HS SCS SB 290 -- RETIREMENT SYSTEMS

This bill makes changes in several local retirement systems.

PROSECUTING ATTORNEY AND CIRCUIT ATTORNEY RETIREMENT SYSTEM

The bill:

(1)  Requires contribution to the retirement system by any
county that elects to make the prosecuting attorney a full-time
position;

(2)  Delineates the amount of contribution to be made to the
system, based on county classification; and

(3)  Sets the annuity amount for a retired prosecuting attorney
in any third or fourth classification county where, after August
28, 2001, the position is full-time at 50% of the individual's
final average compensation.

POLICE RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS

The bill:

(1)  Reduces from 3 to 2 the number of years used in the
calculation of average final compensation and provides numerous
alternative calculations for individuals participating in the
Deferred Retirement Option Plan (DROP);

(2)  Explains who can participate in the DROP and how; and

(3)  Allows a one-time re-entry in the retirement system from
DROP, with certain restrictions.

POLICE RETIREMENT SYSTEM OF THE CITY OF KANSAS CITY

The bill:

(1)  Increases duty disability benefits from 60% to 75% of final
compensation; and

(2)  Increases non-duty disability benefits from 2% to 2.5% of
an individual's compensation multiplied by the individual's
years of service.

CIVILIAN EMPLOYEES' RETIREMENT SYSTEM OF THE POLICE DEPARTMENT
OF KANSAS CITY

The bill:

(1)  Prohibits reduction of the disability benefits below the
amount that the member has already contributed when a member
receives both worker's compensation benefits and disability or
death benefits; and

(2)  Restores survivor benefits to a surviving spouse who has
remarried.

OTHER PROVISIONS

The bill:

(1)  Allows sick leave compensation for St. Louis City
firefighters to be divided so that 50% of the dollar amount is
deposited in the individual's DROP account, 25% is added to the
member's final average compensation, and 25% is added to the
member's creditable service.

(2)  Removes the remarriage penalty for survivors of the St.
Joseph's Firemen's Pension Plan; and

(3)  Requires the City of St. Louis Employees' Retirement System
to provide retired member information.

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