.
Mayor Kathleen L. Rose
A
L se Rusick, City Clerk
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