HB 1795 -- Public School Retirement Systems

Sponsor:  Wallace

Currently, no legislation can be enacted which provides for
benefit increases to members and retirees if the contribution
rate is greater than 10.5% as determined by an actuarial
valuation.  This bill removes that provision.

The bill also raises the cost-of-living cap from 80% to 90% of
the retirement allowance for all members and allows the
cost-of-living adjustments to start the second January instead of
the fourth January following the retirement date of members of
the Public Education Employee Retirement System of Missouri
(PEERS).

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:44 am