MO SB550

Adds section 105.669 to Missouri law requiring plan participants found guilty of specified felonies committed in connection with their employment duties on or after August 28, 2014, to forfeit retirement benefits based on service after that date.

Participants convicted of felony stealing, receiving stolen property, forgery, counterfeiting, bribery of a public servant, or acceding to corruption are ineligible for retirement benefits if the offense involved money, property, or services valued at $5,000 or more.

Courts must forward notice of guilty findings to the appropriate retirement system and determine the value of money, property, or services involved in the offense.

Participants may still request a refund of their own plan contributions despite being ineligible for retirement benefits.

Applies to substantially similar offenses provided under federal law.