MO SB925

Applies to general assembly members and statewide elected officials who first serve on or after January 1, 2015

Excludes these elected officials from the year 2000 retirement plan and requires enrollment in a defined contribution plan administered through the deferred compensation program

Employer matches 100 percent of participant contributions up to 4 percent of annual salary, with voluntary participant contributions subject to federal IRS limits

Employers pick up and pay participant contributions under 26 U.S.C. Section 414(h)(2), treating them as employer contributions for federal tax purposes with deductions made from participant pay

Maintains eligibility for health care benefits under chapter 103 and life insurance under the year 2000 plan, but eliminates eligibility for disability income benefits