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MO HB1039
Bill
Status
6/18/2012
Primary Sponsor
Mike Leara
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AI Summary
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Repeals and replaces section 70.695 of Missouri Revised Statutes regarding the Missouri Local Government Employees' Retirement System
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Maintains protections preventing retirement allowances and system funds from being subject to execution, garnishment, attachment, bankruptcy, or other legal process
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Preserves existing exceptions allowing political subdivisions to offset claims for embezzlement or fraud by members, retirants, or beneficiaries
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Preserves existing exception allowing attachment or execution for child support and maintenance proceedings, with a fee of up to $20 per delinquent payment chargeable to the person
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Authorizes 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 his or her health insurance or long-term care insurance premium deducted from his or her retirement allowance
Last Action
Delivered to Secretary of State (G)
6/18/2012