MO SB1779

Modifies the 80% cap on total cost-of-living adjustment (COLA) increases for retired members and beneficiaries of Missouri's Public School Retirement System and Public Education Employee Retirement System

Beginning December 31, 2026, the board of trustees may approve annual increases of up to 2% to the 80% COLA cap, contingent on the retirement system's investment performance

The 2% increase to the cap is triggered when the system's investments earn returns at least 2% above the board-adopted investment return rate in the prior fiscal year

Retirees who have already reached the 80% COLA cap would receive a non-cumulative 2% adjustment in years when investment performance thresholds are met, but no adjustment in years when thresholds are not met

Removes a reference to section 169.580 in the Public School Retirement System statute