HB 1972 -- PUBLIC SCHOOL RETIREMENT SYSTEMS

SPONSOR:  Franz

COMMITTEE ACTION:  Voted "do pass by consent" by the Special
Committee on Retirement by a vote of 7 to 0.

Beginning July 1, 2009, this bill prohibits any additional
nonprofit educational associations or organizations from becoming
members of the Public School Retirement System of Missouri or the
Public Education Employee Retirement System of Missouri.

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

PROPONENTS:  Supporters say that the bill is necessary to keep
the retirement system within the scope of current federal
Internal Revenue Service guidelines.

Testifying for the bill were Representative Franz; and Public
School Retirement System of Missouri.

OPPONENTS:  There was no opposition voiced to the committee.

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