HB 629 Modifies provisions relating to the Police Retirement System of Kansas City, Kansas City Public School Retirement System, and Public School Retirement System of the City of St. Louis

Current Bill Summary

- Prepared by Senate Research -


HB 629 - This act modifies provisions relating to the Kansas City Police Retirement System, Kansas City Public School Retirement System, and St. Louis Public School Retirement System.

POLICE RETIREMENT SYSTEM OF KANSAS CITY - 86.1270, 86.1630

This act provides that a nonspouse beneficiary who receives an eligible rollover distribution from the Police Retirement System of Kansas City or the Civilian Employees' Retirement System of the Police Department of Kansas City may have such distribution directly paid to an individual retirement account, an individual retirement annuity, or a Roth individual retirement account.

This provision is identical to provisions contained SCS/SB 300 (2015) and HB 515 (2015).

KANSAS CITY PUBLIC SCHOOL RETIREMENT SYSTEM - 169.291

For KC-PSRS, this act reduces the number of trustees elected by the members of the retirement system from four to three beginning at the election in 2016. Beginning at the election in 2016, one member will be a teacher or administrator of a charter school located in the Kansas City School District. This trustee will be elected for a term of four years by the members of the retirement system.

This provision is identical to provisions contained in HCS/SCS/SB 300 (2015) and HCS/SCS/SB 270 (2015).

PUBLIC SCHOOL RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS - 169.450

The act modifies the composition of the board of trustees of the Public School Retirement System of the City of St. Louis. This act modifies the qualifications for the four trustees elected by and from the active members. At least two trustees will be teachers, not more than one trustee will be a nonteacher, and beginning in 2016, one trustee will be a teacher or administrator of a charter school located in the St. Louis City School District.

This provision is identical to provisions contained in HCS/SCS/SB 300 (2015) and HCS/SCS/SB 270 (2015).

JESSI BAKER


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