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MO HB1008

Bill

Official Source

Status

Introduced

2/19/2015

Primary Sponsor

Gina Mitten

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Adds new section 169.467 to Missouri Revised Statutes Chapter 169, effective August 28, 2015
  • Requires the board of trustees to increase retirement allowances for retired members and beneficiaries when cost of living increases from the preceding fiscal year
  • Mandates the adjustment amount equal the increase in the Consumer Price Index
  • Applies to the Public School Retirement System of the City of St. Louis
  • Overrides any conflicting provisions of existing law ("notwithstanding any provision of law")

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: Pensions(H)

5/15/2015

Committee Referrals

Pensions5/15/2015

Full Bill Text

No bill text available