|
SB 43 - Current law provides that if a political subdivision elects to change retirement coverage to members of the Missouri Local Government Employees’ Retirement System (LAGERS) under one of the current benefit programs, that a larger allowance under a changed benefit program shall apply to past and future employment. This act provides that if a political subdivision changes coverage of members of LAGERS under one of the benefit programs, and the program chosen will provide a larger allowance than the previously elected program, that such larger benefit may apply to the past and future service of the members, upon election of the majority of the governing body. This act is similar to SB 1228 (2006). ALEXA PEARSON
|