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MO HB2105

Bill

Official Source

Status

Introduced

3/6/2014

Primary Sponsor

Mike Bernskoetter

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Increases the maximum monthly state contribution to the state employee deferred compensation program from $75 to $100 per participant
  • Contributions are credited to plans established under Internal Revenue Code Section 401(a)
  • State agencies with independent payroll systems may credit funds directly to participant accounts instead of through the state treasurer
  • Actual contributions to each participant cannot exceed amounts appropriated by the general assembly
  • Funds are held, administered, and invested according to sections 105.900 to 105.925 and the adopted plan document

Legislative Description

Increases the allowable monthly amount to be credited to each participant's state employee deferred compensation account from up to $75 to up to $100

Last Action

Rules - Reported Do Pass (H)

5/5/2014

Committee Referrals

Rules5/1/2014
Retirement4/23/2014

Full Bill Text

No bill text available