SB 0939 Creates a partial lump-sum option for KC police officers retirement system with persons over 26 years experience
Sponsor:Wiggins Co-Sponsor(s)
LR Number:3637L.01I Fiscal Note:3637-01
Committee:Pensions and General Laws
Last Action:03/13/02 - SCS Voted Do Pass S Pensions & General Laws Journal page:
Committee (3637S.04C)
Title:SCS SB 939
Effective Date:August 28, 2002
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Current Bill Summary

SCS/SB 939 - This act revises provisions relating to the police retirement systems.

KANSAS CITY POLICE RETIREMENT SYSTEM - This act allows members with at least 26 years of service to receive an optional distribution under a partial lump-sum option plan. Requirements to make the election are provided. The method for calculating the amount of the lump sum distribution is provided. If a member chooses a lump sum distribution the base pension amount will be reduced according to the provisions in the act.

ST. LOUIS CITY POLICE - This act prohibits the St. Louis City Police Department from requiring any vested employee to live in the City of St. Louis as a condition of employment.