Missouri Senate Bill SB1053

Missouri 2022 Regular Session

• Introduced: 1/12/22
• Refer: 3/1/22

Caption

Modifies terms of active employee members of the Board of Trustees of Missouri Department of Transportation and Highway Patrol Employees' Retirement System

Impact

The implementation of SB1053 will have significant effects on the governance of the retirement system, particularly concerning the terms and the election processes for trustees. It mandates that two active employees from different divisions—transportation and highway patrol—will be elected to the board for four-year terms. Additionally, the introduction of retiree members, also elected for four-year terms, ensures that retired individuals have a voice on the board, thus impacting how decisions regarding the retirement system are made.

Summary

Senate Bill 1053, introduced by Senator Bernskoetter, focuses on modifying the Board of Trustees for the Missouri Department of Transportation and Highway Patrol Employees' Retirement System. The bill aims to repeal the existing section 104.160 of the Revised Statutes of Missouri and enact a new section. This revision is set to alter the composition of the board, ensuring that it includes designated representatives from both active employees and retirees of the system, thereby reflecting a more balanced representation of those within the retirement system.

Contention

Notable points of contention surrounding SB1053 may arise regarding the structure of the board and the balance of power between active employees and retirees. One concern could involve the effectiveness of having equal representation, especially in terms of how well the interests of both active employees and retirees are addressed. Additionally, the process by which members are nominated and elected could lead to debates over fairness and transparency in representing the constituents of the retirement system.