SCS/SB 466 - This act provides temporary retirement incentives and medical incentives for employees currently eligible to retire under the Missouri State Employees' Retirement System (MOSERS).
This act provides that employees currently eligible to retire will receive medical coverage for himself or herself and any eligible dependent at the active employee rate. The active employee rate will then revert to the regular retiree rate after three years or Medicare eligibility, which ever occurs first. The eligibility period is for all active members whose retirement annuity commences on or after June 1, 2005, but no later than September 1, 2005.
All of the vacated positions are held to a twenty-five percent re-hire limitation, with exceptions for critical,seasonal or federally funded positions. The exceptions are defined by rules promulgated from the Office of Administration. The retiree will be prohibited from any employment with any department for a period of three years from the date of election.
This act has an emergency clause.