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MO HB1217

Bill

Status

Passed

7/9/2014

Primary Sponsor

Tony Dugger

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Participants convicted of felonies including stealing ($5,000+), receiving stolen property ($5,000+), forgery, counterfeiting, bribery, or corruption committed in connection with employment duties forfeit retirement benefits earned after the bill's effective date, but may request refund of their contributions plus interest.

  • Court must notify the appropriate retirement system upon conviction and determine the value of money, property, or services involved in the offense for plan implementation purposes.

  • Pension benefits are non-transferable and non-assignable, and any contract or agreement violating this prohibition is void; all sums collected by an unauthorized pension assignee must be returned as restitution to the benefit recipient or their heirs.

  • Benefit recipients, guardians, conservators, heirs, or beneficiaries may bring civil action to enforce restitution within five years of the violation.

  • Attorney General may seek injunctions against violations, recover restitution on behalf of benefit recipients and the state, and use investigative powers under chapter 407.

Legislative Description

Specifies certain unlawful transfers or assignments of pension benefits

Last Action

Delivered to Secretary of State (G)

7/9/2014

Committee Referrals

Rules1/22/2014
Financial Institutions1/9/2014

Full Bill Text

No bill text available