HomeMy WebLinkAbout2009-118 - Retirement systemsBILL N0.2009-118
ORDINANCE N0.2009-118
AN ORDINANCE AMENDING ORDINANCE NO. 96-136 AS AMENDED BY
ORDINANCE NO. 2002-93 AND ORDINANCE NO. 2007-91 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 RETIREMENT
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. (2008).
(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. (2008).
(C) To adopt a change in the Benefit Program of covered employees, changing to
Benefit Program L-6 in accordance with 70.655 RSMo. (2008).
(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. (2008).
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, 2009.
PASSED THIS 1st DAY OF SEPTEMBER, 2009.
A T 8 4g&~~
ise Rusick, C Clerk
llit~s~j~t-GCHQ./
Mayor Kathleen L. Rose
City of
2950 NW ~vion Road
Riverside, Missouri 64150
816-741-3993 or FAX 816-746-8349
www.riversidemo.cam
CITY OF RIVERSIDE, MISSOURI
CERTIFICATION
On this 1st day of September, 2009, I, Louise Rusick, City Clerk of the City of
Riverside, Missouri do hereby certify that the attached is a true and accurate copy of
Ordinance No. 2009-118 An Ordinance Amending Ordinance No. 96-136 As Amended
By Ordinance No. 2002-93 And Ordinance No. 2007-91 Electing Changes under the
Missouri Local Government Employees' Retirement System.
In WITNESS WHEREOF, I have hereunto set my hand and the official seal of the City
of Riverside, Missouri.
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CITY CLERK
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