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MO HB1550

Bill

Official Source

Status

Introduced

1/22/2014

Primary Sponsor

Rory Ellinger

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Amends Chapter 169 of Missouri Revised Statutes by adding Section 169.467 relating to the Public School Retirement System.

  • Beginning August 28, 2014, the board of trustees must increase retirement allowances for retired members and beneficiaries if the cost of living increases from the preceding fiscal year.

  • Retirement allowance increases must equal the increase in the Consumer Price Index as measured by generally accepted standards.

Legislative Description

Requires retired members and beneficiaries of the Public School Retirement System of the City of St. Louis to receive annual cost-of-living adjustments equal to the increase in the Consumer Price Index

Last Action

Referred: Retirement(H)

1/29/2014

Committee Referrals

Retirement1/29/2014

Full Bill Text

No bill text available