HB 327 -- State Employee Deferred Compensation

Sponsor:  Smith (118)

This bill changes the administrator of the Missouri State Public
Employees Deferred Compensation Fund from the Missouri State
Public Employees Deferred Compensation Commission to the board of
trustees of the Missouri State Employees' Retirement System
(MOSERS).  Deferred compensation funds may be invested as the
MOSERS board deems appropriate, including in a fund designed to
replicate MOSERS's investment program.  All administrative costs
of the program will be paid by plan participants.

The State of Missouri and the MOSERS board will not be liable for
investment decisions made by employees as long as the board acts
with due diligence in selecting the providers of investment
products.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm