|SB 0939||Creates a partial lump-sum option for KC police officers retirement system with persons over 26 years experience|
|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:|
|Title:||SCS SB 939|
|Effective Date:||August 28, 2002|
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.