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MO SB275

Bill

Official Source

Status

Introduced

2/14/2011

Primary Sponsor

Jim Lembke

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Repeals and replaces section 70.695, RSMo, relating to exemptions from legal process for Missouri local government employees' retirement system (LAGERS) benefits

  • Allows retirants to authorize the board to deduct health insurance or long-term care insurance premium payments from their retirement allowances

  • Maintains existing exemptions from execution and garnishment, except for child support proceedings, with the system entitled to collect up to $20 per delinquent payment

  • Preserves the right of political subdivisions to offset claims arising from embezzlement or fraud by members, retirants, or beneficiaries

  • Insurance premium deductions must comply with Section 402 of the Internal Revenue Code of 1986, as amended

Legislative Description

Allows certain retirees who are part of LAGERS to authorize the board to deduct certain insurance premiums from their benefits

Last Action

Second Read and Referred S Veterans' Affairs, Emerging Issues, Pensions and Urban Affairs Committee

2/17/2011

Committee Referrals

Veterans' Affairs, Emerging Issues, Pensions And Urban Affairs2/17/2011

Full Bill Text

No bill text available