[Ord. No. 1050 §§1 — 2, 4-21-2003; Ord. No. 1119, 5-21-2007]
A. 
The Board of Aldermen of the City of Vinita Park, an employer under the Missouri Local Government Employees Retirement System (LAGERS), hereby elects the following:
1. 
To adopt a change in the contributions from covered employees, changing to the requirement of four percent (4%) of gross salary and wages as contributions from covered employees in accordance with the provisions of Sections 70.705 and 70.730, RSMo., 2004.
2. 
To adopt a change in the method of determining a member's final average salary, changing to a thirty-six (36) consecutive month period for determining a member's monthly salary in accordance with the provisions of Sections 70.705 and 70.730, RSMo., 2004.
3. 
To adopt a change in the Benefit Program of covered employees, changing to Benefit Program L-6 (2.00%) in accordance with Section 70.665, RSMo., 2004.
4. 
To adopt a change in the retirement age provision of covered employees, changing to member employees' option of retirement upon attaining minimum service retirement age in accordance with Sections 70.600, 70.645 and 70.646, RSMo., 2004.
B. 
The City 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 (1st) day of July, 2007.