Loading chat...
MO SB215
Bill
Status
Introduced
1/28/2013
Primary Sponsor
Ryan Silvey
Click for details
AI Summary
- Creates a two-tier retirement system for Kansas City police, with Tier I for members before August 28, 2013 and Tier II for members on or after that date
- Increases maximum creditable service from 30 to 32 years for police officers and raises the pension cap from 75% to 80% of final compensation for those retiring after August 28, 2013
- Tier II police members must complete 27 years of service to retire (versus 25 for Tier I), with final compensation calculated using highest 36 months of salary rather than 24 months
- Tier II civilian employees of the police department have normal retirement age of 67 (versus 65 for Tier I) and require 20 years of service for vesting instead of 10 years
- Modifies city contribution requirements to include actuarial required contributions as determined by a qualified actuary, plus $200 monthly per member receiving supplemental benefits
Legislative Description
Modifies the Kansas City police retirement systems
Last Action
Hearing Conducted S Seniors, Families and Pensions Committee
3/5/2013
Committee Referrals
Seniors, Families and Pensions2/12/2013
Full Bill Text
No bill text available