HB 395 -- Kansas City Public School Retirement System

Sponsor:  Skaggs

This bill primarily makes changes to the Kansas City School
Retirement System to clarify the relationship of charter school
employees to the retirement system.  The bill adds to the
charter school employee statute (Section 160.420, RSMo) a
statement that charter school employees will be considered
public school employees for purposes of retirement.  If a school
system lapses, charter school personnel will continue to
participate in the retirement system as they did before the
lapse.  The bill adds definitions of "charter school" and
"employee" to the Kansas City School Retirement System and adds
charter schools to the definition of "employer" and the
governing board of a charter school to the definition of
"employer's board."  The bill adds the lapse of the corporate
structure of the district to the list of contingencies faced by
the school retirement system and clarifies that the retirement
system will continue to be governed by existing statute and
rule.  The bill revises requirements about the board to
anticipate the consequences of loss of members appointed by the
school board from the retirement system's governing board.  The
bill prohibits the transfer of assets or merger of the
retirement system upon lapse of the district without the
approval of the retirement system board.

The bill also raises the current limit of 530 hours on
reemployment after retirement without loss of benefits to 600
hours.  The bill adds provisions concerning the reemployment of
retired members that clarify that the amount of the pension
attributable to the person's first period of employment will not
be changed by reemployment, but if the person becomes an active
member and earns more creditable service and retires a second
time, the person's pension will be the pension the person was
receiving when he or she was reeemployed plus the amount of any
increase the person would have gotten if pension payments had
not been suspended and an additional pension using the formula
in effect on the date of the person's second retirement, using
the creditable service and the final average compensations from
the second period of employment.  If an inactive member becomes
an active member after June 30, 2001, the person's pension will
be calculated separately for each separate period ending with a
break in service, unless the person earns at least 4 years of
creditable service without a break.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:43 am