SECONDREGULARSESSION HOUSEBILLNO.2236 101STGENERALASSEMBLY INTRODUCEDBYREPRESENTATIVEBLACK(7). 4584H.01I DANARADEMANMILLER,ChiefClerk ANACT Torepealsections104.380and104.1039,RSMo,andtoenactinlieuthereoftwonew sectionsrelatingtoretirementsystems. BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: SectionA.Sections104.380and104.1039,RSMo,arerepealedandtwonewsections 2enactedinlieuthereof,tobeknownassections104.380and104.1039,toreadasfollows: 104.380.1.Ifaretiredmemberiselectedtoanystateofficeorisappointedtoany 2stateofficeorisemployedbyadepartmentinapositionnormallyrequiringtheperformance 3bythepersonofdutiesduringnotlessthanonethousandfortyhoursperyear,themember 4shallnotreceiveanannuityforanymonthorpartofamonthforwhichthememberservesas 5anofficeroremployee,butthemembershallbeconsideredtobeanewemployeewithno 6previouscreditableserviceandmustaccruecreditableservicecontinuouslyforatleastone 7yearinordertoreceiveanyadditionalannuity.Anyretiredmemberwhoagainbecomesan 8employeeandwhoaccruesadditionalcreditableserviceandlaterretiresshallreceivean 9additionalamountofmonthlyannuitycalculatedtoincludeonlythecreditableserviceandthe 10averagecompensationearnedbythemembersincesuchemploymentorcreditableservice 11earnedasamemberofthegeneralassembly.Yearsofmembershipserviceandtwelfthsofa 12yeararetobeusedincalculatinganyadditionalannuityexceptforcreditableserviceearned 13asamemberofthegeneralassembly,andsuchadditionalannuityshallbebasedonthetype 14ofserviceaccrued.Ineitherevent,theoriginalannuityandtheadditionalannuity,ifany, 15shallbepaidcommencingwiththeendofthefirstmonthafterthemonthduringwhichthe 16member'stermofofficehasbeencompleted,orthemember'semploymentterminated.Ifa 17retiredmemberisemployedbyadepartmentinapositionthatdoesnotnormallyrequirethe EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18persontoperformdutiesduringatleastonethousandfortyhoursperyear,themembershall 19notbeconsideredanemployeeasdefinedpursuanttosection104.010.Aretiredmember 20whobecomesreemployedasanemployeeonorafterAugust28,2001,inapositioncovered 21bytheMissouridepartmentoftransportationandhighwaypatrolemployees'retirement 22systemshallnotbeeligibletoreceiveretirementbenefitsoradditionalcreditableservicefrom 23thestateemployees'retirementsystem.Annualbenefitincreasespaidundersection104.415 24shallnotaccruewhilearetiredmemberisemployedasdescribedinthissection.Anyfuture 25annualbenefitincreasespaidafterthememberterminatessuchemploymentwillbepaidin 26thesamemonthasthemember'soriginalannualbenefitincreaseswerepaid.Benefitspaid 27undersubsection3ofsection104.374arenotapplicabletoanyadditionalannuitypaidunder 28thissection. 29 2.Upontheendofreemployment,asdescribedinsubsection1ofthissection,a 30retireemaymakeanelectionunderoption1oroption2ofsubsection1ofsection 31104.395underthefollowingcircumstances: 32 (1)Thememberelectedtoreceivealifeannuityandwasnoteligibletoelect 33option1oroption2ofsubsection1ofsection104.395ontheoriginalannuitystarting 34date;and 35 (2)Themembermarriedduringreemployment. 36 3.Amembershallmaketheelectiondescribedinsubsection2ofthissection 37withinninetydaysofthefirstdayofthemonthfollowingtheterminationof 38reemployment.Suchelectionshallapplytoboththeoriginalandadditionalannuity. 39Suchelectionshallbeprospectiveandeffectivethefirstdayofthemonthfollowingthe 40dateofelection. 104.1039.1.Ifaretireeisemployedasanemployeebyadepartment,theretiree 2shallnotreceiveanannuitypaymentforanycalendarmonthinwhichtheretireeisso 3employed.Whilereemployedtheretireeshallbeconsideredtobeanewemployeewithno 4previouscreditedserviceandmustaccruecreditedservicecontinuouslyforatleastoneyear 5inordertoreceiveanyadditionalannuity.Suchretireeshallreceiveanadditionalannuityin 6additiontotheoriginalannuity,calculatedbasedonlyonthecreditedserviceandthepay 7earnedbysuchretireeduringreemploymentandpaidinaccordancewiththeannuityoption 8originallyelectedorasprovidedinsubsection2ofthissection; providedsuchretireewho 9ceasestoreceiveanannuitypursuanttothissectionshallnotreceivesuchadditionalannuity 10ifsuchretireeisemployedbyadepartmentinapositionthatiscoveredbyastate-sponsored 11definedbenefitretirementplannotcreatedpursuanttothischapter.Theoriginalannuityand 12anyadditionalannuityshallbepaidcommencingasoftheendofthefirstmonthafterthe 13monthduringwhichtheretiree'sreemploymentterminates.Cost-of-livingadjustmentspaid 14undersection104.1045shallnotaccruewhilearetireeisemployedasdescribedinthis HB2236 2 15section.Anyfuturecost-of-livingadjustmentspaidaftertheretireeterminatessuch 16employmentwillbepaidinthesamemonthastheretiree'soriginalannualbenefitincreases 17werepaid. 18 2.Upontheendofreemployment,asdescribedinsubsection1ofthissection,a 19retireemaymakeanelectionunderoption1oroption2ofsubsection1ofsection 20104.1027underthefollowingcircumstances: 21 (1)Thememberelectedtoreceivealifeannuityandwasnoteligibletoelect 22option1oroption2ofsubsection1ofsection104.1027ontheoriginalannuitystarting 23date;and 24 (2)Themembermarriedduringreemployment. 25 3.AmemberoftheMissouristateemployeesretirementsystemshallmakethe 26electiondescribedinsubsection2ofthissectionwithinninetydaysofthe 27commencementoftheannuityandadditionalannuity.Suchelectionshallapplyto 28boththeoriginalandadditionalannuity.Suchelectionshallbeprospectiveand 29effectivethefirstdayofthemonthfollowingthedateofelection. 30 4.AmemberoftheMissouridepartmentoftransportationandhighwaypatrol 31employees'retirementsystemshallmaketheelectiondescribedinsubsection2ofthis 32sectionduringtheretirementapplicationprocess.Suchelectionshallapplytoboththe 33originalandadditionalannuity.Suchelectionshallbeprospectiveandeffectivethefirst 34dayofthemonthfollowingthedateofelection. ✔ HB2236 3