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MO HB360

Bill

Official Source

Status

Engrossed

3/16/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals and replaces section 70.695, RSMo relating to the Missouri Local Government Employees' Retirement System
  • Preserves existing protections making retirement allowances and system funds exempt from execution, garnishment, attachment, and bankruptcy proceedings
  • Maintains political subdivisions' right of setoff for claims arising from embezzlement or fraud by members, retirants, or beneficiaries
  • Permits retirement allowances to be subject to attachment or execution only in proceedings for support and maintenance of children, with the system authorized to collect up to $20 per delinquent payment
  • Allows retirants to authorize deductions from their retirement allowance for health insurance or long-term care insurance premiums in accordance with Internal Revenue Code Section 402

Legislative Description

Allows a retiree of the Missouri Local Government Employees' Retirement System to have health insurance or long-term care insurance premiums deducted from his or her retirement allowance

Last Action

Second Rd/Refer: Vet Affairs, Pensions,& Urban Affairs (S)

3/31/2011

Committee Referrals

Rules2/21/2011
Retirement2/10/2011

Full Bill Text

No bill text available