HB2430--PUBLICSCHOOLRETIREMENTSYSTEM
SPONSOR: Black(007)
COMMITTEEACTION:Voted"DoPass"bytheStandingCommitteeon
Pensionsbyavoteof11to0.
ThisbillallowsmembersofthePublicSchoolRetirementSystemof
Missouriwhohave32ormoreyearsofcreditableservice,
regardlessofage,tohavetheirretirementallowancecalculated
usingamultiplierof2.55%.
ThisbillissimilartoHB811(2021).
PROPONENTS: Supporterssaythatthisbillwouldhelpwithteacher
retentionasitprovidesanincentivetoremainintheclassroom
afterretirementeligibility. Evidencewaspresentedtoindicate
howthepensionsystemcouldbebetteroffifmorememberschose
thisoption,andspecificexampleswerediscussed.
TestifyingforthebillwereRepresentative Black;MissouriNEA;
ArnieC.ACDienoff;PublicSchoolRetirementSystem;MikeWood,
MissouriStateTeachersAssociation;andMissouriRetiredTeacher
Association.
OPPONENTS: Therewasnooppositionvoicedtothecommittee.
Writtentestimonyhasbeensubmittedforthisbill.Thefull
writtentestimonycanbefoundunderTestimonyonthebillpageon
theHousewebsite.