| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.686 |
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| 3 | 3 | | 103RDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVESTEINMEYER. |
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| 5 | 5 | | 1619H.01I DANARADEMANMILLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Torepealsections104.490,104.1060,and104.1092,RSMo,andtoenactinlieuthereoffour |
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| 8 | 8 | | newsectionsrelatingtopublicemployeeretirementbenefits. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Sections104.490,104.1060,and104.1092,RSMo,arerepealedandfour |
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| 11 | 11 | | 2newsectionsenactedinlieuthereof,tobeknownassections104.490,104.1060,104.1092, |
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| 12 | 12 | | 3and105.695,toreadasfollows: |
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| 13 | 13 | | 104.490.1.Shouldanyerrorresultinanymemberorbeneficiaryreceivingmoreor |
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| 14 | 14 | | 2lessthanheorshewouldhavebeenentitledtoreceivehadtheerrornotoccurred,theboard |
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| 15 | 15 | | 3shallcorrectsucherror,and,asfaraspracticable,torecoveranyoverpayments,mayaccept |
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| 16 | 16 | | 4singlesumorinstallmentrepaymentormakefuturepaymentsinsuchamannerthatthe |
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| 17 | 17 | | 5actuarialequivalentofthebenefittowhichsuchmemberorbeneficiarywasentitledshallbe |
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| 18 | 18 | | 6paid[, andtothisendmayrecoveranyoverpayments]. Inallcasesinwhichsucherrorhas |
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| 19 | 19 | | 7beenmade,nosucherrorshallbecorrectedunlessthesystemdiscoversorisnotifiedofsuch |
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| 20 | 20 | | 8errorwithintenyearsafterthemember'sannuitystartingdateorthedateoferror,whichever |
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| 21 | 21 | | 9occurslater.Incasesoffraud,anyerrordiscoveredshallbecorrectedwithoutconcerntothe |
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| 22 | 22 | | 10amountoftimethathaspassed. |
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| 23 | 23 | | 11 2.Apersonwhoknowinglymakesafalsestatement,orfalsifiesorpermitstobe |
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| 24 | 24 | | 12falsifiedarecordofthesystem,inanattempttodefraudthesystemissubjecttofineor |
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| 25 | 25 | | 13imprisonmentpursuanttotheMissourirevisedstatutes. |
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| 26 | 26 | | 14 3.TheboardoftrusteesoftheMissouristateemployees'retirementsystemshall |
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| 27 | 27 | | 15ceasepayingbenefitstoanysurvivororbeneficiarywhoischargedwiththeintentional |
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| 28 | 28 | | 16killingofamemberwithoutlegalexcuseorjustification.Asurvivororbeneficiarywhois |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 17convictedofsuchchargeshallnolongerbeentitledtoreceivebenefits.Ifthesurvivoror |
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| 31 | 31 | | 18beneficiaryisnotconvictedofsuchcharge,theboardshallresumepaymentofbenefitsand |
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| 32 | 32 | | 19shallpaythesurvivororbeneficiaryanybenefitsthatweresuspendedpendingresolutionof |
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| 33 | 33 | | 20suchcharge. |
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| 34 | 34 | | 104.1060.1.Shouldanyerrorresultinanypersonreceivingmoreorlessthanthe |
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| 35 | 35 | | 2personwouldhavebeenentitledtoreceivehadtheerrornotoccurred,theboardshallcorrect |
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| 36 | 36 | | 3sucherror,and,asfaraspracticable,torecoveranyoverpayments,mayacceptsinglesum |
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| 37 | 37 | | 4orinstallmentrepaymentormakefuturepaymentsinsuchamannerthattheactuarial |
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| 38 | 38 | | 5equivalentoftheannuitytowhichsuchpersonwasentitledshallbepaid[, andtothisendmay |
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| 39 | 39 | | 6recoveranyoverpayments]. Inallcasesinwhichsucherrorhasbeenmade,nosucherror |
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| 40 | 40 | | 7shallbecorrectedunlessthesystemdiscoversorisnotifiedofsucherrorwithintenyearsafter |
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| 41 | 41 | | 8themember'sannuitystartingdateorthedateoferror,whicheveroccurslater.Incasesof |
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| 42 | 42 | | 9fraud,anyerrordiscoveredshallbecorrectedwithoutconcerntotheamountoftimethathas |
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| 43 | 43 | | 10passed. |
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| 44 | 44 | | 11 2.Apersonwhoknowinglymakesafalsestatement,orfalsifiesorpermitstobe |
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| 45 | 45 | | 12falsifiedarecordofthesystem,inanattempttodefraudthesystemshallbesubjecttofineor |
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| 46 | 46 | | 13imprisonmentundertheMissourirevisedstatutes. |
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| 47 | 47 | | 14 3.Aboardshallnotpayanannuitytoanysurvivororbeneficiarywhoischargedwith |
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| 48 | 48 | | 15theintentionalkillingofamember,retireeorsurvivorwithoutlegalexcuseorjustification.A |
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| 49 | 49 | | 16survivororbeneficiarywhoisconvictedofsuchchargeshallnolongerbeentitledtoreceive |
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| 50 | 50 | | 17anannuity.Ifthesurvivororbeneficiaryisnotconvictedofsuchcharge,theboardshall |
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| 51 | 51 | | 18resumeannuitypaymentsandshallpaythesurvivororbeneficiaryanyannuitypaymentsthat |
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| 52 | 52 | | 19weresuspendedpendingresolutionofsuchcharge. |
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| 53 | 53 | | 104.1092.1.Inlieuofretirementannuitybenefitsotherwisepayableunderthe |
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| 54 | 54 | | 2closedplanoryear2000plan,anymemberwhohasterminatedemployment,isentitledtoa |
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| 55 | 55 | | 3deferredannuity,andhasnotyetreachednormalretirementageoreligibilitymaymakea |
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| 56 | 56 | | 4one-timeelectiontoreceivealumpsumpaymentequaltoapercentageofthepresentvalueof |
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| 57 | 57 | | 5suchmember'sdeferredannuityshouldaboardchoosetoestablishsuchaprogrambyboard |
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| 58 | 58 | | 6rulepursuanttosection104.1063. |
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| 59 | 59 | | 7 2.Anysuchelectionundersubsection1ofthissectionmaybemadebythemember |
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| 60 | 60 | | 8beginningon[adateasestablishedbytheboardundersuchprogrambutnot]orafter[May |
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| 61 | 61 | | 931,2018.AfterMay31,2018,nosuchelectionshallbemadeandretirementannuitybenefits |
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| 62 | 62 | | 10shallonlybepaidasotherwiseprovidedbylawunderthischapter] January1,2026. |
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| 63 | 63 | | 11 3.Anysuchmembermakingsuchelectionundersubsection1ofthissectionshall |
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| 64 | 64 | | 12forfeitallsuchmember'screditableorcreditedserviceandfuturerightstoreceiveretirement |
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| 65 | 65 | | 13annuitybenefitsfromthesystemunderthischapterandshallnotbeeligibletoreceiveany |
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| 66 | 66 | | 14long-termdisabilitybenefits.Ifsuchmembersubsequentlybecomesanemployee,such |
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| 67 | 67 | | HB686 2 15membershallbeconsideredanewemployeewithnopriorcreditedserviceandshallbe |
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| 68 | 68 | | 16subjecttotheprovisionsofsection104.1091. |
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| 69 | 69 | | 105.695.1.Nocontributionorexpenditureofsystemfundsshallbemade |
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| 70 | 70 | | 2directlybyanypublicpensionsystemtoadvocate,support,oropposethepassageor |
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| 71 | 71 | | 3defeatofanyballotmeasureorthenominationorelectionofanycandidateforpublic |
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| 72 | 72 | | 4office.Norshallanysystemfundspayanydebtsorobligationsof,anycommittee |
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| 73 | 73 | | 5supportingoropposingsuchballotmeasuresorcandidates. |
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| 74 | 74 | | 6 2.Forthepurposesofthissection,theterm"system"shallbedefinedasany |
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| 75 | 75 | | 7retirementsystemestablishedbythestateofMissourioranypoliticalsubdivisionor |
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| 76 | 76 | | 8instrumentalityofthestateforthepurposeofprovidingplanbenefitsforelectedor |
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| 77 | 77 | | 9appointedpublicofficialsoremployeesofthestateofMissourioranypolitical |
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| 78 | 78 | | 10subdivisionorinstrumentalityofthestate. |
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| 79 | 79 | | âś” |
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| 80 | 80 | | HB686 3 |
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