[Ord. No. 21-13, 12-9-2021]
The Board of Aldermen of the City of Billings, a "political
subdivision," as defined in Section 70.600(19) RSMo., hereby elects
to become a participating employer of the Missouri Local Government
Employees Retirement System, as defined in Section 70.600(11) RSMo.,
and to thereby provide retirement benefits to all its eligible general
employees and Police Officers under Benefit Program L-1, pursuant
to Section 70.655.1 RSMo.
[Ord. No. 21-13, 12-9-2021]
The Board of Aldermen of the City of Billings hereby elects
that 100% of prior employment be considered for "prior service," pursuant
to Sections 70.600(20) and 70.640, RSMo., in calculating benefits
and contributions to LAGERS. Such service shall be credited only to
employees who remain in a covered position with this employer for
one full year after the effective date of membership and to any employee
who becomes permanently disabled or passes away during the first year
of membership pursuant to the provisions of Section 70.640 RSMo..
[Ord. No. 21-13, 12-9-2021]
The Board of Aldermen of the City of Billings hereby elects
that employees eligible to become members of LAGERS are those employees
employed in positions normally requiring 1,500 hours of work a year,
provided such employees are not members of another government retirement
plan, or are otherwise excluded from membership in LAGERS by State
law, pursuant to 16 CSR 20-2.010(B).
[Ord. No. 21-13, 12-9-2021]
The Board of Aldermen of the City of Billings hereby elects
to have the "final average salary" of its employee members determined
over a sixty-consecutive-month period pursuant to the provisions in
Sections 70.600(12) and 70.656, RSMo.
[Ord. No. 21-13, 12-9-2021]
The Board of Aldermen of the City of Billings hereby elects
to require employees who become members of LAGERS to pay 4% employee
contributions to LAGERS, pursuant to Section 70.705 RSMo.
[Ord. No. 21-13, 12-9-2021]
The Board of Aldermen of the City of Billings hereby elects
the minimum service retirement age for all employees in accordance
with Section 70.600(16) or 70.646, RSMo.
[Ord. No. 21-13, 12-9-2021]
The Board of Aldermen of the City of Billings agrees to hold
LAGERS harmless from any liability with respect to this transaction,
apart from those obligations imposed on LAGERS by Sections 70.600
through 70.755 RSMo., provided the transaction is completed according
to the terms contained herein.
[Ord. No. 21-13, 12-9-2021]
The City Clerk/City Treasurer of the City of Billings is hereby
authorized and directed to deduct from the wages or salaries of each
employee member the employee contributions, if any, required by Section
70.705, RSMo., and to promptly remit such contributions to LAGERS,
along with the employer contributions required by Sections 70.705,
70.730, and 70.735, RSMo. It is understood there is no statutory provision
for a participating political subdivision to terminate its membership
under LAGERS.
[Ord. No. 21-13, 12-9-2021]
The Mayor of the City of Billings is hereby authorized and directed
to take all actions, sign all documents, and to do any and all things
and take any and all actions required to place the foregoing resolutions
into effect, including the revision of any relevant ordinances and
resolutions of the City of Billings which shall be promptly submitted
to the Board of Aldermen for approval.
[Ord. No. 21-13, 12-9-2021]
The City of Billings' participation as a LAGERS employer will
commence on the first day of January, 2022.
