Loading chat...
MO SB1106
Bill
Status
2/29/2016
Primary Sponsor
Kurt Schaefer
Click for details
AI Summary
-
Retired members of the Missouri State Employees' Retirement System (MOSERS) or Missouri Department of Transportation and Highway Patrol Employees' Retirement System (MPERS) who are elected, appointed, or reemployed by a state department may reimburse the retirement system for all retirement benefits previously received
-
Members who reimburse the system become active members again, and upon subsequent retirement, their creditable service is calculated as if they had never retired
-
Repeals sections 104.380 and 104.1039 RSMo and enacts three new sections (104.037, 104.380, and 104.1039) to establish this reimbursement option
-
Under existing law without reimbursement, rehired retirees are treated as new employees with no previous creditable service and must work at least one year to earn any additional annuity
Legislative Description
Allows retired members of MOSERS and MPERS who are rehired and reimburse the system for benefits received to recalculate credible service
Last Action
Hearing Conducted S General Laws and Pensions Committee
3/15/2016