Retirement.
St. Louis Revised Code § 4.10.270
in effect4.10.270 - Retirement.
The following provisions shall apply to the Employees Retirement System:
(a) "Final average compensation" is equal to one-half (½) of the sum of (1) and (2) below:
(1) The annual compensation received by a member for the two (2) consecutive years of creditable service in which the highest compensation was received preceding the termination of his/her employment, and
(2) The balance of a member's sick leave on the date of retirement less sick leave hours paid to the member upon termination of his/her employment and less sick leave hours considered as creditable service for the purpose of determining eligibility for and/or calculation of retirement benefits, except that said balance cannot exceed twenty-five (25) percent of a member's total sick leave on the date of retirement.
(b) If a member has less than two (2) consecutive years of creditable service his/her final average compensation shall be equal to the sum of (1) and (2) below, divided by (3) below and then multiplied by (4) below:
(1) The sum of monthly compensation received by the member for each consecutive month of creditable service immediately preceding the termination of his/her employment;
(2) The balance of a member's sick leave pay on the date of retirement less sick leave hours paid to the member upon termination of his/her employment and less sick leave hours considered as creditable service for the purpose of determining eligibility for retirement benefits, except that said balance cannot exceed twenty-five (25) percent of a member's total sick leave on the date of retirement.
(3) The number of consecutive months of creditable service immediately preceding the termination of his/her employment, and
(4) Twelve (12).
The years of creditable service of a member shall be the number of years and completed full calendar months of service during which he/she receives compensation from the first day of the calendar month following the date of the beginning of each employment with an employer until his/her employment is terminated, subject to the provisions of this section. The years of creditable service of an employee (as that term is defined in Subsection 11 of Section Four of Ordinance 66511) hired after the operative date (as that term is defined in Subsection 18 of Section Four of Ordinance 66511) who had attained the age of sixty (60) years at initial employment shall be the number of years and completed months of service during which he/she receives compensation from October 1, 1988, and hereafter, from the first day on or after October 1, 1988, of the beginning of each employment with an employer until his/her employment is terminated. No creditable service shall be granted for any period of employment before October 1, 1988, after the calendar month in which the member attains age seventy (70). No creditable service for prior employment shall be granted to an employee who becomes a member after April 1, 1960, unless he/she was employed by an employer on April 1, 1960.
A member's accrued sick leave balance less the sum of (a), (b) and (c) below shall be considered as additional creditable service for calculation of retirement benefits under any provision of Ordinance 66511, as amended:
(a) Sick leave hours considered as creditable service for the purpose of determining eligibility for retirement benefits, and
(b) Sick leave hours paid to the member upon termination of his/her employment, and
(c) Sick leave hours used in determining final average compensation.
(Ord. No. 71963, § 27, 2-11-2025; Ord. No. 71686, § 27, 6-28-2023; Ord. No. 71512, § 27, 6-16-2022; Ord. No. 71099, § 27, 2-27-2020.)
Source: City of St. Louis, Missouri, Revised Code of the City of Saint Louis, 2020, Annotated, and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/mo/st._louis/codes/code_of_ordinances?nodeId=TIT4PE_CH4.10CLSEPL_4.10.270REFetched: 11/1/2026