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MO HB2100

Bill

Official Source

Status

Introduced

2/10/2010

Primary Sponsor

Ward Franz

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Repeals and replaces section 50.1260, RSMo, regarding direct rollover distributions from the county employees' retirement system
  • Allows distributees to elect direct rollover of eligible distributions to an eligible retirement plan as specified by the board in regulations
  • Establishes that eligible retirement plans include individual retirement accounts, individual retirement annuities, annuity plans under 26 U.S.C. 403(a), and qualified trusts under 26 U.S.C. 401(a)
  • Permits complete or partial direct rollovers with minimum partial rollover amount of $500, while distributions under $200 are excluded if total distributions in the calendar year are expected not to exceed $200
  • Defines distributees to include members, surviving spouses, and former spouses who are alternate payees under qualified domestic relations orders

Legislative Description

Changes the laws regarding the direct rollover provisions of the County Employees' Retirement System

Last Action

Referred: Retirement (H)

5/14/2010

Committee Referrals

Retirement5/14/2010

Full Bill Text

No bill text available