Kingdom City Missouri Local Government Employees Retirement System (LAGERS) ordinance (§ 115.120)

A. The Board of Trustees of the Village of Kingdom City, Missouri, a political subdivision as defined in Sections 70.600 through 70.755, RSMo. (2000), as amended, hereby elects to become a participating political subdivision of the Missouri Local Government Employees Retirement System, and thereby provide retirement benefits to all its eligible general employees under Benefit Program L-6 in accordance with Section 70.655, RSMo.; and

B. Elects that one hundred percent (100%) of prior employment be considered for prior service credit in calculating benefits and contributions to LAGERS, and further elects that employees employed in positions normally requiring one thousand five hundred (1,500) hours of work a year, provided such employees are not members of another governmental retirement plan or otherwise excluded from membership in LAGERS by State law; and

C. Elects to have the final average salary of its employee members determined over a sixty- consecutive-month period; and

D. Elects to require employees who become members of LAGERS to pay no employee contributions to LAGERS; and

E. Elects the regular retirement age for all eligible employees; and

F. The Village Clerk 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. (2000), and to promptly remit such contributions to LAGERS, along with the employer contributions required by Sections 70.705 and 70.730, RSMo. (2000), as amended. It is understood there is no statutory provision for a participating political subdivision to terminate its membership under LAGERS.

G. Participation as a LAGERS political subdivision will commence on the first day of April, 2011.