HomeMy Public PortalAboutORD13347 BILL NO, 2001µe1
SPONSORED BY COUNCILMAN _.VINCENT_
lie .-,
ORDINANCE_ NO._M 1�? �~� l
AN ORDINANCE OF THE CITY OF .JEFFERSON, MISSOURI, ELECTING THE L-6
RETIREMENT BENEFIT OPTION FOR ITS EMPLOYEES' BENEFIT PROGRAM IN THE
MISSOURI LOCAL GOVERNMENT EMPLOYEES RETIREMENT SYSTEM
WHEREAS, the City has obtained, distributed, and made available as public information,
on December17, 2001, an actuarial review of the cost associated with
adopting the L-6 retirement benefit for its employees as required by Sections
105.660 and 105.685, RSMo 1994; and
WHEREAS, more than forty-five (45) days have elapsed since the cost statement was
made available before final adoption by the Council; and
WHEREAS, the I_-6 benefit option was discussed during the budget hearings and agreed
to and approved as part of the 2001-02 budget to be implemented effective
July 1, 2002; and
BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AN
EMPLOYER UNDER THE MISSOURI LOCAL GOVERNMENT EMPLOYEES'
RETIREMENT SYSTEM, HEREBY ELECTS THE FOLLOWING:
Section 1, To adopt a change in the Benefit Program of member employees,
changing to Benefit Program L-6.
Section 2. 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 July, 2002.
Section 3, This Ordinance shall be in full force and effect from and after the date
of its passage and approval.
Passed: Approved:_ ��
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Pr s h Of 4 cer Mayor
ATTEST: APPROVED AS TO F /RM: /
City Clerk pity Counselor f
Of
Cij-
ty of Jellerson
City Counselor's Office
695 •
Voice (573)634-6315, Fax (573) 634-6504
E-Mail: AGarnet g)JcffCityMo,or,
TO: Phyllis Powell, City Clerk
FROM: B. Allen Garner, City Counselor
RE: LAGERS
DATE: February 14, 2002
Attached is a copy of the correspondence received from the State of Missouri Joint Committee On
Public Employee Retirement verifying that the documentation they have received concerning; the
proposed changes to the LAGERS benefit plan is in compliance with the provisions of Section
105.675, RSMo. Also attached is a copy of the letter From LAGERS noting receipt of necessary
documentation to change the benefit plan to L-6 along the updated rates for the plan which will be
effective July 1, 2002.
If you need any additional information, please contact the Law Department.
Enc.
f3AG/cl
cc: Steve Schlueter, Finance Director
Gail Strope, Hunian Resources Director
11:4ticrctarySarclarinl N'ork`IApI?RS menu clerk 2•I.1•p?.qal
Y A A Y
�T Y A Y Y� •Y
NOW
REPRESENTATIVES ��� SENATORS
D.J.DAVIS rj� y LARRY ROHRBACH
CHAIRMAN �%rh`F�i v::+� VICE CHAIRMAN
OM DEMPSEY RONNIE DePASCO
MARY HAGAN•HARRELL SIDNEY JOHNSON
JIM MURPHY STATE OF MISSOURI JOHN T.RUSSELL
JAMES o'T()oLE JOINT COMMITTEE ON MORRIS WESTFALL
MICHAEL J. REID
PUBLIC EMPLOYEE RETIREMENT
CLAIRE M.WEST,EXECUTIVE DIRECTOR
STATE CAPITOL,ROOM 219•A
JEFFERSON CITY,MO 65101
PHONE(573)751.1260
FAX(573)526.6450
February 11, 2002
Mr. B. Allen Garner
City Counselor
City of Jefferson
320.East McCarthy Street
Jefferson City, MO 65101
Dear Mr. Garner:
This letter will acknowledge receipt of the information concerning proposed changes to the
City of Jefferson within the Local Government Employees' Retirement System. Your
notification complies with the provisions of Section 105.675, RSMo.
Thank you for your cooperation in this matter. If this office can ever be of assistance,
please do not hesitate to contact us.
Sincerely,
Claire M. West
Executive Director
CMW:rs {
FEB 3
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February 13, 2002 r
Mr. B. Allen Garner FEB 14
City Counselor
City of Jefferson
320 East McCarty
Jefferson City, MO 65101
Dear Allen:
We were pleased to receive your Ordinance 13347 in which
the City of Jefferson elected. to participate in the L-6
benefit program with regard to the Missouri Local
Government Employees Retirement System (LAGERS) .
As a result of your action the subdivision will begin
participating in the plan effective July 1, 2002 with the
first month' s contributions due the system on or about
August 1 , 2002 with the updated, computerized report . Your
new employer rates to be effective July 1, 2002 are as
follows :
Prior. Current
Service Service Casualty Total
General 2 . 80% 12 . 00% 0 . 60% 15. 40%
Police 7 . 400 11 . 800 0 . 60% 19 . 80%
Your new employer rates to be effective November. 1, 2002
are as follows :
Prior. Current
Service Service Casualty Total
General 0 . 800 11 . 80 ; 13 . 20%
Police 4 . 80% I1. . 70% 0 . 60% 17 . 10%
The rates shown above replace those previously given in the
actuarial valuation date February 28, 2001 .
A LAGERS r:opresentativF is also available, for an ran-site'
visit to discuss this provision in detail with your
employees, if desired . if you have any questions
concerning the above, please do not hesitate to contact our.
office .
Sincerely,
Keith E. Hughes, CEL3S
Assistant Executive Secretary
Cc: Steve Schlueter
S