MO HB820

Applies to General Assembly members and statewide elected officials who first became elected officials on or after January 1, 2014, and were not previously covered by either pension system.

Excludes eligible officials from the Year 2000 plan and requires them to participate in the defined contribution plan established under section 105.927.

Sets employer contribution rate at 5 percent of payroll and participant contribution rate at 3 percent of payroll, with employers picking up and paying participant contributions under federal tax code section 414(h)(2).

Provides General Assembly members with same life insurance, disability income benefits, and medical benefits coverage as other Year 2000 plan members under chapters 103 and 104.

Provides statewide elected officials with same life insurance, disability income benefits, and medical benefits coverage as other Year 2000 plan statewide elected officials under chapters 103 and 104.