HB 1455 -- PUBLIC RETIREMENT SYSTEMS

SPONSOR:  O'Toole

COMMITTEE ACTION:  Voted "do pass" by the Committee on Retirement
by a vote of 9 to 0.

Under current law, a retired employee electing to retire under
the deferred retirement option must elect to take the entire
amount of eligible service.  This bill allows the retiree to
elect to take any portion of the eligible service in 12-month
increments.

The bill contains an emergency clause.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill corrects a problem with
the retirement drop bill passed last year.  The bill will give
employees a choice of how many years they wish to use when taking
the retirement drop option.

Testifying for the bill were Representative O'Toole; Missouri
Highway and Transportation Employees' and Highway Patrol
Retirement System; State Highway and Transportation Employees'
Association of Missouri; and Missouri Troopers' Association.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated October 11, 2002 at 9:01 am