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Missouri House Bill HB2234

Missouri 2022 Regular Session

Missouri House Bill HB2234 Compare Versions

Only one version of the bill is available at this time.
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11 SECONDREGULARSESSION
22 HOUSEBILLNO.2234
33 101STGENERALASSEMBLY
44 INTRODUCEDBYREPRESENTATIVEBLACK(7).
55 4586H.01I DANARADEMANMILLER,ChiefClerk
66 ANACT
77 Torepealsections104.010,104.020,104.035,104.090,104.130,104.170,104.200,104.312,
88 104.410,104.436,104.490,104.515,104.625,104.810,104.1003,104.1018,
99 104.1024,104.1051,104.1060,104.1066,104.1072,104.1084,104.1091,and
1010 476.521,RSMo,andtoenactinlieuthereoftwenty-threenewsectionsrelatingto
1111 retirementsystems.
1212 BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
1313 SectionA.Sections104.010,104.020,104.035,104.090,104.130,104.170,104.200,
1414 2104.312,104.410,104.436,104.490,104.515,104.625,104.810,104.1003,104.1018,
1515 3104.1024,104.1051,104.1060,104.1066,104.1072,104.1084,104.1091,and476.521,
1616 4RSMo,arerepealedandtwenty-threenewsectionsenactedinlieuthereof,tobeknownas
1717 5sections104.010,104.020,104.035,104.090,104.170,104.200,104.312,104.410,104.436,
1818 6104.490,104.515,104.625,104.810,104.1003,104.1018,104.1024,104.1051,104.1060,
1919 7104.1066,104.1072,104.1084,104.1091,and476.521,toreadasfollows:
2020 104.010.1.Thefollowingwordsandphrasesasusedinsections104.010to104.800,
2121 2unlessadifferentmeaningisplainlyrequiredbythecontext,shallmean:
2222 3 (1)"Accumulatedcontributions",thesumofalldeductionsforretirementbenefit
2323 4purposesfromamember'scompensationwhichshallbecreditedtothemember'sindividual
2424 5accountandinterestallowedthereon;
2525 6 (2)"Activearmedwarfare",anydeclaredwar,ortheKoreanorVietnameseConflict;
2626 7 (3)"Actuarialequivalent",abenefitwhich,whencomputeduponthebasisof
2727 8specifiedactuarialassumptionsapprovedbytheboard,isequalinvaluetoacertainamount
2828 9orotherbenefit;
2929 EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
3030 intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 10 (4)"Actuarialtables",theactuarialtablesapprovedandinusebyaboardatanygiven
3131 11time;
3232 12 (5)"Actuary",theactuarywhoisamemberoftheAmericanAcademyofActuaries
3333 13orwhoisanenrolledactuaryundertheEmployeeRetirementIncomeSecurityActof1974
3434 14andwhoisemployedbyaboardatanygiventime;
3535 15 (6)"Annuity",annualpayments,madeinequalmonthlyinstallments,toaretired
3636 16memberfromfundsprovidedforin,orauthorizedby,thischapter;
3737 17 (7)"Annuitystartingdate",thefirstdayofthefirstmonthwithrespecttowhichan
3838 18amountispaidasanannuityundersections104.010to104.800,andthetermsretirement,
3939 19timeofretirement,anddateofretirementshallmeanannuitystartingdateasdefinedinthis
4040 20subdivisionunlessthecontextinwhichthetermisusedindicatesotherwise;
4141 21 (8)"Averagecompensation",theaveragecompensationofamemberforthethirty-six
4242 22consecutivemonthsofservicepriortoretirementwhenthemember'scompensationwas
4343 23greatest;orifthememberisonworkers'compensationleaveofabsenceoramedicalleaveof
4444 24absenceduetoanemployeeillness,theamountofcompensationthememberwouldhave
4545 25receivedmaybeused,asreportedandverifiedbytheemployingdepartment;orifthe
4646 26memberhadlessthanthirty-sixmonthsofservice,theaverageannualcompensationpaidto
4747 27thememberduringtheperioduptothirty-sixmonthsforwhichthememberreceived
4848 28creditableservicewhenthemember'scompensationwasthegreatest;orifthememberison
4949 29militaryleave,theamountofcompensationthememberwouldhavereceivedmaybeusedas
5050 30reportedandverifiedbytheemployingdepartmentor,ifsuchamountisnotdeterminable,the
5151 31amountoftheemployee'saveragerateofcompensationduringthetwelve-monthperiod
5252 32immediatelyprecedingsuchperiodofleave,orifshorter,theperiodofemployment
5353 33immediatelyprecedingsuchperiodofleave.Theboardofeachsystemmaypromulgaterules
5454 34forpurposesofcalculatingaveragecompensationandotherretirementprovisionsto
5555 35accommodateforanystatepayrollsysteminwhichcompensationisreceivedonamonthly,
5656 36semimonthly,biweekly,orotherbasis;
5757 37 (9)"Beneficiary",anypersonsorentitiesentitledtoornominatedbyamemberor
5858 38retireewhomaybelegallyentitledtoreceivebenefitspursuanttothischapter;
5959 39 (10)"Biennialassembly",thecompletionofnolessthantwoyearsofcreditable
6060 40serviceorcreditablepriorservicebyamemberofthegeneralassembly;
6161 41 (11)"Boardoftrustees","board",or"trustees",aboardoftrusteesasestablishedfor
6262 42theapplicablesystempursuanttothischapter;
6363 43 (12)"Chapter",sections104.010to104.800;
6464 44 (13)"Compensation":
6565 45 (a)Allsalaryandwagespayableoutofanystate,federal,trust,orotherfundstoan
6666 46employeeforpersonalservicesperformedforadepartment;butincludingonlyamountsfor
6767 HB2234 2 47whichcontributionshavebeenmadeinaccordancewithsection104.436,orsection104.070,
6868 48whicheverisapplicable,andexcludinganynonrecurringsinglesumpaymentsoramounts
6969 49paidafterthemember'sterminationofemploymentunlesssuchamountspaidaftersuch
7070 50terminationareafinalinstallmentofsalaryorwagesatthesamerateasineffectimmediately
7171 51priortoterminationofemploymentinaccordancewithastatepayrollsystemadoptedonor
7272 52afterJanuary1,2000,oranyotherone-timepaymentsmadeasaresultofsuchpayroll
7373 53system;
7474 54 (b)Allsalaryandwageswhichwouldhavebeenpayableoutofanystate,federal,
7575 55trustorotherfundstoanemployeeonworkers'compensationleaveofabsenceduringthe
7676 56periodtheemployeeisreceivingaweeklyworkers'compensationbenefit,asreportedand
7777 57verifiedbytheemployingdepartment;
7878 58 (c)EffectiveDecember31,1995,compensationinexcessofthelimitationssetforth
7979 59inInternalRevenueCodeSection401(a)(17)shallbedisregarded.Thelimitationon
8080 60compensationforeligibleemployeesshallnotbelessthantheamountwhichwasallowedto
8181 61betakenintoaccountunderthesystemasineffectonJuly1,1993.Forthispurpose,an
8282 62"eligibleemployee"isanindividualwhowasamemberofthesystembeforethefirstplan
8383 63yearbeginningafterDecember31,1995;
8484 64 (d)Theboardbyitsrulesmayfurtherdefine"compensation"inamanner
8585 65consistentwiththisdefinition;
8686 66 (14)"Consumerpriceindex",theConsumerPriceIndexforAllUrbanConsumersfor
8787 67theUnitedStates,oritssuccessorindex,asapprovedbyaboard,assuchindexisdefinedand
8888 68officiallyreportedbytheUnitedStatesDepartmentofLabor,oritssuccessoragency;
8989 69 (15)"Creditablepriorservice",theserviceofanemployeewhichwaseitherrendered
9090 70priortotheestablishmentofasystem,orpriortothedatetheemployeelastbecameamember
9191 71ofasystem,andwhichisrecognizedindeterminingthemember'seligibilityandforthe
9292 72amountofthemember'sbenefitsunderasystem;
9393 73 (16)"Creditableservice",thesumofmembershipserviceandcreditablepriorservice,
9494 74totheextentsuchserviceisstandingtoamember'screditasprovidedinthischapter;except
9595 75thatinnocaseshallmorethanonedayofcreditableserviceorcreditablepriorservicebe
9696 76creditedanymemberforanyonecalendardayofeligibleservicecreditasprovidedbylaw;
9797 77 (17)"Deferrednormalannuity",theannuitypayabletoanyformeremployeewho
9898 78terminatedemploymentasanemployeeorotherwisewithdrewfromservicewithavested
9999 79righttoanormalannuity,payableatafuturedate;
100100 80 (18)"Department",anydepartmentoragencyoftheexecutive,legislativeorjudicial
101101 81branchofthestateofMissourireceivingstateappropriations,includingallocatedfundsfrom
102102 82thefederalgovernmentbutnotincludinganybodycorporateorpoliticunlessitsemployees
103103 HB2234 3 83areeligibleforretirementcoveragefromasystempursuanttothischapterasotherwise
104104 84providedbylaw;
105105 85 (19)"Disabilitybenefits",benefitspaidtoanyemployeewhiletotallydisabledas
106106 86providedinthischapter;
107107 87 (20)"Earlyretirementage",amember'sattainmentoffifty-fiveyearsofageandthe
108108 88completionoftenormoreyearsofcreditableservice,exceptforuniformedmembersofthe
109109 89waterpatrol;
110110 90 (21)"Employee":
111111 91 (a)EffectiveAugust28,2007,anyelectiveorappointiveofficerorpersonemployed
112112 92bythestatewhoisemployed,promotedortransferredbyadepartmentintoaneworexisting
113113 93positionandearnsasalaryorwageinapositionnormallyrequiringtheperformancebythe
114114 94personofdutiesduringnotlessthanonethousandfortyhoursperyear,includingeach
115115 95memberofthegeneralassemblybutnotincludinganypatientorinmateofanystate,
116116 96charitable,penalorcorrectionalinstitution.However,personswhoaremembersofthepublic
117117 97schoolretirementsystemandwhoareemployedbyastateagencyotherthananinstitutionof
118118 98higherlearningshallbedeemedemployeesforpurposesofparticipatinginallinsurance
119119 99programsadministeredbyaboardestablishedpursuanttosection104.450.Thisdefinition
120120 100shallnotexcludeanyemployeeasdefinedinthissubdivisionwhoiscoveredonlyunderthe
121121 101federalOldAgeandSurvivors'InsuranceAct,asamended.Asusedinthischapter,theterm
122122 102"employee"shallinclude:
123123 103 a.Personswhoarecurrentlyreceivingannuitiesorotherretirementbenefitsfrom
124124 104someotherretirementorbenefitfund,solongastheyarenotsimultaneouslyaccumulating
125125 105creditableserviceinanotherretirementorbenefitsystemwhichwillbeusedtodetermine
126126 106eligibilityforortheamountofafutureretirementbenefit;
127127 107 b.Personswhohaveelectedtobecomeorwhohavebeenmademembersofasystem
128128 108pursuanttosection104.342;
129129 109 (b)Anypersonwhoisnotaretireeandhasperformedservicesintheemployofthe
130130 110generalassemblyoreitherhousethereof,oranyemployeeofanymemberofthegeneral
131131 111assemblywhileactingintheperson'sofficialcapacityasamember,andwhosepositiondoes
132132 112notnormallyrequirethepersontoperformdutiesduringatleastonethousandfortyhoursper
133133 113year,withamonthofservicebeinganymonthlypayperiodinwhichtheemployeewaspaid
134134 114forfull-timeemploymentforthatmonthlyperiod;exceptthatpersonsdescribedinthis
135135 115paragraphshallnotincludeanysuchpersonswhoareemployedonorafterAugust28,2007,
136136 116andwhohavenotpreviouslybeenemployedinsuchpositions;
137137 117 (c)"Employee"doesnotincludespecialconsultantsemployedpursuanttosection
138138 118104.610;
139139 HB2234 4 119 (d)Thesystemshallconsiderapersonwhoisemployedinmultiplepositions
140140 120simultaneouslywithinasingleagencytobeworkinginasinglepositionforpurposesof
141141 121determiningwhetherthepersonisanemployeeasdefinedinthissubdivision;
142142 122 (22)"Employer",adepartmentofthestate;
143143 123 (23)"Executivedirector",theexecutivedirectoremployedbyaboardestablished
144144 124pursuanttotheprovisionsofthischapter;
145145 125 (24)"Fiscalyear",theperiodbeginningJulyfirstinanyyearandendingJune
146146 126thirtieththefollowingyear;
147147 127 (25)"Fullbiennialassembly",theperiodoftimebeginningonthefirstdaythe
148148 128generalassemblyconvenesforafirstregularsessionuntilthelastdayofthefollowingyear;
149149 129 (26)"Fund",thebenefitfundofasystemestablishedpursuanttothischapter;
150150 130 (27)"Interest",interestatsuchrateasshallbedeterminedandprescribedfromtimeto
151151 131timebyaboard;
152152 132 (28)"Member",asusedinsections104.010to104.272or104.601to104.800shall
153153 133meananemployee,retiree,orformeremployeeentitledtoadeferredannuitycoveredbythe
154154 134Missouridepartmentoftransportationandhighwaypatrolemployees'retirementsystem.
155155 135"Member",asusedinthissectionandsections104.312to104.800,shallmeananemployee,
156156 136retiree,orformeremployeeentitledtodeferredannuitycoveredbytheMissouristate
157157 137employees'retirementsystem;
158158 138 (29)"Membershipservice",theserviceafterbecomingamemberthatisrecognized
159159 139indeterminingamember'seligibilityforandtheamountofamember'sbenefitsundera
160160 140system;
161161 141 (30)"Militaryservice",allactiveserviceperformedintheUnitedStatesArmy,Air
162162 142Force,Navy,MarineCorps,CoastGuard,andmembersoftheUnitedStatesPublicHealth
163163 143Serviceoranywomen'sauxiliarythereof;andserviceintheArmyNationalGuardandAir
164164 144NationalGuardwhenengagedinactivedutyfortraining,inactivedutytrainingorfull-time
165165 145NationalGuardduty,andservicebyanyothercategoryofpersonsdesignatedbythePresident
166166 146intimeofwaroremergency;
167167 147 (31)"Normalannuity",theannuityprovidedtoamemberuponretirementatorafter
168168 148themember'snormalretirementage;
169169 149 (32)"Normalretirementage",anemployee'sattainmentofsixty-fiveyearsofageand
170170 150thecompletionoffouryearsofcreditableserviceortheattainmentofagesixty-fiveyearsof
171171 151ageandthecompletionoffiveyearsofcreditableservicebyamemberwhohasterminated
172172 152employmentandisentitledtoadeferrednormalannuityorthemember'sattainmentofage
173173 153sixtyandthecompletionoffifteenyearsofcreditableservice,exceptthatnormalretirement
174174 154ageforuniformedmembersofthehighwaypatrolshallbefifty-fiveyearsofageandthe
175175 155completionoffouryearsofcreditableserviceanduniformedemployeesofthewaterpatrol
176176 HB2234 5 156shallbefifty-fiveyearsofageandthecompletionoffouryearsofcreditableserviceorthe
177177 157attainmentofagefifty-fiveandthecompletionoffiveyearsofcreditableservicebya
178178 158memberofthewaterpatrolwhohasterminatedemploymentandisentitledtoadeferred
179179 159normalannuityandmembersofthegeneralassemblyshallbefifty-fiveyearsofageandthe
180180 160completionofthreefullbiennialassemblies.Notwithstandinganyotherprovisionoflawto
181181 161thecontrary,amemberoftheMissouridepartmentoftransportationandhighwaypatrol
182182 162employees'retirementsystemoramemberoftheMissouristateemployees'retirementsystem
183183 163shallbeentitledtoretirewithanormalannuityandshallbeentitledtoelectanyofthe
184184 164survivorbenefitoptionsandshallalsobeentitledtoanyotherprovisionsofthischapterthat
185185 165relatetoretirementwithanormalannuityifthesumofthemember'sageandcreditable
186186 166serviceequalseightyyearsormoreandifthememberisatleastforty-eightyearsofage;
187187 167 (33)"Payrolldeduction",deductionsmadefromanemployee'scompensation;
188188 168 (34)"Priorservicecredit",theserviceofanemployeerenderedpriortothedatethe
189189 169employeebecameamemberwhichserviceisrecognizedindeterminingthemember's
190190 170eligibilityforbenefitsfromasystembutnotindeterminingtheamountofthemember's
191191 171benefit;
192192 172 (35)"Reducedannuity",anactuarialequivalentofanormalannuity;
193193 173 (36)"Retiree",amemberwhoisnotanemployeeandwhoisreceivinganannuity
194194 174fromasystempursuanttothischapter;
195195 175 (37)"System"or"retirementsystem",theMissouridepartmentoftransportationand
196196 176highwaypatrolemployees'retirementsystem,ascreatedbysections104.010to104.270,or
197197 177sections104.601to104.800,ortheMissouristateemployees'retirementsystemascreatedby
198198 178sections104.320to104.800;
199199 179 (38)"Uniformedmembersofthehighwaypatrol",thesuperintendent,lieutenant
200200 180colonel,majors,captains,directorofradio,lieutenants,sergeants,corporals,andpatrolmenof
201201 181theMissouristatehighwaypatrolwhonormallyappearinuniform;
202202 182 (39)"Uniformedmembersofthewaterpatrol",employeesoftheMissouristatewater
203203 183patrolofthedepartmentofpublicsafetywhoareclassifiedaswaterpatrolofficerswhohave
204204 184takentheoathofofficeprescribedbytheprovisionsofchapter306andwhohavethosepeace
205205 185officerpowersgivenbytheprovisionsofchapter306;
206206 186 (40)"Vestingservice",thesumofamember'spriorservicecreditandcreditable
207207 187servicewhichisrecognizedindeterminingthemember'seligibilityforbenefitsunderthe
208208 188system.
209209 189 2.Benefitspaidpursuanttotheprovisionsofthischaptershallnotexceedthe
210210 190limitationsofInternalRevenueCodeSection415,theprovisionsofwhicharehereby
211211 191incorporatedbyreference.Notwithstandinganyotherlawtothecontrary,theboardof
212212 192trusteesmayestablishabenefitplanunderSection415(m)oftheInternalRevenueCodeof
213213 HB2234 6 1931986,asamended.SuchplanshallbecreatedsolelyforthepurposesdescribedinSection
214214 194415(m)(3)(A)oftheInternalRevenueCodeof1986,asamended.Theboardoftrusteesmay
215215 195promulgateregulationsnecessarytoimplementtheprovisionsofthissubsectionandtocreate
216216 196andadministersuchbenefitplan.
217217 104.020.Thereisherebycreatedthe"MissouriDepartmentofTransportationand
218218 2HighwayPatrolEmployees'RetirementSystem",whichshallbeabodycorporateandan
219219 3instrumentalityofthestate.Insuchsystemshallbevestedthepowersanddutiesspecifiedin
220220 4sections104.010to[104.270] 104.312andsuchotherpowersasmaybenecessaryorproper
221221 5toenableit,itsofficers,employees,andagentstocarryoutfullyandeffectivelyallthe
222222 6purposesofsections104.010to[104.270] 104.312.
223223 104.035.1.AnymemberwhoseemploymentterminatedpriortoAugust13,1976,
224224 2andwhohadservedtwentyyearsormoreasanemployeeshallbeentitledtoadeferred
225225 3normalannuitybasedonhiscreditableservice,averagecompensation,andtheactineffectat
226226 4thetimehisemploymentwasterminated.
227227 5 2.AnymemberwhoseemploymentterminatesonorafterAugust13,1976,andprior
228228 6toJune1,1981,andwhohadservedfifteenormoreyears'creditableserviceasanemployee
229229 7orhadservedtenormoreyearsofcreditableserviceasanemployeeandwasatleastthirty-
230230 8fiveyearsofageatthedateofterminationofemploymentshallbeentitledtoadeferred
231231 9normalannuitybasedonhiscreditableservice,averagecompensation,andtheactineffectat
232232 10thetimehisemploymentwasterminated.
233233 11 3.AnymemberwhoseemploymentterminatesonorafterJune1,1981,andwhohas
234234 12tenormoreyearsofcreditableserviceatthedateofterminationofemploymentshallbe
235235 13entitledtoadeferrednormalannuitybasedonthemember'screditableservice,average
236236 14compensationandtheactineffectatthetimethemember'semploymentisterminated.
237237 15 4.Anymemberentitledtoadeferrednormalannuityasprovidedinsubsection1,2,3
238238 16or5ofthissectionwhoreenterstheserviceofadepartmentandagainbecomesamemberof
239239 17thesystem[andthereafterservesforonecontinuousyear]shallhavehispriorperiodof
240240 18servicerestored,sothatbenefitsdeterminedbyreasonofhisretirementorsubsequent
241241 19withdrawalfromservicewillincludethesumofallperiodsofcreditableservice,andhis
242242 20annuityshallbebasedonhiscreditableservice,averagecompensation,andtheactineffectat
243243 21thetimeofhisretirementorsubsequentwithdrawalfromservice.
244244 22 5.Notwithstandinganyotherlawtothecontrary,anymemberofthetransportation
245245 23departmentandhighwaypatrolretirementsystemwhoseemploymentterminatedonorafter
246246 24September28,1992,whohasfiveormoreyearsofvestingserviceasanemployeeatthedate
247247 25ofterminationofemploymentshallbeentitledtoadeferrednormalannuitybasedonthe
248248 26member'screditableservice,averagecompensation,andtheactineffectatthetimethe
249249 27member'semploymentwasterminated.
250250 HB2234 7 104.090.1.Thenormalannuityofamembershallequaloneandsix-tenthspercent
251251 2oftheaveragecompensationofthemembermultipliedbythenumberofyearsofcreditable
252252 3serviceofsuchmember.Inaddition,thenormalannuityofauniformedmemberofthepatrol
253253 4shallbeincreasedbythirty-threeandone-thirdpercent.
254254 5 2.Inaddition,auniformedmemberofthehighwaypatrolwhoisretiringwitha
255255 6normalannuityafterattainingnormalretirementageshallreceiveanadditionalsumofninety
256256 7dollarspermonthasacontributionbythesystemuntilsuchmemberattainstheageofsixty-
257257 8fiveyears,whensuchcontributionshallcease.Toqualifyforthecontributionprovidedin
258258 9thissubsectionbythesystem,theretireduniformedmemberofthehighwaypatrolismade,
259259 10constituted,appointedandemployedbytheboardasaspecialconsultantontheproblemsof
260260 11retirement,agingandotherstatematters.Suchadditionalcontributionshallbereducedeach
261261 12monthbysuchamountearnedbytheretireduniformedmemberofthehighwaypatrolin
262262 13gainfulemployment.Inordertoqualifyfortheadditionalcontributionprovidedinthis
263263 14subsection,theretireduniformedmemberofthehighwaypatrolshallhavebeen:
264264 15 (1)HiredbytheMissouristatehighwaypatrolpriortoJanuary1,1995;and
265265 16 (2)EmployedbytheMissouristatehighwaypatrolorreceivinglong-termdisability
266266 17orwork-relateddisabilitybenefitsonthedaybeforetheeffectivedateofthemember's
267267 18retirement.
268268 19 3.Inlieuoftheannuitypayabletothememberpursuanttosection104.100,a
269269 20memberwhoseageatretirementisforty-eightormoremayelectinthemember'sapplication
270270 21forretirementtoreceiveoneofthefollowing:
271271 22 Option1.
272272 23 Anactuarialreductionapprovedbytheboardofthemember'sannuityinreduced
273273 24monthlypaymentsforlifeduringretirementwiththeprovisionthatuponthemember'sdeath
274274 25thereducedannuityatdateofdeathshallbecontinuedthroughoutthelifeof,andbepaidto,
275275 26themember'sspouse;or
276276 27 Option2.
277277 28 Themember'snormalannuityinregularmonthlypaymentsforlifeduringretirement
278278 29withtheprovisionthatuponthemember'sdeathasurvivor'sbenefitequaltoone-halfthe
279279 30member'snormalannuityatdateofdeathshallbepaidtothemember'sspouseinregular
280280 31monthlypaymentsforlife;or
281281 32 Option3.
282282 33 Anactuarialreductionapprovedbytheboardofthemember'snormalannuityin
283283 34reducedmonthlypaymentsforthemember'slifewiththeprovisionthatifthememberdies
284284 35priortothemember'shavingreceivedonehundredtwentymonthlypaymentsofthemember's
285285 36reducedannuity,themember'sreducedallowancetowhichthememberwouldhavebeen
286286 37entitledhadthememberlivedshallbepaidfortheremainderoftheonehundredtwenty-
287287 HB2234 8 38monthperiodtosuchbeneficiaryasthemembershallhavenominatedbywrittendesignation
288288 39dulyexecutedandfiledwiththeboard.Ifthereisnobeneficiarysurvivingtheretiree,the
289289 40reserveforsuchallowancefortheremainderofsuchonehundredtwenty-monthperiodshall
290290 41bepaidtotheretiree'sestate;or
291291 42 Option4.
292292 43 Anactuarialreductionapprovedbytheboardofthemember'snormalannuityin
293293 44reducedmonthlypaymentsforthemember'slifewiththeprovisionthatifthememberdies
294294 45priortothememberhavingreceivedsixtymonthlypaymentsofthemember'sreduced
295295 46annuity,themember'sreducedallowancetowhichthememberwouldhavebeenentitledhad
296296 47thememberlivedshallbepaidfortheremainderofthesixty-monthperiodtosuch
297297 48beneficiaryasthemembershallhavenominatedbywrittendesignationdulyexecutedand
298298 49filedwiththeboard.Ifthereisnobeneficiarysurvivingtheretiree,thereserveforsuch
299299 50allowancefortheremainderofsuchsixty-monthperiodshallbepaidtotheretiree'sestate.
300300 51 4.Theelectionmaybemadeonlyintheapplicationforretirement,andsuch
301301 52applicationshallbefiledatleastthirtydaysbutnotmorethanninetydayspriortothedateon
302302 53whichtheretirementofthememberistobeeffective,providedthatifeitherthememberor
303303 54thespousenominatedtoreceivethesurvivorshippaymentdiesbeforetheeffectivedateof
304304 55retirement,theelectionshallnotbeeffective.Ifafterthereducedannuitycommences,the
305305 56spousepredeceasestheretiredmember,thereducedannuitycontinuestotheretiredmember
306306 57duringthemember'slifetime.
307307 58 5.EffectiveJuly1,2000,amembermaymakeanelectionunderoption1or2after
308308 59thedateretirementbenefitsareinitiatedifthemembermakestheelectionwithinoneyear
309309 60fromthedateofmarriageorJuly1,2000,whicheverislater,underanyofthefollowing
310310 61circumstances:
311311 62 (1)Thememberelectedtoreceiveanormalannuityandwasnoteligibletoelect
312312 63option1or2onthedateretirementbenefitswereinitiated;or
313313 64 (2)Themember'sannuityrevertedtoanormalannuitypursuanttosubsection7of
314314 65thissectionorsubsection[7or]8ofsection104.103andthememberremarried;or
315315 66 (3)Thememberelectedoption1or2butthemember'sspouseatthetimeof
316316 67retirementhasdiedandthememberhasremarried.
317317 68 6.AnypersonwhoterminatesemploymentorretirespriortoJuly1,2000,shallbe
318318 69made,constituted,appointedandemployedbytheboardasaspecialconsultantonthe
319319 70problemsofretirement,agingandotherstatematters,andforsuchservicesshallbeeligibleto
320320 71electtoreceivethebenefitsdescribedinsubsection5ofthissection.
321321 72 7.ForretirementapplicationsfiledonorafterAugust28,2004,thebeneficiaryfor
322322 73eitheroption1oroption2ofsubsection3ofthissectionshallbethemember'sspouseatthe
323323 74timeofretirement.Ifthemember'smarriageendsafterretirementasaresultofadissolution
324324 HB2234 9 75ofmarriage,suchdissolutionshallnotaffecttheoptionelectionandtheformerspouseshall
325325 76continuetobeeligibletoreceivesurvivorbenefitsupondeathofthemember,excepta
326326 77membermaycancelhisorherelectionif:
327327 78 (1)Thedissolutionofmarriageofthememberandformerspouseoccurredonorafter
328328 79January1,2021,andthedissolutiondecreeprovidesforsoleretentionbythememberofall
329329 80rightsintheannuityandprovidesthattheformerspouseshallnotbeentitledtoanysurvivor
330330 81benefitspursuanttothischapter;or
331331 82 (2)Thedissolutionofmarriageofthememberandformerspouseoccurredpriorto
332332 83January1,2021,and:
333333 84 (a)Thedissolutiondecreeprovidedforthesoleretentionbythememberofallrights
334334 85intheannuitypursuanttothischapter,andthepartiesobtainedanamendedormodified
335335 86dissolutiondecreeafterJanuary1,2021,providingforimmediateremovaloftheformer
336336 87spouseasthebeneficiaryentitledtosurvivorbenefitstothesatisfactionofthesystem;or
337337 88 (b)Thedissolutiondecreedoesnotprovideforthesoleretentionbythememberofall
338338 89rightsintheannuityandthepartiesobtainedanamendedormodifieddissolutiondecreeafter
339339 90January1,2021,whichprovidesforthesoleretentionbythememberofallrightsinthe
340340 91annuityandprovidesthattheformerspouseshallnotbeentitledtoanysurvivorbenefits
341341 92pursuanttothischapter.
342342 93
343343 94Uponmeetingtherequirementsofsubdivision(1)or(2)ofthissubsection,themonthly
344344 95benefitpayableforthelifetimeofthemembershallbetheactuarialequivalentoftheannuity
345345 96payablepursuanttotheprovisionsofoption1oroption2ofsubsection3ofthissection,as
346346 97adjustedforearlyretirementifapplicable.Innoeventshallthemonthlybenefitpayablefor
347347 98thelifetimeofthememberbegreaterthantheamountthatwouldhavebeenpayabletothe
348348 99memberundersubsection7or8ofsection104.103,whicheverisapplicable,hadtheformer
349349 100spousediedonthedateofthedissolutionofmarriage.Anyincreaseintheannuityamount
350350 101pursuanttothissubsectionshallbeprospectiveandeffectivethefirstofthemonthfollowing
351351 102thedateofreceiptbythesystemofacertifiedcopyofthedissolutiondecreethatmeetsthe
352352 103requirementsofthissubsection.
353353 104 8.Anyapplicationforretirementshallonlybecomeeffectiveonthefirstdayofthe
354354 105month.
355355 104.170.1.Theboardshallelect[bysecretballot] onememberaschairandone
356356 2memberasvicechairatthefirstboardmeetingofeachyear.Thechairmaynotservemore
357357 3thantwoconsecutivetermsbeginningafterAugust13,1988.Thechairshallpresideover
358358 4meetingsoftheboardandperformsuchotherdutiesasmayberequiredbyactionofthe
359359 5board.Thevicechairshallperformthedutiesofthechairintheabsenceofthelatterorupon
360360 6thechair'sinabilityorrefusaltoact.
361361 HB2234 10 7 2.Theboardshallappointafull-timeexecutivedirector,whoshallnotbe
362362 8compensatedforanyotherdutiesunderthestatehighwaysandtransportationcommission.
363363 9Theexecutivedirectorshallhavechargeoftheofficesandrecordsandshallhiresuch
364364 10employeesthattheexecutivedirectordeemsnecessarysubjecttothedirectionoftheboard.
365365 11Theexecutivedirectorandallotheremployeesofthesystemshallbemembersofthesystem
366366 12andtheboardshallmakecontributionstoprovidetheinsurancebenefitsavailablepursuantto
367367 13section104.270onthesamebasisasprovidedforotherstateemployeespursuanttothe
368368 14provisionsofsection104.515,andalsoshallmakecontributionstoprovidetheretirement
369369 15benefitsonthesamebasisasprovidedforotheremployeespursuanttotheprovisionsof
370370 16sections104.090to104.260.Theexecutivedirectorisauthorizedtoexecutealldocuments
371371 17includingcontractsnecessarytocarryoutanyandallactionsoftheboard.
372372 18 3.Anysummonsorotherwritissuedbythecourtsofthestateshallbeservedupon
373373 19theexecutivedirectoror,intheexecutivedirector'sabsence,ontheassistantdirector.
374374 104.200.Shouldanyerrorinanyrecordsresultinany[member's] memberor
375375 2[beneficiary's] beneficiaryreceivingmoreorlessthanheorshewouldhavebeenentitledto
376376 3receivehadtherecordsbeencorrect,theboardshallcorrectsucherror,and,asfaras
377377 4practicable,makefuturepaymentsinsuchamannerthattheactuarialequivalentofthebenefit
378378 5towhichsuchmemberorbeneficiarywasentitledshallbepaid,andtothisendmayrecover
379379 6anyoverpayments.Inallcasesinwhichsucherrorhasbeenmade,nosucherrorshallbe
380380 7correctedunlessthesystemdiscoversorisnotifiedofsucherrorwithintenyearsafterthe
381381 8[initial] member'sannuitystartingdateordateoferror,whicheveroccurslater.Incases
382382 9offraud,anyerrordiscoveredshallbecorrectedwithoutconcernfortheamountoftime
383383 10thathaspassed.
384384 104.312.1.Theprovisionsofsubsection2ofsection104.250,subsection2of
385385 2section104.540,subsection2ofsection287.820,andsection476.688tothecontrary
386386 3notwithstanding,anypension,annuity,benefit,right,orretirementallowanceprovided
387387 4pursuanttothischapter,chapter287,orchapter476ismaritalpropertyandafterAugust28,
388388 51994,acourtofcompetentjurisdictionmaydividethepension,annuity,benefits,rights,and
389389 6retirementallowanceprovidedpursuanttothischapter,chapter287,orchapter476between
390390 7thepartiestoanyactionfordissolutionofmarriage.Adivisionofbenefitsorderissued
391391 8pursuanttothissection:
392392 9 (1)Shallnotrequiretheapplicableretirementsystemtoprovideanyformortypeof
393393 10annuityorretirementplannotselectedbythememberandnotnormallymadeavailableby
394394 11thatsystem;
395395 12 (2)Shallnotrequiretheapplicableretirementsystemtocommencepaymentsuntil
396396 13themembersubmitsavalidapplicationforanannuityandtheannuitybecomespayablein
397397 14accordancewiththeapplication;
398398 HB2234 11 15 (3)Shallidentifythemonthlyamounttobepaidtothealternatepayee,whichshallbe
399399 16expressedasapercentageandwhichshallnotexceedfiftypercentoftheamountofthe
400400 17member'sannuityaccruedduringallorpartofthetimewhilethememberandalternatepayee
401401 18weremarriedexcludingserviceaccruedunder104.601; andwhichshallbebasedonthe
402402 19member'svestedannuityonthedateofthedissolutionofmarriageoranearlierdateas
403403 20specifiedintheorder,whichamountshallbeadjustedproportionatelyifthemember'sannuity
404404 21isreducedduetoearlyretirementorthemember'sannuityisreducedpursuanttosection
405405 22104.395underanannuityoptioninwhichthemembernamedthealternatepayeeas
406406 23beneficiarypriortothedissolutionofmarriageorpursuanttosection104.090underan
407407 24annuityoptioninwhichthememberonorafterAugust28,2007,namedthealternativepayee
408408 25asbeneficiarypriortothedissolutionofmarriage,andthepercentageestablishedshallbe
409409 26appliedtotheprorataportionofanylumpsumdistributionpursuanttosubsection6of
410410 27section104.335,accruedduringthetimewhilethememberandalternatepayeeweremarried;
411411 28 (4)Shallnotrequirethepaymentofanannuityamounttothememberandalternate
412412 29payeewhichintotalexceedstheamountwhichthememberwouldhavereceivedwithout
413413 30regardtotheorder;
414414 31 (5)Shallprovidethatanybenefitformulaincreases,additionalyearsofservice,
415415 32increasedaveragecompensationorothertypeofincreasesaccruedafterthedateofthe
416416 33dissolutionofmarriageshallaccruesolelytothebenefitofthemember;exceptthatonor
417417 34afterSeptember1,2001,anyannualbenefitincreasepaidafterthemember'sannuity
418418 35startingdateshallnotbeconsideredtobeanincreaseaccruedafterthedateofterminationof
419419 36marriageandshallbepartofthemonthlyamountsubjecttodivisionpursuanttoanyorder
420420 37issuedafterSeptember1,2001;
421421 38 (6)Shallterminateuponthedeathofeitherthememberorthealternatepayee,
422422 39whicheveroccursfirst;
423423 40 (7)Shallnotcreateaninterestwhichisassignableorsubjecttoanylegalprocess;
424424 41 (8)Shallincludethename,address,anddateofbirthofboththememberandthe
425425 42alternatepayee,andtheidentityoftheretirementsystemtowhichitapplies;
426426 43 (9)Shallbeconsistentwithanyotherdivisionofbenefitsorderswhichareapplicable
427427 44tothesamemember;
428428 45 (10)Shallnotrequiretheapplicableretirementsystemtocontinuepaymentstothe
429429 46alternatepayeeifthemember'sretirementbenefitissuspendedorwaivedasprovidedbythis
430430 47chapterbutsuchpaymentsshallresumewhentheretireebeginstoreceiveretirementbenefits
431431 48inthefuture.
432432 49 2.Asystemestablishedbythischaptershallprovidethecourthavingjurisdictionofa
433433 50dissolutionofmarriageproceedingorthepartiestotheproceedingwithinformation
434434 51necessarytoissueadivisionofbenefitsorderconcerningamemberofthesystem,upon
435435 HB2234 12 52writtenrequestfromeitherthecourt,thememberorthemember'sspouse,whichcitesthis
436436 53sectionandidentifiesthecasenumberandparties.
437437 54 3.Asystemestablishedbythischaptershallhavethediscretionaryauthoritytoreject
438438 55adivisionofbenefitsorderforthefollowingreasons:
439439 56 (1)Theorderdoesnotclearlystatetherightsofthememberandthealternatepayee;
440440 57 (2)Theorderisinconsistentwithanylawgoverningtheretirementsystem.
441441 58 4.Theamountpaidtoanalternatepayeeunderanorderissuedpursuanttothis
442442 59sectionshallbebasedontheplanthememberwasinonthedateofthedissolutionof
443443 60marriage;exceptthatanyannualbenefitincreasessubjecttodivisionshallbebasedonthe
444444 61actualannualbenefitincreasesreceivedaftertheretirementplanelection.
445445 62 5.Anyannuitypayableundersection104.625thatissubjecttoadivisionof
446446 63benefitorderunderthissectionshallbecalculatedasfollows:
447447 64 (1)Ininstancesofdivorceafterretirement,anyserviceorcompensationofa
448448 65memberbetweentheretroactivestartingdateandtheannuitystartingdateshallnotbe
449449 66consideredcreditableserviceorcompensation;and
450450 67 (2)Thelump-sumpaymentdescribedinsubdivision(3)ofsection104.625shall
451451 68notbesubjecttoanydivisionofbenefitorder.
452452 104.410.1.Anyuniformedmemberofthewaterpatrolwhoshallbeaffirmatively
453453 2foundbytheboardtobewhollyandpermanentlyincapableofholdinganypositionofgainful
454454 3employmentasaresultofinjuriesorillnessincurredintheperformanceofthemember's
455455 4dutiesshallbeentitledtoreceivedisabilitybenefitsinanamountequaltoone-halfofthe
456456 5compensationthattheemployeewasreceivingatthetimeoftheoccurrenceoftheinjury
457457 6entitlingtheemployeetosuchdisabilitybenefits.Anydisabilitybenefitpayablepursuantto
458458 7thissubsectionshallbedecreasedbyanyamountpaidtosuchuniformedmemberofthewater
459459 8patrolbyreasonoftheworkers'compensationlawsofthisstate.Afterterminationof
460460 9paymentunderworkers'compensation,however,anysuchreductionanddisabilitybenefits
461461 10shallberestored.
462462 11 2.Theboardoftrusteesmayrequireamedicalexaminationofanyuniformed
463463 12memberofthewaterpatrolwhoisreceivingdisabilitybenefitspursuanttothissectionatany
464464 13timebyadesignatedphysician,anddisabilitybenefitsshallbediscontinuediftheboardfinds
465465 14thatsuchmemberisabletoperformthedutiesofthemember'sformerposition,orifsuch
466466 15memberrefusestosubmittosuchanexamination.
467467 16 3.Thedisabilitybenefitsdescribedinthissectionshallnotbepaidtoanyuniformed
468468 17memberofthewaterpatrolwhohasretainedorregainedmorethanfiftypercentofthe
469469 18member'searningcapacity.Ifanyuniformedmemberofthewaterpatrolwhohasbeen
470470 19receivingdisabilitybenefitsagainbecomesanemployee,themember'sdisabilitybenefits
471471 20shallbediscontinued,themember'spriorperiodofcreditableserviceshallberestored,and
472472 HB2234 13 21anysubsequentdeterminationofbenefitsduethememberorthemember'ssurvivorsshallbe
473473 22basedonthesumofthemember'screditableserviceaccruedtothedatethemember's
474474 23disabilitybenefitscommencedandtheperiodofcreditableserviceafterthemember'sreturn
475475 24toemployment.
476476 25 4.Anyuniformedmemberofthewaterpatrolreceivingbenefitspursuanttothe
477477 26provisionsofthissectionforfiveormoreyearsimmediatelypriortoattainmentofagefifty-
478478 27fiveshallbeconsideredanormalretirantatagefifty-five,andmayelect,withinthirtydays
479479 28precedingtheattainmentofagefifty-five,option1ofsection104.395,butonlyforthe
480480 29member'sspousewhowasthemember'sspousefortwoormoreyearspriortothemember's
481481 30attainmentofagefifty-five.
482482 31 5.AnymemberwhoisreceivingdisabilitybenefitsasofDecember31,1985,orany
483483 32memberwhoisdisabledonDecember31,1985,andwouldhavebeenentitledtoreceive
484484 33disabilitybenefitspursuanttothissectionastheprovisionsofthissectionexisted
485485 34immediatelypriortoSeptember28,1985,shallbeeligibletoreceiveorshallcontinueto
486486 35receivebenefitsinaccordancewithsuchpriorprovisionsofthissectionuntilthemember
487487 36againbecomesanemployee;however,allemployeesofthedepartmentofconservationwho
488488 37aredisabledshallreceivebenefitspursuantonlytothissectionorsection104.518,whichever
489489 38isapplicable,andshallnotbeeligibleforbenefitsunderanyotherplanorprogrampurchased
490490 39orprovidedafterSeptember28,1985.
491491 40 6.Anymemberwhoqualifiesfordisabilitybenefitspursuanttosubsection1ofthis
492492 41sectionorpursuanttotheprovisionsofsection104.518,orunderalong-termdisability
493493 42programprovidedbythemember'semployingdepartmentasaconsequenceofemployment
494494 43bythedepartment,shallcontinuetoaccruecreditableservicebasedonthemember'srateof
495495 44payimmediatelypriortothedatethememberbecamedisabledinaccordancewithsections
496496 45104.370,104.371,104.374and104.615,untilthedatethemember'sretirementbenefitgoes
497497 46intopaystatus,thedisabilitybenefitsceasebeingpaidtothemember,orthememberisno
498498 47longerdisabled,whichevercomesfirst.Personscoveredbytheprovisionsofsections
499499 48476.515to476.565orsections287.812to287.855,whoqualifyfordisabilitybenefits
500500 49pursuanttotheprovisionsofsection104.518,atthedatethepersonbecomesdisabled,shall
501501 50continuetoaccruecreditableservicebasedontheperson'srateofpayimmediatelypriorto
502502 51thedatethepersonbecomesdisableduntilthedatetheperson'sretirementbenefitgoesinto
503503 52paystatus,thedisabilitybenefitsceasebeingpaidtothepersonorthepersonisnolonger
504504 53disabled,whichevercomesfirst.Membersorpersonscontinuingtoaccruecreditableservice
505505 54pursuanttothissubsectionshallbeentitledtocontinuetheirlifeinsurancecoveragesubjectto
506506 55theprovisionsofthelifeinsuranceplanadministeredbytheboardpursuanttosection
507507 56104.517.Therateofpayforpurposesofcalculatingretirementbenefitsforamemberor
508508 57persondescribedinthissubsectionwhobecomesdisabledandretiresonorafterAugust28,
509509 HB2234 14 581999,shallbethemember'sorperson'sregularmonthlycompensationreceivedatthetimeof
510510 59disablement,increasedthereafterforanyincreasesintheconsumerpriceindex.Such
511511 60increasesinthemember'smonthlypayshallbemadeannuallybeginningtwelvemonthsafter
512512 61disablementandshallbeequaltoeightypercentoftheincreaseintheconsumerpriceindex
513513 62duringthecalendaryearpriortotheadjustment,butnotmorethanfivepercentofthe
514514 63member'smonthlypayimmediatelybeforetheincrease.Suchaccrualsshallcontinueuntil
515515 64theearliestof:receiptofanearlyretirementannuity,attainmentofnormalretirement
516516 65eligibilityorterminationofdisabilitybenefits.
517517 66 7.Amemberorpersonwhocontinuestobedisabledasprovidedinsubsection6of
518518 67thissectionuntilthemember'snormalretirementageshallbeeligibletoretireonthefirstday
519519 68ofthemonthnextfollowingthemember'sorperson'sfinalpaymentpursuanttosection
520520 69104.518or,ifapplicable,subsection1ofthissection.Amemberorpersonwhoretires
521521 70pursuanttothissubsectionshallreceivethegreaterofthenormalannuityortheminimum
522522 71annuity,ifapplicable,determinedpursuanttosections104.370,104.371,104.374and
523523 72104.615,andsection287.820,andsection476.530asifthememberorpersonhadcontinued
524524 73intheactiveemployoftheemployeruntilthemember'sorperson'sretirementbenefitgoes
525525 74intopaystatus,thedisabilitybenefitsceasebeingpaidtothememberorperson,orthe
526526 75memberorpersonisnolongerdisabled,whichevercomesfirstandthemember'sorperson's
527527 76compensationforsuchperiodhadbeenthemember'sorperson'srateofpayimmediately
528528 77precedingthedatethememberorpersonbecamedisabled.
529529 78 8.Ifamemberwhohasbeendisabledbecomesanemployeeagainandifthemember
530530 79wasdisabledduringtheentireperiodofthemember'sabsence,thenthemembershallresume
531531 80activeparticipationasofthedateofreemployment.Suchamembershallreceivecreditable
532532 81servicefortheentireperiodthememberwasdisabledasprovidedinsubsection6ofthis
533533 82section.
534534 83 9.Ifamemberceasestobedisabledandifthememberdoesnotreturntoworkas
535535 84providedinsubsection8ofthissection,themember'srightstofurtherbenefitsshallbe
536536 85determinedinaccordancewithsections104.335,104.380,104.400,104.420and104.615as
537537 86thoughthememberhadwithdrawnfromserviceasofthedatethememberceasedtobe
538538 87disabled,asdeterminedbythesystem.
539539 88 10.Membersofthegeneralassemblywhoareaccruingserviceundersubsection
540540 896ofthissectionshallcontinuetoaccrueserviceuntiltheearliestofattainmentofnormal
541541 90retirementageeligibility,terminationofdisabilitybenefits,ortheendofthemember's
542542 91constitutionallymandatedlimitonserviceasamemberofthegeneralassemblyforthe
543543 92chamberinwhichthememberwasservingatthetimeofdisablement.
544544 93 11.Statewideelectedofficialswhoareaccruingserviceundersubsection6ofthis
545545 94sectionshallcontinuetoaccrueserviceuntiltheearliestofattainmentofnormal
546546 HB2234 15 95retirementageeligibility,terminationofdisabilitybenefits,ortheendofthestatewide
547547 96electedofficial'sconstitutionallymandatedlimitonserviceasastatewideelectedofficial
548548 97fortheofficeinwhichthestatewideelectedofficialwasservingatthetimeof
549549 98disablement.
550550 104.436.1.Theboardintendstofollowafinancingpatternwhichcomputesand
551551 2requirescontributionamountswhich,expressedaspercentsofactivememberpayroll,will
552552 3remainapproximatelylevelfromyeartoyearandfromonegenerationofcitizenstothenext
553553 4generation.Suchcontributiondeterminationsrequireregularactuarialvaluations,whichshall
554554 5bemadebytheboard'sactuary,usingassumptionsandmethodsadoptedbytheboardafter
555555 6consultingwithitsactuary.Theentryagenormalcostvaluationmethodshallbeusedin
556556 7determiningthenormalcost[, andcontributionsforunfundedaccruedliabilitiesshallbe
557557 8determinedusinglevelpercent-of-payrollamortization] calculation.
558558 9 2.Atleastninetydaysbeforeeachregularsessionofthegeneralassembly,theboard
559559 10shallcertifytothedivisionofbudgetthecontributionratenecessarytocovertheliabilitiesof
560560 11theplanadministeredbythesystem,includingcostsofadministration,expectedtoaccrue
561561 12duringthenextappropriationperiod.Thecommissionerofadministrationshallrequest
562562 13appropriationoftheamountcalculatedpursuanttotheprovisionsofthissubsection.
563563 14Followingeachpayperiod,thecommissionerofadministrationshallrequisitionandcertify
564564 15thepaymenttotheexecutivedirectoroftheMissouristateemployees'retirementsystem.The
565565 16executivedirectorshallpromptlydeposittheamountscertifiedtothecreditoftheMissouri
566566 17stateemployees'retirementfund.
567567 18 3.Theemployersofmembersofthesystemwhoarenotpaidoutoffundsthathave
568568 19beendepositedinthestatetreasuryshallremitpromptlytotheexecutivedirectoranamount
569569 20equaltotheamountwhichthestatewouldhavepaidifthosemembershadbeenpaidentirely
570570 21fromstatefunds.Theexecutivedirectorshallpromptlydeposittheamountscertifiedtothe
571571 22creditoftheMissouristateemployees'retirementsystemfund.
572572 23 4.Theseamountsarefundsofthesystem,andshallnotbecommingledwithany
573573 24fundsinthestatetreasury.
574574 104.490.1.Shouldanyerrorresultinanymemberorbeneficiaryreceivingmoreor
575575 2lessthanheorshewouldhavebeenentitledtoreceivehadtheerrornotoccurred,theboard
576576 3shallcorrectsucherror,and,asfaraspracticable,makefuturepaymentsinsuchamannerthat
577577 4theactuarialequivalentofthebenefittowhichsuchmemberorbeneficiarywasentitledshall
578578 5bepaid,andtothisendmayrecoveranyoverpayments.Inallcasesinwhichsucherrorhas
579579 6beenmade,nosucherrorshallbecorrectedunlessthesystemdiscoversorisnotifiedofsuch
580580 7errorwithintenyearsafterthe[initial] member'sannuitystartingdateordateoferror,
581581 8whicheveroccurslater.Incasesoffraud,anyerrordiscoveredshallbecorrected
582582 9withoutconcerntotheamountoftimethathaspassed.
583583 HB2234 16 10 2.Apersonwhoknowinglymakesafalsestatement,orfalsifiesorpermitstobe
584584 11falsifiedarecordofthesystem,inanattempttodefraudthesystemissubjecttofineor
585585 12imprisonmentpursuanttotheMissourirevisedstatutes.
586586 13 3.TheboardoftrusteesoftheMissouristateemployees'retirementsystemshall
587587 14ceasepayingbenefitstoanysurvivororbeneficiarywhoischargedwiththeintentional
588588 15killingofamemberwithoutlegalexcuseorjustification.Asurvivororbeneficiarywhois
589589 16convictedofsuchchargeshallnolongerbeentitledtoreceivebenefits.Ifthesurvivoror
590590 17beneficiaryisnotconvictedofsuchcharge,theboardshallresumepaymentofbenefitsand
591591 18shallpaythesurvivororbeneficiaryanybenefitsthatweresuspendedpendingresolutionof
592592 19suchcharge.
593593 104.515.1.Separateaccountsformedical,lifeinsuranceanddisabilitybenefits
594594 2providedpursuanttosections104.517and104.518shallbeestablishedaspartofthefund.
595595 3Thefunds,propertyandreturnoninvestmentsoftheseparateaccountshallnotbe
596596 4commingledwithanyotherfunds,propertyandinvestmentreturnofthesystem.Allbenefits
597597 5andpremiumsarepaidsolelyfromtheseparateaccountformedical,lifeinsuranceand
598598 6disabilitybenefitsprovidedpursuanttothissection.
599599 7 2.Thestateshallcontributeanamountasappropriatedbylawandapprovedbythe
600600 8governorpermonthformedicalbenefits,lifeinsuranceandlong-termdisabilitybenefitsas
601601 9providedpursuanttothissectionandsections104.517and104.518.Suchamountsshall
602602 10includethecostofprovidinglifeinsurancebenefitsforeachactiveemployeewhoisa
603603 11memberoftheMissouristateemployees'retirementsystem,amemberofthepublicschool
604604 12retirementsystemandwhoisemployedbyastateagencyotherthananinstitutionofhigher
605605 13learning,amemberoftheretirementsystemestablishedbysections287.812to287.855,the
606606 14judicialretirementsystem,eachlegislatorandofficialholdinganelectivestateoffice,
607607 15membersnotonpayrollstatuswhoarereceivingworkers'compensationbenefits,andifthe
608608 16statehighwaysandtransportationcommissionsoelects,thoseemployeeswhoaremembers
609609 17ofthestatetransportationdepartmentemployees'andhighwaypatrolretirementsystem;ifthe
610610 18statehighwaysandtransportationcommissionsoelectstojointheplan,thestateshall
611611 19contributeanamountasappropriatedbylawformedicalbenefitsforthoseemployeeswho
612612 20aremembersofthetransportationdepartmentemployees'andhighwaypatrolretirement
613613 21system;anadditionalamountequaltotheamountrequired,basedoncompetitivebiddingor
614614 22determinedactuarially,tofundtheretiredmembers'deathbenefitorlifeinsurancebenefit,or
615615 23both,providedinsubsection4ofthissectionandthedisabilitybenefitsprovidedinsection
616616 24104.518.Thisamountshallbereportedasaseparateiteminthemonthlycertificationof
617617 25requiredcontributionswhichthecommissionerofadministrationsubmitstothestate
618618 26treasurerandshallbedepositedtotheseparateaccountformedical,lifeinsuranceand
619619 27disabilitybenefits.Allcontributionsmadeonbehalfofmembersofthestatetransportation
620620 HB2234 17 28departmentemployees'andhighwaypatrolretirementsystemshallbemadefromhighway
621621 29funds.Ifthehighwaysandtransportationcommissionsoelects,thespousesand
622622 30unemancipatedchildrenundertwenty-threeyearsofageofemployeeswhoaremembers
623623 31ofthestatetransportationdepartmentemployees'andhighwaypatrolretirementsystemshall
624624 32beabletoparticipateintheprogramofinsurancebenefitstocovermedicalexpensespursuant
625625 33totheprovisionsofsubsection3ofthissection.
626626 34 3.Theboardshalldeterminethepremiumamountsrequiredforparticipating
627627 35employees.Thepremiumamountsshallbetheamount,which,togetherwiththestate's
628628 36contribution,isrequiredtofundthebenefitsprovided,takingintoaccountnecessaryactuarial
629629 37reserves.Separatepremiumsshallbeestablishedforemployees'benefitsandaseparate
630630 38premiumorscheduleofpremiumsshallbeestablishedforbenefitsforspousesand
631631 39unemancipatedchildrenundertwenty-threeyearsofageofparticipatingemployees.The
632632 40employee'spremiumsforspouseandchildrenbenefitsshallbeestablishedtocoverthat
633633 41portionofthecostofsuchbenefitswhichisnotpaidforbycontributionsbythestate.All
634634 42suchpremiumamountsshallbepaidtotheboardoftrusteesatthetimethateachemployee's
635635 43wagesorsalarywouldnormallybepaid.Thepremiumamountssoremittedwillbeplacedin
636636 44theseparateaccountformedical,lifeinsuranceanddisabilitybenefits.Inlieuofthe
637637 45availabilityofpremiumdeductions,theboardmayestablishalternativemethodsforthe
638638 46collectionofpremiumamounts.
639639 47 4.Eachspecialconsultanteligibleforlifebenefitsemployedbyaboardoftrusteesof
640640 48aretirementsystemasprovidedinsection104.610whoisamemberoftheMissouristatelife
641641 49insuranceplanorMissouristatetransportationdepartmentandMissouristatehighwaypatrol
642642 50lifeinsuranceplanshall,inadditiontodutiesprescribedinsection104.610oranyotherlaw,
643643 51anduponrequestoftheboardoftrustees,givetheboard,orallyorinwriting,ashortdetailed
644644 52statementonlifeinsuranceanddeathbenefitproblemsaffectingretirees.Ascompensation
645645 53fortheextradutyimposedbythissubsection,anyspecialconsultantasdefinedabove,other
646646 54thanaspecialconsultantentitledtoadeferrednormalannuitypursuanttosection104.035or
647647 55104.335,whoretiresonorafterSeptember28,1985,shallreceiveasapartofcompensation
648648 56fortheseextraduties,adeathbenefitoffivethousanddollars,andanyspecialconsultantwho
649649 57terminatesemploymentonorafterAugust28,1999,afterreachingnormalorearlyretirement
650650 58ageandbecomesaretireewithin[sixty] sixty-fivedaysofsuchterminationshallreceivefive
651651 59thousanddollarsoflifeinsurancecoverage.Inaddition,eachspecialconsultantwhoisa
652652 60memberofthetransportationdepartmentemployees'andhighwaypatrolretirementsystem
653653 61medicalinsuranceplanshallalsoprovidetheboard,uponrequestoftheboard,orallyorin
654654 62writing,ashortdetailedstatementonphysical,medicalandhealthproblemsaffectingretirees.
655655 63Ascompensationforthisextraduty,eachspecialconsultantasdefinedaboveshallreceive,in
656656 64additiontoallothercompensationprovidedbylaw,ninedollars,oranamountequivalentto
657657 HB2234 18 65thatprovidedtootherspecialconsultantspursuanttotheprovisionsofsection103.115.In
658658 66addition,anyspecialconsultantasdefinedinsection287.820orsection476.601who
659659 67terminatesemploymentandimmediatelyretiresonorafterAugust28,1995,shallreceiveasa
660660 68partofcompensationfortheseduties,adeathbenefitoffivethousanddollarsandanyspecial
661661 69consultantwhoterminatesemploymentonorafterAugust28,1999,afterreachingtheageof
662662 70eligibilitytoreceiveretirementbenefitsandbecomesaretireewithin[sixty] sixty-fivedays
663663 71ofsuchterminationshallreceivefivethousanddollarsoflifeinsurancecoverage.
664664 72 5.Anyformeremployeewhoisreceivingdisabilityincomebenefitsfromthe
665665 73Missouristateemployees'retirementsystemorthetransportationdepartmentemployees'and
666666 74highwaypatrolretirementsystemshall,uponapplicationwiththeboardoftrusteesofthe
667667 75Missouriconsolidatedhealthcareplanorthetransportationdepartmentemployeesand
668668 76highwaypatrolmedicalplan,bemade,constituted,appointedandemployedbytherespective
669669 77boardasaspecialconsultantontheproblemsofthehealthofdisabilityincomerecipientsand,
670670 78uponrequestoftheboardoftrusteesofeachmedicalplan,givetheboard,orallyorinwriting,
671671 79ashortdetailedstatementofphysical,medicalandhealthproblemsaffectingdisability
672672 80incomerecipients.Ascompensationfortheextradutyimposedbythissubsection,eachsuch
673673 81specialconsultantasdefinedinthissubsectionmayreceive,inadditiontoallother
674674 82compensationprovidedbylaw,anamountcontributedtowardmedicalbenefitscoverage
675675 83providedbytheMissouriconsolidatedhealthcareplanorthetransportationemployeesand
676676 84highwaypatrolmedicalplanpursuanttoappropriations.
677677 104.625.EffectiveJuly1,2002,anymemberretiringpursuanttotheprovisionsof
678678 2sections104.010to104.801,exceptanelectedofficialoramemberofthegeneralassembly,
679679 3whohasnotbeenpaidretirementbenefitsandcontinuesemploymentforatleasttwoyears
680680 4beyondnormalretirementage,mayelecttoreceiveanannuityandlumpsumpaymentor
681681 5payments,determinedasfollows:
682682 6 (1)Aretroactivestartingdateshallbeestablishedwhichshallbeadateselectedby
683683 7themember;provided,however,thattheretroactivestartingdateselectedbythemember
684684 8shallnotbeadatewhichisearlierthanthedatewhenanormalannuitywouldhavefirstbeen
685685 9payable.Inaddition,theretroactivestartingdateshallnotbemorethanfiveyearspriortothe
686686 10annuitystartingdate,whichshallbethefirstdayofthemonthwithrespecttowhichan
687687 11amountispaidasanannuitypursuanttothissection.Themember'sselectionofaretroactive
688688 12startingdateshallbedoneintwelve-monthincrements,exceptthisrestrictionshallnotapply
689689 13whenthememberselectsthetotalavailabletimebetweentheretroactivestartingdateandthe
690690 14annuitystartingdate;
691691 15 (2)Theprospectiveannuitypayableasoftheannuitystartingdateshallbe
692692 16determinedpursuanttotheprovisionsotherwiseapplicableunderthelaw,withtheexception
693693 17thatitshallbetheamountwhichwouldhavebeenpayablehadthememberactuallyretiredon
694694 HB2234 19 18theretroactivestartingdateundertheretirementplanselectedbythemember.Otherthanfor
695695 19thelumpsumpaymentorpaymentsspecifiedinsubdivision(3)ofthissection,noother
696696 20amountshallbeduefortheperiodbetweentheretroactivestartingdateandtheannuity
697697 21startingdate;
698698 22 (3)Thelumpsumpayableshallbeninetypercentoftheannuityamountswhich
699699 23wouldhavebeenpaidtothememberfromtheretroactivestartingdatetotheannuitystarting
700700 24datehadthememberactuallyretiredontheretroactivestartingdateandreceivedanormal
701701 25annuity.Themembershall[electto]receivethelumpsumamount[either] initsentiretyat
702702 26thesametimeastheinitialannuitypaymentismade[orinthreeequalannualinstallments
703703 27withthefirstpaymentmadeatthesametimeastheinitialannuitypayment]; and
704704 28 (4)[Anyannuitypayablepursuanttothissectionthatissubjecttoadivisionof
705705 29benefitorderpursuanttosection104.312shallbecalculatedasfollows:
706706 30 (a)Anyserviceofamemberbetweentheretroactivestartingdateandtheannuity
707707 31startingdateshallnotbeconsideredcreditableserviceexceptforpurposesofcalculatingthe
708708 32divisionofbenefit;and
709709 33 (b)Thelumpsumpaymentdescribedinsubdivision(3)ofthissectionshallnotbe
710710 34subjecttoanydivisionofbenefitorder;and
711711 35 (5)]Forpurposesofdeterminingannualbenefitincreasespayableaspartofthelump
712712 36sumandannuityprovidedpursuanttothissection,theretroactivestartingdateshallbe
713713 37consideredthemember'sdateofretirement.
714714 104.810.1.EmployeesoftheMissouristatewaterpatrolwhoareearningcreditable
715715 2serviceintheclosedplanoftheMissouristateemployees'retirementsystemandwhoare
716716 3transferredtothedivisionofwaterpatrolwiththeMissouristatehighwaypatrolshallelect
717717 4withinninetydaysofJanuary1,2011,toeitherremainamemberoftheMissouristate
718718 5employees'retirementsystemortransfermembershipandcreditableservicetotheclosedplan
719719 6oftheMissouridepartmentoftransportationandhighwaypatrolemployees'retirement
720720 7system.Theelectionshallbemadeinwritingaftertheemployeehasreceivedadetailed
721721 8analysiscomparingretirement,lifeinsurance,disabilitybenefits,andmedicalbenefitsofa
722722 9memberoftheMissouristateemployees'retirementsystemwiththecorrespondingbenefits
723723 10providedanemployeeofthehighwaypatrolcoveredbytheclosedplanoftheMissouri
724724 11departmentoftransportationandhighwaypatrolemployees'retirementsystem.Inelecting
725725 12planmembershiptheemployeeshallacknowledgeandagreethatanelectionmadeunderthis
726726 13subsectionisirrevocable,andconstitutesawaivertoreceiveretirement,lifeinsurance,
727727 14disabilitybenefits,andmedicalbenefitsexceptasprovidedbythesystemelectedbythe
728728 15employee.Furthermore,inconnectionwiththeelection,theemployeeshallberequiredto
729729 16acknowledgethatthebenefitsprovidedbyvirtueofmembershipineithersystem,andany
730730 17associatedcoststotheemployee,maybedifferentnoworinthefutureasaresultofthe
731731 HB2234 20 18electionandthattheemployeeagreestoholdbothsystemsharmlesswithregardtobenefit
732732 19differencesresultingfromtheelection.Intheeventanemployeeterminatesemployment
733733 20andlaterreturnstothesameposition,theemployeeshallbeamemberofthesystemin
734734 21whichheorshewasamemberpriortotermination.Iftheemployeereturnstoany
735735 22otherposition,theemployeeshallbeamemberofthesystemthatcurrentlycoversthat
736736 23position.
737737 24 2.EmployeesoftheMissouristatewaterpatrolwhoareearningcreditedservicein
738738 25theyear2000planoftheMissouristateemployees'retirementsystemandwhoaretransferred
739739 26tothedivisionofwaterpatrolwiththeMissouristatehighwaypatrolshallelectwithinninety
740740 27daysofJanuary1,2011,toeitherremainamemberoftheMissouristateemployees'
741741 28retirementsystemortransfermembershipandcreditableservicetotheyear2000planofthe
742742 29Missouridepartmentoftransportationandhighwaypatrolemployees'retirementsystem.The
743743 30electionshallbemadeinwritingaftertheemployeehasreceivedadetailedanalysis
744744 31comparingretirement,lifeinsurance,disabilitybenefits,andmedicalbenefitsofamemberof
745745 32theMissouristateemployees'retirementsystemwiththecorrespondingbenefitsprovidedan
746746 33employeeofthehighwaypatrolcoveredbytheyear2000planoftheMissouridepartmentof
747747 34transportationandhighwaypatrolemployees'retirementsystem.Inelectingplan
748748 35membershiptheemployeeshallacknowledgeandagreethatanelectionmadeunderthis
749749 36subsectionisirrevocable,andconstitutesawaivertoreceiveretirement,lifeinsurance,
750750 37disabilitybenefits,andmedicalbenefitsexceptasprovidedbythesystemelectedbythe
751751 38employee.Furthermore,inconnectionwiththeelection,theemployeeshallberequiredto
752752 39acknowledgethatthebenefitsprovidedbyvirtueofmembershipineithersystem,andany
753753 40associatedcoststotheemployee,maybedifferentnoworinthefutureasaresultofthe
754754 41electionandthattheemployeeagreestoholdbothsystemsharmlesswithregardtobenefit
755755 42differencesresultingfromtheelection.
756756 43 3.TheMissouristateemployees'retirementsystemshallpaytotheMissouri
757757 44departmentoftransportationandhighwaypatrolemployees'retirementsystem,byJune30,
758758 452011,anamountactuariallydeterminedtoequaltheliabilityatthetimeofthetransferforany
759759 46employeewhoelectsundersubsection1or2ofthissectiontotransfertotheMissouri
760760 47departmentoftransportationandhighwaypatrolemployees'retirementsystem,totheextent
761761 48thatliabilityisfundedasofthemostrecentactuarialvaluationandbasedontheactuarial
762762 49valueofassetsnottoexceedonehundredpercent.
763763 50 4.Innoeventshallanyemployeereceiveservicecreditforthesameperiodofservice
764764 51undermorethanoneretirementsystemasaresultoftheprovisionsofthissection.
765765 52 5.Theonlymedicalcoverageavailableforanyemployeewhoelectsundersubsection
766766 531or2ofthissectiontotransfertotheMissouridepartmentoftransportationandhighway
767767 54patrolemployees'retirementsystemshallbethemedicalcoverageprovidedinsection
768768 HB2234 21 55104.270.TheeffectivedateforcommencementofmedicalcoverageshallbeJuly1,2011.
769769 56However,thisdoesnotprecludemedicalcoverageforthetransferredemployeeasa
770770 57dependentunderanyotherhealthcareplan.
771771 58 6.Anyemployeewhoelectsundersubsection1or2ofthissectiontotransfertothe
772772 59Missouridepartmentoftransportationandhighwaypatrolemployees'retirementsystemand
773773 60whoisalsothereafterauniformedmemberofthehighwaypatrolshallbesubjecttothe
774774 61mandatoryretirementagestatedinsection104.081.
775775 104.1003.1.Unlessadifferentmeaningisplainlyrequiredbythecontext,the
776776 2followingwordsandphrasesasusedinsections104.1003to104.1093shallmean:
777777 3 (1)"Act",theyear2000plancreatedbysections104.1003to104.1093;
778778 4 (2)"Actuary",anactuarywhoisexperiencedinretirementplanfinancingandwhois
779779 5eitheramemberoftheAmericanAcademyofActuariesoranenrolledactuaryunderthe
780780 6EmployeeRetirementIncomeSecurityActof1974;
781781 7 (3)"Annuity",annualbenefitamounts,paidinequalmonthlyinstallments,from
782782 8fundsprovidedforin,orauthorizedby,sections104.1003to104.1093;
783783 9 (4)"Annuitystartingdate"meansthefirstdayofthefirstmonthwithrespectto
784784 10whichanamountispaidasanannuitypursuanttosections104.1003to104.1093;
785785 11 (5)"Beneficiary",anypersonsorentitiesentitledtoreceiveanannuityorother
786786 12benefitpursuanttosections104.1003to104.1093basedupontheemploymentrecordof
787787 13anotherperson;
788788 14 (6)"Boardoftrustees","board",or"trustees",agoverningbodyorbodiesestablished
789789 15fortheyear2000planpursuanttosections104.1003to104.1093;
790790 16 (7)"Closedplan",abenefitplancreatedpursuanttothischapterandadministeredby
791791 17asystempriortoJuly1,2000.NopersonfirstemployedonorafterJuly1,2000,shall
792792 18becomeamemberoftheclosedplan,buttheclosedplanshallcontinuetofunctionforthe
793793 19benefitofpersonscoveredbyandremainingintheclosedplanandtheirbeneficiaries;
794794 20 (8)"Consumerpriceindex",theConsumerPriceIndexforAllUrbanConsumersfor
795795 21theUnitedStates,oritssuccessorindex,asapprovedbytheboard,assuchindexisdefined
796796 22andofficiallyreportedbytheUnitedStatesDepartmentofLabor,oritssuccessoragency;
797797 23 (9)"Creditedservice",thetotalcreditedservicetoamember'screditasprovidedin
798798 24sections104.1003to104.1093;exceptthatinnocaseshallmorethanonedayofcredited
799799 25servicebecreditedtoanymemberorvestedformermemberforanyonecalendardayof
800800 26eligiblecreditasprovidedbylaw;
801801 27 (10)"Department",anydepartmentoragencyoftheexecutive,legislative,orjudicial
802802 28branchofthestateofMissourireceivingstateappropriations,includingallocatedfundsfrom
803803 29thefederalgovernmentbutnotincludinganybodycorporateorpoliticunlessitsemployees
804804 HB2234 22 30areeligibleforretirementcoveragefromasystempursuanttothischapterasotherwise
805805 31providedbylaw;
806806 32 (11)"Earlyretirementeligibility",amember'sattainmentoffifty-sevenyearsofage
807807 33andthecompletionofatleastfiveyearsofcreditedservice;
808808 34 (12)"Effectivedate",July1,2000;
809809 35 (13)"Employee"shallbeanypersonwhoisemployedbyadepartmentandispaida
810810 36salaryorwagebyadepartmentinapositionnormallyrequiringtheperformanceofdutiesof
811811 37notlessthanonethousandfortyhoursperyear,provided:
812812 38 (a)Theterm"employee"shallnotincludeanypatientorinmateofanystate,
813813 39charitable,penalorcorrectionalinstitution,oranypersonwhoisemployedbyadepartment
814814 40inapositionthatiscoveredbyastate-sponsoreddefinedbenefitretirementplannotcreated
815815 41bythischapter;
816816 42 (b)Theterm"employee"shallbemodifiedasprovidedbyotherprovisionsof
817817 43sections104.1003to104.1093;
818818 44 (c)Thesystemshallconsiderapersonwhoisemployedinmultiplepositions
819819 45simultaneouslywithinasingleagencytobeworkinginasinglepositionforpurposesof
820820 46determiningwhetherthepersonisanemployeeasdefinedinthissubdivision;
821821 47 (d)[BeginningSeptember1,2001,theterm"year"asusedinthissubdivisionshall
822822 48meanthetwelve-monthperiodbeginningonthefirstdayofemployment;
823823 49 (e)]Theterm"employee"shallincludeanypersonasdefinedunderparagraph(b)of
824824 50subdivision(21)ofsubsection1ofsection104.010whoisfirstemployedonorafterJuly1,
825825 512000,butpriortoAugust28,2007;
826826 52 (14)"Employer",adepartment;
827827 53 (15)"Executivedirector",theexecutivedirectoremployedbyaboardestablished
828828 54pursuanttotheprovisionsofsections104.1003to104.1093;
829829 55 (16)"Finalaveragepay",theaveragepayofamemberforthethirty-sixfull
830830 56consecutivemonthsofservicebeforeterminationofemploymentwhenthemember'spaywas
831831 57greatest;orifthememberwasonworkers'compensationleaveofabsenceoramedicalleave
832832 58ofabsenceduetoanemployeeillness,theamountofpaythememberwouldhavereceived
833833 59butforsuchleaveofabsenceasreportedandverifiedbytheemployingdepartment;orifthe
834834 60memberwasemployedforlessthanthirty-sixmonths,theaveragemonthlypayofamember
835835 61duringtheperiodforwhichthememberwasemployed.Theboardofeachsystemmay
836836 62promulgaterulesforpurposesofcalculatingfinalaveragepayandotherretirementprovisions
837837 63toaccommodateforanystatepayrollsysteminwhichpayisreceivedonamonthly,
838838 64semimonthly,biweekly,orotherbasis;
839839 65 (17)"Fund",afundoftheyear2000planestablishedpursuanttosections104.1003to
840840 66104.1093;
841841 HB2234 23 67 (18)"Investmentreturn",or"interest",ratesasshallbedeterminedandprescribed
842842 68fromtimetotimebyaboard;
843843 69 (19)"Member",apersonwhoisincludedinthemembershipofthesystem,asset
844844 70forthinsection104.1009;
845845 71 (20)"Normalretirementeligibility",amember'sattainmentofatleastsixty-twoyears
846846 72ofageandthecompletionofatleastfiveormoreyearsofcreditedserviceor,theattainment
847847 73ofatleastforty-eightyearsofagewithatotalofyearsofageandyearsofcreditedservice
848848 74whichisatleasteightyor,inthecaseofamemberofthehighwaypatrolwhoshallbesubject
849849 75tothemandatoryretirementprovisionsofsection[104.080] 104.081, themandatory
850850 76retirementageandcompletionoffiveyearsofcreditedserviceor,theattainmentofatleast
851851 77forty-eightyearsofagewithatotalofyearsofageandyearsofcreditedservicewhichisat
852852 78leasteighty;
853853 79 (21)"Pay"shallinclude:
854854 80 (a)Allsalaryandwagespayabletoanemployeeforpersonalservicesperformedfora
855855 81department;butexcluding:
856856 82 a.Anyamountspaidafteranemployee'semploymentisterminated,unlessthe
857857 83paymentismadeasafinalinstallmentofsalaryorwagesatthesamerateasineffect
858858 84immediatelypriortoterminationofemploymentinaccordancewithastatepayrollsystem
859859 85adoptedonorafterJanuary1,2000;
860860 86 b.Anyamountspaiduponterminationofemploymentforunusedannualleaveor
861861 87unusedsickleave;
862862 88 c.PayinexcessofthelimitationssetforthinSection401(a)(17)oftheInternal
863863 89RevenueCodeof1986asamendedandotherapplicablefederallawsorregulations;
864864 90 d.Anynonrecurringsinglesumpayments;and
865865 91 e.Anyamountsforwhichcontributionshavenotbeenmadeinaccordancewith
866866 92section104.1066;
867867 93 (b)Allsalaryandwageswhichwouldhavebeenpayabletoanemployeeonworkers'
868868 94compensationleaveofabsenceduringtheperiodtheemployeeisreceivingaweeklyworkers'
869869 95compensationbenefit,asreportedandverifiedbytheemployingdepartment;
870870 96 (c)Allsalaryandwageswhichwouldhavebeenpayabletoanemployeeonamedical
871871 97leaveduetoemployeeillness,asreportedandverifiedbytheemployingdepartment;
872872 98 (d)Forpurposesofmembersofthegeneralassembly,payshallbetheannualsalary
873873 99providedtoeachsenatorandrepresentativepursuanttosection21.140,plusanysalary
874874 100adjustmentpursuanttosection21.140;
875875 101 (e)Theboardbyitsrulesmayfurtherdefine"pay"inamannerconsistentwith
876876 102thisdefinition;
877877 HB2234 24 103 (22)"Retiree",apersonreceivinganannuityfromtheyear2000planbaseduponthe
878878 104person'semploymentrecord;
879879 105 (23)"State",thestateofMissouri;
880880 106 (24)"System"or"retirementsystem",theMissouristateemployees'retirement
881881 107systemortheMissouridepartmentoftransportationandhighwaypatrolemployees'
882882 108retirementsystem,asthecasemaybe;
883883 109 (25)"Vestedformermember",apersonentitledtoreceiveadeferredannuitypursuant
884884 110tosection104.1036;
885885 111 (26)"Year2000plan",thebenefitplancreatedbysections104.1003to104.1093.
886886 112 2.Benefitspaidundertheprovisionsofthischaptershallnotexceedthelimitationsof
887887 113InternalRevenueCodeSection415,theprovisionsofwhichareherebyincorporatedby
888888 114reference.Notwithstandinganyotherlawtothecontrary,theboardoftrusteesmayestablish
889889 115abenefitplanunderSection415(m)oftheInternalRevenueCodeof1986,asamended.Such
890890 116planshallbecreatedsolelyforthepurposesdescribedinSection415(m)(3)(A)oftheInternal
891891 117RevenueCodeof1986,asamended.Theboardoftrusteesmaypromulgateregulations
892892 118necessarytoimplementtheprovisionsofthissubsectionandtocreateandadministersuch
893893 119benefitplan.
894894 104.1018.1.Whenamemberisnolongeremployedinapositioncoveredbythe
895895 2system,membershipinthesystemshallthereuponcease.Ifamemberhasfiveormoreyears
896896 3ofcreditedserviceuponsuchmember'sterminationofmembership,suchmembershallbea
897897 4vestedformermemberentitledtoadeferredannuitypursuanttosection104.1036, exceptas
898898 5otherwiseprovidedinsubsection7ofsection104.1024. Ifamemberhasfewerthanfive
899899 6yearsofcreditedserviceuponterminationofmembership,suchformermember'scredited
900900 7serviceshallbeforfeited,providedthatifsuchformermemberbecomesreemployedina
901901 8positioncoveredbythesystem,suchformermembershallagainbecomeamemberofthe
902902 9systemandtheforfeitedcreditedserviceshallberestoredafterreceivingcreditableservice
903903 10continuouslyforoneyear.
904904 11 2.Uponamemberbecomingaretiree,membershipshallceaseand,exceptas
905905 12otherwiseprovidedinsection104.1039,thepersonshallnotagainbecomeamemberofthe
906906 13system.
907907 14 3.Ifavestedformermemberbecomesreemployedinapositioncoveredbythe
908908 15systembeforesuchvestedformermember'sannuitystartingdate,membershipshallbe
909909 16restoredwiththepreviouscreditedserviceandincreasedbysuchreemployment.
910910 104.1024.1.Anymemberwhoterminatesemploymentmayretireonorafter
911911 2attainingnormalretirementeligibilitybymakingapplicationinwrittenformandmanner
912912 3approvedbytheappropriateboard.Thewrittenapplicationshallsetforththeannuitystarting
913913 4datewhichshallnotbeearlierthanthefirstdayofthesecondmonthfollowingthemonthof
914914 HB2234 25 5theexecutionandfilingofthemember'sapplicationforretirementnorlaterthanthefirstday
915915 6ofthefourthmonthfollowingthemonthoftheexecutionandfilingofthemember's
916916 7applicationforretirement.Thepaymentoftheannuityshallbemadethelastworkingdayof
917917 8eachmonth,providingalldocumentationrequiredundersection104.1027forthecalculation
918918 9andpaymentofthebenefitsisreceivedbytheboard.
919919 10 2.Amember'sannuityshallbepaidintheformofalifeannuity,exceptasprovided
920920 11insection104.1027,andshallbeanamountforlifeequaltooneandseven-tenthspercentof
921921 12thefinalaveragepayofthemembermultipliedbythemember'syearsofcreditedservice.
922922 13 3.Thelifeannuitydefinedinsubsection2ofthissectionshallnotbelessthana
923923 14monthlyamountequaltofifteendollarsmultipliedbythemember'sfullyearsofcredited
924924 15service.
925925 16 4.Ifasoftheannuitystartingdateofamemberwhohasattainednormalretirement
926926 17eligibilitythesumofthemember'syearsofageandyearsofcreditedserviceequalseightyor
927927 18moreyearsandifthemember'sageisatleastforty-eightyearsbutlessthansixty-twoyears,
928928 19or,inthecaseofamemberofthehighwaypatrolwhoshallbesubjecttothemandatory
929929 20retirementprovisionofsection[104.080] 104.081, themandatoryretirementageand
930930 21completionoffiveyearsofcreditedservice,theninadditiontothelifeannuitydescribedin
931931 22subsection2ofthissection,themembershallreceiveatemporaryannuityequaltoeight-
932932 23tenthsofonepercentofthemember'sfinalaveragepaymultipliedbythemember'syearsof
933933 24creditedservice.Thetemporaryannuityandanycost-of-livingadjustmentsattributabletothe
934934 25temporaryannuitypursuanttosection104.1045shallterminateattheendofthecalendar
935935 26monthinwhichtheearlierofthefollowingeventsoccurs:themember'sdeathorthe
936936 27member'sattainmentoftheearliestageofeligibilityforreducedSocialSecurityretirement
937937 28benefits,butnolaterthanagesixty-two.
938938 29 5.Theannuitydescribedinsubsection2ofthissectionforanypersonwhohas
939939 30creditedservicenotcoveredbythefederalSocialSecurityAct,asprovidedin[sections
940940 31105.300to105.430] subdivision(1)ofsubsection7ofsection104.342, shallbecalculated
941941 32asfollows:thelifeannuityshallbeanamountequaltotwoandfive-tenthspercentofthe
942942 33finalaveragepayofthemembermultipliedbythenumberofyearsofservicenotcoveredby
943943 34thefederalSocialSecurityActinadditiontooneandseven-tenthspercentofthefinalaverage
944944 35payofthemembermultipliedbythemember'syearsofcreditedservicecoveredbythe
945945 36federalSocialSecurityAct.
946946 37 6.EffectiveJuly1,2002,anymember,exceptanelectedofficialoramemberofthe
947947 38generalassembly,whohasnotbeenpaidretirementbenefitsandcontinuesemploymentforat
948948 39leasttwoyearsbeyondthedateofnormalretirementeligibility,mayelecttoreceivean
949949 40annuityandlumpsumpaymentorpayments,determinedasfollows:
950950 HB2234 26 41 (1)Aretroactivestartingdateshallbeestablishedwhichshallbeadateselectedby
951951 42themember;provided,however,thattheretroactivestartingdateselectedbythemember
952952 43shallnotbeadatewhichisearlierthanthedatewhenanormalannuitywouldhavefirstbeen
953953 44payable.Inaddition,theretroactivestartingdateshallnotbemorethanfiveyearspriortothe
954954 45annuitystartingdate.Themember'sselectionofaretroactivestartingdateshallbedonein
955955 46twelve-monthincrements,exceptthisrestrictionshallnotapplywhenthememberselectsthe
956956 47totalavailabletimebetweentheretroactivestartingdateandtheannuitystartingdate;
957957 48 (2)Theprospectiveannuitypayableasoftheannuitystartingdateshallbe
958958 49determinedpursuanttotheprovisionsofthissection,withtheexceptionthatitshallbethe
959959 50amountwhichwouldhavebeenpayableattheannuitystartingdatehadthememberactually
960960 51retiredontheretroactivestartingdateundertheretirementplanselectedbythemember.
961961 52Otherthanforthelumpsumpaymentorpaymentsspecifiedinsubdivision(3)ofthis
962962 53subsection,nootheramountshallbeduefortheperiodbetweentheretroactivestartingdate
963963 54andtheannuitystartingdate;
964964 55 (3)Thelumpsumpayableshallbeninetypercentoftheannuityamountswhich
965965 56wouldhavebeenpaidtothememberfromtheretroactivestartingdatetotheannuitystarting
966966 57datehadthememberactuallyretiredontheretroactivestartingdateandreceivedalife
967967 58annuity.Themembershall[electto]receivethelumpsumamount[either] initsentiretyat
968968 59thesametimeastheinitialannuitypaymentismade[orinthreeequalannualinstallments
969969 60withthefirstpaymentmadeatthesametimeastheinitialannuitypayment]; and
970970 61 (4)[Anyannuitypayablepursuanttothissectionthatissubjecttoadivisionof
971971 62benefitorderpursuanttosection104.1051shallbecalculatedasfollows:
972972 63 (a)Anyserviceofamemberbetweentheretroactivestartingdateandtheannuity
973973 64startingdateshallnotbeconsideredcreditedserviceexceptforpurposesofcalculatingthe
974974 65divisionofbenefit;and
975975 66 (b)Thelumpsumpaymentdescribedinsubdivision(3)ofthissectionshallnotbe
976976 67subjecttoanydivisionofbenefitorder;and
977977 68 (5)]Forpurposesofdeterminingannualbenefitincreasespayableaspartofthelump
978978 69sumandannuityprovidedpursuanttothissection,theretroactivestartingdateshallbe
979979 70consideredthemember'sdateofretirement.
980980 71 7.Anyvestedformermemberwhoterminatedemploymentafterattaining
981981 72normalretirementeligibilityshallbeconsideredamemberforthepurposesofthis
982982 73section.
983983 104.1051.1.Anyannuityprovidedpursuanttotheyear2000planismaritalproperty
984984 2andacourtofcompetentjurisdictionmaydividesuchannuitybetweenthepartiestoany
985985 3actionfordissolutionofmarriageifatthetimeofthedissolutionthememberhasatleastfive
986986 HB2234 27 4yearsofcreditedservicepursuanttosections104.1003to104.1093.Adivisionofbenefits
987987 5orderissuedpursuanttothissection:
988988 6 (1)Shallnotrequiretheapplicableretirementsystemtoprovideanyformortypeof
989989 7annuityorretirementplannotselectedbythemember;
990990 8 (2)Shallnotrequiretheapplicableretirementsystemtocommencepaymentsuntil
991991 9themember'sannuitystartingdate;
992992 10 (3)Shallidentifythemonthlyamounttobepaidtotheformerspouse,whichshallbe
993993 11expressedasapercentageandwhichshallnotexceedfiftypercentoftheamountofthe
994994 12member'sannuityaccruedduringallorpartoftheperiodofthemarriageofthememberand
995995 13formerspouseexcludingserviceaccruedundersubsection2ofsection104.1021;and
996996 14whichshallbebasedonthemember'svestedannuityonthedateofthedissolutionof
997997 15marriageoranearlierdateasspecifiedintheorder,whichamountshallbeadjusted
998998 16proportionatelyupontheannuitystartingdateifthemember'sannuityisreducedduetothe
999999 17receiptofanearlyretirementannuityorthemember'sannuityisreducedpursuanttosection
10001000 18104.1027underanannuityoptioninwhichthemembernamedthealternatepayeeas
10011001 19beneficiarypriortothedissolutionofmarriage;
10021002 20 (4)Shallnotrequirethepaymentofanannuityamounttothememberandformer
10031003 21spousewhichintotalexceedstheamountwhichthememberwouldhavereceivedwithout
10041004 22regardtotheorder;
10051005 23 (5)Shallprovidethatanyannuityincreases,additionalyearsofcreditedservice,
10061006 24increasedfinalaveragepay,increasedpaypursuanttosubsections2and5ofsection
10071007 25104.1084,orothertypeofincreasesaccruedafterthedateofthedissolutionofmarriageand
10081008 26anytemporaryannuityreceivedpursuanttosubsection4ofsection104.1024shallaccrue
10091009 27solelytothebenefitofthemember;exceptthatonorafterSeptember1,2001,anycost-of-
10101010 28livingadjustment(COLA)dueaftertheannuitystartingdateshallnotbeconsideredtobean
10111011 29increaseaccruedafterthedateofterminationofmarriageandshallbepartofthemonthly
10121012 30amountsubjecttodivisionpursuanttoanyorderissuedafterSeptember1,2001;
10131013 31 (6)Shallterminateuponthedeathofeitherthememberortheformerspouse,
10141014 32whicheveroccursfirst;
10151015 33 (7)Shallnotcreateaninterestwhichisassignableorsubjecttoanylegalprocess;
10161016 34 (8)Shallincludethename,address,anddateofbirthofboththememberandthe
10171017 35formerspouse,andtheidentityoftheretirementsystemtowhichitapplies;
10181018 36 (9)Shallbeconsistentwithanyotherdivisionofbenefitsorderswhichareapplicable
10191019 37tothesamemember;
10201020 38 (10)Shallnotrequiretheapplicableretirementsystemtocontinuepaymentstothe
10211021 39alternatepayeeifthemember'sretirementbenefitissuspendedorwaivedasprovidedbythis
10221022 HB2234 28 40chapterbutsuchpaymentsshallresumewhentheretireebeginstoreceiveretirementbenefits
10231023 41inthefuture.
10241024 42 2.Asystemshallprovidethecourthavingjurisdictionofadissolutionofamarriage
10251025 43proceedingorthepartiestotheproceedingwithinformationnecessarytoissueadivisionof
10261026 44benefitsorderconcerningamemberofthesystem,uponwrittenrequestfromeitherthecourt,
10271027 45themember,orthemember'sspouse,citingthissectionandidentifyingthecasenumberand
10281028 46parties.
10291029 47 3.Asystemshallhavethediscretionaryauthoritytorejectadivisionofbenefitsorder
10301030 48forthefollowingreasons:
10311031 49 (1)Theorderdoesnotclearlystatetherightsofthememberandtheformerspouse;
10321032 50 (2)Theorderisinconsistentwithanylawgoverningtheretirementsystem.
10331033 51 4.Anymemberoftheclosedplanwhoelectedtheyear2000planpursuanttosection
10341034 52104.1015andthenbecomesdivorcedandsubjecttoadivisionofbenefitsordershallhavethe
10351035 53divisionofbenefitsordercalculatedpursuanttotheprovisionsoftheyear2000plan.
10361036 54 5.Anyannuitypayableundersection104.1024thatissubjecttoadivisionof
10371037 55benefitorderunderthissectionshallbecalculatedasfollows:
10381038 56 (1)Ininstancesofdivorceafterretirement,anyserviceorpayofamember
10391039 57betweentheretroactivestartingdateandtheannuitystartingdateshallnotbe
10401040 58consideredcreditableserviceorpay;and
10411041 59 (2)Thelump-sumpaymentdescribedinsubdivision(3)ofsubsection6ofsection
10421042 60104.1024shallnotbesubjecttoanydivisionofbenefitorder.
10431043 104.1060.1.Shouldanyerrorresultinanypersonreceivingmoreorlessthanthe
10441044 2personwouldhavebeenentitledtoreceivehadtheerrornotoccurred,theboardshallcorrect
10451045 3sucherror,and,asfaraspracticable,makefuturepaymentsinsuchamannerthattheactuarial
10461046 4equivalentoftheannuitytowhichsuchpersonwasentitledshallbepaid,andtothisendmay
10471047 5recoveranyoverpayments.Inallcasesinwhichsucherrorhasbeenmade,nosucherror
10481048 6shallbecorrectedunlessthesystemdiscoversorisnotifiedofsucherrorwithintenyearsafter
10491049 7the[initial] member'sannuitystartingdateorthedateoferror, whicheveroccurslater.
10501050 8Incasesoffraud,anyerrordiscoveredshallbecorrectedwithoutconcerntotheamount
10511051 9oftimethathaspassed.
10521052 10 2.Apersonwhoknowinglymakesafalsestatement,orfalsifiesorpermitstobe
10531053 11falsifiedarecordofthesystem,inanattempttodefraudthesystemshallbesubjecttofineor
10541054 12imprisonmentundertheMissourirevisedstatutes.
10551055 13 3.Aboardshallnotpayanannuitytoanysurvivororbeneficiarywhoischargedwith
10561056 14theintentionalkillingofamember,retireeorsurvivorwithoutlegalexcuseorjustification.A
10571057 15survivororbeneficiarywhoisconvictedofsuchchargeshallnolongerbeentitledtoreceive
10581058 16anannuity.Ifthesurvivororbeneficiaryisnotconvictedofsuchcharge,theboardshall
10591059 HB2234 29 17resumeannuitypaymentsandshallpaythesurvivororbeneficiaryanyannuitypaymentsthat
10601060 18weresuspendedpendingresolutionofsuchcharge.
10611061 104.1066.1.Theyear2000planintendstofollowafinancingpatternwhich
10621062 2computesandrequirescontributionamountswhich,expressedaspercentsofactivemember
10631063 3payroll,willremainapproximatelylevelfromyeartoyearandfromonegenerationof
10641064 4citizenstothenextgeneration.Suchcontributiondeterminationsrequireregularactuarial
10651065 5valuations,whichshallbemadebytheboard'sactuary,usingassumptionsandmethods
10661066 6adoptedbytheboardafterconsultingwithitsactuary.Theentryage-normalcostvaluation
10671067 7methodshallbeusedindeterminingthenormalcost[,andcontributionsforunfundedaccrued
10681068 8liabilitiesshallbedeterminedusinglevelpercent-of-payrollamortization] calculation. For
10691069 9purposesofthissubsectionandsection104.436,theactuaryshalldetermineasingle
10701070 10contributionrateapplicabletobothclosedplanandyear2000planparticipantsand,in
10711071 11determiningsuchrate,makeestimatesoftheprobabilitiesofclosedplanparticipants
10721072 12transferringtotheyear2000plan.
10731073 13 2.Atleastninetydaysbeforeeachregularsessionofthegeneralassembly,theboard
10741074 14oftheMissouristateemployees'retirementsystemshallcertifytothedivisionofbudgetthe
10751075 15contributionratenecessarytocovertheliabilitiesoftheyear2000planadministeredbysuch
10761076 16system,includingcostsofadministration,expectedtoaccrueduringthenextappropriation
10771077 17period.Thecommissionerofadministrationshallrequestappropriationsbaseduponthe
10781078 18contributionratesocertified.Fromappropriationssomade,thecommissionerof
10791079 19administrationshallcertifycontributionamountstothestatetreasurerwhointurnshall
10801080 20immediatelypaythecontributionstotheyear2000plan.
10811081 21 3.TheemployersofmemberscoveredbytheMissouristateemployees'retirement
10821082 22systemwhoarenotpaidoutoffundsthathavebeendepositedinthestatetreasuryshallremit
10831083 23followingeachpayperiodtotheyear2000plananamountequaltotheamountwhichthe
10841084 24statewouldhavepaidifthosemembershadbeenpaidentirelyfromstatefunds.Such
10851085 25employersshallmaintainpayrollrecordsforaminimumoffiveyearsandshallproduceall
10861086 26suchrecordsasrequestedbythesystem.Thesystemisauthorizedtorequestfromthestate
10871087 27officeofadministrationanappropriationoutoftheannualbudgetofanysuchemployerinthe
10881088 28eventsuchrecordsindicatethatsuchemployerhasnotcontributedtheamountsrequiredby
10891089 29thissection.Theofficeofadministrationshallrequestsuchappropriationwhichshallbe
10901090 30equaltotheamountnecessarytoreplaceanyshortfallincontributionsasdeterminedbythe
10911091 31system.Fromappropriationssomade,thecommissionerofadministrationshallcertify
10921092 32contributionamountstothestatetreasurerwhointurnshallimmediatelypaysuch
10931093 33contributionstotheyear2000plan.
10941094 34 4.Atleastninetydaysbeforeeachregularsessionofthegeneralassembly,theboard
10951095 35ofthetransportationdepartmentandhighwaypatrolretirementsystemshallcertifytothe
10961096 HB2234 30 36departmentoftransportationandthedepartmentofpublicsafetythecontributionrate
10971097 37necessarytocovertheliabilitiesoftheyear2000planadministeredbysuchsystem,including
10981098 38costsofadministration,expectedtoaccrueduringthenextbiennialorotherappropriation
10991099 39period.Eachdepartmentshallincludeinitsbudgetandinitsrequestforappropriationsfor
11001100 40personalservicethesumsocertifiedtoitbysuchboard,andshallpresentthesametothe
11011101 41generalassemblyforallowance.Thesumssocertifiedandappropriated,whenavailable,
11021102 42shallbeimmediatelypaidtothesystemanddepositedinthehighwayandtransportation
11031103 43employees'andhighwaypatrolretirementandbenefitfund.
11041104 44 5.Theseamountsarefundsoftheyear2000planandshallnotbecommingledwith
11051105 45anyfundsinthestatetreasury.
11061106 104.1072.1.Eachboardshallprovideorcontract,orboth,forlifeinsurancebenefits
11071107 2foremployeescoveredpursuanttotheyear2000planasfollows:
11081108 3 (1)Employeesshallbeprovidedfifteenthousanddollarsoflifeinsuranceuntil
11091109 4December31,2000.EffectiveJanuary1,2001,thesystemshallprovideorcontractorboth
11101110 5forbasiclifeinsuranceforemployeescoveredunderanyretirementplanadministeredbythe
11111111 6systempursuanttothischapter,personscoveredbysections287.812to287.856,for
11121112 7employeeswhoaremembersofthejudicialretirementsystemasprovidedinsection476.590,
11131113 8and,attheelectionofthestatehighwaysandtransportationcommission,employeeswhoare
11141114 9membersofthe[highwaysand]Missouridepartmentoftransportation[employees'] and
11151115 10highwaypatrolemployees'retirementsystem,intheamountequaltoonetimesannualpay,
11161116 11subjecttoaminimumamountoffifteenthousanddollars.Theboardshallestablishbyruleor
11171117 12contractthemethodfordeterminingtheannualrateofpayandanyothertermsofsuch
11181118 13insuranceasitdeemsnecessarytoimplementtherequirementspursuanttothissection.
11191119 14Annualrateofpayshallnotincludeovertimeoranyotherirregularpaymentsasdetermined
11201120 15bytheboard.Suchlifeinsuranceshallprovidefortripleindemnityintheeventthecauseof
11211121 16deathisaproximateresultofapersonalinjuryordiseasearisingoutofandinthecourseof
11221122 17actualperformanceofdutyasanemployee;
11231123 18 (2)Anymemberwhoterminatesemploymentafterreachingnormalorearly
11241124 19retirementeligibilityandbecomesaretireewithin[sixty] sixty-fivedaysofsuchtermination
11251125 20shallreceivefivethousanddollarsoflifeinsurancecoverage.
11261126 21 2.(1)Inadditiontothelifeinsuranceauthorizedbytheprovisionsofsubsection1of
11271127 22thissection,anypersonforwhomlifeinsuranceisprovidedorcontractedforpursuanttosuch
11281128 23subsectionmaypurchase,attheperson'sownexpenseandonlyifmonthlyvoluntarypayroll
11291129 24deductionsareauthorized,additionallifeinsuranceatacosttobestipulatedinacontractwith
11301130 25aprivateinsurancecompanyorasmayberequiredbyasystemiftheboardoftrustees
11311131 26determinesthatthesystemshouldprovidesuchinsuranceitself.Themaximumamountof
11321132 27additionallifeinsurancewhichmaybesopurchasedpriortoJanuary1,2004,isthatamount
11331133 HB2234 31 28whichequalssixtimestheamountoftheperson'sannualrateofpay,subjecttoanymaximum
11341134 29establishedbyaboard,exceptthatifsuchmaximumamountisnotevenlydivisiblebyone
11351135 30thousanddollars,thenthemaximumamountofadditionalinsurancewhichmaybepurchased
11361136 31isthenexthigheramountevenlydivisiblebyonethousanddollars.Themaximumamountof
11371137 32additionallifeinsurancewhichmaybesopurchasedonorafterJanuary1,2004,isanamount
11381138 33tobestipulatedinacontractwithaprivateinsurancecompanyorasmayberequiredbythe
11391139 34systemiftheboardoftrusteesdeterminesthatthesystemshouldprovidetheinsuranceitself.
11401140 35 (2)Anypersondefinedinsubdivision(1)ofthissubsectionmayretainanamountnot
11411141 36toexceedsixtythousanddollarsoflifeinsurancefollowingthedateofhisorherretirementif
11421142 37suchpersonbecomesaretireethemonthfollowingterminationofemploymentandmakes
11431143 38writtenapplicationforsuchlifeinsuranceatthesametimesuchperson'sapplicationismade
11441144 39totheboardforretirementbenefits.Suchlifeinsuranceshallonlybeprovidedifsuchperson
11451145 40paystheentirecostoftheinsurance,asdeterminedbytheboard,byallowingvoluntary
11461146 41deductionsfromthemember'sannuity.
11471147 42 (3)Inadditiontothelifeinsuranceauthorizedinsubdivision(1)ofthissubsection,
11481148 43anypersonforwhomlifeinsuranceisprovidedorcontractedforpursuanttothissubsection
11491149 44maypurchase,attheperson'sownexpenseandonlyifmonthlyvoluntarypayrolldeductions
11501150 45areauthorized,lifeinsurancecoveringtheperson'schildrenortheperson'sspouseorbothat
11511151 46coverageamountstobedeterminedbytheboardatacosttobestipulatedinacontractwitha
11521152 47privateinsurerorasmayberequiredbythesystemiftheboardoftrusteesdeterminesthatthe
11531153 48systemshouldprovidesuchinsuranceitself.
11541154 49 (4)EffectiveJuly1,2000,anymemberwhoappliesandiseligibletoreceivean
11551155 50annuitybasedontheattainmentofatleastforty-eightyearsofagewithatotalofyearsofage
11561156 51andyearsofcreditedservicewhichisatleasteightyshallbeeligibletoretainanyoptional
11571157 52lifeinsurancedescribedinsubdivision(1)ofthissubsection.Theamountofsuchretained
11581158 53insuranceshallnotbegreaterthantheamountineffectduringthemonthpriortotermination
11591159 54ofemployment.Suchinsurancemayberetaineduntilthemember'sattainmentoftheearliest
11601160 55ageforeligibilityforreducedSocialSecurityretirementbenefitsbutnolaterthanagesixty-
11611161 56two,atwhichtimetheamountofsuchinsurancethatmayberetainedshallbethatamount
11621162 57permittedpursuanttosubdivision(2)ofthissubsection.
11631163 58 3.Thestatehighwaysandtransportationcommissionmayprovideforinsurance
11641164 59benefitstocovermedicalexpensesformembersofthe[highwaysand]Missouridepartment
11651165 60oftransportation[employees'] andhighwaypatrolemployees'retirementsystem.Thestate
11661166 61highwaysandtransportationcommissionmayprovidemedicalbenefitsfordependentsof
11671167 62membersandforretiredmembers.Contributionsbythestatehighwaysandtransportation
11681168 63commissiontoprovidethebenefitsshallbeonthesamebasisasprovidedforotherstate
11691169 64employeespursuanttotheprovisionsofsection104.515.Exceptasotherwiseprovidedby
11701170 HB2234 32 65law,thecostofbenefitsfordependentsofmembersandforretireesandtheirdependentsshall
11711171 66bepaidbythemembersorretirees.Thecommissionmaycontractwithotherpersonsor
11721172 67entitiesincludingbutnotlimitedtothird-partyadministrators,healthnetworkprovidersand
11731173 68healthmaintenanceorganizationsforall,oranypartof,thebenefitsprovidedforinthis
11741174 69section.Thecommissionmayrequirereimbursementofanymedicalclaimspaidbythe
11751175 70commission'smedicalplanforwhichtherewasthird-partyliability.
11761176 71 4.The[highwaysand]Missouridepartmentoftransportation[employees'] and
11771177 72highwaypatrolemployees'retirementsystemmayrequestthestatehighwaysand
11781178 73transportationcommissiontoprovidelifeinsurancebenefitsasrequiredinsubsections1
11791179 74and2ofthissection.Ifthestatehighwaysandtransportationcommissionagreestothe
11801180 75request,the[highwaysand]Missouridepartmentoftransportation[employees'] and
11811181 76highwaypatrolemployees'retirementsystemshallreimbursethestatehighwaysand
11821182 77transportationcommissionforanyandallcostsforlifeinsuranceprovidedpursuantto
11831183 78subdivision(2)ofsubsection1ofthissection.Thepersonwhoiscoveredpursuantto
11841184 79subsection2ofthissectionshallbesolelyresponsibleforthecostsofanyadditionallife
11851185 80insurance.Inlieuofthelifeinsurancebenefitinsubdivision(2)ofsubsection1ofthis
11861186 81section,the[highwaysand]Missouridepartmentoftransportation[employees'] and
11871187 82highwaypatrolemployees'retirementsystemisauthorizedinitssolediscretiontoprovidea
11881188 83deathbenefitoffivethousanddollars.
11891189 84 5.Totheextentthattheboardentersorhasenteredintoanycontractwithanyinsurer
11901190 85orserviceorganizationtoprovidelifeinsuranceprovidedforpursuanttothissection:
11911191 86 (1)Theobligationtoprovidesuchlifeinsuranceshallbeprimarilythatoftheinsurer
11921192 87orserviceorganizationandsecondarilythatoftheboard;
11931193 88 (2)Anymemberwhohasbeendeniedlifeinsurancebenefitsbytheinsurerorservice
11941194 89organizationandhasexhaustedallappealproceduresprovidedbytheinsurerorservice
11951195 90organizationmayappealsuchdecisionbyfilingapetitionagainsttheinsurerorservice
11961196 91organizationinacourtoflawinthemember'scountyofresidence;and
11971197 92 (3)Theboardandthesystemshallnotbeliableforlifeinsurancebenefitsprovided
11981198 93byaninsurerorserviceorganizationpursuanttothissectionandshallnotbesubjecttoany
11991199 94causeofactionwithregardtolifeinsurancebenefitsorthedenialoflifeinsurancebenefitsby
12001200 95theinsurerorserviceorganizationunlessthememberhasobtainedjudgmentagainstthe
12011201 96insurerorserviceorganizationforlifeinsurancebenefitsandtheinsurerorservice
12021202 97organizationisunabletosatisfythatjudgment.
12031203 104.1084.1.Formembersofthegeneralassembly,theprovisionsofthissection
12041204 2shallsupplementorreplacetheindicatedotherprovisionsoftheyear2000plan."Normal
12051205 3retirementeligibility"meansattainmentofagefifty-fiveforamemberwhohasservedatleast
12061206 4threefullbiennialassembliesortheattainmentofatleastagefiftyforamemberwhohas
12071207 HB2234 33 5servedatleastthreefullbiennialassemblieswithatotalofyearsofageandyearsofcredited
12081208 6servicewhichisatleasteighty.Amembershallreceivetwoyearsofcreditedservicefor
12091209 7everyfullbiennialassemblyserved.Afullbiennialassemblyshallbeequaltotheperiodof
12101210 8timebeginningonthefirstdaythegeneralassemblyconvenesforafirstregularsessionuntil
12111211 9thelastdayofthefollowingyear.Ifamemberserveslessthanafullbiennialassembly,the
12121212 10membershallreceivecreditedservicefortheprorataportionofthefullbiennialassembly
12131213 11served.
12141214 12 2.Forthepurposesofsection104.1024,thenormalretirementannuityofamember
12151215 13ofthegeneralassemblyshallbeanamountforlifeequaltoonetwenty-fourthofthemonthly
12161216 14payforasenatororrepresentativeontheannuitystartingdatemultipliedbytheyearsof
12171217 15creditedserviceasamemberofthegeneralassembly.Innoeventshallanysuchmemberor
12181218 16eligiblebeneficiaryreceiveannuityamountsinexcessofonehundredpercentofpay.
12191219 17 3.Tobecoveredbytheprovisionsofsection104.1030,orsection104.1036,a
12201220 18memberofthegeneralassemblymusthaveservedatleastthreefullbiennialassemblies.
12211221 19 4.Formemberswhoarestatewideelectedofficials,theprovisionsofthissection
12221222 20shallsupplementorreplacetheindicatedotherprovisionsoftheyear2000plan."Normal
12231223 21retirementeligibility"meansattainmentofagefifty-fiveforamemberwhohasservedatleast
12241224 22fouryearsasastatewideelectedofficial,ortheattainmentofagefiftywithatotalofyearsof
12251225 23ageandyearsofsuchcreditedservicewhichisatleasteighty.
12261226 24 5.Forthepurposesofsection104.1024,thenormalretirementannuityofamember
12271227 25whoisastatewideelectedofficialshallbeanamountforlifeequaltoonetwenty-fourthofthe
12281228 26monthlypayinthehighestofficeheldbysuchmemberontheannuitystartingdatemultiplied
12291229 27bytheyearsofcreditedserviceasastatewideelectedofficialnottoexceedtwelveyears.
12301230 28 6.Tobecoveredbytheprovisionsofsections104.1030and104.1036,amemberwho
12311231 29isastatewideelectedofficialmusthaveatleastfouryearsasastatewideelectedofficial.
12321232 30 7.Theprovisionsofsection104.1045shallnotapplytopersonscoveredbythe
12331233 31generalassemblyandstatewideelectedofficialprovisionsofthissection.Personscoveredby
12341234 32thegeneralassemblyprovisionsandreceivingayear2000planannuityshallbeentitledtoa
12351235 33cost-of-livingadjustment(COLA)whenthereareincreasesinpayformembersofthegeneral
12361236 34assembly.Personscoveredbythestatewideelectedofficialprovisionsandreceivingayear
12371237 352000planannuityshallbeentitledtoCOLAswhenthereareincreasesinthepayfor
12381238 36statewideelectedofficialsinthehighestofficeheldbysuchperson.TheCOLAdescribedin
12391239 37thissubsectionshallbeequaltoandconcurrentwiththepercentageincreaseinpayas
12401240 38describedinsection105.005.NoCOLAshallbelessthanzero.
12411241 39 8.Anymemberwhoservesunderthischapterasamemberofthegeneralassemblyor
12421242 40asastatewideelectedofficialonorafterAugust28,1999,shallnotbeeligibletoreceiveany
12431243 41retirementbenefitsfromthesystemundereithertheclosedplanortheyear2000planbased
12441244 HB2234 34 42onservicerenderedonorafterAugust28,1999,asamemberofthegeneralassemblyorasa
12451245 43statewideelectedofficialifsuchmemberisconvictedofafelonythatisdeterminedbyacourt
12461246 44oflawtohavebeencommittedinconnectionwiththemember'sdutieseitherasamemberof
12471247 45thegeneralassemblyorasastatewideelectedofficial,unlesssuchconvictionislaterreversed
12481248 46byacourtoflaw.
12491249 47 9.Amemberofthegeneralassemblywhohaspurchasedortransferredcreditable
12501250 48serviceshallnotbesubjecttothecaponbenefitspursuanttosubsection2ofthissectionfor
12511251 49thatportionofthebenefitattributabletothepurchasedortransferredservice.
12521252 50 10.Forthepurposesofsection104.1042,theservicecreditaccruedbyamember
12531253 51ofthegeneralassemblywhilereceivinglong-termdisabilitybenefitsshallcontinueto
12541254 52accrueuntiltheearliestreceiptofattainmentofnormalretirementageeligibility,
12551255 53terminationofdisabilitybenefits,ortheendofthemember'sconstitutionallymandated
12561256 54limitonserviceasamemberofthegeneralassemblyforthechamberinwhichthe
12571257 55memberwasservingatthetimeofdisablement.
12581258 56 11.Forthepurposesofsection104.1042,theservicecreditaccruedbya
12591259 57statewideelectedofficialwhilereceivinglong-termdisabilitybenefitsshallcontinueto
12601260 58accrueuntiltheearliestofattainmentofnormalretirementageeligibility,termination
12611261 59ofdisabilitybenefits,ortheendofthestatewideelectedofficial'sconstitutionally
12621262 60mandatedlimitonserviceasastatewideelectedofficialfortheofficeinwhichthe
12631263 61statewideelectedofficialwasservingatthetimeofdisablement.
12641264 104.1091.1.Notwithstandinganyprovisionoftheyear2000plantothecontrary,
12651265 2eachpersonwhofirstbecomesanemployeeonorafterJanuary1,2011,shallbeamemberof
12661266 3theyear2000plansubjecttotheprovisionsofthissection.
12671267 4 2.Amember'snormalretirementeligibilityshallbeasfollows:
12681268 5 (1)Themember'sattainmentofatleastagesixty-sevenandthecompletionofatleast
12691269 6tenyearsofcreditedservice;orthemember'sattainmentofatleastagefifty-fivewiththesum
12701270 7ofthemember'sageandcreditedserviceequalingatleastninety;or,inthecaseofamember
12711271 8whoisservingasauniformedmemberofthehighwaypatrolandsubjecttothemandatory
12721272 9retirementprovisionsofsection104.081,suchmember'sattainmentofatleastagesixtyorthe
12731273 10attainmentofatleastagefifty-fivewithtenyearsofcreditedservice;
12741274 11 (2)Formembersofthegeneralassembly,themember'sattainmentofatleastage
12751275 12sixty-twoandthecompletionofatleastthreefullbiennialassemblies;orthemember's
12761276 13attainmentofatleastagefifty-fivewiththesumofthemember'sageandcreditedservice
12771277 14equalingatleastninety;
12781278 15 (3)Forstatewideelectedofficials,theofficial'sattainmentofatleastagesixty-two
12791279 16andthecompletionofatleastfouryearsofcreditedservice;ortheofficial'sattainmentofat
12801280 HB2234 35 17leastagefifty-fivewiththesumoftheofficial'sageandcreditedserviceequalingatleast
12811281 18ninety.
12821282 19 3.Avestedformermember'snormalretirementeligibilityshallbebasedonthe
12831283 20attainmentofatleastagesixty-sevenandthecompletionofatleasttenyearsofcredited
12841284 21service.
12851285 22 4.Atemporaryannuitypaidpursuanttosubsection4ofsection104.1024shallbe
12861286 23payableifthememberhasattainedatleastagefifty-fivewiththesumofthemember'sage
12871287 24andcreditedserviceequalingatleastninety;orinthecaseofamemberwhoisservingasa
12881288 25uniformedmemberofthehighwaypatrolandsubjecttothemandatoryretirementprovisions
12891289 26ofsection104.081,thetemporaryannuityshallbepayableifthememberhasattainedatleast
12901290 27agesixty,oratleastagefifty-fivewithtenyearsofcreditedservice.
12911291 28 5.Amember,otherthanamemberwhoisservingasauniformedmemberofthe
12921292 29highwaypatrolandsubjecttothemandatoryretirementprovisionsofsection104.081,shall
12931293 30beeligibleforanearlyretirementannuityupontheattainmentofatleastagesixty-twoand
12941294 31thecompletionofatleasttenyearsofcreditedservice.Avestedformermemberwho
12951295 32terminatedemploymentpriortotheattainmentofearlyretirementeligibilityshallnotbe
12961296 33eligibleforearlyretirement.
12971297 34 6.Theprovisionsofsubsection6ofsection104.1021andsection104.344asapplied
12981298 35pursuanttosubsection7ofsection104.1021andsection104.1090shallnotapplytomembers
12991299 36coveredbythissection.
13001300 37 7.Theminimumcreditedservicerequirementsoffiveyearscontainedinsections
13011301 38104.1018,104.1030,104.1036,and104.1051shallbetenyearsformemberscoveredbythis
13021302 39section.Thenormalandearlyretirementeligibilityrequirementsinthissectionshallapply
13031303 40forpurposesofadministeringsection104.1087.
13041304 41 8.Amembershallberequiredtocontributefourpercentofthemember'spaytothe
13051305 42retirementsystem,whichshallstandtothemember'screditinhisorherindividualaccount
13061306 43withthesystem,togetherwithinvestmentcreditsthereon,forpurposesoffundingretirement
13071307 44benefitspayableundertheyear2000plan,subjecttothefollowingprovisions:
13081308 45 (1)ThestateofMissouriemployer,pursuanttotheprovisionsof26U.S.C.Section
13091309 46414(h)(2),shallpickupandpaythecontributionsthatwouldotherwisebepayablebythe
13101310 47memberunderthissection.Thecontributionssopickedupshallbetreatedasemployer
13111311 48contributionsforpurposesofdeterminingthemember'spaythatisincludableinthemember's
13121312 49grossincomeforfederalincometaxpurposes;
13131313 50 (2)Membercontributionspickedupbytheemployershallbepaidfromthesame
13141314 51sourceoffundsusedforthepaymentofpaytoamember.Adeductionshallbemadefrom
13151315 52eachmember'spayequaltotheamountofthemember'scontributionspickedupbythe
13161316 HB2234 36 53employer.Thisdeduction,however,shallnotreducethemember'spayforpurposesof
13171317 54computingbenefitsundertheretirementsystempursuanttothischapter;
13181318 55 (3)Membercontributionssopickedupshallbecreditedtoaseparateaccountwithin
13191319 56themember'sindividualaccountsothattheamountscontributedpursuanttothissectionmay
13201320 57bedistinguishedfromtheamountscontributedonanafter-taxbasis;
13211321 58 (4)Thecontributions,althoughdesignatedasemployeecontributions,shallbepaid
13221322 59bytheemployerinlieuofthecontributionsbythemember.Themembershallnothavethe
13231323 60optionofchoosingtoreceivethecontributedamountsdirectlyinsteadofhavingthempaidby
13241324 61theemployertotheretirementsystem;
13251325 62 (5)InterestshallbecreditedannuallyonJunethirtiethbasedonthevalueinthe
13261326 63accountasofJulyfirstoftheimmediatelyprecedingyearatarateoffourpercent.Effective
13271327 64June30,2014,andeachJunethirtieththereafter,theinterestcreditingrateshallbeequalto
13281328 65theinvestmentratethatispublishedbytheUnitedStatesDepartmentofTreasury,orits
13291329 66successoragency,forfifty-twoweektreasurybillsfortherelevantauctionthatisnearestto
13301330 67theprecedingJulyfirst,orasuccessortreasurybillinvestmentrateasapprovedbytheboard
13311331 68ifthefifty-twoweektreasurybillisnolongerissued.Interestcreditsshallceaseupon
13321332 69terminationofemploymentifthememberisnotavestedformermember.Otherwise,interest
13331333 70creditsshallceaseuponretirementordeath;
13341334 71 (6)Avestedformermemberoraformermemberwhoisnotvestedmayrequesta
13351335 72refundofhisorhercontributionsandinterestcreditedthereon.Ifsuchmemberismarriedat
13361336 73thetimeofsuchrequest,suchrequestshallnotbeprocessedwithoutconsentfromthespouse.
13371337 74Suchmemberisnoteligibletorequestarefundifsuchmember'sretirementbenefitissubject
13381338 75toadivisionofbenefitorderpursuanttosection104.1051.Suchrefundshallbepaidbythe
13391339 76system[after] withinanadministrativelyreasonableperiod,butnosoonerthanninety
13401340 77daysfromthedateofterminationofemployment[ortherequest,whicheverislater,and].
13411341 78Theamountrefundedshallincludeallemployeecontributionsmadetoanyretirementplan
13421342 79administeredbythesystemandinterestcreditedthereon.Avestedformermembermaynot
13431343 80requestarefundaftersuchmemberbecomeseligiblefornormalretirement.Avestedformer
13441344 81memberoraformermemberwhoisnotvestedwhoreceivesarefundshallforfeitallthe
13451345 82member'screditedserviceandfuturerightstoreceivebenefitsfromthesystemandshallnot
13461346 83beeligibletoreceiveany[long-term] disabilitybenefits;providedthatanymemberorvested
13471347 84formermemberreceiving[long-term] disabilitybenefitsshallnotbeeligibleforarefund.If
13481348 85suchmembersubsequentlybecomesanemployeeandworkscontinuouslyforatleastone
13491349 86year,thecreditedservicepreviouslyforfeitedshallberestoredifthememberreturnstothe
13501350 87systemtheamountpreviouslyrefundedplusinterestatarateestablishedbytheboard;
13511351 88 (7)Thebeneficiaryofanymemberwhomadecontributionsshallreceivearefund
13521352 89uponthemember'sdeathequaltotheamount,ifany,ofsuchcontributionsandinterest
13531353 HB2234 37 90creditedthereonlessanyretirementbenefitsreceivedbythememberunlessanannuityis
13541354 91payabletoasurvivororbeneficiaryasaresultofthemember'sdeath.Inthatevent,the
13551355 92beneficiaryofthesurvivororbeneficiarywhoreceivedtheannuityshallreceivearefund
13561356 93uponthesurvivor'sorbeneficiary'sdeathequaltotheamount,ifany,ofthemember's
13571357 94contributionslessanyannuityamountsreceivedbythememberandthesurvivoror
13581358 95beneficiary.
13591359 96 9.Theemployeecontributionrate,thebenefitsprovidedundertheyear2000planto
13601360 97memberscoveredunderthissection,andanyotherprovisionoftheyear2000planwith
13611361 98regardtomemberscoveredunderthissectionmaybealtered,amended,increased,decreased,
13621362 99orrepealed,butonlywithrespecttoservicesrenderedbythememberaftertheeffectivedate
13631363 100ofsuchalteration,amendment,increase,decrease,orrepeal,or,withrespecttointerest
13641364 101credits,forperiodsoftimeaftertheeffectivedateofsuchalteration,amendment,increase,
13651365 102decrease,orrepeal.
13661366 103 10.Forpurposesofmemberscoveredbythissection,theoptionsundersection
13671367 104104.1027shallbeasfollows:
13681368 105 Option1.
13691369 106 Aretiree'slifeannuityshallbereducedtoacertainpercentoftheannuityotherwise
13701370 107payable.Suchpercentshallbeeighty-eightandonehalfpercentadjustedasfollows:ifthe
13711371 108retiree'sageontheannuitystartingdateisyoungerthansixty-sevenyears,anincreaseof
13721372 109three-tenthsofonepercentforeachyeartheretiree'sageisyoungerthanagesixty-seven
13731373 110years;andifthebeneficiary'sageisyoungerthantheretiree'sageontheannuitystartingdate,
13741374 111adecreaseofthree-tenthsofonepercentforeachyearofagedifference;andiftheretiree's
13751375 112ageisyoungerthanthebeneficiary'sageontheannuitystartingdate,anincreaseofthree-
13761376 113tenthsofonepercentforeachyearofagedifference;provided,afteralladjustmentsthe
13771377 114option1percentcannotexceedninety-fourandonequarterpercent.Upontheretiree'sdeath,
13781378 115fiftypercentoftheretiree'sreducedannuityshallbepaidtosuchbeneficiarywhowasthe
13791379 116retiree'sspouseontheannuitystartingdateorasotherwiseprovidedbysubsection5ofthis
13801380 117section.
13811381 118 Option2.
13821382 119 Aretiree'slifeannuityshallbereducedtoacertainpercentoftheannuityotherwise
13831383 120payable.Suchpercentshallbeeighty-onepercentadjustedasfollows:iftheretiree'sageon
13841384 121theannuitystartingdateisyoungerthansixty-sevenyears,anincreaseoffour-tenthsofone
13851385 122percentforeachyeartheretiree'sageisyoungerthansixty-sevenyears;andifthe
13861386 123beneficiary'sageisyoungerthantheretiree'sageontheannuitystartingdate,adecreaseof
13871387 124five-tenthsofonepercentforeachyearofagedifference;andiftheretiree'sageisyounger
13881388 125thanthebeneficiary'sageontheannuitystartingdate,anincreaseoffive-tenthsofone
13891389 126percentforeachyearofagedifference;provided,afteralladjustmentstheoption2percent
13901390 HB2234 38 127cannotexceedeighty-sevenandthreequarterpercent.Upontheretiree'sdeathonehundred
13911391 128percentoftheretiree'sreducedannuityshallbepaidtosuchbeneficiarywhowastheretiree's
13921392 129spouseontheannuitystartingdateorasotherwiseprovidedbysubsection5ofthissection.
13931393 130 Option3.
13941394 131 Aretiree'slifeannuityshallbereducedtoninety-threepercentoftheannuity
13951395 132otherwisepayable.Iftheretireediesbeforehavingreceivedonehundredtwentymonthly
13961396 133payments,thereducedannuityshallbecontinuedfortheremainderoftheonehundred
13971397 134twenty-monthperiodtotheretiree'sdesignatedbeneficiaryprovidedthatifthereisno
13981398 135beneficiarysurvivingtheretiree,thepresentvalueoftheremainingannuitypaymentsshallbe
13991399 136paidasprovidedundersubsection3ofsection104.620.Ifthebeneficiarysurvivestheretiree
14001400 137butdiesbeforereceivingtheremainderofsuchonehundredtwentymonthlypayments,the
14011401 138presentvalueoftheremainingannuitypaymentsshallbepaidasprovidedundersubsection3
14021402 139ofsection104.620.
14031403 140 Option4.
14041404 141 Aretiree'slifeannuityshallbereducedtoeighty-sixpercentoftheannuityotherwise
14051405 142payable.Iftheretireediesbeforehavingreceivedonehundredeightymonthlypayments,the
14061406 143reducedannuityshallbecontinuedfortheremainderoftheonehundredeighty-monthperiod
14071407 144totheretiree'sdesignatedbeneficiaryprovidedthatifthereisnobeneficiarysurvivingthe
14081408 145retiree,thepresentvalueoftheremainingannuitypaymentsshallbepaidasprovidedunder
14091409 146subsection3ofsection104.620.Ifthebeneficiarysurvivestheretireebutdiesbefore
14101410 147receivingtheremainderofsuchonehundredeightymonthlypayments,thepresentvalueof
14111411 148theremainingannuitypaymentsshallbepaidasprovidedundersubsection3ofsection
14121412 149104.620.
14131413 150 11.Theprovisionsofsubsection6ofsection104.1024shallnotapplytomembers
14141414 151coveredbythissection.
14151415 152 12.EffectiveJanuary1,2018,amemberwhoisnotastatewideelectedofficialora
14161416 153memberofthegeneralassemblyshallbeeligibleforretirementunderthissubsectionsubject
14171417 154tothefollowingconditions:
14181418 155 (1)Amember'snormalretirementeligibilityshallbebasedontheattainmentofat
14191419 156leastagesixty-sevenandthecompletionofatleastfiveyearsofcreditedservice;orthe
14201420 157member'sattainmentofatleastagefifty-fivewiththesumofthemember'sageandcredited
14211421 158serviceequalingatleastninety;orinthecaseofamemberwhoisservingasauniformed
14221422 159memberofthehighwaypatrolandsubjecttothemandatoryretirementprovisionsofsection
14231423 160104.081,suchmember'sattainmentofatleastagesixtyortheattainmentofatleastagefifty-
14241424 161fivewithfiveyearsofcreditedservice;
14251425 162 (2)Avestedformermember'snormalretirementeligibilityshallbebasedonthe
14261426 163attainmentofatleastagesixty-sevenandthecompletionofatleastfiveyearsofcredited
14271427 HB2234 39 164service;exceptthat,avestedformermemberwhoterminatesemploymentafterthe
14281428 165attainmentofnormalretirementeligibilityasdefinedinsubdivision(1)ofthis
14291429 166subsectionshallbecoveredundersuchsubdivision;
14301430 167 (3)Atemporaryannuitypaidundersubsection4ofsection104.1024shallbepayable
14311431 168ifthememberhasattainedatleastagefifty-fivewiththesumofthemember'sageand
14321432 169creditedserviceequalingatleastninety;orinthecaseofamemberwhoisservingasa
14331433 170uniformedmemberofthehighwaypatrolandsubjecttothemandatoryretirementprovisions
14341434 171ofsection104.081,thetemporaryannuityshallbepayableifthememberhasattainedatleast
14351435 172agesixty,oratleastagefifty-fivewithfiveyearsofcreditedservice;
14361436 173 (4)Amember,otherthanamemberwhoisservingasauniformedmemberofthe
14371437 174highwaypatrolandsubjecttothemandatoryretirementprovisionsofsection104.081,shall
14381438 175beeligibleforanearlyretirementannuityupontheattainmentofatleastagesixty-twoand
14391439 176thecompletionofatleastfiveyearsofcreditedservice.Avestedformermemberwho
14401440 177terminatedemploymentpriortotheattainmentofearlyretirementeligibilityshallnotbe
14411441 178eligibleforearlyretirement;
14421442 179 (5)Thenormalandearlyretirementeligibilityrequirementsinthissubsectionshall
14431443 180applyforpurposesofadministeringsection104.1087;
14441444 181 (6)Thesurvivorannuitypayableundersection104.1030forvestedformermembers
14451445 182whoterminatedemploymentpriortotheattainmentofearlyretirementeligibilityand
14461446 183whoarecoveredbythissectionshallnotbepayableuntilthedeceasedmemberwouldhave
14471447 184reachedhisorhernormalretirementeligibilityunderthissubsection;
14481448 185 (7)Theannualcost-of-livingadjustmentpayableundersection104.1045shallnot
14491449 186commenceuntilthesecondanniversaryof[avestedformermember's] theannuitystarting
14501450 187dateforvestedformermemberswhoterminatedemploymentpriortotheattainmentof
14511451 188earlyretirementeligibilityandwhoarecoveredbythissubsection;
14521452 189 (8)Theunusedsickleavecreditgrantedundersubsection2ofsection104.1021shall
14531453 190notapplytomemberscoveredbythissubsectionunlessthememberterminatesemployment
14541454 191afterreachingnormalretirementeligibilityorbecomingeligibleforanearlyretirement
14551455 192annuityunderthissubsection;and
14561456 193 (9)Theminimumcreditedservicerequirementsoffiveyearscontainedinsections
14571457 194104.1018,104.1030,104.1036,and104.1051shallbefiveyearsformemberscoveredbythis
14581458 195subsection.
14591459 476.521.1.Notwithstandinganyprovisionofchapter476tothecontrary,each
14601460 2personwhofirstbecomesajudgeonorafterJanuary1,2011,andcontinuestobeajudgemay
14611461 3receivebenefitsasprovidedinsections476.445to476.688subjecttotheprovisionsofthis
14621462 4section.
14631463 HB2234 40 5 2.Anypersonwhoisatleastsixty-sevenyearsofage,hasservedinthisstatean
14641464 6aggregateofatleasttwelveyears,continuouslyorotherwise,asajudge,andceasestohold
14651465 7officebyreasonoftheexpirationofthejudge'sterm,voluntaryresignation,orretirement
14661466 8pursuanttotheprovisionsofSubsection2ofSection24ofArticleVoftheConstitutionof
14671467 9Missourimayreceivebenefitsasprovidedinsections476.515to476.565.Thetwelve-year
14681468 10requirementofthissubsectionmaybefulfilledbyserviceasjudgeinanyofthecourts
14691469 11covered,orbyserviceinanycombinationasjudgeofsuchcourts,totalinganaggregateof
14701470 12twelveyears.Anyjudgewhoisatleastsixty-sevenyearsofageandwhohasservedlessthan
14711471 13twelveyearsandisotherwisequalifiedundersections476.515to476.565mayretireafter
14721472 14reachingagesixty-seven,orthereafter,atareducedretirementcompensationinasumequal
14731473 15totheproportionoftheretirementcompensationprovidedinsection476.530thathisorher
14741474 16periodofjudicialservicebearstotwelveyears.
14751475 17 3.Anypersonwhoisatleastsixty-twoyearsofageorolder,hasservedinthisstate
14761476 18anaggregateofatleasttwentyyears,continuouslyorotherwise,asajudge,andceasestohold
14771477 19officebyreasonoftheexpirationofthejudge'sterm,voluntaryresignation,orretirement
14781478 20pursuanttotheprovisionsofSubsection2ofSection24ofArticleVoftheConstitutionof
14791479 21Missourimayreceivebenefitsasprovidedinsections476.515to476.565.Thetwenty-year
14801480 22requirementofthissubsectionmaybefulfilledbyserviceasajudgeinanyofthecourts
14811481 23covered,orbyserviceinanycombinationasjudgeofsuchcourts,totalinganaggregateof
14821482 24twentyyears.Anyjudgewhoisatleastsixty-twoyearsofageandwhohasservedlessthan
14831483 25twentyyearsandisotherwisequalifiedundersections476.515to476.565mayretireafter
14841484 26reachingagesixty-two,atareducedretirementcompensationinasumequaltotheproportion
14851485 27oftheretirementcompensationprovidedinsection476.530thathisorherperiodofjudicial
14861486 28servicebearstotwentyyears.
14871487 29 4.AlljudgesunderthissectionrequiredbytheprovisionsofSection26ofArticleV
14881488 30oftheConstitutionofMissouritoretireattheageofseventyyearsshallretireuponreaching
14891489 31thatage.
14901490 32 5.Theprovisionsofsections104.344,476.524,and476.690shallnotapplytojudges
14911491 33coveredbythissection.
14921492 34 6.Ajudgeshallberequiredtocontributefourpercentofthejudge'scompensationto
14931493 35theretirementsystem,whichshallstandtothejudge'screditinhisorherindividualaccount
14941494 36withthesystem,togetherwithinvestmentcreditsthereon,forpurposesoffundingretirement
14951495 37benefitspayableasprovidedinsections476.515to476.565,subjecttothefollowing
14961496 38provisions:
14971497 39 (1)ThestateofMissouriemployer,pursuanttotheprovisionsof26U.S.C.Section
14981498 40414(h)(2),shallpickupandpaythecontributionsthatwouldotherwisebepayablebythe
14991499 41judgeunderthissection.Thecontributionssopickedupshallbetreatedasemployer
15001500 HB2234 41 42contributionsforpurposesofdeterminingthejudge'scompensationthatisincludableinthe
15011501 43judge'sgrossincomeforfederalincometaxpurposes;
15021502 44 (2)Judgecontributionspickedupbytheemployershallbepaidfromthesamesource
15031503 45offundsusedforthepaymentofcompensationtoajudge.Adeductionshallbemadefrom
15041504 46eachjudge'scompensationequaltotheamountofthejudge'scontributionspickedupbythe
15051505 47employer.Thisdeduction,however,shallnotreducethejudge'scompensationforpurposes
15061506 48ofcomputingbenefitsundertheretirementsystempursuanttothischapter;
15071507 49 (3)Judgecontributionssopickedupshallbecreditedtoaseparateaccountwithinthe
15081508 50judge'sindividualaccountsothattheamountscontributedpursuanttothissectionmaybe
15091509 51distinguishedfromtheamountscontributedonanafter-taxbasis;
15101510 52 (4)Thecontributions,althoughdesignatedasemployeecontributions,arebeingpaid
15111511 53bytheemployerinlieuofthecontributionsbythejudge.Thejudgeshallnothavetheoption
15121512 54ofchoosingtoreceivethecontributedamountsdirectlyinsteadofhavingthempaidbythe
15131513 55employertotheretirementsystem;
15141514 56 (5)InterestshallbecreditedannuallyonJunethirtiethbasedonthevalueinthe
15151515 57accountasofJulyfirstoftheimmediatelyprecedingyearatarateoffourpercent.Effective
15161516 58June30,2023,andeachJunethirtieththereafter,theinterestcreditingrateshallbe
15171517 59equaltotheinvestmentratethatispublishedbytheUnitedStatesDepartmentof
15181518 60Treasury,oritssuccessoragency,forfifty-two-weektreasurybillsfortherelevant
15191519 61auctionthatisnearesttotheprecedingJulyfirst,orasuccessortreasurybillinvestment
15201520 62rateasapprovedbytheboardifthefifty-two-weektreasurybillisnolongerissued.
15211521 63Interestcreditsshallceaseuponretirementordeathofthejudge;
15221522 64 (6)Ajudgewhoseemploymentisterminatedmayrequestarefundofhisorher
15231523 65contributionsandinterestcreditedthereon.Ifsuchjudgeismarriedatthetimeofsuch
15241524 66request,suchrequestshallnotbeprocessedwithoutconsentfromthespouse.Ajudgeisnot
15251525 67eligibletorequestarefundifthejudge'sretirementbenefitissubjecttoadivisionofbenefit
15261526 68orderpursuanttosection104.312.Suchrefundshallbepaidbythesystemafterninetydays
15271527 69fromthedateofterminationofemploymentortherequest,whicheverislaterandshall
15281528 70includeallcontributionsmadetoanyretirementplanadministeredbythesystemandinterest
15291529 71creditedthereon.Ajudgemaynotrequestarefundaftersuchjudgebecomeseligiblefor
15301530 72retirementbenefitsundersections476.515to476.565.Ajudgewhoreceivesarefundshall
15311531 73forfeitallthejudge'sserviceandfuturerightstoreceivebenefitsfromthesystemandshall
15321532 74notbeeligibletoreceiveanylong-termdisabilitybenefits;providedthatanyjudgeorformer
15331533 75judgereceivinglong-termdisabilitybenefitsshallnotbeeligibleforarefund.Ifsuchjudge
15341534 76subsequentlybecomesajudgeandworkscontinuouslyforatleastoneyear,theservice
15351535 77previouslyforfeitedshallberestoredifthejudgereturnstothesystemtheamountpreviously
15361536 78refundedplusinterestatarateestablishedbytheboard;
15371537 HB2234 42 79 (7)Thebeneficiaryofanyjudgewhomadecontributionsshallreceivearefundupon
15381538 80thejudge'sdeathequaltotheamount,ifany,ofsuchcontributionsandinterestcredited
15391539 81thereon,lessanyretirementbenefitsreceivedbythejudgeunlessanannuityispayabletoa
15401540 82survivororbeneficiaryasaresultofthejudge'sdeath.Inthatevent,thebeneficiaryofthe
15411541 83survivororbeneficiarywhoreceivedtheannuityshallreceivearefunduponthesurvivor'sor
15421542 84beneficiary'sdeathequaltotheamount,ifany,ofthejudge'scontributionslessanyannuity
15431543 85amountsreceivedbythejudgeandthesurvivororbeneficiary.
15441544 86 7.Theemployeecontributionrate,thebenefitsprovidedundersections476.515to
15451545 87476.565tojudgescoveredunderthissection,andanyotherprovisionofsections476.515to
15461546 88476.565withregardtojudgescoveredunderthissectionmaybealtered,amended,increased,
15471547 89decreased,orrepealed,butonlywithrespecttoservicesrenderedbythejudgeafterthe
15481548 90effectivedateofsuchalteration,amendment,increase,decrease,orrepeal,or,withrespectto
15491549 91interestcredits,forperiodsoftimeaftertheeffectivedateofsuchalteration,amendment,
15501550 92increase,decrease,orrepeal.
15511551 93 8.Anyjudgewhoisreceivingretirementcompensationundersection476.529or
15521552 94476.530whobecomesemployedasanemployeeeligibletoparticipateintheclosedplanorin
15531553 95theyear2000planunderchapter104,shallnotreceivesuchretirementcompensationforany
15541554 96calendarmonthinwhichtheretiredjudgeissoemployed.Anyjudgewhoisreceiving
15551555 97retirementcompensationundersection476.529orsection476.530whosubsequentlyserves
15561556 98asajudgeasdefinedpursuanttosubdivision(4)ofsubsection1ofsection476.515shallnot
15571557 99receivesuchretirementcompensationforanycalendarmonthinwhichtheretiredjudgeis
15581558 100servingasajudge;exceptthatuponretirementsuchjudge'sannuityshallberecalculatedto
15591559 101includeanyadditionalserviceorsalaryaccruedbasedonthejudge'ssubsequentservice.A
15601560 102judgewhoisreceivingcompensationundersection476.529or476.530maycontinueto
15611561 103receivesuchretirementcompensationwhileservingasaseniorjudgeorseniorcommissioner
15621562 104andshallreceiveadditionalcreditandsalaryforsuchservicepursuanttosection476.682.
15631563 [104.130.Uponthedeathofaretiredmember,theboardshallpayto
15641564 2 suchmember'sdesignatedbeneficiariesortohisestateadeathbenefitequalto
15651565 3 theexcess,ifany,oftheaccumulatedcontributionsofthememberat
15661566 4 retirementoverthetotalamountofretirementbenefitsreceivedbysuch
15671567 5 memberpriortohisdeath.]
15681568 âś”
15691569 HB2234 43