HB 2113 -- Public Employee Retirement Systems

Sponsor:  Koenig

This bill changes certain public employee retirement systems from
defined benefit plans to defined contribution plans as they apply
to persons hired on or after January 1, 2011.  The following
plans are changed:

(1)  County Employees' Retirement Plan under Chapter 50, RSMo;

(2)  Prosecuting Attorneys and Circuit Attorneys Retirement Fund
under Chapter 56;

(3)  Sheriffs' Retirement Fund under Chapter 57;

(4)  Missouri Local Government Employees' Retirement System under
Chapter 70;

(5)  Police retirement systems under Chapter 86;

(6)  Civilian employees' retirement systems of police departments
under Chapter 86;

(7)  Firemen's retirement systems under Chapter 87;

(8)  Missouri Department of Transportation and Highway Patrol
Employees' Retirement System under Chapter 104;

(9)  Missouri State Employees' Retirement System under Chapter
104;

(10)  Public school and public education employee retirement
systems under Chapter 169; and

(11)  Fire protection district retirement systems under Chapter
321.

An employer will be required to contribute between 3% and 11% of
an employee's salary to the employee's plan, and an employee can
contribute any amount up to the maximum annual contribution
allowed by federal law.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:13 pm