HB 746 -- Police Retirement System of St. Louis

Sponsor:  Franz

This bill increases the supplemental benefit that retired members
of the Police Retirement System of St. Louis receive from $10 to
$15 per month multiplied by the number of years the member's age
exceeds 60 years.

Beginning October 1, 2007, the aggregate method of calculating
the actuarial value of retirement benefits will change to the
entry age normal funding method.  The actuarial valuation
projection will be amortized over a 30-year period.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:20 am