HB 2055 -- POLICE AND FIREMEN'S PENSION SYSTEM INVESTMENTS
(Viebrock)

COMMITTEE OF ORIGIN:  Special Committee on Retirement

Currently, investments made by boards of trustees of police and
firemen's retirement systems are subject to all terms,
conditions, limitations, and restrictions imposed upon life
insurance or casualty companies in making their investments.
This bill removes those terms, conditions, limitations, and
restrictions and requires the boards to invest the funds of the
system as permitted in Sections 105.687 - 105.690, RSMo,
regarding the duties of investment fiduciaries.

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

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