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MO SB412

Bill

Official Source

Status

Introduced

3/1/2011

Primary Sponsor

Jason Crowell

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Repeals and reenacts sections 104.190 and 104.480 of Missouri Revised Statutes relating to retirement system governance and auditing procedures.

  • Changes state auditor authority from mandatory examination of annual audits to discretionary audits once every three years for both the Transportation Department Employees' and Highway Patrol Retirement System and the Missouri State Employees' Retirement System.

  • Maintains requirements for boards to keep complete records of proceedings, deliver annual financial statements to the governor, maintain member employment records separately, and locate principal offices in Jefferson City.

  • Requires annual audits by certified public accountants with state auditor reports to the board and governor following any audit conducted.

Legislative Description

Modifies the State Auditor authority to examine audits of the MODOT and Highway Patrol Employees' Retirement System (MPERS) and the Missouri State Employees' Retirement System (MOSERS) to allow the Auditor to audit the systems

Last Action

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

3/3/2011

Committee Referrals

Veterans' Affairs, Emerging Issues, Pensions And Urban Affairs3/3/2011

Full Bill Text

No bill text available