MO SB823

Plan participants found guilty of specified felonies committed in direct connection with their employment duties on or after the effective date forfeit retirement benefits based on service rendered after the effective date.

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

Courts must notify the appropriate retirement system upon a finding of guilt and determine the value of money, property, or services involved in the offense.

Felonies triggering benefit forfeiture include: felony stealing ($5,000+ value), felony receiving stolen property ($5,000+ value), forgery, felony counterfeiting, bribery of a public servant, and acceding to corruption.

The act takes effect immediately upon passage and approval as an emergency measure to protect public retirement systems.