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MO HB448
Bill
Status
4/5/2011
Primary Sponsor
Michael Corcoran
Click for details
AI Summary
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Expands the Casualty Reserve Fund to cover both disability pensions and pensions resulting from a member's death caused by a duty-related personal injury or disease
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Modifies the Employer Accumulation Fund to exclude transfers for allowances resulting from duty-related deaths, which instead transfer from the Casualty Reserve Fund
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Defines duty-related deaths as those that were "the natural and proximate result of a personal injury or disease arising out of and in the course of his or her actual performance of duty as an employee"
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Establishes separate accounting for casualty reserve contributions versus regular employer contributions, with casualty benefits funded through a one-year term basis contribution rate determined by the board
Legislative Description
Creates a funding mechanism for survivor benefits when a member of the Missouri Local Government Employees' Retirement System dies as a result of a duty-related injury or disease
Last Action
Second Rd/Refer: Vet Affairs, Pensions,& Urban Affairs (S)
4/7/2011