HCS SB 552 -- RETIREMENT AND PROFIT-SHARING EXEMPTIONS

SPONSOR:  Yeckel (Byrd)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Retirement by a vote of 12 to 0.

This substitute expands the list of property exempt from
attachment and execution and requires that all qualified
government retirement plans be exempt from these actions.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill prohibits qualified
government retirement plans from the actions of attachment and
execution and specifies certain profit-sharing plans which are
also exempt from these actions.

Testifying for the bill were Senator Yeckel; and Representative
Byrd.

OPPONENTS:  There was no opposition voiced to the committee.

Joseph Deering, Legislative Analyst

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am