HB 725 -- Highway and Transportation Employees' and Highway
Patrol Retirement System
Members of the Highways and Transportation Employees' and
Highway Patrol Retirement System first employed on or after
August 28, 1997, are entitled to an annual benefit increase
based on 80% of the consumer price index increase and limited to
no more than 5% of the monthly benefit before the increase.
Members employed before August 28, 1997, are entitled to an
increase on the same basis once they reach the cumulative cap of
65% of the monthly benefit. Survivors of members are entitled
to an annual increase calculated in the same way. Such
increases, as well as special consultant increases, are payable
monthly beginning on a date specified by the board.
Missouri House of Representatives' Home Page
Last Updated August 11, 1997 at 4:19 pm