Summary of the Introduced Bill

HB 934 -- Teachers and School Employee Retirement

Sponsor:  Graham

This bill allows both teacher and non-teacher members of the
Public School Retirement System who elected a reduced retirement
allowance with the member's spouse named as the beneficiary to
receive an increase in the member's retirement allowance if the
member divorces the spouse beneficiary after the member's
retirement.  Upon the divorce of the member and beneficiary
spouse, the member's retirement allowance will increase to the
amount that the member would have received if that member chose
a plan as an individual, rather than as a married person.  Under
current law, the member would only be able to name a subsequent
spouse as a beneficiary and only if the divorce decree provided
for sole retention of the retirement plan by the member.

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Missouri House of Representatives
Last Updated September 13, 2001 at 2:04 pm