HB 1973 -- PUBLIC SCHOOL RETIREMENT SYSTEM

SPONSOR:  Franz

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

To the extent determined appropriate by the board of trustees,
this bill allows the Public School Retirement System of Missouri
and the Public Education Employee Retirement System of Missouri
to indemnify and protect any trustee or employee against
liability claims.  No employee or trustee will be entitled to
indemnification for his or her gross negligence or willful
misconduct or unless written notice is given to the board within
15 days of receiving a service of process.

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

PROPONENTS:  Supporters say that the bill will allow the Public
School Retirement System of Missouri to purchase liability
insurance for its board members and employees to indemnify them
against liability claims.  This will extend the same statutory
guidance other retirement systems currently have.

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