HCS HB 1774 -- PUBLIC SCHOOL RETIREMENT SYSTEM OF MISSOURI

SPONSOR:  Wallace

COMMITTEE ACTION:  Voted "do pass by consent" by the Special
Committee on Retirement by a vote of 6 to 0.

This substitute requires the Public School Retirement System of
Missouri when calculating a member's final average salary to
disregard any increase in compensation in excess of 10% from one
year to the next in the final average salary period for the
superintendent of schools or other certified central office
personnel of a school district or 20% for any other member.

The substitute contains an emergency clause.

FISCAL NOTE:  No impact on state funds in FY 2009, FY 2010, and
FY 2011.

PROPONENTS:  Supporters say that the bill is needed to keep
members who are retiring, other than superintendents and
certified central office staff, from being penalized for certain
salary increases.  The intent of Senate Bill 406 passed in 2007
was to keep superintendents and other central office staff from
increasing their pay to benefit their retirement.

Testifying for the bill were Representatives Wallace and Lampe;
Missouri State Teachers Association; Missouri National Education
Association; and Missouri School Boards Association.

OPPONENTS:  Those who oppose the bill say that they support
reverting back to the 20% maximum annual increase that was
regulated by the retirement system, and it should apply to all
certificated employees.

Testifying against the bill was Missouri Council of School
Administrators.

OTHERS:  Others testifying on the bill say that an emergency
clause would be very helpful.  It will be easier to administer if
everyone is at 20%.

Testifying on the bill was Public School Retirement System of
Missouri.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm