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MO HB2592

Bill

Official Source

Status

Introduced

2/18/2016

Primary Sponsor

Mike Bernskoetter

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Origin

House of Representatives

2016 Regular Session

AI Summary

  • Increases the maximum monthly state contribution to 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 Missouri's deferred compensation program

  • Actual amounts credited cannot exceed what the General Assembly appropriates for each 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

Referred: Pensions(H)

4/21/2016

Committee Referrals

Pensions4/21/2016

Full Bill Text

No bill text available