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MO SB1258

Bill

Official Source

Status

Introduced

1/7/2026

Primary Sponsor

Maggie Nurrenbern

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Adds two new retirement benefit tiers for members of the Public School Retirement System of Missouri with 32-33 years of service (2.55% multiplier) and 33+ years of service (2.6% multiplier) regardless of age
  • Current law provides a 2.5% multiplier for members with 30+ years of service; the new tiers increase benefits for longer-serving educators
  • Retirement eligibility requirements remain unchanged: age 60 with 5+ years of service, age plus service equals 80, age 55 with 25+ years, or 30+ years regardless of age
  • Maximum retirement allowance continues to be capped at 100% of the member's final average salary

Legislative Description

Modifies the retirement allowance multiplier for certain members of the Public School Retirement System

Last Action

Second Read and Referred S Local Government, Elections and Pensions Committee

1/27/2026

Committee Referrals

Local Government, Elections and Pensions1/27/2026

Full Bill Text

No bill text available