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MO HB630
Bill
Status
Engrossed
4/22/2015
Primary Sponsor
Mike Leara
Click for details
AI Summary
- Members returning from active duty military service who qualify for reemployment rights under federal law (38 U.S.C. Chapter 43) may receive retirement service credit for time spent in military service, but must now pay required member contributions based on the compensation they would have received during leave
- Maximum service credit available at the member contribution rate is capped at five years
- Retirement boards may waive the required contributions for up to three years of creditable service if members provide duty orders under Title 10 or Title 32 U.S.C. and discharge documentation (DD214 or NGB23)
- Members who served on active duty may still purchase up to two years of additional creditable service at actuarial cost, with payment required within five years or before benefit commencement
- Changes apply to both the Police Retirement System and the Civilian Employees' Retirement System of the Kansas City Police Department
Legislative Description
Changes the laws regarding credit for military service for members of the Police Retirement System of Kansas City and the Civilian Employees' Retirement System of the Police Department of Kansas City
Last Action
Public Hearing Scheduled (S) - Tuesday, May 5, 2015, 2:00pm, Senate Committee Room 1
5/4/2015
Committee Referrals
Select Committee on Financial Institutions and Taxation3/17/2015
Pensions2/11/2015
Full Bill Text
No bill text available