SB 121 Specifies how duty-related death benefits are funded for the Missouri Local Government Employees' Retirement System
Sponsor: Stouffer
LR Number: 0889S.01I Fiscal Note:
Committee: Veterans' Affairs, Emerging Issues, Pensions and Urban Affairs
Last Action: 1/20/2011 - Second Read and Referred S Veterans' Affairs, Emerging Issues, Pensions and Urban Affairs Committee Journal Page: S126
Title: Calendar Position:
Effective Date: August 28, 2011

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2011 Senate Bills

Current Bill Summary


SB 121 - This act specifies how duty-related death benefits will be funded for the Missouri Local Government Employees' Retirement System (LAGERS). In the same way as when a disability benefit is due to a member of the LAGERS system, when a duty-related death benefit is due to a beneficiary, the accrued service pension reserve will be calculated, as of the effective date of the disability benefit. Contributions from political subdivisions for duty-related death benefits will be held in the Casualty Reserve Fund. Political subdivisions that participate in LAGERS will have a portion of their contributions for duty-related death benefits determined on a one-year term basis in the same way that their contribution for a portion of disability benefits is determined.

This act is similar to a provision of SS/SCS/HB 282 (2011) and HB 448 (2011).

EMILY KALMER