SECONDREGULARSESSION
HOUSEBILLNO.2234
101STGENERALASSEMBLY
INTRODUCEDBYREPRESENTATIVEBLACK(7).
4586H.01I DANARADEMANMILLER,ChiefClerk
ANACT
Torepealsections104.010,104.020,104.035,104.090,104.130,104.170,104.200,104.312,
104.410,104.436,104.490,104.515,104.625,104.810,104.1003,104.1018,
104.1024,104.1051,104.1060,104.1066,104.1072,104.1084,104.1091,and
476.521,RSMo,andtoenactinlieuthereoftwenty-threenewsectionsrelatingto
retirementsystems.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Sections104.010,104.020,104.035,104.090,104.130,104.170,104.200,
2104.312,104.410,104.436,104.490,104.515,104.625,104.810,104.1003,104.1018,
3104.1024,104.1051,104.1060,104.1066,104.1072,104.1084,104.1091,and476.521,
4RSMo,arerepealedandtwenty-threenewsectionsenactedinlieuthereof,tobeknownas
5sections104.010,104.020,104.035,104.090,104.170,104.200,104.312,104.410,104.436,
6104.490,104.515,104.625,104.810,104.1003,104.1018,104.1024,104.1051,104.1060,
7104.1066,104.1072,104.1084,104.1091,and476.521,toreadasfollows:
104.010.1.Thefollowingwordsandphrasesasusedinsections104.010to104.800,
2unlessadifferentmeaningisplainlyrequiredbythecontext,shallmean:
3 (1)"Accumulatedcontributions",thesumofalldeductionsforretirementbenefit
4purposesfromamember'scompensationwhichshallbecreditedtothemember'sindividual
5accountandinterestallowedthereon;
6 (2)"Activearmedwarfare",anydeclaredwar,ortheKoreanorVietnameseConflict;
7 (3)"Actuarialequivalent",abenefitwhich,whencomputeduponthebasisof
8specifiedactuarialassumptionsapprovedbytheboard,isequalinvaluetoacertainamount
9orotherbenefit;
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 10 (4)"Actuarialtables",theactuarialtablesapprovedandinusebyaboardatanygiven
11time;
12 (5)"Actuary",theactuarywhoisamemberoftheAmericanAcademyofActuaries
13orwhoisanenrolledactuaryundertheEmployeeRetirementIncomeSecurityActof1974
14andwhoisemployedbyaboardatanygiventime;
15 (6)"Annuity",annualpayments,madeinequalmonthlyinstallments,toaretired
16memberfromfundsprovidedforin,orauthorizedby,thischapter;
17 (7)"Annuitystartingdate",thefirstdayofthefirstmonthwithrespecttowhichan
18amountispaidasanannuityundersections104.010to104.800,andthetermsretirement,
19timeofretirement,anddateofretirementshallmeanannuitystartingdateasdefinedinthis
20subdivisionunlessthecontextinwhichthetermisusedindicatesotherwise;
21 (8)"Averagecompensation",theaveragecompensationofamemberforthethirty-six
22consecutivemonthsofservicepriortoretirementwhenthemember'scompensationwas
23greatest;orifthememberisonworkers'compensationleaveofabsenceoramedicalleaveof
24absenceduetoanemployeeillness,theamountofcompensationthememberwouldhave
25receivedmaybeused,asreportedandverifiedbytheemployingdepartment;orifthe
26memberhadlessthanthirty-sixmonthsofservice,theaverageannualcompensationpaidto
27thememberduringtheperioduptothirty-sixmonthsforwhichthememberreceived
28creditableservicewhenthemember'scompensationwasthegreatest;orifthememberison
29militaryleave,theamountofcompensationthememberwouldhavereceivedmaybeusedas
30reportedandverifiedbytheemployingdepartmentor,ifsuchamountisnotdeterminable,the
31amountoftheemployee'saveragerateofcompensationduringthetwelve-monthperiod
32immediatelyprecedingsuchperiodofleave,orifshorter,theperiodofemployment
33immediatelyprecedingsuchperiodofleave.Theboardofeachsystemmaypromulgaterules
34forpurposesofcalculatingaveragecompensationandotherretirementprovisionsto
35accommodateforanystatepayrollsysteminwhichcompensationisreceivedonamonthly,
36semimonthly,biweekly,orotherbasis;
37 (9)"Beneficiary",anypersonsorentitiesentitledtoornominatedbyamemberor
38retireewhomaybelegallyentitledtoreceivebenefitspursuanttothischapter;
39 (10)"Biennialassembly",thecompletionofnolessthantwoyearsofcreditable
40serviceorcreditablepriorservicebyamemberofthegeneralassembly;
41 (11)"Boardoftrustees","board",or"trustees",aboardoftrusteesasestablishedfor
42theapplicablesystempursuanttothischapter;
43 (12)"Chapter",sections104.010to104.800;
44 (13)"Compensation":
45 (a)Allsalaryandwagespayableoutofanystate,federal,trust,orotherfundstoan
46employeeforpersonalservicesperformedforadepartment;butincludingonlyamountsfor
HB2234 2 47whichcontributionshavebeenmadeinaccordancewithsection104.436,orsection104.070,
48whicheverisapplicable,andexcludinganynonrecurringsinglesumpaymentsoramounts
49paidafterthemember'sterminationofemploymentunlesssuchamountspaidaftersuch
50terminationareafinalinstallmentofsalaryorwagesatthesamerateasineffectimmediately
51priortoterminationofemploymentinaccordancewithastatepayrollsystemadoptedonor
52afterJanuary1,2000,oranyotherone-timepaymentsmadeasaresultofsuchpayroll
53system;
54 (b)Allsalaryandwageswhichwouldhavebeenpayableoutofanystate,federal,
55trustorotherfundstoanemployeeonworkers'compensationleaveofabsenceduringthe
56periodtheemployeeisreceivingaweeklyworkers'compensationbenefit,asreportedand
57verifiedbytheemployingdepartment;
58 (c)EffectiveDecember31,1995,compensationinexcessofthelimitationssetforth
59inInternalRevenueCodeSection401(a)(17)shallbedisregarded.Thelimitationon
60compensationforeligibleemployeesshallnotbelessthantheamountwhichwasallowedto
61betakenintoaccountunderthesystemasineffectonJuly1,1993.Forthispurpose,an
62"eligibleemployee"isanindividualwhowasamemberofthesystembeforethefirstplan
63yearbeginningafterDecember31,1995;
64 (d)Theboardbyitsrulesmayfurtherdefine"compensation"inamanner
65consistentwiththisdefinition;
66 (14)"Consumerpriceindex",theConsumerPriceIndexforAllUrbanConsumersfor
67theUnitedStates,oritssuccessorindex,asapprovedbyaboard,assuchindexisdefinedand
68officiallyreportedbytheUnitedStatesDepartmentofLabor,oritssuccessoragency;
69 (15)"Creditablepriorservice",theserviceofanemployeewhichwaseitherrendered
70priortotheestablishmentofasystem,orpriortothedatetheemployeelastbecameamember
71ofasystem,andwhichisrecognizedindeterminingthemember'seligibilityandforthe
72amountofthemember'sbenefitsunderasystem;
73 (16)"Creditableservice",thesumofmembershipserviceandcreditablepriorservice,
74totheextentsuchserviceisstandingtoamember'screditasprovidedinthischapter;except
75thatinnocaseshallmorethanonedayofcreditableserviceorcreditablepriorservicebe
76creditedanymemberforanyonecalendardayofeligibleservicecreditasprovidedbylaw;
77 (17)"Deferrednormalannuity",theannuitypayabletoanyformeremployeewho
78terminatedemploymentasanemployeeorotherwisewithdrewfromservicewithavested
79righttoanormalannuity,payableatafuturedate;
80 (18)"Department",anydepartmentoragencyoftheexecutive,legislativeorjudicial
81branchofthestateofMissourireceivingstateappropriations,includingallocatedfundsfrom
82thefederalgovernmentbutnotincludinganybodycorporateorpoliticunlessitsemployees
HB2234 3 83areeligibleforretirementcoveragefromasystempursuanttothischapterasotherwise
84providedbylaw;
85 (19)"Disabilitybenefits",benefitspaidtoanyemployeewhiletotallydisabledas
86providedinthischapter;
87 (20)"Earlyretirementage",amember'sattainmentoffifty-fiveyearsofageandthe
88completionoftenormoreyearsofcreditableservice,exceptforuniformedmembersofthe
89waterpatrol;
90 (21)"Employee":
91 (a)EffectiveAugust28,2007,anyelectiveorappointiveofficerorpersonemployed
92bythestatewhoisemployed,promotedortransferredbyadepartmentintoaneworexisting
93positionandearnsasalaryorwageinapositionnormallyrequiringtheperformancebythe
94personofdutiesduringnotlessthanonethousandfortyhoursperyear,includingeach
95memberofthegeneralassemblybutnotincludinganypatientorinmateofanystate,
96charitable,penalorcorrectionalinstitution.However,personswhoaremembersofthepublic
97schoolretirementsystemandwhoareemployedbyastateagencyotherthananinstitutionof
98higherlearningshallbedeemedemployeesforpurposesofparticipatinginallinsurance
99programsadministeredbyaboardestablishedpursuanttosection104.450.Thisdefinition
100shallnotexcludeanyemployeeasdefinedinthissubdivisionwhoiscoveredonlyunderthe
101federalOldAgeandSurvivors'InsuranceAct,asamended.Asusedinthischapter,theterm
102"employee"shallinclude:
103 a.Personswhoarecurrentlyreceivingannuitiesorotherretirementbenefitsfrom
104someotherretirementorbenefitfund,solongastheyarenotsimultaneouslyaccumulating
105creditableserviceinanotherretirementorbenefitsystemwhichwillbeusedtodetermine
106eligibilityforortheamountofafutureretirementbenefit;
107 b.Personswhohaveelectedtobecomeorwhohavebeenmademembersofasystem
108pursuanttosection104.342;
109 (b)Anypersonwhoisnotaretireeandhasperformedservicesintheemployofthe
110generalassemblyoreitherhousethereof,oranyemployeeofanymemberofthegeneral
111assemblywhileactingintheperson'sofficialcapacityasamember,andwhosepositiondoes
112notnormallyrequirethepersontoperformdutiesduringatleastonethousandfortyhoursper
113year,withamonthofservicebeinganymonthlypayperiodinwhichtheemployeewaspaid
114forfull-timeemploymentforthatmonthlyperiod;exceptthatpersonsdescribedinthis
115paragraphshallnotincludeanysuchpersonswhoareemployedonorafterAugust28,2007,
116andwhohavenotpreviouslybeenemployedinsuchpositions;
117 (c)"Employee"doesnotincludespecialconsultantsemployedpursuanttosection
118104.610;
HB2234 4 119 (d)Thesystemshallconsiderapersonwhoisemployedinmultiplepositions
120simultaneouslywithinasingleagencytobeworkinginasinglepositionforpurposesof
121determiningwhetherthepersonisanemployeeasdefinedinthissubdivision;
122 (22)"Employer",adepartmentofthestate;
123 (23)"Executivedirector",theexecutivedirectoremployedbyaboardestablished
124pursuanttotheprovisionsofthischapter;
125 (24)"Fiscalyear",theperiodbeginningJulyfirstinanyyearandendingJune
126thirtieththefollowingyear;
127 (25)"Fullbiennialassembly",theperiodoftimebeginningonthefirstdaythe
128generalassemblyconvenesforafirstregularsessionuntilthelastdayofthefollowingyear;
129 (26)"Fund",thebenefitfundofasystemestablishedpursuanttothischapter;
130 (27)"Interest",interestatsuchrateasshallbedeterminedandprescribedfromtimeto
131timebyaboard;
132 (28)"Member",asusedinsections104.010to104.272or104.601to104.800shall
133meananemployee,retiree,orformeremployeeentitledtoadeferredannuitycoveredbythe
134Missouridepartmentoftransportationandhighwaypatrolemployees'retirementsystem.
135"Member",asusedinthissectionandsections104.312to104.800,shallmeananemployee,
136retiree,orformeremployeeentitledtodeferredannuitycoveredbytheMissouristate
137employees'retirementsystem;
138 (29)"Membershipservice",theserviceafterbecomingamemberthatisrecognized
139indeterminingamember'seligibilityforandtheamountofamember'sbenefitsundera
140system;
141 (30)"Militaryservice",allactiveserviceperformedintheUnitedStatesArmy,Air
142Force,Navy,MarineCorps,CoastGuard,andmembersoftheUnitedStatesPublicHealth
143Serviceoranywomen'sauxiliarythereof;andserviceintheArmyNationalGuardandAir
144NationalGuardwhenengagedinactivedutyfortraining,inactivedutytrainingorfull-time
145NationalGuardduty,andservicebyanyothercategoryofpersonsdesignatedbythePresident
146intimeofwaroremergency;
147 (31)"Normalannuity",theannuityprovidedtoamemberuponretirementatorafter
148themember'snormalretirementage;
149 (32)"Normalretirementage",anemployee'sattainmentofsixty-fiveyearsofageand
150thecompletionoffouryearsofcreditableserviceortheattainmentofagesixty-fiveyearsof
151ageandthecompletionoffiveyearsofcreditableservicebyamemberwhohasterminated
152employmentandisentitledtoadeferrednormalannuityorthemember'sattainmentofage
153sixtyandthecompletionoffifteenyearsofcreditableservice,exceptthatnormalretirement
154ageforuniformedmembersofthehighwaypatrolshallbefifty-fiveyearsofageandthe
155completionoffouryearsofcreditableserviceanduniformedemployeesofthewaterpatrol
HB2234 5 156shallbefifty-fiveyearsofageandthecompletionoffouryearsofcreditableserviceorthe
157attainmentofagefifty-fiveandthecompletionoffiveyearsofcreditableservicebya
158memberofthewaterpatrolwhohasterminatedemploymentandisentitledtoadeferred
159normalannuityandmembersofthegeneralassemblyshallbefifty-fiveyearsofageandthe
160completionofthreefullbiennialassemblies.Notwithstandinganyotherprovisionoflawto
161thecontrary,amemberoftheMissouridepartmentoftransportationandhighwaypatrol
162employees'retirementsystemoramemberoftheMissouristateemployees'retirementsystem
163shallbeentitledtoretirewithanormalannuityandshallbeentitledtoelectanyofthe
164survivorbenefitoptionsandshallalsobeentitledtoanyotherprovisionsofthischapterthat
165relatetoretirementwithanormalannuityifthesumofthemember'sageandcreditable
166serviceequalseightyyearsormoreandifthememberisatleastforty-eightyearsofage;
167 (33)"Payrolldeduction",deductionsmadefromanemployee'scompensation;
168 (34)"Priorservicecredit",theserviceofanemployeerenderedpriortothedatethe
169employeebecameamemberwhichserviceisrecognizedindeterminingthemember's
170eligibilityforbenefitsfromasystembutnotindeterminingtheamountofthemember's
171benefit;
172 (35)"Reducedannuity",anactuarialequivalentofanormalannuity;
173 (36)"Retiree",amemberwhoisnotanemployeeandwhoisreceivinganannuity
174fromasystempursuanttothischapter;
175 (37)"System"or"retirementsystem",theMissouridepartmentoftransportationand
176highwaypatrolemployees'retirementsystem,ascreatedbysections104.010to104.270,or
177sections104.601to104.800,ortheMissouristateemployees'retirementsystemascreatedby
178sections104.320to104.800;
179 (38)"Uniformedmembersofthehighwaypatrol",thesuperintendent,lieutenant
180colonel,majors,captains,directorofradio,lieutenants,sergeants,corporals,andpatrolmenof
181theMissouristatehighwaypatrolwhonormallyappearinuniform;
182 (39)"Uniformedmembersofthewaterpatrol",employeesoftheMissouristatewater
183patrolofthedepartmentofpublicsafetywhoareclassifiedaswaterpatrolofficerswhohave
184takentheoathofofficeprescribedbytheprovisionsofchapter306andwhohavethosepeace
185officerpowersgivenbytheprovisionsofchapter306;
186 (40)"Vestingservice",thesumofamember'spriorservicecreditandcreditable
187servicewhichisrecognizedindeterminingthemember'seligibilityforbenefitsunderthe
188system.
189 2.Benefitspaidpursuanttotheprovisionsofthischaptershallnotexceedthe
190limitationsofInternalRevenueCodeSection415,theprovisionsofwhicharehereby
191incorporatedbyreference.Notwithstandinganyotherlawtothecontrary,theboardof
192trusteesmayestablishabenefitplanunderSection415(m)oftheInternalRevenueCodeof
HB2234 6 1931986,asamended.SuchplanshallbecreatedsolelyforthepurposesdescribedinSection
194415(m)(3)(A)oftheInternalRevenueCodeof1986,asamended.Theboardoftrusteesmay
195promulgateregulationsnecessarytoimplementtheprovisionsofthissubsectionandtocreate
196andadministersuchbenefitplan.
104.020.Thereisherebycreatedthe"MissouriDepartmentofTransportationand
2HighwayPatrolEmployees'RetirementSystem",whichshallbeabodycorporateandan
3instrumentalityofthestate.Insuchsystemshallbevestedthepowersanddutiesspecifiedin
4sections104.010to[104.270] 104.312andsuchotherpowersasmaybenecessaryorproper
5toenableit,itsofficers,employees,andagentstocarryoutfullyandeffectivelyallthe
6purposesofsections104.010to[104.270] 104.312.
104.035.1.AnymemberwhoseemploymentterminatedpriortoAugust13,1976,
2andwhohadservedtwentyyearsormoreasanemployeeshallbeentitledtoadeferred
3normalannuitybasedonhiscreditableservice,averagecompensation,andtheactineffectat
4thetimehisemploymentwasterminated.
5 2.AnymemberwhoseemploymentterminatesonorafterAugust13,1976,andprior
6toJune1,1981,andwhohadservedfifteenormoreyears'creditableserviceasanemployee
7orhadservedtenormoreyearsofcreditableserviceasanemployeeandwasatleastthirty-
8fiveyearsofageatthedateofterminationofemploymentshallbeentitledtoadeferred
9normalannuitybasedonhiscreditableservice,averagecompensation,andtheactineffectat
10thetimehisemploymentwasterminated.
11 3.AnymemberwhoseemploymentterminatesonorafterJune1,1981,andwhohas
12tenormoreyearsofcreditableserviceatthedateofterminationofemploymentshallbe
13entitledtoadeferrednormalannuitybasedonthemember'screditableservice,average
14compensationandtheactineffectatthetimethemember'semploymentisterminated.
15 4.Anymemberentitledtoadeferrednormalannuityasprovidedinsubsection1,2,3
16or5ofthissectionwhoreenterstheserviceofadepartmentandagainbecomesamemberof
17thesystem[andthereafterservesforonecontinuousyear]shallhavehispriorperiodof
18servicerestored,sothatbenefitsdeterminedbyreasonofhisretirementorsubsequent
19withdrawalfromservicewillincludethesumofallperiodsofcreditableservice,andhis
20annuityshallbebasedonhiscreditableservice,averagecompensation,andtheactineffectat
21thetimeofhisretirementorsubsequentwithdrawalfromservice.
22 5.Notwithstandinganyotherlawtothecontrary,anymemberofthetransportation
23departmentandhighwaypatrolretirementsystemwhoseemploymentterminatedonorafter
24September28,1992,whohasfiveormoreyearsofvestingserviceasanemployeeatthedate
25ofterminationofemploymentshallbeentitledtoadeferrednormalannuitybasedonthe
26member'screditableservice,averagecompensation,andtheactineffectatthetimethe
27member'semploymentwasterminated.
HB2234 7 104.090.1.Thenormalannuityofamembershallequaloneandsix-tenthspercent
2oftheaveragecompensationofthemembermultipliedbythenumberofyearsofcreditable
3serviceofsuchmember.Inaddition,thenormalannuityofauniformedmemberofthepatrol
4shallbeincreasedbythirty-threeandone-thirdpercent.
5 2.Inaddition,auniformedmemberofthehighwaypatrolwhoisretiringwitha
6normalannuityafterattainingnormalretirementageshallreceiveanadditionalsumofninety
7dollarspermonthasacontributionbythesystemuntilsuchmemberattainstheageofsixty-
8fiveyears,whensuchcontributionshallcease.Toqualifyforthecontributionprovidedin
9thissubsectionbythesystem,theretireduniformedmemberofthehighwaypatrolismade,
10constituted,appointedandemployedbytheboardasaspecialconsultantontheproblemsof
11retirement,agingandotherstatematters.Suchadditionalcontributionshallbereducedeach
12monthbysuchamountearnedbytheretireduniformedmemberofthehighwaypatrolin
13gainfulemployment.Inordertoqualifyfortheadditionalcontributionprovidedinthis
14subsection,theretireduniformedmemberofthehighwaypatrolshallhavebeen:
15 (1)HiredbytheMissouristatehighwaypatrolpriortoJanuary1,1995;and
16 (2)EmployedbytheMissouristatehighwaypatrolorreceivinglong-termdisability
17orwork-relateddisabilitybenefitsonthedaybeforetheeffectivedateofthemember's
18retirement.
19 3.Inlieuoftheannuitypayabletothememberpursuanttosection104.100,a
20memberwhoseageatretirementisforty-eightormoremayelectinthemember'sapplication
21forretirementtoreceiveoneofthefollowing:
22 Option1.
23 Anactuarialreductionapprovedbytheboardofthemember'sannuityinreduced
24monthlypaymentsforlifeduringretirementwiththeprovisionthatuponthemember'sdeath
25thereducedannuityatdateofdeathshallbecontinuedthroughoutthelifeof,andbepaidto,
26themember'sspouse;or
27 Option2.
28 Themember'snormalannuityinregularmonthlypaymentsforlifeduringretirement
29withtheprovisionthatuponthemember'sdeathasurvivor'sbenefitequaltoone-halfthe
30member'snormalannuityatdateofdeathshallbepaidtothemember'sspouseinregular
31monthlypaymentsforlife;or
32 Option3.
33 Anactuarialreductionapprovedbytheboardofthemember'snormalannuityin
34reducedmonthlypaymentsforthemember'slifewiththeprovisionthatifthememberdies
35priortothemember'shavingreceivedonehundredtwentymonthlypaymentsofthemember's
36reducedannuity,themember'sreducedallowancetowhichthememberwouldhavebeen
37entitledhadthememberlivedshallbepaidfortheremainderoftheonehundredtwenty-
HB2234 8 38monthperiodtosuchbeneficiaryasthemembershallhavenominatedbywrittendesignation
39dulyexecutedandfiledwiththeboard.Ifthereisnobeneficiarysurvivingtheretiree,the
40reserveforsuchallowancefortheremainderofsuchonehundredtwenty-monthperiodshall
41bepaidtotheretiree'sestate;or
42 Option4.
43 Anactuarialreductionapprovedbytheboardofthemember'snormalannuityin
44reducedmonthlypaymentsforthemember'slifewiththeprovisionthatifthememberdies
45priortothememberhavingreceivedsixtymonthlypaymentsofthemember'sreduced
46annuity,themember'sreducedallowancetowhichthememberwouldhavebeenentitledhad
47thememberlivedshallbepaidfortheremainderofthesixty-monthperiodtosuch
48beneficiaryasthemembershallhavenominatedbywrittendesignationdulyexecutedand
49filedwiththeboard.Ifthereisnobeneficiarysurvivingtheretiree,thereserveforsuch
50allowancefortheremainderofsuchsixty-monthperiodshallbepaidtotheretiree'sestate.
51 4.Theelectionmaybemadeonlyintheapplicationforretirement,andsuch
52applicationshallbefiledatleastthirtydaysbutnotmorethanninetydayspriortothedateon
53whichtheretirementofthememberistobeeffective,providedthatifeitherthememberor
54thespousenominatedtoreceivethesurvivorshippaymentdiesbeforetheeffectivedateof
55retirement,theelectionshallnotbeeffective.Ifafterthereducedannuitycommences,the
56spousepredeceasestheretiredmember,thereducedannuitycontinuestotheretiredmember
57duringthemember'slifetime.
58 5.EffectiveJuly1,2000,amembermaymakeanelectionunderoption1or2after
59thedateretirementbenefitsareinitiatedifthemembermakestheelectionwithinoneyear
60fromthedateofmarriageorJuly1,2000,whicheverislater,underanyofthefollowing
61circumstances:
62 (1)Thememberelectedtoreceiveanormalannuityandwasnoteligibletoelect
63option1or2onthedateretirementbenefitswereinitiated;or
64 (2)Themember'sannuityrevertedtoanormalannuitypursuanttosubsection7of
65thissectionorsubsection[7or]8ofsection104.103andthememberremarried;or
66 (3)Thememberelectedoption1or2butthemember'sspouseatthetimeof
67retirementhasdiedandthememberhasremarried.
68 6.AnypersonwhoterminatesemploymentorretirespriortoJuly1,2000,shallbe
69made,constituted,appointedandemployedbytheboardasaspecialconsultantonthe
70problemsofretirement,agingandotherstatematters,andforsuchservicesshallbeeligibleto
71electtoreceivethebenefitsdescribedinsubsection5ofthissection.
72 7.ForretirementapplicationsfiledonorafterAugust28,2004,thebeneficiaryfor
73eitheroption1oroption2ofsubsection3ofthissectionshallbethemember'sspouseatthe
74timeofretirement.Ifthemember'smarriageendsafterretirementasaresultofadissolution
HB2234 9 75ofmarriage,suchdissolutionshallnotaffecttheoptionelectionandtheformerspouseshall
76continuetobeeligibletoreceivesurvivorbenefitsupondeathofthemember,excepta
77membermaycancelhisorherelectionif:
78 (1)Thedissolutionofmarriageofthememberandformerspouseoccurredonorafter
79January1,2021,andthedissolutiondecreeprovidesforsoleretentionbythememberofall
80rightsintheannuityandprovidesthattheformerspouseshallnotbeentitledtoanysurvivor
81benefitspursuanttothischapter;or
82 (2)Thedissolutionofmarriageofthememberandformerspouseoccurredpriorto
83January1,2021,and:
84 (a)Thedissolutiondecreeprovidedforthesoleretentionbythememberofallrights
85intheannuitypursuanttothischapter,andthepartiesobtainedanamendedormodified
86dissolutiondecreeafterJanuary1,2021,providingforimmediateremovaloftheformer
87spouseasthebeneficiaryentitledtosurvivorbenefitstothesatisfactionofthesystem;or
88 (b)Thedissolutiondecreedoesnotprovideforthesoleretentionbythememberofall
89rightsintheannuityandthepartiesobtainedanamendedormodifieddissolutiondecreeafter
90January1,2021,whichprovidesforthesoleretentionbythememberofallrightsinthe
91annuityandprovidesthattheformerspouseshallnotbeentitledtoanysurvivorbenefits
92pursuanttothischapter.
93
94Uponmeetingtherequirementsofsubdivision(1)or(2)ofthissubsection,themonthly
95benefitpayableforthelifetimeofthemembershallbetheactuarialequivalentoftheannuity
96payablepursuanttotheprovisionsofoption1oroption2ofsubsection3ofthissection,as
97adjustedforearlyretirementifapplicable.Innoeventshallthemonthlybenefitpayablefor
98thelifetimeofthememberbegreaterthantheamountthatwouldhavebeenpayabletothe
99memberundersubsection7or8ofsection104.103,whicheverisapplicable,hadtheformer
100spousediedonthedateofthedissolutionofmarriage.Anyincreaseintheannuityamount
101pursuanttothissubsectionshallbeprospectiveandeffectivethefirstofthemonthfollowing
102thedateofreceiptbythesystemofacertifiedcopyofthedissolutiondecreethatmeetsthe
103requirementsofthissubsection.
104 8.Anyapplicationforretirementshallonlybecomeeffectiveonthefirstdayofthe
105month.
104.170.1.Theboardshallelect[bysecretballot] onememberaschairandone
2memberasvicechairatthefirstboardmeetingofeachyear.Thechairmaynotservemore
3thantwoconsecutivetermsbeginningafterAugust13,1988.Thechairshallpresideover
4meetingsoftheboardandperformsuchotherdutiesasmayberequiredbyactionofthe
5board.Thevicechairshallperformthedutiesofthechairintheabsenceofthelatterorupon
6thechair'sinabilityorrefusaltoact.
HB2234 10 7 2.Theboardshallappointafull-timeexecutivedirector,whoshallnotbe
8compensatedforanyotherdutiesunderthestatehighwaysandtransportationcommission.
9Theexecutivedirectorshallhavechargeoftheofficesandrecordsandshallhiresuch
10employeesthattheexecutivedirectordeemsnecessarysubjecttothedirectionoftheboard.
11Theexecutivedirectorandallotheremployeesofthesystemshallbemembersofthesystem
12andtheboardshallmakecontributionstoprovidetheinsurancebenefitsavailablepursuantto
13section104.270onthesamebasisasprovidedforotherstateemployeespursuanttothe
14provisionsofsection104.515,andalsoshallmakecontributionstoprovidetheretirement
15benefitsonthesamebasisasprovidedforotheremployeespursuanttotheprovisionsof
16sections104.090to104.260.Theexecutivedirectorisauthorizedtoexecutealldocuments
17includingcontractsnecessarytocarryoutanyandallactionsoftheboard.
18 3.Anysummonsorotherwritissuedbythecourtsofthestateshallbeservedupon
19theexecutivedirectoror,intheexecutivedirector'sabsence,ontheassistantdirector.
104.200.Shouldanyerrorinanyrecordsresultinany[member's] memberor
2[beneficiary's] beneficiaryreceivingmoreorlessthanheorshewouldhavebeenentitledto
3receivehadtherecordsbeencorrect,theboardshallcorrectsucherror,and,asfaras
4practicable,makefuturepaymentsinsuchamannerthattheactuarialequivalentofthebenefit
5towhichsuchmemberorbeneficiarywasentitledshallbepaid,andtothisendmayrecover
6anyoverpayments.Inallcasesinwhichsucherrorhasbeenmade,nosucherrorshallbe
7correctedunlessthesystemdiscoversorisnotifiedofsucherrorwithintenyearsafterthe
8[initial] member'sannuitystartingdateordateoferror,whicheveroccurslater.Incases
9offraud,anyerrordiscoveredshallbecorrectedwithoutconcernfortheamountoftime
10thathaspassed.
104.312.1.Theprovisionsofsubsection2ofsection104.250,subsection2of
2section104.540,subsection2ofsection287.820,andsection476.688tothecontrary
3notwithstanding,anypension,annuity,benefit,right,orretirementallowanceprovided
4pursuanttothischapter,chapter287,orchapter476ismaritalpropertyandafterAugust28,
51994,acourtofcompetentjurisdictionmaydividethepension,annuity,benefits,rights,and
6retirementallowanceprovidedpursuanttothischapter,chapter287,orchapter476between
7thepartiestoanyactionfordissolutionofmarriage.Adivisionofbenefitsorderissued
8pursuanttothissection:
9 (1)Shallnotrequiretheapplicableretirementsystemtoprovideanyformortypeof
10annuityorretirementplannotselectedbythememberandnotnormallymadeavailableby
11thatsystem;
12 (2)Shallnotrequiretheapplicableretirementsystemtocommencepaymentsuntil
13themembersubmitsavalidapplicationforanannuityandtheannuitybecomespayablein
14accordancewiththeapplication;
HB2234 11 15 (3)Shallidentifythemonthlyamounttobepaidtothealternatepayee,whichshallbe
16expressedasapercentageandwhichshallnotexceedfiftypercentoftheamountofthe
17member'sannuityaccruedduringallorpartofthetimewhilethememberandalternatepayee
18weremarriedexcludingserviceaccruedunder104.601; andwhichshallbebasedonthe
19member'svestedannuityonthedateofthedissolutionofmarriageoranearlierdateas
20specifiedintheorder,whichamountshallbeadjustedproportionatelyifthemember'sannuity
21isreducedduetoearlyretirementorthemember'sannuityisreducedpursuanttosection
22104.395underanannuityoptioninwhichthemembernamedthealternatepayeeas
23beneficiarypriortothedissolutionofmarriageorpursuanttosection104.090underan
24annuityoptioninwhichthememberonorafterAugust28,2007,namedthealternativepayee
25asbeneficiarypriortothedissolutionofmarriage,andthepercentageestablishedshallbe
26appliedtotheprorataportionofanylumpsumdistributionpursuanttosubsection6of
27section104.335,accruedduringthetimewhilethememberandalternatepayeeweremarried;
28 (4)Shallnotrequirethepaymentofanannuityamounttothememberandalternate
29payeewhichintotalexceedstheamountwhichthememberwouldhavereceivedwithout
30regardtotheorder;
31 (5)Shallprovidethatanybenefitformulaincreases,additionalyearsofservice,
32increasedaveragecompensationorothertypeofincreasesaccruedafterthedateofthe
33dissolutionofmarriageshallaccruesolelytothebenefitofthemember;exceptthatonor
34afterSeptember1,2001,anyannualbenefitincreasepaidafterthemember'sannuity
35startingdateshallnotbeconsideredtobeanincreaseaccruedafterthedateofterminationof
36marriageandshallbepartofthemonthlyamountsubjecttodivisionpursuanttoanyorder
37issuedafterSeptember1,2001;
38 (6)Shallterminateuponthedeathofeitherthememberorthealternatepayee,
39whicheveroccursfirst;
40 (7)Shallnotcreateaninterestwhichisassignableorsubjecttoanylegalprocess;
41 (8)Shallincludethename,address,anddateofbirthofboththememberandthe
42alternatepayee,andtheidentityoftheretirementsystemtowhichitapplies;
43 (9)Shallbeconsistentwithanyotherdivisionofbenefitsorderswhichareapplicable
44tothesamemember;
45 (10)Shallnotrequiretheapplicableretirementsystemtocontinuepaymentstothe
46alternatepayeeifthemember'sretirementbenefitissuspendedorwaivedasprovidedbythis
47chapterbutsuchpaymentsshallresumewhentheretireebeginstoreceiveretirementbenefits
48inthefuture.
49 2.Asystemestablishedbythischaptershallprovidethecourthavingjurisdictionofa
50dissolutionofmarriageproceedingorthepartiestotheproceedingwithinformation
51necessarytoissueadivisionofbenefitsorderconcerningamemberofthesystem,upon
HB2234 12 52writtenrequestfromeitherthecourt,thememberorthemember'sspouse,whichcitesthis
53sectionandidentifiesthecasenumberandparties.
54 3.Asystemestablishedbythischaptershallhavethediscretionaryauthoritytoreject
55adivisionofbenefitsorderforthefollowingreasons:
56 (1)Theorderdoesnotclearlystatetherightsofthememberandthealternatepayee;
57 (2)Theorderisinconsistentwithanylawgoverningtheretirementsystem.
58 4.Theamountpaidtoanalternatepayeeunderanorderissuedpursuanttothis
59sectionshallbebasedontheplanthememberwasinonthedateofthedissolutionof
60marriage;exceptthatanyannualbenefitincreasessubjecttodivisionshallbebasedonthe
61actualannualbenefitincreasesreceivedaftertheretirementplanelection.
62 5.Anyannuitypayableundersection104.625thatissubjecttoadivisionof
63benefitorderunderthissectionshallbecalculatedasfollows:
64 (1)Ininstancesofdivorceafterretirement,anyserviceorcompensationofa
65memberbetweentheretroactivestartingdateandtheannuitystartingdateshallnotbe
66consideredcreditableserviceorcompensation;and
67 (2)Thelump-sumpaymentdescribedinsubdivision(3)ofsection104.625shall
68notbesubjecttoanydivisionofbenefitorder.
104.410.1.Anyuniformedmemberofthewaterpatrolwhoshallbeaffirmatively
2foundbytheboardtobewhollyandpermanentlyincapableofholdinganypositionofgainful
3employmentasaresultofinjuriesorillnessincurredintheperformanceofthemember's
4dutiesshallbeentitledtoreceivedisabilitybenefitsinanamountequaltoone-halfofthe
5compensationthattheemployeewasreceivingatthetimeoftheoccurrenceoftheinjury
6entitlingtheemployeetosuchdisabilitybenefits.Anydisabilitybenefitpayablepursuantto
7thissubsectionshallbedecreasedbyanyamountpaidtosuchuniformedmemberofthewater
8patrolbyreasonoftheworkers'compensationlawsofthisstate.Afterterminationof
9paymentunderworkers'compensation,however,anysuchreductionanddisabilitybenefits
10shallberestored.
11 2.Theboardoftrusteesmayrequireamedicalexaminationofanyuniformed
12memberofthewaterpatrolwhoisreceivingdisabilitybenefitspursuanttothissectionatany
13timebyadesignatedphysician,anddisabilitybenefitsshallbediscontinuediftheboardfinds
14thatsuchmemberisabletoperformthedutiesofthemember'sformerposition,orifsuch
15memberrefusestosubmittosuchanexamination.
16 3.Thedisabilitybenefitsdescribedinthissectionshallnotbepaidtoanyuniformed
17memberofthewaterpatrolwhohasretainedorregainedmorethanfiftypercentofthe
18member'searningcapacity.Ifanyuniformedmemberofthewaterpatrolwhohasbeen
19receivingdisabilitybenefitsagainbecomesanemployee,themember'sdisabilitybenefits
20shallbediscontinued,themember'spriorperiodofcreditableserviceshallberestored,and
HB2234 13 21anysubsequentdeterminationofbenefitsduethememberorthemember'ssurvivorsshallbe
22basedonthesumofthemember'screditableserviceaccruedtothedatethemember's
23disabilitybenefitscommencedandtheperiodofcreditableserviceafterthemember'sreturn
24toemployment.
25 4.Anyuniformedmemberofthewaterpatrolreceivingbenefitspursuanttothe
26provisionsofthissectionforfiveormoreyearsimmediatelypriortoattainmentofagefifty-
27fiveshallbeconsideredanormalretirantatagefifty-five,andmayelect,withinthirtydays
28precedingtheattainmentofagefifty-five,option1ofsection104.395,butonlyforthe
29member'sspousewhowasthemember'sspousefortwoormoreyearspriortothemember's
30attainmentofagefifty-five.
31 5.AnymemberwhoisreceivingdisabilitybenefitsasofDecember31,1985,orany
32memberwhoisdisabledonDecember31,1985,andwouldhavebeenentitledtoreceive
33disabilitybenefitspursuanttothissectionastheprovisionsofthissectionexisted
34immediatelypriortoSeptember28,1985,shallbeeligibletoreceiveorshallcontinueto
35receivebenefitsinaccordancewithsuchpriorprovisionsofthissectionuntilthemember
36againbecomesanemployee;however,allemployeesofthedepartmentofconservationwho
37aredisabledshallreceivebenefitspursuantonlytothissectionorsection104.518,whichever
38isapplicable,andshallnotbeeligibleforbenefitsunderanyotherplanorprogrampurchased
39orprovidedafterSeptember28,1985.
40 6.Anymemberwhoqualifiesfordisabilitybenefitspursuanttosubsection1ofthis
41sectionorpursuanttotheprovisionsofsection104.518,orunderalong-termdisability
42programprovidedbythemember'semployingdepartmentasaconsequenceofemployment
43bythedepartment,shallcontinuetoaccruecreditableservicebasedonthemember'srateof
44payimmediatelypriortothedatethememberbecamedisabledinaccordancewithsections
45104.370,104.371,104.374and104.615,untilthedatethemember'sretirementbenefitgoes
46intopaystatus,thedisabilitybenefitsceasebeingpaidtothemember,orthememberisno
47longerdisabled,whichevercomesfirst.Personscoveredbytheprovisionsofsections
48476.515to476.565orsections287.812to287.855,whoqualifyfordisabilitybenefits
49pursuanttotheprovisionsofsection104.518,atthedatethepersonbecomesdisabled,shall
50continuetoaccruecreditableservicebasedontheperson'srateofpayimmediatelypriorto
51thedatethepersonbecomesdisableduntilthedatetheperson'sretirementbenefitgoesinto
52paystatus,thedisabilitybenefitsceasebeingpaidtothepersonorthepersonisnolonger
53disabled,whichevercomesfirst.Membersorpersonscontinuingtoaccruecreditableservice
54pursuanttothissubsectionshallbeentitledtocontinuetheirlifeinsurancecoveragesubjectto
55theprovisionsofthelifeinsuranceplanadministeredbytheboardpursuanttosection
56104.517.Therateofpayforpurposesofcalculatingretirementbenefitsforamemberor
57persondescribedinthissubsectionwhobecomesdisabledandretiresonorafterAugust28,
HB2234 14 581999,shallbethemember'sorperson'sregularmonthlycompensationreceivedatthetimeof
59disablement,increasedthereafterforanyincreasesintheconsumerpriceindex.Such
60increasesinthemember'smonthlypayshallbemadeannuallybeginningtwelvemonthsafter
61disablementandshallbeequaltoeightypercentoftheincreaseintheconsumerpriceindex
62duringthecalendaryearpriortotheadjustment,butnotmorethanfivepercentofthe
63member'smonthlypayimmediatelybeforetheincrease.Suchaccrualsshallcontinueuntil
64theearliestof:receiptofanearlyretirementannuity,attainmentofnormalretirement
65eligibilityorterminationofdisabilitybenefits.
66 7.Amemberorpersonwhocontinuestobedisabledasprovidedinsubsection6of
67thissectionuntilthemember'snormalretirementageshallbeeligibletoretireonthefirstday
68ofthemonthnextfollowingthemember'sorperson'sfinalpaymentpursuanttosection
69104.518or,ifapplicable,subsection1ofthissection.Amemberorpersonwhoretires
70pursuanttothissubsectionshallreceivethegreaterofthenormalannuityortheminimum
71annuity,ifapplicable,determinedpursuanttosections104.370,104.371,104.374and
72104.615,andsection287.820,andsection476.530asifthememberorpersonhadcontinued
73intheactiveemployoftheemployeruntilthemember'sorperson'sretirementbenefitgoes
74intopaystatus,thedisabilitybenefitsceasebeingpaidtothememberorperson,orthe
75memberorpersonisnolongerdisabled,whichevercomesfirstandthemember'sorperson's
76compensationforsuchperiodhadbeenthemember'sorperson'srateofpayimmediately
77precedingthedatethememberorpersonbecamedisabled.
78 8.Ifamemberwhohasbeendisabledbecomesanemployeeagainandifthemember
79wasdisabledduringtheentireperiodofthemember'sabsence,thenthemembershallresume
80activeparticipationasofthedateofreemployment.Suchamembershallreceivecreditable
81servicefortheentireperiodthememberwasdisabledasprovidedinsubsection6ofthis
82section.
83 9.Ifamemberceasestobedisabledandifthememberdoesnotreturntoworkas
84providedinsubsection8ofthissection,themember'srightstofurtherbenefitsshallbe
85determinedinaccordancewithsections104.335,104.380,104.400,104.420and104.615as
86thoughthememberhadwithdrawnfromserviceasofthedatethememberceasedtobe
87disabled,asdeterminedbythesystem.
88 10.Membersofthegeneralassemblywhoareaccruingserviceundersubsection
896ofthissectionshallcontinuetoaccrueserviceuntiltheearliestofattainmentofnormal
90retirementageeligibility,terminationofdisabilitybenefits,ortheendofthemember's
91constitutionallymandatedlimitonserviceasamemberofthegeneralassemblyforthe
92chamberinwhichthememberwasservingatthetimeofdisablement.
93 11.Statewideelectedofficialswhoareaccruingserviceundersubsection6ofthis
94sectionshallcontinuetoaccrueserviceuntiltheearliestofattainmentofnormal
HB2234 15 95retirementageeligibility,terminationofdisabilitybenefits,ortheendofthestatewide
96electedofficial'sconstitutionallymandatedlimitonserviceasastatewideelectedofficial
97fortheofficeinwhichthestatewideelectedofficialwasservingatthetimeof
98disablement.
104.436.1.Theboardintendstofollowafinancingpatternwhichcomputesand
2requirescontributionamountswhich,expressedaspercentsofactivememberpayroll,will
3remainapproximatelylevelfromyeartoyearandfromonegenerationofcitizenstothenext
4generation.Suchcontributiondeterminationsrequireregularactuarialvaluations,whichshall
5bemadebytheboard'sactuary,usingassumptionsandmethodsadoptedbytheboardafter
6consultingwithitsactuary.Theentryagenormalcostvaluationmethodshallbeusedin
7determiningthenormalcost[, andcontributionsforunfundedaccruedliabilitiesshallbe
8determinedusinglevelpercent-of-payrollamortization] calculation.
9 2.Atleastninetydaysbeforeeachregularsessionofthegeneralassembly,theboard
10shallcertifytothedivisionofbudgetthecontributionratenecessarytocovertheliabilitiesof
11theplanadministeredbythesystem,includingcostsofadministration,expectedtoaccrue
12duringthenextappropriationperiod.Thecommissionerofadministrationshallrequest
13appropriationoftheamountcalculatedpursuanttotheprovisionsofthissubsection.
14Followingeachpayperiod,thecommissionerofadministrationshallrequisitionandcertify
15thepaymenttotheexecutivedirectoroftheMissouristateemployees'retirementsystem.The
16executivedirectorshallpromptlydeposittheamountscertifiedtothecreditoftheMissouri
17stateemployees'retirementfund.
18 3.Theemployersofmembersofthesystemwhoarenotpaidoutoffundsthathave
19beendepositedinthestatetreasuryshallremitpromptlytotheexecutivedirectoranamount
20equaltotheamountwhichthestatewouldhavepaidifthosemembershadbeenpaidentirely
21fromstatefunds.Theexecutivedirectorshallpromptlydeposittheamountscertifiedtothe
22creditoftheMissouristateemployees'retirementsystemfund.
23 4.Theseamountsarefundsofthesystem,andshallnotbecommingledwithany
24fundsinthestatetreasury.
104.490.1.Shouldanyerrorresultinanymemberorbeneficiaryreceivingmoreor
2lessthanheorshewouldhavebeenentitledtoreceivehadtheerrornotoccurred,theboard
3shallcorrectsucherror,and,asfaraspracticable,makefuturepaymentsinsuchamannerthat
4theactuarialequivalentofthebenefittowhichsuchmemberorbeneficiarywasentitledshall
5bepaid,andtothisendmayrecoveranyoverpayments.Inallcasesinwhichsucherrorhas
6beenmade,nosucherrorshallbecorrectedunlessthesystemdiscoversorisnotifiedofsuch
7errorwithintenyearsafterthe[initial] member'sannuitystartingdateordateoferror,
8whicheveroccurslater.Incasesoffraud,anyerrordiscoveredshallbecorrected
9withoutconcerntotheamountoftimethathaspassed.
HB2234 16 10 2.Apersonwhoknowinglymakesafalsestatement,orfalsifiesorpermitstobe
11falsifiedarecordofthesystem,inanattempttodefraudthesystemissubjecttofineor
12imprisonmentpursuanttotheMissourirevisedstatutes.
13 3.TheboardoftrusteesoftheMissouristateemployees'retirementsystemshall
14ceasepayingbenefitstoanysurvivororbeneficiarywhoischargedwiththeintentional
15killingofamemberwithoutlegalexcuseorjustification.Asurvivororbeneficiarywhois
16convictedofsuchchargeshallnolongerbeentitledtoreceivebenefits.Ifthesurvivoror
17beneficiaryisnotconvictedofsuchcharge,theboardshallresumepaymentofbenefitsand
18shallpaythesurvivororbeneficiaryanybenefitsthatweresuspendedpendingresolutionof
19suchcharge.
104.515.1.Separateaccountsformedical,lifeinsuranceanddisabilitybenefits
2providedpursuanttosections104.517and104.518shallbeestablishedaspartofthefund.
3Thefunds,propertyandreturnoninvestmentsoftheseparateaccountshallnotbe
4commingledwithanyotherfunds,propertyandinvestmentreturnofthesystem.Allbenefits
5andpremiumsarepaidsolelyfromtheseparateaccountformedical,lifeinsuranceand
6disabilitybenefitsprovidedpursuanttothissection.
7 2.Thestateshallcontributeanamountasappropriatedbylawandapprovedbythe
8governorpermonthformedicalbenefits,lifeinsuranceandlong-termdisabilitybenefitsas
9providedpursuanttothissectionandsections104.517and104.518.Suchamountsshall
10includethecostofprovidinglifeinsurancebenefitsforeachactiveemployeewhoisa
11memberoftheMissouristateemployees'retirementsystem,amemberofthepublicschool
12retirementsystemandwhoisemployedbyastateagencyotherthananinstitutionofhigher
13learning,amemberoftheretirementsystemestablishedbysections287.812to287.855,the
14judicialretirementsystem,eachlegislatorandofficialholdinganelectivestateoffice,
15membersnotonpayrollstatuswhoarereceivingworkers'compensationbenefits,andifthe
16statehighwaysandtransportationcommissionsoelects,thoseemployeeswhoaremembers
17ofthestatetransportationdepartmentemployees'andhighwaypatrolretirementsystem;ifthe
18statehighwaysandtransportationcommissionsoelectstojointheplan,thestateshall
19contributeanamountasappropriatedbylawformedicalbenefitsforthoseemployeeswho
20aremembersofthetransportationdepartmentemployees'andhighwaypatrolretirement
21system;anadditionalamountequaltotheamountrequired,basedoncompetitivebiddingor
22determinedactuarially,tofundtheretiredmembers'deathbenefitorlifeinsurancebenefit,or
23both,providedinsubsection4ofthissectionandthedisabilitybenefitsprovidedinsection
24104.518.Thisamountshallbereportedasaseparateiteminthemonthlycertificationof
25requiredcontributionswhichthecommissionerofadministrationsubmitstothestate
26treasurerandshallbedepositedtotheseparateaccountformedical,lifeinsuranceand
27disabilitybenefits.Allcontributionsmadeonbehalfofmembersofthestatetransportation
HB2234 17 28departmentemployees'andhighwaypatrolretirementsystemshallbemadefromhighway
29funds.Ifthehighwaysandtransportationcommissionsoelects,thespousesand
30unemancipatedchildrenundertwenty-threeyearsofageofemployeeswhoaremembers
31ofthestatetransportationdepartmentemployees'andhighwaypatrolretirementsystemshall
32beabletoparticipateintheprogramofinsurancebenefitstocovermedicalexpensespursuant
33totheprovisionsofsubsection3ofthissection.
34 3.Theboardshalldeterminethepremiumamountsrequiredforparticipating
35employees.Thepremiumamountsshallbetheamount,which,togetherwiththestate's
36contribution,isrequiredtofundthebenefitsprovided,takingintoaccountnecessaryactuarial
37reserves.Separatepremiumsshallbeestablishedforemployees'benefitsandaseparate
38premiumorscheduleofpremiumsshallbeestablishedforbenefitsforspousesand
39unemancipatedchildrenundertwenty-threeyearsofageofparticipatingemployees.The
40employee'spremiumsforspouseandchildrenbenefitsshallbeestablishedtocoverthat
41portionofthecostofsuchbenefitswhichisnotpaidforbycontributionsbythestate.All
42suchpremiumamountsshallbepaidtotheboardoftrusteesatthetimethateachemployee's
43wagesorsalarywouldnormallybepaid.Thepremiumamountssoremittedwillbeplacedin
44theseparateaccountformedical,lifeinsuranceanddisabilitybenefits.Inlieuofthe
45availabilityofpremiumdeductions,theboardmayestablishalternativemethodsforthe
46collectionofpremiumamounts.
47 4.Eachspecialconsultanteligibleforlifebenefitsemployedbyaboardoftrusteesof
48aretirementsystemasprovidedinsection104.610whoisamemberoftheMissouristatelife
49insuranceplanorMissouristatetransportationdepartmentandMissouristatehighwaypatrol
50lifeinsuranceplanshall,inadditiontodutiesprescribedinsection104.610oranyotherlaw,
51anduponrequestoftheboardoftrustees,givetheboard,orallyorinwriting,ashortdetailed
52statementonlifeinsuranceanddeathbenefitproblemsaffectingretirees.Ascompensation
53fortheextradutyimposedbythissubsection,anyspecialconsultantasdefinedabove,other
54thanaspecialconsultantentitledtoadeferrednormalannuitypursuanttosection104.035or
55104.335,whoretiresonorafterSeptember28,1985,shallreceiveasapartofcompensation
56fortheseextraduties,adeathbenefitoffivethousanddollars,andanyspecialconsultantwho
57terminatesemploymentonorafterAugust28,1999,afterreachingnormalorearlyretirement
58ageandbecomesaretireewithin[sixty] sixty-fivedaysofsuchterminationshallreceivefive
59thousanddollarsoflifeinsurancecoverage.Inaddition,eachspecialconsultantwhoisa
60memberofthetransportationdepartmentemployees'andhighwaypatrolretirementsystem
61medicalinsuranceplanshallalsoprovidetheboard,uponrequestoftheboard,orallyorin
62writing,ashortdetailedstatementonphysical,medicalandhealthproblemsaffectingretirees.
63Ascompensationforthisextraduty,eachspecialconsultantasdefinedaboveshallreceive,in
64additiontoallothercompensationprovidedbylaw,ninedollars,oranamountequivalentto
HB2234 18 65thatprovidedtootherspecialconsultantspursuanttotheprovisionsofsection103.115.In
66addition,anyspecialconsultantasdefinedinsection287.820orsection476.601who
67terminatesemploymentandimmediatelyretiresonorafterAugust28,1995,shallreceiveasa
68partofcompensationfortheseduties,adeathbenefitoffivethousanddollarsandanyspecial
69consultantwhoterminatesemploymentonorafterAugust28,1999,afterreachingtheageof
70eligibilitytoreceiveretirementbenefitsandbecomesaretireewithin[sixty] sixty-fivedays
71ofsuchterminationshallreceivefivethousanddollarsoflifeinsurancecoverage.
72 5.Anyformeremployeewhoisreceivingdisabilityincomebenefitsfromthe
73Missouristateemployees'retirementsystemorthetransportationdepartmentemployees'and
74highwaypatrolretirementsystemshall,uponapplicationwiththeboardoftrusteesofthe
75Missouriconsolidatedhealthcareplanorthetransportationdepartmentemployeesand
76highwaypatrolmedicalplan,bemade,constituted,appointedandemployedbytherespective
77boardasaspecialconsultantontheproblemsofthehealthofdisabilityincomerecipientsand,
78uponrequestoftheboardoftrusteesofeachmedicalplan,givetheboard,orallyorinwriting,
79ashortdetailedstatementofphysical,medicalandhealthproblemsaffectingdisability
80incomerecipients.Ascompensationfortheextradutyimposedbythissubsection,eachsuch
81specialconsultantasdefinedinthissubsectionmayreceive,inadditiontoallother
82compensationprovidedbylaw,anamountcontributedtowardmedicalbenefitscoverage
83providedbytheMissouriconsolidatedhealthcareplanorthetransportationemployeesand
84highwaypatrolmedicalplanpursuanttoappropriations.
104.625.EffectiveJuly1,2002,anymemberretiringpursuanttotheprovisionsof
2sections104.010to104.801,exceptanelectedofficialoramemberofthegeneralassembly,
3whohasnotbeenpaidretirementbenefitsandcontinuesemploymentforatleasttwoyears
4beyondnormalretirementage,mayelecttoreceiveanannuityandlumpsumpaymentor
5payments,determinedasfollows:
6 (1)Aretroactivestartingdateshallbeestablishedwhichshallbeadateselectedby
7themember;provided,however,thattheretroactivestartingdateselectedbythemember
8shallnotbeadatewhichisearlierthanthedatewhenanormalannuitywouldhavefirstbeen
9payable.Inaddition,theretroactivestartingdateshallnotbemorethanfiveyearspriortothe
10annuitystartingdate,whichshallbethefirstdayofthemonthwithrespecttowhichan
11amountispaidasanannuitypursuanttothissection.Themember'sselectionofaretroactive
12startingdateshallbedoneintwelve-monthincrements,exceptthisrestrictionshallnotapply
13whenthememberselectsthetotalavailabletimebetweentheretroactivestartingdateandthe
14annuitystartingdate;
15 (2)Theprospectiveannuitypayableasoftheannuitystartingdateshallbe
16determinedpursuanttotheprovisionsotherwiseapplicableunderthelaw,withtheexception
17thatitshallbetheamountwhichwouldhavebeenpayablehadthememberactuallyretiredon
HB2234 19 18theretroactivestartingdateundertheretirementplanselectedbythemember.Otherthanfor
19thelumpsumpaymentorpaymentsspecifiedinsubdivision(3)ofthissection,noother
20amountshallbeduefortheperiodbetweentheretroactivestartingdateandtheannuity
21startingdate;
22 (3)Thelumpsumpayableshallbeninetypercentoftheannuityamountswhich
23wouldhavebeenpaidtothememberfromtheretroactivestartingdatetotheannuitystarting
24datehadthememberactuallyretiredontheretroactivestartingdateandreceivedanormal
25annuity.Themembershall[electto]receivethelumpsumamount[either] initsentiretyat
26thesametimeastheinitialannuitypaymentismade[orinthreeequalannualinstallments
27withthefirstpaymentmadeatthesametimeastheinitialannuitypayment]; and
28 (4)[Anyannuitypayablepursuanttothissectionthatissubjecttoadivisionof
29benefitorderpursuanttosection104.312shallbecalculatedasfollows:
30 (a)Anyserviceofamemberbetweentheretroactivestartingdateandtheannuity
31startingdateshallnotbeconsideredcreditableserviceexceptforpurposesofcalculatingthe
32divisionofbenefit;and
33 (b)Thelumpsumpaymentdescribedinsubdivision(3)ofthissectionshallnotbe
34subjecttoanydivisionofbenefitorder;and
35 (5)]Forpurposesofdeterminingannualbenefitincreasespayableaspartofthelump
36sumandannuityprovidedpursuanttothissection,theretroactivestartingdateshallbe
37consideredthemember'sdateofretirement.
104.810.1.EmployeesoftheMissouristatewaterpatrolwhoareearningcreditable
2serviceintheclosedplanoftheMissouristateemployees'retirementsystemandwhoare
3transferredtothedivisionofwaterpatrolwiththeMissouristatehighwaypatrolshallelect
4withinninetydaysofJanuary1,2011,toeitherremainamemberoftheMissouristate
5employees'retirementsystemortransfermembershipandcreditableservicetotheclosedplan
6oftheMissouridepartmentoftransportationandhighwaypatrolemployees'retirement
7system.Theelectionshallbemadeinwritingaftertheemployeehasreceivedadetailed
8analysiscomparingretirement,lifeinsurance,disabilitybenefits,andmedicalbenefitsofa
9memberoftheMissouristateemployees'retirementsystemwiththecorrespondingbenefits
10providedanemployeeofthehighwaypatrolcoveredbytheclosedplanoftheMissouri
11departmentoftransportationandhighwaypatrolemployees'retirementsystem.Inelecting
12planmembershiptheemployeeshallacknowledgeandagreethatanelectionmadeunderthis
13subsectionisirrevocable,andconstitutesawaivertoreceiveretirement,lifeinsurance,
14disabilitybenefits,andmedicalbenefitsexceptasprovidedbythesystemelectedbythe
15employee.Furthermore,inconnectionwiththeelection,theemployeeshallberequiredto
16acknowledgethatthebenefitsprovidedbyvirtueofmembershipineithersystem,andany
17associatedcoststotheemployee,maybedifferentnoworinthefutureasaresultofthe
HB2234 20 18electionandthattheemployeeagreestoholdbothsystemsharmlesswithregardtobenefit
19differencesresultingfromtheelection.Intheeventanemployeeterminatesemployment
20andlaterreturnstothesameposition,theemployeeshallbeamemberofthesystemin
21whichheorshewasamemberpriortotermination.Iftheemployeereturnstoany
22otherposition,theemployeeshallbeamemberofthesystemthatcurrentlycoversthat
23position.
24 2.EmployeesoftheMissouristatewaterpatrolwhoareearningcreditedservicein
25theyear2000planoftheMissouristateemployees'retirementsystemandwhoaretransferred
26tothedivisionofwaterpatrolwiththeMissouristatehighwaypatrolshallelectwithinninety
27daysofJanuary1,2011,toeitherremainamemberoftheMissouristateemployees'
28retirementsystemortransfermembershipandcreditableservicetotheyear2000planofthe
29Missouridepartmentoftransportationandhighwaypatrolemployees'retirementsystem.The
30electionshallbemadeinwritingaftertheemployeehasreceivedadetailedanalysis
31comparingretirement,lifeinsurance,disabilitybenefits,andmedicalbenefitsofamemberof
32theMissouristateemployees'retirementsystemwiththecorrespondingbenefitsprovidedan
33employeeofthehighwaypatrolcoveredbytheyear2000planoftheMissouridepartmentof
34transportationandhighwaypatrolemployees'retirementsystem.Inelectingplan
35membershiptheemployeeshallacknowledgeandagreethatanelectionmadeunderthis
36subsectionisirrevocable,andconstitutesawaivertoreceiveretirement,lifeinsurance,
37disabilitybenefits,andmedicalbenefitsexceptasprovidedbythesystemelectedbythe
38employee.Furthermore,inconnectionwiththeelection,theemployeeshallberequiredto
39acknowledgethatthebenefitsprovidedbyvirtueofmembershipineithersystem,andany
40associatedcoststotheemployee,maybedifferentnoworinthefutureasaresultofthe
41electionandthattheemployeeagreestoholdbothsystemsharmlesswithregardtobenefit
42differencesresultingfromtheelection.
43 3.TheMissouristateemployees'retirementsystemshallpaytotheMissouri
44departmentoftransportationandhighwaypatrolemployees'retirementsystem,byJune30,
452011,anamountactuariallydeterminedtoequaltheliabilityatthetimeofthetransferforany
46employeewhoelectsundersubsection1or2ofthissectiontotransfertotheMissouri
47departmentoftransportationandhighwaypatrolemployees'retirementsystem,totheextent
48thatliabilityisfundedasofthemostrecentactuarialvaluationandbasedontheactuarial
49valueofassetsnottoexceedonehundredpercent.
50 4.Innoeventshallanyemployeereceiveservicecreditforthesameperiodofservice
51undermorethanoneretirementsystemasaresultoftheprovisionsofthissection.
52 5.Theonlymedicalcoverageavailableforanyemployeewhoelectsundersubsection
531or2ofthissectiontotransfertotheMissouridepartmentoftransportationandhighway
54patrolemployees'retirementsystemshallbethemedicalcoverageprovidedinsection
HB2234 21 55104.270.TheeffectivedateforcommencementofmedicalcoverageshallbeJuly1,2011.
56However,thisdoesnotprecludemedicalcoverageforthetransferredemployeeasa
57dependentunderanyotherhealthcareplan.
58 6.Anyemployeewhoelectsundersubsection1or2ofthissectiontotransfertothe
59Missouridepartmentoftransportationandhighwaypatrolemployees'retirementsystemand
60whoisalsothereafterauniformedmemberofthehighwaypatrolshallbesubjecttothe
61mandatoryretirementagestatedinsection104.081.
104.1003.1.Unlessadifferentmeaningisplainlyrequiredbythecontext,the
2followingwordsandphrasesasusedinsections104.1003to104.1093shallmean:
3 (1)"Act",theyear2000plancreatedbysections104.1003to104.1093;
4 (2)"Actuary",anactuarywhoisexperiencedinretirementplanfinancingandwhois
5eitheramemberoftheAmericanAcademyofActuariesoranenrolledactuaryunderthe
6EmployeeRetirementIncomeSecurityActof1974;
7 (3)"Annuity",annualbenefitamounts,paidinequalmonthlyinstallments,from
8fundsprovidedforin,orauthorizedby,sections104.1003to104.1093;
9 (4)"Annuitystartingdate"meansthefirstdayofthefirstmonthwithrespectto
10whichanamountispaidasanannuitypursuanttosections104.1003to104.1093;
11 (5)"Beneficiary",anypersonsorentitiesentitledtoreceiveanannuityorother
12benefitpursuanttosections104.1003to104.1093basedupontheemploymentrecordof
13anotherperson;
14 (6)"Boardoftrustees","board",or"trustees",agoverningbodyorbodiesestablished
15fortheyear2000planpursuanttosections104.1003to104.1093;
16 (7)"Closedplan",abenefitplancreatedpursuanttothischapterandadministeredby
17asystempriortoJuly1,2000.NopersonfirstemployedonorafterJuly1,2000,shall
18becomeamemberoftheclosedplan,buttheclosedplanshallcontinuetofunctionforthe
19benefitofpersonscoveredbyandremainingintheclosedplanandtheirbeneficiaries;
20 (8)"Consumerpriceindex",theConsumerPriceIndexforAllUrbanConsumersfor
21theUnitedStates,oritssuccessorindex,asapprovedbytheboard,assuchindexisdefined
22andofficiallyreportedbytheUnitedStatesDepartmentofLabor,oritssuccessoragency;
23 (9)"Creditedservice",thetotalcreditedservicetoamember'screditasprovidedin
24sections104.1003to104.1093;exceptthatinnocaseshallmorethanonedayofcredited
25servicebecreditedtoanymemberorvestedformermemberforanyonecalendardayof
26eligiblecreditasprovidedbylaw;
27 (10)"Department",anydepartmentoragencyoftheexecutive,legislative,orjudicial
28branchofthestateofMissourireceivingstateappropriations,includingallocatedfundsfrom
29thefederalgovernmentbutnotincludinganybodycorporateorpoliticunlessitsemployees
HB2234 22 30areeligibleforretirementcoveragefromasystempursuanttothischapterasotherwise
31providedbylaw;
32 (11)"Earlyretirementeligibility",amember'sattainmentoffifty-sevenyearsofage
33andthecompletionofatleastfiveyearsofcreditedservice;
34 (12)"Effectivedate",July1,2000;
35 (13)"Employee"shallbeanypersonwhoisemployedbyadepartmentandispaida
36salaryorwagebyadepartmentinapositionnormallyrequiringtheperformanceofdutiesof
37notlessthanonethousandfortyhoursperyear,provided:
38 (a)Theterm"employee"shallnotincludeanypatientorinmateofanystate,
39charitable,penalorcorrectionalinstitution,oranypersonwhoisemployedbyadepartment
40inapositionthatiscoveredbyastate-sponsoreddefinedbenefitretirementplannotcreated
41bythischapter;
42 (b)Theterm"employee"shallbemodifiedasprovidedbyotherprovisionsof
43sections104.1003to104.1093;
44 (c)Thesystemshallconsiderapersonwhoisemployedinmultiplepositions
45simultaneouslywithinasingleagencytobeworkinginasinglepositionforpurposesof
46determiningwhetherthepersonisanemployeeasdefinedinthissubdivision;
47 (d)[BeginningSeptember1,2001,theterm"year"asusedinthissubdivisionshall
48meanthetwelve-monthperiodbeginningonthefirstdayofemployment;
49 (e)]Theterm"employee"shallincludeanypersonasdefinedunderparagraph(b)of
50subdivision(21)ofsubsection1ofsection104.010whoisfirstemployedonorafterJuly1,
512000,butpriortoAugust28,2007;
52 (14)"Employer",adepartment;
53 (15)"Executivedirector",theexecutivedirectoremployedbyaboardestablished
54pursuanttotheprovisionsofsections104.1003to104.1093;
55 (16)"Finalaveragepay",theaveragepayofamemberforthethirty-sixfull
56consecutivemonthsofservicebeforeterminationofemploymentwhenthemember'spaywas
57greatest;orifthememberwasonworkers'compensationleaveofabsenceoramedicalleave
58ofabsenceduetoanemployeeillness,theamountofpaythememberwouldhavereceived
59butforsuchleaveofabsenceasreportedandverifiedbytheemployingdepartment;orifthe
60memberwasemployedforlessthanthirty-sixmonths,theaveragemonthlypayofamember
61duringtheperiodforwhichthememberwasemployed.Theboardofeachsystemmay
62promulgaterulesforpurposesofcalculatingfinalaveragepayandotherretirementprovisions
63toaccommodateforanystatepayrollsysteminwhichpayisreceivedonamonthly,
64semimonthly,biweekly,orotherbasis;
65 (17)"Fund",afundoftheyear2000planestablishedpursuanttosections104.1003to
66104.1093;
HB2234 23 67 (18)"Investmentreturn",or"interest",ratesasshallbedeterminedandprescribed
68fromtimetotimebyaboard;
69 (19)"Member",apersonwhoisincludedinthemembershipofthesystem,asset
70forthinsection104.1009;
71 (20)"Normalretirementeligibility",amember'sattainmentofatleastsixty-twoyears
72ofageandthecompletionofatleastfiveormoreyearsofcreditedserviceor,theattainment
73ofatleastforty-eightyearsofagewithatotalofyearsofageandyearsofcreditedservice
74whichisatleasteightyor,inthecaseofamemberofthehighwaypatrolwhoshallbesubject
75tothemandatoryretirementprovisionsofsection[104.080] 104.081, themandatory
76retirementageandcompletionoffiveyearsofcreditedserviceor,theattainmentofatleast
77forty-eightyearsofagewithatotalofyearsofageandyearsofcreditedservicewhichisat
78leasteighty;
79 (21)"Pay"shallinclude:
80 (a)Allsalaryandwagespayabletoanemployeeforpersonalservicesperformedfora
81department;butexcluding:
82 a.Anyamountspaidafteranemployee'semploymentisterminated,unlessthe
83paymentismadeasafinalinstallmentofsalaryorwagesatthesamerateasineffect
84immediatelypriortoterminationofemploymentinaccordancewithastatepayrollsystem
85adoptedonorafterJanuary1,2000;
86 b.Anyamountspaiduponterminationofemploymentforunusedannualleaveor
87unusedsickleave;
88 c.PayinexcessofthelimitationssetforthinSection401(a)(17)oftheInternal
89RevenueCodeof1986asamendedandotherapplicablefederallawsorregulations;
90 d.Anynonrecurringsinglesumpayments;and
91 e.Anyamountsforwhichcontributionshavenotbeenmadeinaccordancewith
92section104.1066;
93 (b)Allsalaryandwageswhichwouldhavebeenpayabletoanemployeeonworkers'
94compensationleaveofabsenceduringtheperiodtheemployeeisreceivingaweeklyworkers'
95compensationbenefit,asreportedandverifiedbytheemployingdepartment;
96 (c)Allsalaryandwageswhichwouldhavebeenpayabletoanemployeeonamedical
97leaveduetoemployeeillness,asreportedandverifiedbytheemployingdepartment;
98 (d)Forpurposesofmembersofthegeneralassembly,payshallbetheannualsalary
99providedtoeachsenatorandrepresentativepursuanttosection21.140,plusanysalary
100adjustmentpursuanttosection21.140;
101 (e)Theboardbyitsrulesmayfurtherdefine"pay"inamannerconsistentwith
102thisdefinition;
HB2234 24 103 (22)"Retiree",apersonreceivinganannuityfromtheyear2000planbaseduponthe
104person'semploymentrecord;
105 (23)"State",thestateofMissouri;
106 (24)"System"or"retirementsystem",theMissouristateemployees'retirement
107systemortheMissouridepartmentoftransportationandhighwaypatrolemployees'
108retirementsystem,asthecasemaybe;
109 (25)"Vestedformermember",apersonentitledtoreceiveadeferredannuitypursuant
110tosection104.1036;
111 (26)"Year2000plan",thebenefitplancreatedbysections104.1003to104.1093.
112 2.Benefitspaidundertheprovisionsofthischaptershallnotexceedthelimitationsof
113InternalRevenueCodeSection415,theprovisionsofwhichareherebyincorporatedby
114reference.Notwithstandinganyotherlawtothecontrary,theboardoftrusteesmayestablish
115abenefitplanunderSection415(m)oftheInternalRevenueCodeof1986,asamended.Such
116planshallbecreatedsolelyforthepurposesdescribedinSection415(m)(3)(A)oftheInternal
117RevenueCodeof1986,asamended.Theboardoftrusteesmaypromulgateregulations
118necessarytoimplementtheprovisionsofthissubsectionandtocreateandadministersuch
119benefitplan.
104.1018.1.Whenamemberisnolongeremployedinapositioncoveredbythe
2system,membershipinthesystemshallthereuponcease.Ifamemberhasfiveormoreyears
3ofcreditedserviceuponsuchmember'sterminationofmembership,suchmembershallbea
4vestedformermemberentitledtoadeferredannuitypursuanttosection104.1036, exceptas
5otherwiseprovidedinsubsection7ofsection104.1024. Ifamemberhasfewerthanfive
6yearsofcreditedserviceuponterminationofmembership,suchformermember'scredited
7serviceshallbeforfeited,providedthatifsuchformermemberbecomesreemployedina
8positioncoveredbythesystem,suchformermembershallagainbecomeamemberofthe
9systemandtheforfeitedcreditedserviceshallberestoredafterreceivingcreditableservice
10continuouslyforoneyear.
11 2.Uponamemberbecomingaretiree,membershipshallceaseand,exceptas
12otherwiseprovidedinsection104.1039,thepersonshallnotagainbecomeamemberofthe
13system.
14 3.Ifavestedformermemberbecomesreemployedinapositioncoveredbythe
15systembeforesuchvestedformermember'sannuitystartingdate,membershipshallbe
16restoredwiththepreviouscreditedserviceandincreasedbysuchreemployment.
104.1024.1.Anymemberwhoterminatesemploymentmayretireonorafter
2attainingnormalretirementeligibilitybymakingapplicationinwrittenformandmanner
3approvedbytheappropriateboard.Thewrittenapplicationshallsetforththeannuitystarting
4datewhichshallnotbeearlierthanthefirstdayofthesecondmonthfollowingthemonthof
HB2234 25 5theexecutionandfilingofthemember'sapplicationforretirementnorlaterthanthefirstday
6ofthefourthmonthfollowingthemonthoftheexecutionandfilingofthemember's
7applicationforretirement.Thepaymentoftheannuityshallbemadethelastworkingdayof
8eachmonth,providingalldocumentationrequiredundersection104.1027forthecalculation
9andpaymentofthebenefitsisreceivedbytheboard.
10 2.Amember'sannuityshallbepaidintheformofalifeannuity,exceptasprovided
11insection104.1027,andshallbeanamountforlifeequaltooneandseven-tenthspercentof
12thefinalaveragepayofthemembermultipliedbythemember'syearsofcreditedservice.
13 3.Thelifeannuitydefinedinsubsection2ofthissectionshallnotbelessthana
14monthlyamountequaltofifteendollarsmultipliedbythemember'sfullyearsofcredited
15service.
16 4.Ifasoftheannuitystartingdateofamemberwhohasattainednormalretirement
17eligibilitythesumofthemember'syearsofageandyearsofcreditedserviceequalseightyor
18moreyearsandifthemember'sageisatleastforty-eightyearsbutlessthansixty-twoyears,
19or,inthecaseofamemberofthehighwaypatrolwhoshallbesubjecttothemandatory
20retirementprovisionofsection[104.080] 104.081, themandatoryretirementageand
21completionoffiveyearsofcreditedservice,theninadditiontothelifeannuitydescribedin
22subsection2ofthissection,themembershallreceiveatemporaryannuityequaltoeight-
23tenthsofonepercentofthemember'sfinalaveragepaymultipliedbythemember'syearsof
24creditedservice.Thetemporaryannuityandanycost-of-livingadjustmentsattributabletothe
25temporaryannuitypursuanttosection104.1045shallterminateattheendofthecalendar
26monthinwhichtheearlierofthefollowingeventsoccurs:themember'sdeathorthe
27member'sattainmentoftheearliestageofeligibilityforreducedSocialSecurityretirement
28benefits,butnolaterthanagesixty-two.
29 5.Theannuitydescribedinsubsection2ofthissectionforanypersonwhohas
30creditedservicenotcoveredbythefederalSocialSecurityAct,asprovidedin[sections
31105.300to105.430] subdivision(1)ofsubsection7ofsection104.342, shallbecalculated
32asfollows:thelifeannuityshallbeanamountequaltotwoandfive-tenthspercentofthe
33finalaveragepayofthemembermultipliedbythenumberofyearsofservicenotcoveredby
34thefederalSocialSecurityActinadditiontooneandseven-tenthspercentofthefinalaverage
35payofthemembermultipliedbythemember'syearsofcreditedservicecoveredbythe
36federalSocialSecurityAct.
37 6.EffectiveJuly1,2002,anymember,exceptanelectedofficialoramemberofthe
38generalassembly,whohasnotbeenpaidretirementbenefitsandcontinuesemploymentforat
39leasttwoyearsbeyondthedateofnormalretirementeligibility,mayelecttoreceivean
40annuityandlumpsumpaymentorpayments,determinedasfollows:
HB2234 26 41 (1)Aretroactivestartingdateshallbeestablishedwhichshallbeadateselectedby
42themember;provided,however,thattheretroactivestartingdateselectedbythemember
43shallnotbeadatewhichisearlierthanthedatewhenanormalannuitywouldhavefirstbeen
44payable.Inaddition,theretroactivestartingdateshallnotbemorethanfiveyearspriortothe
45annuitystartingdate.Themember'sselectionofaretroactivestartingdateshallbedonein
46twelve-monthincrements,exceptthisrestrictionshallnotapplywhenthememberselectsthe
47totalavailabletimebetweentheretroactivestartingdateandtheannuitystartingdate;
48 (2)Theprospectiveannuitypayableasoftheannuitystartingdateshallbe
49determinedpursuanttotheprovisionsofthissection,withtheexceptionthatitshallbethe
50amountwhichwouldhavebeenpayableattheannuitystartingdatehadthememberactually
51retiredontheretroactivestartingdateundertheretirementplanselectedbythemember.
52Otherthanforthelumpsumpaymentorpaymentsspecifiedinsubdivision(3)ofthis
53subsection,nootheramountshallbeduefortheperiodbetweentheretroactivestartingdate
54andtheannuitystartingdate;
55 (3)Thelumpsumpayableshallbeninetypercentoftheannuityamountswhich
56wouldhavebeenpaidtothememberfromtheretroactivestartingdatetotheannuitystarting
57datehadthememberactuallyretiredontheretroactivestartingdateandreceivedalife
58annuity.Themembershall[electto]receivethelumpsumamount[either] initsentiretyat
59thesametimeastheinitialannuitypaymentismade[orinthreeequalannualinstallments
60withthefirstpaymentmadeatthesametimeastheinitialannuitypayment]; and
61 (4)[Anyannuitypayablepursuanttothissectionthatissubjecttoadivisionof
62benefitorderpursuanttosection104.1051shallbecalculatedasfollows:
63 (a)Anyserviceofamemberbetweentheretroactivestartingdateandtheannuity
64startingdateshallnotbeconsideredcreditedserviceexceptforpurposesofcalculatingthe
65divisionofbenefit;and
66 (b)Thelumpsumpaymentdescribedinsubdivision(3)ofthissectionshallnotbe
67subjecttoanydivisionofbenefitorder;and
68 (5)]Forpurposesofdeterminingannualbenefitincreasespayableaspartofthelump
69sumandannuityprovidedpursuanttothissection,theretroactivestartingdateshallbe
70consideredthemember'sdateofretirement.
71 7.Anyvestedformermemberwhoterminatedemploymentafterattaining
72normalretirementeligibilityshallbeconsideredamemberforthepurposesofthis
73section.
104.1051.1.Anyannuityprovidedpursuanttotheyear2000planismaritalproperty
2andacourtofcompetentjurisdictionmaydividesuchannuitybetweenthepartiestoany
3actionfordissolutionofmarriageifatthetimeofthedissolutionthememberhasatleastfive
HB2234 27 4yearsofcreditedservicepursuanttosections104.1003to104.1093.Adivisionofbenefits
5orderissuedpursuanttothissection:
6 (1)Shallnotrequiretheapplicableretirementsystemtoprovideanyformortypeof
7annuityorretirementplannotselectedbythemember;
8 (2)Shallnotrequiretheapplicableretirementsystemtocommencepaymentsuntil
9themember'sannuitystartingdate;
10 (3)Shallidentifythemonthlyamounttobepaidtotheformerspouse,whichshallbe
11expressedasapercentageandwhichshallnotexceedfiftypercentoftheamountofthe
12member'sannuityaccruedduringallorpartoftheperiodofthemarriageofthememberand
13formerspouseexcludingserviceaccruedundersubsection2ofsection104.1021;and
14whichshallbebasedonthemember'svestedannuityonthedateofthedissolutionof
15marriageoranearlierdateasspecifiedintheorder,whichamountshallbeadjusted
16proportionatelyupontheannuitystartingdateifthemember'sannuityisreducedduetothe
17receiptofanearlyretirementannuityorthemember'sannuityisreducedpursuanttosection
18104.1027underanannuityoptioninwhichthemembernamedthealternatepayeeas
19beneficiarypriortothedissolutionofmarriage;
20 (4)Shallnotrequirethepaymentofanannuityamounttothememberandformer
21spousewhichintotalexceedstheamountwhichthememberwouldhavereceivedwithout
22regardtotheorder;
23 (5)Shallprovidethatanyannuityincreases,additionalyearsofcreditedservice,
24increasedfinalaveragepay,increasedpaypursuanttosubsections2and5ofsection
25104.1084,orothertypeofincreasesaccruedafterthedateofthedissolutionofmarriageand
26anytemporaryannuityreceivedpursuanttosubsection4ofsection104.1024shallaccrue
27solelytothebenefitofthemember;exceptthatonorafterSeptember1,2001,anycost-of-
28livingadjustment(COLA)dueaftertheannuitystartingdateshallnotbeconsideredtobean
29increaseaccruedafterthedateofterminationofmarriageandshallbepartofthemonthly
30amountsubjecttodivisionpursuanttoanyorderissuedafterSeptember1,2001;
31 (6)Shallterminateuponthedeathofeitherthememberortheformerspouse,
32whicheveroccursfirst;
33 (7)Shallnotcreateaninterestwhichisassignableorsubjecttoanylegalprocess;
34 (8)Shallincludethename,address,anddateofbirthofboththememberandthe
35formerspouse,andtheidentityoftheretirementsystemtowhichitapplies;
36 (9)Shallbeconsistentwithanyotherdivisionofbenefitsorderswhichareapplicable
37tothesamemember;
38 (10)Shallnotrequiretheapplicableretirementsystemtocontinuepaymentstothe
39alternatepayeeifthemember'sretirementbenefitissuspendedorwaivedasprovidedbythis
HB2234 28 40chapterbutsuchpaymentsshallresumewhentheretireebeginstoreceiveretirementbenefits
41inthefuture.
42 2.Asystemshallprovidethecourthavingjurisdictionofadissolutionofamarriage
43proceedingorthepartiestotheproceedingwithinformationnecessarytoissueadivisionof
44benefitsorderconcerningamemberofthesystem,uponwrittenrequestfromeitherthecourt,
45themember,orthemember'sspouse,citingthissectionandidentifyingthecasenumberand
46parties.
47 3.Asystemshallhavethediscretionaryauthoritytorejectadivisionofbenefitsorder
48forthefollowingreasons:
49 (1)Theorderdoesnotclearlystatetherightsofthememberandtheformerspouse;
50 (2)Theorderisinconsistentwithanylawgoverningtheretirementsystem.
51 4.Anymemberoftheclosedplanwhoelectedtheyear2000planpursuanttosection
52104.1015andthenbecomesdivorcedandsubjecttoadivisionofbenefitsordershallhavethe
53divisionofbenefitsordercalculatedpursuanttotheprovisionsoftheyear2000plan.
54 5.Anyannuitypayableundersection104.1024thatissubjecttoadivisionof
55benefitorderunderthissectionshallbecalculatedasfollows:
56 (1)Ininstancesofdivorceafterretirement,anyserviceorpayofamember
57betweentheretroactivestartingdateandtheannuitystartingdateshallnotbe
58consideredcreditableserviceorpay;and
59 (2)Thelump-sumpaymentdescribedinsubdivision(3)ofsubsection6ofsection
60104.1024shallnotbesubjecttoanydivisionofbenefitorder.
104.1060.1.Shouldanyerrorresultinanypersonreceivingmoreorlessthanthe
2personwouldhavebeenentitledtoreceivehadtheerrornotoccurred,theboardshallcorrect
3sucherror,and,asfaraspracticable,makefuturepaymentsinsuchamannerthattheactuarial
4equivalentoftheannuitytowhichsuchpersonwasentitledshallbepaid,andtothisendmay
5recoveranyoverpayments.Inallcasesinwhichsucherrorhasbeenmade,nosucherror
6shallbecorrectedunlessthesystemdiscoversorisnotifiedofsucherrorwithintenyearsafter
7the[initial] member'sannuitystartingdateorthedateoferror, whicheveroccurslater.
8Incasesoffraud,anyerrordiscoveredshallbecorrectedwithoutconcerntotheamount
9oftimethathaspassed.
10 2.Apersonwhoknowinglymakesafalsestatement,orfalsifiesorpermitstobe
11falsifiedarecordofthesystem,inanattempttodefraudthesystemshallbesubjecttofineor
12imprisonmentundertheMissourirevisedstatutes.
13 3.Aboardshallnotpayanannuitytoanysurvivororbeneficiarywhoischargedwith
14theintentionalkillingofamember,retireeorsurvivorwithoutlegalexcuseorjustification.A
15survivororbeneficiarywhoisconvictedofsuchchargeshallnolongerbeentitledtoreceive
16anannuity.Ifthesurvivororbeneficiaryisnotconvictedofsuchcharge,theboardshall
HB2234 29 17resumeannuitypaymentsandshallpaythesurvivororbeneficiaryanyannuitypaymentsthat
18weresuspendedpendingresolutionofsuchcharge.
104.1066.1.Theyear2000planintendstofollowafinancingpatternwhich
2computesandrequirescontributionamountswhich,expressedaspercentsofactivemember
3payroll,willremainapproximatelylevelfromyeartoyearandfromonegenerationof
4citizenstothenextgeneration.Suchcontributiondeterminationsrequireregularactuarial
5valuations,whichshallbemadebytheboard'sactuary,usingassumptionsandmethods
6adoptedbytheboardafterconsultingwithitsactuary.Theentryage-normalcostvaluation
7methodshallbeusedindeterminingthenormalcost[,andcontributionsforunfundedaccrued
8liabilitiesshallbedeterminedusinglevelpercent-of-payrollamortization] calculation. For
9purposesofthissubsectionandsection104.436,theactuaryshalldetermineasingle
10contributionrateapplicabletobothclosedplanandyear2000planparticipantsand,in
11determiningsuchrate,makeestimatesoftheprobabilitiesofclosedplanparticipants
12transferringtotheyear2000plan.
13 2.Atleastninetydaysbeforeeachregularsessionofthegeneralassembly,theboard
14oftheMissouristateemployees'retirementsystemshallcertifytothedivisionofbudgetthe
15contributionratenecessarytocovertheliabilitiesoftheyear2000planadministeredbysuch
16system,includingcostsofadministration,expectedtoaccrueduringthenextappropriation
17period.Thecommissionerofadministrationshallrequestappropriationsbaseduponthe
18contributionratesocertified.Fromappropriationssomade,thecommissionerof
19administrationshallcertifycontributionamountstothestatetreasurerwhointurnshall
20immediatelypaythecontributionstotheyear2000plan.
21 3.TheemployersofmemberscoveredbytheMissouristateemployees'retirement
22systemwhoarenotpaidoutoffundsthathavebeendepositedinthestatetreasuryshallremit
23followingeachpayperiodtotheyear2000plananamountequaltotheamountwhichthe
24statewouldhavepaidifthosemembershadbeenpaidentirelyfromstatefunds.Such
25employersshallmaintainpayrollrecordsforaminimumoffiveyearsandshallproduceall
26suchrecordsasrequestedbythesystem.Thesystemisauthorizedtorequestfromthestate
27officeofadministrationanappropriationoutoftheannualbudgetofanysuchemployerinthe
28eventsuchrecordsindicatethatsuchemployerhasnotcontributedtheamountsrequiredby
29thissection.Theofficeofadministrationshallrequestsuchappropriationwhichshallbe
30equaltotheamountnecessarytoreplaceanyshortfallincontributionsasdeterminedbythe
31system.Fromappropriationssomade,thecommissionerofadministrationshallcertify
32contributionamountstothestatetreasurerwhointurnshallimmediatelypaysuch
33contributionstotheyear2000plan.
34 4.Atleastninetydaysbeforeeachregularsessionofthegeneralassembly,theboard
35ofthetransportationdepartmentandhighwaypatrolretirementsystemshallcertifytothe
HB2234 30 36departmentoftransportationandthedepartmentofpublicsafetythecontributionrate
37necessarytocovertheliabilitiesoftheyear2000planadministeredbysuchsystem,including
38costsofadministration,expectedtoaccrueduringthenextbiennialorotherappropriation
39period.Eachdepartmentshallincludeinitsbudgetandinitsrequestforappropriationsfor
40personalservicethesumsocertifiedtoitbysuchboard,andshallpresentthesametothe
41generalassemblyforallowance.Thesumssocertifiedandappropriated,whenavailable,
42shallbeimmediatelypaidtothesystemanddepositedinthehighwayandtransportation
43employees'andhighwaypatrolretirementandbenefitfund.
44 5.Theseamountsarefundsoftheyear2000planandshallnotbecommingledwith
45anyfundsinthestatetreasury.
104.1072.1.Eachboardshallprovideorcontract,orboth,forlifeinsurancebenefits
2foremployeescoveredpursuanttotheyear2000planasfollows:
3 (1)Employeesshallbeprovidedfifteenthousanddollarsoflifeinsuranceuntil
4December31,2000.EffectiveJanuary1,2001,thesystemshallprovideorcontractorboth
5forbasiclifeinsuranceforemployeescoveredunderanyretirementplanadministeredbythe
6systempursuanttothischapter,personscoveredbysections287.812to287.856,for
7employeeswhoaremembersofthejudicialretirementsystemasprovidedinsection476.590,
8and,attheelectionofthestatehighwaysandtransportationcommission,employeeswhoare
9membersofthe[highwaysand]Missouridepartmentoftransportation[employees'] and
10highwaypatrolemployees'retirementsystem,intheamountequaltoonetimesannualpay,
11subjecttoaminimumamountoffifteenthousanddollars.Theboardshallestablishbyruleor
12contractthemethodfordeterminingtheannualrateofpayandanyothertermsofsuch
13insuranceasitdeemsnecessarytoimplementtherequirementspursuanttothissection.
14Annualrateofpayshallnotincludeovertimeoranyotherirregularpaymentsasdetermined
15bytheboard.Suchlifeinsuranceshallprovidefortripleindemnityintheeventthecauseof
16deathisaproximateresultofapersonalinjuryordiseasearisingoutofandinthecourseof
17actualperformanceofdutyasanemployee;
18 (2)Anymemberwhoterminatesemploymentafterreachingnormalorearly
19retirementeligibilityandbecomesaretireewithin[sixty] sixty-fivedaysofsuchtermination
20shallreceivefivethousanddollarsoflifeinsurancecoverage.
21 2.(1)Inadditiontothelifeinsuranceauthorizedbytheprovisionsofsubsection1of
22thissection,anypersonforwhomlifeinsuranceisprovidedorcontractedforpursuanttosuch
23subsectionmaypurchase,attheperson'sownexpenseandonlyifmonthlyvoluntarypayroll
24deductionsareauthorized,additionallifeinsuranceatacosttobestipulatedinacontractwith
25aprivateinsurancecompanyorasmayberequiredbyasystemiftheboardoftrustees
26determinesthatthesystemshouldprovidesuchinsuranceitself.Themaximumamountof
27additionallifeinsurancewhichmaybesopurchasedpriortoJanuary1,2004,isthatamount
HB2234 31 28whichequalssixtimestheamountoftheperson'sannualrateofpay,subjecttoanymaximum
29establishedbyaboard,exceptthatifsuchmaximumamountisnotevenlydivisiblebyone
30thousanddollars,thenthemaximumamountofadditionalinsurancewhichmaybepurchased
31isthenexthigheramountevenlydivisiblebyonethousanddollars.Themaximumamountof
32additionallifeinsurancewhichmaybesopurchasedonorafterJanuary1,2004,isanamount
33tobestipulatedinacontractwithaprivateinsurancecompanyorasmayberequiredbythe
34systemiftheboardoftrusteesdeterminesthatthesystemshouldprovidetheinsuranceitself.
35 (2)Anypersondefinedinsubdivision(1)ofthissubsectionmayretainanamountnot
36toexceedsixtythousanddollarsoflifeinsurancefollowingthedateofhisorherretirementif
37suchpersonbecomesaretireethemonthfollowingterminationofemploymentandmakes
38writtenapplicationforsuchlifeinsuranceatthesametimesuchperson'sapplicationismade
39totheboardforretirementbenefits.Suchlifeinsuranceshallonlybeprovidedifsuchperson
40paystheentirecostoftheinsurance,asdeterminedbytheboard,byallowingvoluntary
41deductionsfromthemember'sannuity.
42 (3)Inadditiontothelifeinsuranceauthorizedinsubdivision(1)ofthissubsection,
43anypersonforwhomlifeinsuranceisprovidedorcontractedforpursuanttothissubsection
44maypurchase,attheperson'sownexpenseandonlyifmonthlyvoluntarypayrolldeductions
45areauthorized,lifeinsurancecoveringtheperson'schildrenortheperson'sspouseorbothat
46coverageamountstobedeterminedbytheboardatacosttobestipulatedinacontractwitha
47privateinsurerorasmayberequiredbythesystemiftheboardoftrusteesdeterminesthatthe
48systemshouldprovidesuchinsuranceitself.
49 (4)EffectiveJuly1,2000,anymemberwhoappliesandiseligibletoreceivean
50annuitybasedontheattainmentofatleastforty-eightyearsofagewithatotalofyearsofage
51andyearsofcreditedservicewhichisatleasteightyshallbeeligibletoretainanyoptional
52lifeinsurancedescribedinsubdivision(1)ofthissubsection.Theamountofsuchretained
53insuranceshallnotbegreaterthantheamountineffectduringthemonthpriortotermination
54ofemployment.Suchinsurancemayberetaineduntilthemember'sattainmentoftheearliest
55ageforeligibilityforreducedSocialSecurityretirementbenefitsbutnolaterthanagesixty-
56two,atwhichtimetheamountofsuchinsurancethatmayberetainedshallbethatamount
57permittedpursuanttosubdivision(2)ofthissubsection.
58 3.Thestatehighwaysandtransportationcommissionmayprovideforinsurance
59benefitstocovermedicalexpensesformembersofthe[highwaysand]Missouridepartment
60oftransportation[employees'] andhighwaypatrolemployees'retirementsystem.Thestate
61highwaysandtransportationcommissionmayprovidemedicalbenefitsfordependentsof
62membersandforretiredmembers.Contributionsbythestatehighwaysandtransportation
63commissiontoprovidethebenefitsshallbeonthesamebasisasprovidedforotherstate
64employeespursuanttotheprovisionsofsection104.515.Exceptasotherwiseprovidedby
HB2234 32 65law,thecostofbenefitsfordependentsofmembersandforretireesandtheirdependentsshall
66bepaidbythemembersorretirees.Thecommissionmaycontractwithotherpersonsor
67entitiesincludingbutnotlimitedtothird-partyadministrators,healthnetworkprovidersand
68healthmaintenanceorganizationsforall,oranypartof,thebenefitsprovidedforinthis
69section.Thecommissionmayrequirereimbursementofanymedicalclaimspaidbythe
70commission'smedicalplanforwhichtherewasthird-partyliability.
71 4.The[highwaysand]Missouridepartmentoftransportation[employees'] and
72highwaypatrolemployees'retirementsystemmayrequestthestatehighwaysand
73transportationcommissiontoprovidelifeinsurancebenefitsasrequiredinsubsections1
74and2ofthissection.Ifthestatehighwaysandtransportationcommissionagreestothe
75request,the[highwaysand]Missouridepartmentoftransportation[employees'] and
76highwaypatrolemployees'retirementsystemshallreimbursethestatehighwaysand
77transportationcommissionforanyandallcostsforlifeinsuranceprovidedpursuantto
78subdivision(2)ofsubsection1ofthissection.Thepersonwhoiscoveredpursuantto
79subsection2ofthissectionshallbesolelyresponsibleforthecostsofanyadditionallife
80insurance.Inlieuofthelifeinsurancebenefitinsubdivision(2)ofsubsection1ofthis
81section,the[highwaysand]Missouridepartmentoftransportation[employees'] and
82highwaypatrolemployees'retirementsystemisauthorizedinitssolediscretiontoprovidea
83deathbenefitoffivethousanddollars.
84 5.Totheextentthattheboardentersorhasenteredintoanycontractwithanyinsurer
85orserviceorganizationtoprovidelifeinsuranceprovidedforpursuanttothissection:
86 (1)Theobligationtoprovidesuchlifeinsuranceshallbeprimarilythatoftheinsurer
87orserviceorganizationandsecondarilythatoftheboard;
88 (2)Anymemberwhohasbeendeniedlifeinsurancebenefitsbytheinsurerorservice
89organizationandhasexhaustedallappealproceduresprovidedbytheinsurerorservice
90organizationmayappealsuchdecisionbyfilingapetitionagainsttheinsurerorservice
91organizationinacourtoflawinthemember'scountyofresidence;and
92 (3)Theboardandthesystemshallnotbeliableforlifeinsurancebenefitsprovided
93byaninsurerorserviceorganizationpursuanttothissectionandshallnotbesubjecttoany
94causeofactionwithregardtolifeinsurancebenefitsorthedenialoflifeinsurancebenefitsby
95theinsurerorserviceorganizationunlessthememberhasobtainedjudgmentagainstthe
96insurerorserviceorganizationforlifeinsurancebenefitsandtheinsurerorservice
97organizationisunabletosatisfythatjudgment.
104.1084.1.Formembersofthegeneralassembly,theprovisionsofthissection
2shallsupplementorreplacetheindicatedotherprovisionsoftheyear2000plan."Normal
3retirementeligibility"meansattainmentofagefifty-fiveforamemberwhohasservedatleast
4threefullbiennialassembliesortheattainmentofatleastagefiftyforamemberwhohas
HB2234 33 5servedatleastthreefullbiennialassemblieswithatotalofyearsofageandyearsofcredited
6servicewhichisatleasteighty.Amembershallreceivetwoyearsofcreditedservicefor
7everyfullbiennialassemblyserved.Afullbiennialassemblyshallbeequaltotheperiodof
8timebeginningonthefirstdaythegeneralassemblyconvenesforafirstregularsessionuntil
9thelastdayofthefollowingyear.Ifamemberserveslessthanafullbiennialassembly,the
10membershallreceivecreditedservicefortheprorataportionofthefullbiennialassembly
11served.
12 2.Forthepurposesofsection104.1024,thenormalretirementannuityofamember
13ofthegeneralassemblyshallbeanamountforlifeequaltoonetwenty-fourthofthemonthly
14payforasenatororrepresentativeontheannuitystartingdatemultipliedbytheyearsof
15creditedserviceasamemberofthegeneralassembly.Innoeventshallanysuchmemberor
16eligiblebeneficiaryreceiveannuityamountsinexcessofonehundredpercentofpay.
17 3.Tobecoveredbytheprovisionsofsection104.1030,orsection104.1036,a
18memberofthegeneralassemblymusthaveservedatleastthreefullbiennialassemblies.
19 4.Formemberswhoarestatewideelectedofficials,theprovisionsofthissection
20shallsupplementorreplacetheindicatedotherprovisionsoftheyear2000plan."Normal
21retirementeligibility"meansattainmentofagefifty-fiveforamemberwhohasservedatleast
22fouryearsasastatewideelectedofficial,ortheattainmentofagefiftywithatotalofyearsof
23ageandyearsofsuchcreditedservicewhichisatleasteighty.
24 5.Forthepurposesofsection104.1024,thenormalretirementannuityofamember
25whoisastatewideelectedofficialshallbeanamountforlifeequaltoonetwenty-fourthofthe
26monthlypayinthehighestofficeheldbysuchmemberontheannuitystartingdatemultiplied
27bytheyearsofcreditedserviceasastatewideelectedofficialnottoexceedtwelveyears.
28 6.Tobecoveredbytheprovisionsofsections104.1030and104.1036,amemberwho
29isastatewideelectedofficialmusthaveatleastfouryearsasastatewideelectedofficial.
30 7.Theprovisionsofsection104.1045shallnotapplytopersonscoveredbythe
31generalassemblyandstatewideelectedofficialprovisionsofthissection.Personscoveredby
32thegeneralassemblyprovisionsandreceivingayear2000planannuityshallbeentitledtoa
33cost-of-livingadjustment(COLA)whenthereareincreasesinpayformembersofthegeneral
34assembly.Personscoveredbythestatewideelectedofficialprovisionsandreceivingayear
352000planannuityshallbeentitledtoCOLAswhenthereareincreasesinthepayfor
36statewideelectedofficialsinthehighestofficeheldbysuchperson.TheCOLAdescribedin
37thissubsectionshallbeequaltoandconcurrentwiththepercentageincreaseinpayas
38describedinsection105.005.NoCOLAshallbelessthanzero.
39 8.Anymemberwhoservesunderthischapterasamemberofthegeneralassemblyor
40asastatewideelectedofficialonorafterAugust28,1999,shallnotbeeligibletoreceiveany
41retirementbenefitsfromthesystemundereithertheclosedplanortheyear2000planbased
HB2234 34 42onservicerenderedonorafterAugust28,1999,asamemberofthegeneralassemblyorasa
43statewideelectedofficialifsuchmemberisconvictedofafelonythatisdeterminedbyacourt
44oflawtohavebeencommittedinconnectionwiththemember'sdutieseitherasamemberof
45thegeneralassemblyorasastatewideelectedofficial,unlesssuchconvictionislaterreversed
46byacourtoflaw.
47 9.Amemberofthegeneralassemblywhohaspurchasedortransferredcreditable
48serviceshallnotbesubjecttothecaponbenefitspursuanttosubsection2ofthissectionfor
49thatportionofthebenefitattributabletothepurchasedortransferredservice.
50 10.Forthepurposesofsection104.1042,theservicecreditaccruedbyamember
51ofthegeneralassemblywhilereceivinglong-termdisabilitybenefitsshallcontinueto
52accrueuntiltheearliestreceiptofattainmentofnormalretirementageeligibility,
53terminationofdisabilitybenefits,ortheendofthemember'sconstitutionallymandated
54limitonserviceasamemberofthegeneralassemblyforthechamberinwhichthe
55memberwasservingatthetimeofdisablement.
56 11.Forthepurposesofsection104.1042,theservicecreditaccruedbya
57statewideelectedofficialwhilereceivinglong-termdisabilitybenefitsshallcontinueto
58accrueuntiltheearliestofattainmentofnormalretirementageeligibility,termination
59ofdisabilitybenefits,ortheendofthestatewideelectedofficial'sconstitutionally
60mandatedlimitonserviceasastatewideelectedofficialfortheofficeinwhichthe
61statewideelectedofficialwasservingatthetimeofdisablement.
104.1091.1.Notwithstandinganyprovisionoftheyear2000plantothecontrary,
2eachpersonwhofirstbecomesanemployeeonorafterJanuary1,2011,shallbeamemberof
3theyear2000plansubjecttotheprovisionsofthissection.
4 2.Amember'snormalretirementeligibilityshallbeasfollows:
5 (1)Themember'sattainmentofatleastagesixty-sevenandthecompletionofatleast
6tenyearsofcreditedservice;orthemember'sattainmentofatleastagefifty-fivewiththesum
7ofthemember'sageandcreditedserviceequalingatleastninety;or,inthecaseofamember
8whoisservingasauniformedmemberofthehighwaypatrolandsubjecttothemandatory
9retirementprovisionsofsection104.081,suchmember'sattainmentofatleastagesixtyorthe
10attainmentofatleastagefifty-fivewithtenyearsofcreditedservice;
11 (2)Formembersofthegeneralassembly,themember'sattainmentofatleastage
12sixty-twoandthecompletionofatleastthreefullbiennialassemblies;orthemember's
13attainmentofatleastagefifty-fivewiththesumofthemember'sageandcreditedservice
14equalingatleastninety;
15 (3)Forstatewideelectedofficials,theofficial'sattainmentofatleastagesixty-two
16andthecompletionofatleastfouryearsofcreditedservice;ortheofficial'sattainmentofat
HB2234 35 17leastagefifty-fivewiththesumoftheofficial'sageandcreditedserviceequalingatleast
18ninety.
19 3.Avestedformermember'snormalretirementeligibilityshallbebasedonthe
20attainmentofatleastagesixty-sevenandthecompletionofatleasttenyearsofcredited
21service.
22 4.Atemporaryannuitypaidpursuanttosubsection4ofsection104.1024shallbe
23payableifthememberhasattainedatleastagefifty-fivewiththesumofthemember'sage
24andcreditedserviceequalingatleastninety;orinthecaseofamemberwhoisservingasa
25uniformedmemberofthehighwaypatrolandsubjecttothemandatoryretirementprovisions
26ofsection104.081,thetemporaryannuityshallbepayableifthememberhasattainedatleast
27agesixty,oratleastagefifty-fivewithtenyearsofcreditedservice.
28 5.Amember,otherthanamemberwhoisservingasauniformedmemberofthe
29highwaypatrolandsubjecttothemandatoryretirementprovisionsofsection104.081,shall
30beeligibleforanearlyretirementannuityupontheattainmentofatleastagesixty-twoand
31thecompletionofatleasttenyearsofcreditedservice.Avestedformermemberwho
32terminatedemploymentpriortotheattainmentofearlyretirementeligibilityshallnotbe
33eligibleforearlyretirement.
34 6.Theprovisionsofsubsection6ofsection104.1021andsection104.344asapplied
35pursuanttosubsection7ofsection104.1021andsection104.1090shallnotapplytomembers
36coveredbythissection.
37 7.Theminimumcreditedservicerequirementsoffiveyearscontainedinsections
38104.1018,104.1030,104.1036,and104.1051shallbetenyearsformemberscoveredbythis
39section.Thenormalandearlyretirementeligibilityrequirementsinthissectionshallapply
40forpurposesofadministeringsection104.1087.
41 8.Amembershallberequiredtocontributefourpercentofthemember'spaytothe
42retirementsystem,whichshallstandtothemember'screditinhisorherindividualaccount
43withthesystem,togetherwithinvestmentcreditsthereon,forpurposesoffundingretirement
44benefitspayableundertheyear2000plan,subjecttothefollowingprovisions:
45 (1)ThestateofMissouriemployer,pursuanttotheprovisionsof26U.S.C.Section
46414(h)(2),shallpickupandpaythecontributionsthatwouldotherwisebepayablebythe
47memberunderthissection.Thecontributionssopickedupshallbetreatedasemployer
48contributionsforpurposesofdeterminingthemember'spaythatisincludableinthemember's
49grossincomeforfederalincometaxpurposes;
50 (2)Membercontributionspickedupbytheemployershallbepaidfromthesame
51sourceoffundsusedforthepaymentofpaytoamember.Adeductionshallbemadefrom
52eachmember'spayequaltotheamountofthemember'scontributionspickedupbythe
HB2234 36 53employer.Thisdeduction,however,shallnotreducethemember'spayforpurposesof
54computingbenefitsundertheretirementsystempursuanttothischapter;
55 (3)Membercontributionssopickedupshallbecreditedtoaseparateaccountwithin
56themember'sindividualaccountsothattheamountscontributedpursuanttothissectionmay
57bedistinguishedfromtheamountscontributedonanafter-taxbasis;
58 (4)Thecontributions,althoughdesignatedasemployeecontributions,shallbepaid
59bytheemployerinlieuofthecontributionsbythemember.Themembershallnothavethe
60optionofchoosingtoreceivethecontributedamountsdirectlyinsteadofhavingthempaidby
61theemployertotheretirementsystem;
62 (5)InterestshallbecreditedannuallyonJunethirtiethbasedonthevalueinthe
63accountasofJulyfirstoftheimmediatelyprecedingyearatarateoffourpercent.Effective
64June30,2014,andeachJunethirtieththereafter,theinterestcreditingrateshallbeequalto
65theinvestmentratethatispublishedbytheUnitedStatesDepartmentofTreasury,orits
66successoragency,forfifty-twoweektreasurybillsfortherelevantauctionthatisnearestto
67theprecedingJulyfirst,orasuccessortreasurybillinvestmentrateasapprovedbytheboard
68ifthefifty-twoweektreasurybillisnolongerissued.Interestcreditsshallceaseupon
69terminationofemploymentifthememberisnotavestedformermember.Otherwise,interest
70creditsshallceaseuponretirementordeath;
71 (6)Avestedformermemberoraformermemberwhoisnotvestedmayrequesta
72refundofhisorhercontributionsandinterestcreditedthereon.Ifsuchmemberismarriedat
73thetimeofsuchrequest,suchrequestshallnotbeprocessedwithoutconsentfromthespouse.
74Suchmemberisnoteligibletorequestarefundifsuchmember'sretirementbenefitissubject
75toadivisionofbenefitorderpursuanttosection104.1051.Suchrefundshallbepaidbythe
76system[after] withinanadministrativelyreasonableperiod,butnosoonerthanninety
77daysfromthedateofterminationofemployment[ortherequest,whicheverislater,and].
78Theamountrefundedshallincludeallemployeecontributionsmadetoanyretirementplan
79administeredbythesystemandinterestcreditedthereon.Avestedformermembermaynot
80requestarefundaftersuchmemberbecomeseligiblefornormalretirement.Avestedformer
81memberoraformermemberwhoisnotvestedwhoreceivesarefundshallforfeitallthe
82member'screditedserviceandfuturerightstoreceivebenefitsfromthesystemandshallnot
83beeligibletoreceiveany[long-term] disabilitybenefits;providedthatanymemberorvested
84formermemberreceiving[long-term] disabilitybenefitsshallnotbeeligibleforarefund.If
85suchmembersubsequentlybecomesanemployeeandworkscontinuouslyforatleastone
86year,thecreditedservicepreviouslyforfeitedshallberestoredifthememberreturnstothe
87systemtheamountpreviouslyrefundedplusinterestatarateestablishedbytheboard;
88 (7)Thebeneficiaryofanymemberwhomadecontributionsshallreceivearefund
89uponthemember'sdeathequaltotheamount,ifany,ofsuchcontributionsandinterest
HB2234 37 90creditedthereonlessanyretirementbenefitsreceivedbythememberunlessanannuityis
91payabletoasurvivororbeneficiaryasaresultofthemember'sdeath.Inthatevent,the
92beneficiaryofthesurvivororbeneficiarywhoreceivedtheannuityshallreceivearefund
93uponthesurvivor'sorbeneficiary'sdeathequaltotheamount,ifany,ofthemember's
94contributionslessanyannuityamountsreceivedbythememberandthesurvivoror
95beneficiary.
96 9.Theemployeecontributionrate,thebenefitsprovidedundertheyear2000planto
97memberscoveredunderthissection,andanyotherprovisionoftheyear2000planwith
98regardtomemberscoveredunderthissectionmaybealtered,amended,increased,decreased,
99orrepealed,butonlywithrespecttoservicesrenderedbythememberaftertheeffectivedate
100ofsuchalteration,amendment,increase,decrease,orrepeal,or,withrespecttointerest
101credits,forperiodsoftimeaftertheeffectivedateofsuchalteration,amendment,increase,
102decrease,orrepeal.
103 10.Forpurposesofmemberscoveredbythissection,theoptionsundersection
104104.1027shallbeasfollows:
105 Option1.
106 Aretiree'slifeannuityshallbereducedtoacertainpercentoftheannuityotherwise
107payable.Suchpercentshallbeeighty-eightandonehalfpercentadjustedasfollows:ifthe
108retiree'sageontheannuitystartingdateisyoungerthansixty-sevenyears,anincreaseof
109three-tenthsofonepercentforeachyeartheretiree'sageisyoungerthanagesixty-seven
110years;andifthebeneficiary'sageisyoungerthantheretiree'sageontheannuitystartingdate,
111adecreaseofthree-tenthsofonepercentforeachyearofagedifference;andiftheretiree's
112ageisyoungerthanthebeneficiary'sageontheannuitystartingdate,anincreaseofthree-
113tenthsofonepercentforeachyearofagedifference;provided,afteralladjustmentsthe
114option1percentcannotexceedninety-fourandonequarterpercent.Upontheretiree'sdeath,
115fiftypercentoftheretiree'sreducedannuityshallbepaidtosuchbeneficiarywhowasthe
116retiree'sspouseontheannuitystartingdateorasotherwiseprovidedbysubsection5ofthis
117section.
118 Option2.
119 Aretiree'slifeannuityshallbereducedtoacertainpercentoftheannuityotherwise
120payable.Suchpercentshallbeeighty-onepercentadjustedasfollows:iftheretiree'sageon
121theannuitystartingdateisyoungerthansixty-sevenyears,anincreaseoffour-tenthsofone
122percentforeachyeartheretiree'sageisyoungerthansixty-sevenyears;andifthe
123beneficiary'sageisyoungerthantheretiree'sageontheannuitystartingdate,adecreaseof
124five-tenthsofonepercentforeachyearofagedifference;andiftheretiree'sageisyounger
125thanthebeneficiary'sageontheannuitystartingdate,anincreaseoffive-tenthsofone
126percentforeachyearofagedifference;provided,afteralladjustmentstheoption2percent
HB2234 38 127cannotexceedeighty-sevenandthreequarterpercent.Upontheretiree'sdeathonehundred
128percentoftheretiree'sreducedannuityshallbepaidtosuchbeneficiarywhowastheretiree's
129spouseontheannuitystartingdateorasotherwiseprovidedbysubsection5ofthissection.
130 Option3.
131 Aretiree'slifeannuityshallbereducedtoninety-threepercentoftheannuity
132otherwisepayable.Iftheretireediesbeforehavingreceivedonehundredtwentymonthly
133payments,thereducedannuityshallbecontinuedfortheremainderoftheonehundred
134twenty-monthperiodtotheretiree'sdesignatedbeneficiaryprovidedthatifthereisno
135beneficiarysurvivingtheretiree,thepresentvalueoftheremainingannuitypaymentsshallbe
136paidasprovidedundersubsection3ofsection104.620.Ifthebeneficiarysurvivestheretiree
137butdiesbeforereceivingtheremainderofsuchonehundredtwentymonthlypayments,the
138presentvalueoftheremainingannuitypaymentsshallbepaidasprovidedundersubsection3
139ofsection104.620.
140 Option4.
141 Aretiree'slifeannuityshallbereducedtoeighty-sixpercentoftheannuityotherwise
142payable.Iftheretireediesbeforehavingreceivedonehundredeightymonthlypayments,the
143reducedannuityshallbecontinuedfortheremainderoftheonehundredeighty-monthperiod
144totheretiree'sdesignatedbeneficiaryprovidedthatifthereisnobeneficiarysurvivingthe
145retiree,thepresentvalueoftheremainingannuitypaymentsshallbepaidasprovidedunder
146subsection3ofsection104.620.Ifthebeneficiarysurvivestheretireebutdiesbefore
147receivingtheremainderofsuchonehundredeightymonthlypayments,thepresentvalueof
148theremainingannuitypaymentsshallbepaidasprovidedundersubsection3ofsection
149104.620.
150 11.Theprovisionsofsubsection6ofsection104.1024shallnotapplytomembers
151coveredbythissection.
152 12.EffectiveJanuary1,2018,amemberwhoisnotastatewideelectedofficialora
153memberofthegeneralassemblyshallbeeligibleforretirementunderthissubsectionsubject
154tothefollowingconditions:
155 (1)Amember'snormalretirementeligibilityshallbebasedontheattainmentofat
156leastagesixty-sevenandthecompletionofatleastfiveyearsofcreditedservice;orthe
157member'sattainmentofatleastagefifty-fivewiththesumofthemember'sageandcredited
158serviceequalingatleastninety;orinthecaseofamemberwhoisservingasauniformed
159memberofthehighwaypatrolandsubjecttothemandatoryretirementprovisionsofsection
160104.081,suchmember'sattainmentofatleastagesixtyortheattainmentofatleastagefifty-
161fivewithfiveyearsofcreditedservice;
162 (2)Avestedformermember'snormalretirementeligibilityshallbebasedonthe
163attainmentofatleastagesixty-sevenandthecompletionofatleastfiveyearsofcredited
HB2234 39 164service;exceptthat,avestedformermemberwhoterminatesemploymentafterthe
165attainmentofnormalretirementeligibilityasdefinedinsubdivision(1)ofthis
166subsectionshallbecoveredundersuchsubdivision;
167 (3)Atemporaryannuitypaidundersubsection4ofsection104.1024shallbepayable
168ifthememberhasattainedatleastagefifty-fivewiththesumofthemember'sageand
169creditedserviceequalingatleastninety;orinthecaseofamemberwhoisservingasa
170uniformedmemberofthehighwaypatrolandsubjecttothemandatoryretirementprovisions
171ofsection104.081,thetemporaryannuityshallbepayableifthememberhasattainedatleast
172agesixty,oratleastagefifty-fivewithfiveyearsofcreditedservice;
173 (4)Amember,otherthanamemberwhoisservingasauniformedmemberofthe
174highwaypatrolandsubjecttothemandatoryretirementprovisionsofsection104.081,shall
175beeligibleforanearlyretirementannuityupontheattainmentofatleastagesixty-twoand
176thecompletionofatleastfiveyearsofcreditedservice.Avestedformermemberwho
177terminatedemploymentpriortotheattainmentofearlyretirementeligibilityshallnotbe
178eligibleforearlyretirement;
179 (5)Thenormalandearlyretirementeligibilityrequirementsinthissubsectionshall
180applyforpurposesofadministeringsection104.1087;
181 (6)Thesurvivorannuitypayableundersection104.1030forvestedformermembers
182whoterminatedemploymentpriortotheattainmentofearlyretirementeligibilityand
183whoarecoveredbythissectionshallnotbepayableuntilthedeceasedmemberwouldhave
184reachedhisorhernormalretirementeligibilityunderthissubsection;
185 (7)Theannualcost-of-livingadjustmentpayableundersection104.1045shallnot
186commenceuntilthesecondanniversaryof[avestedformermember's] theannuitystarting
187dateforvestedformermemberswhoterminatedemploymentpriortotheattainmentof
188earlyretirementeligibilityandwhoarecoveredbythissubsection;
189 (8)Theunusedsickleavecreditgrantedundersubsection2ofsection104.1021shall
190notapplytomemberscoveredbythissubsectionunlessthememberterminatesemployment
191afterreachingnormalretirementeligibilityorbecomingeligibleforanearlyretirement
192annuityunderthissubsection;and
193 (9)Theminimumcreditedservicerequirementsoffiveyearscontainedinsections
194104.1018,104.1030,104.1036,and104.1051shallbefiveyearsformemberscoveredbythis
195subsection.
476.521.1.Notwithstandinganyprovisionofchapter476tothecontrary,each
2personwhofirstbecomesajudgeonorafterJanuary1,2011,andcontinuestobeajudgemay
3receivebenefitsasprovidedinsections476.445to476.688subjecttotheprovisionsofthis
4section.
HB2234 40 5 2.Anypersonwhoisatleastsixty-sevenyearsofage,hasservedinthisstatean
6aggregateofatleasttwelveyears,continuouslyorotherwise,asajudge,andceasestohold
7officebyreasonoftheexpirationofthejudge'sterm,voluntaryresignation,orretirement
8pursuanttotheprovisionsofSubsection2ofSection24ofArticleVoftheConstitutionof
9Missourimayreceivebenefitsasprovidedinsections476.515to476.565.Thetwelve-year
10requirementofthissubsectionmaybefulfilledbyserviceasjudgeinanyofthecourts
11covered,orbyserviceinanycombinationasjudgeofsuchcourts,totalinganaggregateof
12twelveyears.Anyjudgewhoisatleastsixty-sevenyearsofageandwhohasservedlessthan
13twelveyearsandisotherwisequalifiedundersections476.515to476.565mayretireafter
14reachingagesixty-seven,orthereafter,atareducedretirementcompensationinasumequal
15totheproportionoftheretirementcompensationprovidedinsection476.530thathisorher
16periodofjudicialservicebearstotwelveyears.
17 3.Anypersonwhoisatleastsixty-twoyearsofageorolder,hasservedinthisstate
18anaggregateofatleasttwentyyears,continuouslyorotherwise,asajudge,andceasestohold
19officebyreasonoftheexpirationofthejudge'sterm,voluntaryresignation,orretirement
20pursuanttotheprovisionsofSubsection2ofSection24ofArticleVoftheConstitutionof
21Missourimayreceivebenefitsasprovidedinsections476.515to476.565.Thetwenty-year
22requirementofthissubsectionmaybefulfilledbyserviceasajudgeinanyofthecourts
23covered,orbyserviceinanycombinationasjudgeofsuchcourts,totalinganaggregateof
24twentyyears.Anyjudgewhoisatleastsixty-twoyearsofageandwhohasservedlessthan
25twentyyearsandisotherwisequalifiedundersections476.515to476.565mayretireafter
26reachingagesixty-two,atareducedretirementcompensationinasumequaltotheproportion
27oftheretirementcompensationprovidedinsection476.530thathisorherperiodofjudicial
28servicebearstotwentyyears.
29 4.AlljudgesunderthissectionrequiredbytheprovisionsofSection26ofArticleV
30oftheConstitutionofMissouritoretireattheageofseventyyearsshallretireuponreaching
31thatage.
32 5.Theprovisionsofsections104.344,476.524,and476.690shallnotapplytojudges
33coveredbythissection.
34 6.Ajudgeshallberequiredtocontributefourpercentofthejudge'scompensationto
35theretirementsystem,whichshallstandtothejudge'screditinhisorherindividualaccount
36withthesystem,togetherwithinvestmentcreditsthereon,forpurposesoffundingretirement
37benefitspayableasprovidedinsections476.515to476.565,subjecttothefollowing
38provisions:
39 (1)ThestateofMissouriemployer,pursuanttotheprovisionsof26U.S.C.Section
40414(h)(2),shallpickupandpaythecontributionsthatwouldotherwisebepayablebythe
41judgeunderthissection.Thecontributionssopickedupshallbetreatedasemployer
HB2234 41 42contributionsforpurposesofdeterminingthejudge'scompensationthatisincludableinthe
43judge'sgrossincomeforfederalincometaxpurposes;
44 (2)Judgecontributionspickedupbytheemployershallbepaidfromthesamesource
45offundsusedforthepaymentofcompensationtoajudge.Adeductionshallbemadefrom
46eachjudge'scompensationequaltotheamountofthejudge'scontributionspickedupbythe
47employer.Thisdeduction,however,shallnotreducethejudge'scompensationforpurposes
48ofcomputingbenefitsundertheretirementsystempursuanttothischapter;
49 (3)Judgecontributionssopickedupshallbecreditedtoaseparateaccountwithinthe
50judge'sindividualaccountsothattheamountscontributedpursuanttothissectionmaybe
51distinguishedfromtheamountscontributedonanafter-taxbasis;
52 (4)Thecontributions,althoughdesignatedasemployeecontributions,arebeingpaid
53bytheemployerinlieuofthecontributionsbythejudge.Thejudgeshallnothavetheoption
54ofchoosingtoreceivethecontributedamountsdirectlyinsteadofhavingthempaidbythe
55employertotheretirementsystem;
56 (5)InterestshallbecreditedannuallyonJunethirtiethbasedonthevalueinthe
57accountasofJulyfirstoftheimmediatelyprecedingyearatarateoffourpercent.Effective
58June30,2023,andeachJunethirtieththereafter,theinterestcreditingrateshallbe
59equaltotheinvestmentratethatispublishedbytheUnitedStatesDepartmentof
60Treasury,oritssuccessoragency,forfifty-two-weektreasurybillsfortherelevant
61auctionthatisnearesttotheprecedingJulyfirst,orasuccessortreasurybillinvestment
62rateasapprovedbytheboardifthefifty-two-weektreasurybillisnolongerissued.
63Interestcreditsshallceaseuponretirementordeathofthejudge;
64 (6)Ajudgewhoseemploymentisterminatedmayrequestarefundofhisorher
65contributionsandinterestcreditedthereon.Ifsuchjudgeismarriedatthetimeofsuch
66request,suchrequestshallnotbeprocessedwithoutconsentfromthespouse.Ajudgeisnot
67eligibletorequestarefundifthejudge'sretirementbenefitissubjecttoadivisionofbenefit
68orderpursuanttosection104.312.Suchrefundshallbepaidbythesystemafterninetydays
69fromthedateofterminationofemploymentortherequest,whicheverislaterandshall
70includeallcontributionsmadetoanyretirementplanadministeredbythesystemandinterest
71creditedthereon.Ajudgemaynotrequestarefundaftersuchjudgebecomeseligiblefor
72retirementbenefitsundersections476.515to476.565.Ajudgewhoreceivesarefundshall
73forfeitallthejudge'sserviceandfuturerightstoreceivebenefitsfromthesystemandshall
74notbeeligibletoreceiveanylong-termdisabilitybenefits;providedthatanyjudgeorformer
75judgereceivinglong-termdisabilitybenefitsshallnotbeeligibleforarefund.Ifsuchjudge
76subsequentlybecomesajudgeandworkscontinuouslyforatleastoneyear,theservice
77previouslyforfeitedshallberestoredifthejudgereturnstothesystemtheamountpreviously
78refundedplusinterestatarateestablishedbytheboard;
HB2234 42 79 (7)Thebeneficiaryofanyjudgewhomadecontributionsshallreceivearefundupon
80thejudge'sdeathequaltotheamount,ifany,ofsuchcontributionsandinterestcredited
81thereon,lessanyretirementbenefitsreceivedbythejudgeunlessanannuityispayabletoa
82survivororbeneficiaryasaresultofthejudge'sdeath.Inthatevent,thebeneficiaryofthe
83survivororbeneficiarywhoreceivedtheannuityshallreceivearefunduponthesurvivor'sor
84beneficiary'sdeathequaltotheamount,ifany,ofthejudge'scontributionslessanyannuity
85amountsreceivedbythejudgeandthesurvivororbeneficiary.
86 7.Theemployeecontributionrate,thebenefitsprovidedundersections476.515to
87476.565tojudgescoveredunderthissection,andanyotherprovisionofsections476.515to
88476.565withregardtojudgescoveredunderthissectionmaybealtered,amended,increased,
89decreased,orrepealed,butonlywithrespecttoservicesrenderedbythejudgeafterthe
90effectivedateofsuchalteration,amendment,increase,decrease,orrepeal,or,withrespectto
91interestcredits,forperiodsoftimeaftertheeffectivedateofsuchalteration,amendment,
92increase,decrease,orrepeal.
93 8.Anyjudgewhoisreceivingretirementcompensationundersection476.529or
94476.530whobecomesemployedasanemployeeeligibletoparticipateintheclosedplanorin
95theyear2000planunderchapter104,shallnotreceivesuchretirementcompensationforany
96calendarmonthinwhichtheretiredjudgeissoemployed.Anyjudgewhoisreceiving
97retirementcompensationundersection476.529orsection476.530whosubsequentlyserves
98asajudgeasdefinedpursuanttosubdivision(4)ofsubsection1ofsection476.515shallnot
99receivesuchretirementcompensationforanycalendarmonthinwhichtheretiredjudgeis
100servingasajudge;exceptthatuponretirementsuchjudge'sannuityshallberecalculatedto
101includeanyadditionalserviceorsalaryaccruedbasedonthejudge'ssubsequentservice.A
102judgewhoisreceivingcompensationundersection476.529or476.530maycontinueto
103receivesuchretirementcompensationwhileservingasaseniorjudgeorseniorcommissioner
104andshallreceiveadditionalcreditandsalaryforsuchservicepursuanttosection476.682.
[104.130.Uponthedeathofaretiredmember,theboardshallpayto
2 suchmember'sdesignatedbeneficiariesortohisestateadeathbenefitequalto
3 theexcess,ifany,oftheaccumulatedcontributionsofthememberat
4 retirementoverthetotalamountofretirementbenefitsreceivedbysuch
5 memberpriortohisdeath.]
âś”
HB2234 43