HB 662 -- SHERIFFS' RETIREMENT SYSTEM

This bill raises the monthly payment for medical insurance
premiums for retired members of the sheriffs' retirement system
from $300 to $450.  Currently, the cost-of-living adjustment has
a 50% lifetime cap based on the initial benefit; the bill
changes this to an annual cap of 5%.

HB 662 -- SHERIFFS' RETIREMENT (Crump)

This bill raises the monthly payment for medical insurance
premiums for retired members of the sheriffs' retirement system
from $300 to $450.  Currently, the cost-of-living adjustment has
a 50% lifetime cap based on the initial benefit; the bill
changes this to an annual cap of 5%.

FISCAL NOTE:  No impact on state funds.

HB 662 -- SHERIFFS' RETIREMENT

SPONSOR:  Crump

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Retirement by a vote of 10 to 0.

This bill raises the monthly payment for medical insurance
premiums for retired members of the sheriffs' retirement system
from $300 to $450.  Currently, the cost-of-living adjustment has
a 50% lifetime cap based on the initial benefit; the bill
changes this to an annual cap of 5%.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that this bill will raise monthly
payments for medical insurance for 75 retired members of the
sheriffs' retirement system and change how the cost-of-living
adjustment cap is set.  The bill is really enabling legislation,
because the system's board of directors will have the final say.

Testifying for the bill were Representative Crump; Missouri
Sheriffs' Retirement System; and Missouri Sheriffs' Association.

OPPONENTS:  There was no opposition voiced to the committee.

Becky DeNeve, Legislative Analyst

HB 662 -- Sheriffs' Retirement

Sponsor:  Crump

This bill raises the monthly payment for medical insurance
premiums for retired members of the sheriffs' retirement system
from $300 to $450.  Currently, the cost-of-living adjustment has
a 50% lifetime cap based on the initial benefit; the bill
changes this to an annual cap of 5%.