HB 1899 -- Police Chiefs' and Officers' Retirement Fund

Sponsor:  Dugger

This bill creates the Police Chiefs' and Officers' Retirement
Fund to be administered by a five-member board of police officers
and police chiefs.  The fund will consist of gifts, donations,
grants, bequests, and a $2 surcharge in all criminal cases,
including county or municipal ordinance violations or any state
traffic violation including an infraction.  The surcharge will
not be assessed when the costs are waived or are to be paid by
the state, county, or municipality; when a criminal proceeding or
the defendant has been dismissed; or when a person has pled
guilty and paid a fine to the Central Violations Bureau.  The
General Assembly and the county governing body cannot appropriate
moneys to the fund.

The normal annuity of a retired member will be $1,000 per month
paid at the discretion of the board on the advice of the actuary
that the board is required to retain.  The bill specifies the
terms of eligibility and how creditable service is determined.
Eligible members can begin drawing the annuity on January 1 after
four years from the fund's creation, and no survivor benefits are
payable.

Any benefits payable under the fund will be exempt from any local
or state taxes; assignable; or subject to execution, garnishment,
attachment, writ of sequestration, or any other process or claim.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:12 pm