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MO HB2470
Bill
Status
2/3/2016
Primary Sponsor
Gina Mitten
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AI Summary
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Adds new section 169.467 to Missouri law governing the public school retirement system, effective August 28, 2016
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Requires the board of trustees to increase retirement allowances for retired members and beneficiaries when cost of living increases from the preceding fiscal year
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Cost-of-living adjustments must equal the increase in the consumer price index
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Board determines cost of living increases using generally accepted standards
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Applies notwithstanding any other provision of law, overriding conflicting statutes
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
Last Action
Referred: Pensions(H)
5/13/2016