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MO SB170
Bill
Status
Introduced
1/25/2011
Primary Sponsor
Jason Crowell
Click for details
AI Summary
- Requires each defined benefit plan to submit quarterly reports on investment performance to the joint committee on public employee retirement in the form and manner requested by the committee
- Authorizes the joint committee to subpoena witnesses, take testimony under oath, and compel production of records if a plan fails to submit the required quarterly report
- Maintains existing requirements for comprehensive annual financial reports including detailed financial statements, actuarial valuations, investment listings, and administrative expense disclosures
- Requires plans to submit proposed rules to the joint committee on public employee retirement prior to or within ten days of filing or promulgation with the secretary of state's office
- Mandates comprehensive annual financial reports be forwarded to the state auditor and joint committee within six months of the plan's fiscal year end
Legislative Description
Specifies that defined benefit retirement plans are required to submit quarterly reports on their investment performance to the Joint Committee on Public Employee Retirement
Last Action
Second Read and Referred S Veterans' Affairs, Emerging Issues, Pensions and Urban Affairs Committee
1/27/2011
Committee Referrals
Veterans' Affairs, Emerging Issues, Pensions And Urban Affairs1/27/2011
Full Bill Text
No bill text available