SB 980 Allows retired members of MOSERS and MPERS who are rehired and reimburse the system for benefits received to recalculate credible service
Sponsor: Schaefer
LR Number: 6226S.01I Fiscal Note available
Committee: Seniors, Families and Pensions
Last Action: 4/15/2014 - Hearing Conducted S Seniors, Families and Pensions Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary

SB 980 - This act provides that if a retired member of the Missouri Department of Transportation and Highway Patrol Employees' Retirement System or the Missouri State Employees' Retirement System who following retirement is rehired or appointed as a state employee reimburses the retirement system for any amounts received as retirement benefits then such member shall be treated as an active member of the system, and such member's creditable service will be calculated as if the member had not retired.