MO HB326

Defined benefit pension plans must establish board member education programs covering trustee duties, ethics, governance, investments, fiduciary duties, legal liability, sunshine law requirements, and actuarial principles

New board members appointed or elected after January 1, 2008 must complete orientation within 90 days; continuing board members must complete at least 6 hours of continuing education annually

Routine annual presentations by outside service providers cannot satisfy education requirements, though providers may conduct separate educational programs

Plans must maintain public records of board member education (date, length, location, materials, facilitator) for at least 3 years or until the member's term expires; board members knowingly not participating may be removed by majority vote (except ex officio members)

Plans must provide annual pension benefit statements upon participant request, including accrued contributions, total benefits, normal retirement eligibility date, and projected benefits; plans failing to comply must explain in writing to the joint committee on public employee retirement