[R.O. 2008 §140.010; Ord. No. 4882 §1, 5-14-1990; Ord. No. 6460 §1, 3-25-2002]
The City of Maryville is a "political subdivision" as defined in Sections 70.600 through 70.755 RSMo., and hereby elects to have covered by the Missouri Local Government Employees Retirement System all its eligible employees in the following classes:
The City hereby elects that one hundred percent (100%) of prior employment be considered for prior service credit in computing benefits and contributions to the system.
The City of Maryville, Missouri, as an employer under the Missouri Local Government Employees Retirement System, hereby elects the following:
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 Section 70.705 and Section 70.730, RSMo.
To adopt a change in the method of determining a member employee's final average salary, changing to a thirty-six (36) consecutive-month period for determining a member employee's final average salary in accordance with Section 70.600 and Section 70.656, RSMo.
To adopt a change in the Benefit Program of member employees, changing to Benefit Program L-9.
To adopt no change in the Benefit Program of member employees, keeping member employees option of retirement upon attaining minimum service retirement age.
[R.O. 2008 §140.020; Ord. No. 4882 §1, 5-14-1990]
The City Manager is hereby authorized and directed to deduct from the wages and salaries of each employee member the member contributions required by Section 70.705, RSMo., and to promptly remit the deductions to the Retirement System, together with the employer contributions required by Section 70.730, RSMo.