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MO HB1312

Bill

Status

Introduced

1/12/2012

Primary Sponsor

Andrew Koenig

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Origin

House of Representatives

2012 Regular Session

AI Summary

  • Beginning January 1, 2013, members of the general assembly who have not served at least three full biennial assemblies shall not accrue credited service under the retirement system.

  • Persons covered by general assembly provisions receive cost-of-living adjustments (COLAs) when there are increases in pay for members of the general assembly, equal to the percentage increase in pay.

  • Persons covered by statewide elected official provisions receive COLAs when there are increases in pay for statewide elected officials in the highest office held by such person.

  • Members of the general assembly must have served at least three full biennial assemblies to be covered by survivorship benefit provisions and must have at least four years as a statewide elected official for those same provisions.

  • Division of benefits orders in divorce proceedings for retired members are calculated under the year 2000 plan provisions, with cost-of-living adjustments accruing to the member's benefit after the marriage dissolution date.

Legislative Description

Prohibits General Assembly members who have not served at least three full biennial assemblies from accruing creditable service under the Year 2000 Plan in the Missouri State Employees' Retirement System

Last Action

Referred: Retirement (H)

4/12/2012

Committee Referrals

Retirement4/12/2012

Full Bill Text

No bill text available