SB 293 Transfers administration of the Deferred Compensation Fund to the Board of Trustees for Missouri State Employees' Retirement System
Sponsor: Vogel
LR Number: 1515S.01I Fiscal Note: 1515-01
Committee: Financial & Governmental Organizations and Elections
Last Action: 4/2/2007 - Hearing Conducted S Financial & Governmental Organizations and Elections Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary


SB 293 - Currently, the Missouri State Public Employees Deferred Compensation Fund is administered by the Missouri State Public Employees Deferred Compensation Commission. This act provides that beginning August 28, 2007, the Deferred Compensation Fund shall be administered by the Board of Trustees for the Missouri State Employees Retirement System (MOSERS).

The act also provides that two of the commissioners serving on the Deferred Compensation Commission prior to the effective date of this act, including one of the members of the General Assembly, shall remain as ex officio members of the MOSERS Board of Trustees solely for the purpose of sharing duties of administering the Deferred Compensation Fund. One such ex officio board member shall cease service with the board as of August 28, 2008, and the other ex officio board member shall cease service as of August 28, 2009.

ALEXA PEARSON