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MO HB1087

Bill

Official Source

Status

Engrossed

4/16/2015

Primary Sponsor

Mike Bernskoetter

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Increases the maximum monthly employer contribution to state employee deferred compensation plans from $75 to $100 per participant
  • Contributions are credited to 401(a) plans established under the Internal Revenue Code for participants in the state's deferred compensation program
  • Actual credited amounts remain subject to General Assembly appropriations and cannot exceed what is appropriated per participant
  • State agencies with payrolls not issued through the state treasurer may credit funds directly to participants

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

Public Hearing Held (S)

4/28/2015

Committee Referrals

Fiscal Review4/15/2015
Select Committee on Financial Institutions and Taxation3/18/2015
Pensions3/11/2015

Full Bill Text

No bill text available