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MO HB1472
Bill
Status
1/24/2012
Primary Sponsor
Chris Carter
Click for details
AI Summary
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Changes the age plus service requirement for normal pension eligibility from a sum of 85 to a sum of 80 (age plus years of credited service).
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Allows teachers in the Public School Retirement System of St. Louis to retire earlier by reducing the combined age and service threshold by 5 years.
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Maintains all other retirement provisions including the 2% per year of service pension calculation and 60% maximum pension benefit.
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Sick leave days may be added to actual age for purposes of calculating eligibility under the new age-plus-service formula.
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Effective immediately upon enactment with no retroactive application noted.
Legislative Description
Allows a teacher within the Public School Retirement System of St. Louis to retire when the teacher's age added to the number of years of credited service is not less than 80 instead of 85
Last Action
Referred: Retirement (H)
4/18/2012