Common use of Retirement of Employees Clause in Contracts

Retirement of Employees. Section 1. All employees shall be subject to provisions of Section 120.670 of the Code of Ordinances for the City of Poplar Bluff, Missouri, under the heading of Retirement System (Missouri Local Government Employees Retirement System) and any amendments thereto. Effective January 1, 2014, the City's benefit program shall be the LAGERS L-6 program and shall be non-contributory. Section 2. All employees covered under this Agreement shall participate in the Policeman’s and Fireman’s pension plan, a defined benefit retirement plan for the employees of the Police and Fire Departments of the City of Poplar Bluff, as it existed on the effective date of this Agreement, and as it may be subsequently amended by City Ordinance. The Union shall be notified of any changes to this pension plan and shall be afforded the opportunity to bargain over any impact and effect of such changes.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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