SCS/SB 823 - This act provides that a participant of any retirement system established by the state of Missouri or any political subdivision who is found guilty of certain felonies specified in the act and committed in direct connection to the participant's employment will forfeit retirement benefits based on service rendered on or after the enactment of this act. The participant may still request a refund of the contributions made to the plan including interest.
Upon a finding of guilt, the court shall notify the appropriate retirement system of its finding. The court shall also make a determination on the value of the money property, or services involved in committing the offense. All retirement plans established by the state or a political subdivision, and any instrumentality of the state providing plan benefits shall take all actions in order to implement the provisions of this act.
The act contains an emergency clause.
This act is similar to SB 550 (2014) and identical to provisions contained in the truly agreed to and finally passed version of HB 1217 (2014).