SB 316 -- JOINT RULES PROMULGATION FOR SCHOOL RETIREMENT SYSTEMS

SPONSOR:  Stoll (Hagan-Harrell)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Retirement by a vote of 8 to 0.

This bill directs the 4 retirement systems serving teacher and
nonteacher employees of public schools to promulgate joint rules
for the recognition of service toward retirement eligibility
under any of the systems.  The rules must not permit transfer of
creditable service or system assets.  The rules must be filed
with the Joint Committee on Public Employee Retirement at least
30 days before any retirement system board meeting at which
rules are voted upon and must be approved by a majority of all
trustees of each board.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill allows the boards of
the 4 retirement systems to study and establish proposed rules
for allowing the combination of service when a teacher retires.

Testifying for the bill were Senator Stoll; Public School
Retirement System; Missouri State Teachers Association; and
Missouri National Education Association.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated November 26, 2001 at 11:47 am