Loading chat...
MO HB304
Bill
Status
Introduced
1/4/2017
Primary Sponsor
Patricia Pike
Click for details
AI Summary
- Extends the deadline for nominating a successor beneficiary after remarriage from 90 days to one year for both the teacher retirement system (sections 169.010–169.140) and the school employee retirement system (sections 169.600–169.712)
- Allows retired members who elected a reduced retirement allowance with a spouse as beneficiary to have their allowance increased to the full Option 1 amount following a divorce finalized on or after September 1, 2017
- Requires the dissolution decree to provide sole retention of all retirement allowance rights to the retired person as a condition for the allowance increase
- Increases take effect upon the retirement board's receipt of an application and a certified copy of the divorce decree meeting statutory requirements
- Applies parallel changes to both the Public School Retirement System (section 169.141) and the Public Education Employee Retirement System (section 169.715)
Legislative Description
Modifies provisions relating to the teacher and school employee retirement systems
Last Action
SCS Reported Do Pass (S)
4/20/2017
Committee Referrals
Consent and House Procedure2/21/2017
Pensions1/31/2017
Full Bill Text
No bill text available