SB 270
Modifies public retirement systems
Sponsor:
LR Number:
1396H.04C
Last Action:
5/15/2015 - In Conference--SCS for SB 270-Nasheed, with HCS, as amended
Journal Page:
Title:
HCS SCS SB 270
Calendar Position:
Effective Date:
August 28, 2015
House Handler:

Current Bill Summary

CCS/HCS/SCS/SB 270 - This act modifies provisions relating to public retirement systems.

POLICE RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS: This act repeals references to the Board of Police Commissioners and transfers its former duties to either the Chief of Police or the system's board of trustees.

This act modifies the composition of the medical board. Currently, the medical board is composed of three physicians of different disciplines appointed by the system's trustees. This act provides that the medical board will be a health care organization appointed by the system's trustees. In addition, the medical board, rather than a medical director and appointed physicians, is responsible for the arrangement of all medical examinations and investigations in connection with an application for disability retirement. This act also repeals provisions of law that state that opinions and recommendations to the board of trustees regarding disability retirement can be based upon the opinion of a single member or that of an outside specialist, if one is appointed.

These provisions are identical to HB 515 (2015) and provisions contained in HCS/SB 283 (2015) and HCS/SCS/SB 300 (2015). (Sections 86.200 to 86.320)

MOSERS & MPERS: This act permits a retired state employee who is elected to a state office, appointed to a state office, or is reemployed by a state department to reimburse the MOSERS or MPERS retirement systems any retirement benefits paid to him or her plus interest. In such a situation, the retired employee will be considered as having not retired for creditable service purposes. (Sections 104.037, 104.380 & 104.1039)

THEFT: This act requires the employer of any public pension plan participant who is charged or convicted of certain felony theft offenses that are committed in direct connection with or directly related to the participant's duties as an employee to notify the appropriate retirement system. The employer must provide information in connection with such charge or conviction.

This section is similar to HB 752 (2015). (Section 105.669)

PUBLIC SCHOOL RETIREMENT SYSTEM OF MISSOURI: Current law permits a person receiving a retirement allowance to nominate a successor beneficiary under certain circumstances. This act requires a nomination of a successor beneficiary to be filed within one year, instead of the current ninety days, of the remarriage.

This act allows a retired member of PSRS who has elected to receive a reduced retirement allowance in order to nominate a successor beneficiary for his or her retirement allowance to receive his or her full retirement allowance under Option 1 if: the retired member becomes divorced from the nominated beneficiary on or after September 1, 2015, the dissolution decree provides for sole retention by the retired person of all rights in the retirement allowance, and the person would have received a reduced retirement allowance.

These provisions are identical to HB 1086 (2015) and a provision contained in CCS#2/HCS/SCS/SB 172 (2015). (Section 169.141)

This act modifies the provisions that permit a retired member to return to work for up to 550 hours or up to fifty percent of compensation without having his or her retirement allowance suspended. This act provides that if a person is employed in any capacity by a district in excess of these limitations, the retirement allowance will be suspended. In addition, this act extends this provision to any person retired and receiving a retirement allowance from the system who is employed by a third party or is performing work as an independent contractor in a district included in the retirement system as a temporary or long-term substitute teacher or in any other position requiring teacher certification if the person was employed by the district. The retirement system may require the district, the third-party employer, the independent contractor, and the retiree to provide documentation showing compliance. If documentation is not provided, the retirement system may deem the retiree to have exceeded the limitations.

This section is identical to a section contained in HCS/HB 1085 (2015). (Section 169.560)

KANSAS CITY PUBLIC SCHOOL RETIREMENT SYSTEM: 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 section is identical to a section contained in HCS/SCS/SB 300 (2015) and in HB 629 (2015). (Section 169.291)

Currently, in any school year, if a retiree returns to work in excess of 600 hours or receives more then fifty percent of the annual salary or wages he or she was last paid, payment of the person's retirement allowance will be suspended. This act extends this provision to any person retired and receiving a retirement allowance from the system who is employed by a third party or is performing work as an independent contractor in a district included in the retirement system as a temporary or long-term substitute teacher or in any other position requiring teacher certification if the person was employed by the district. The retirement system may require the district, the third-party employer, the independent contractor, and the retiree to provide documentation showing compliance. If documentation is not provided, the retirement system may deem the retiree to have exceeded the limitations.

This section is identical to a section contained in HCS/HB 1085 (2015) and in HCS/SCS/SB 300 (2015). (Section 169.324)

PUBLIC SCHOOL RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS: This 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 section is identical to a provision contained in HCS/SCS/SB 300 (2015) and is similar to a provision contained in HB 629 (2015). (Section 169.450)

PUBLIC EDUCATION EMPLOYEE RETIREMENT SYSTEM: Current law permits a person receiving a retirement allowance to nominate a successor beneficiary under certain circumstances. This act requires a nomination of a successor beneficiary to be filed within one year, instead of the current ninety days, of the remarriage.

This act allows a retired member of PEERS who has elected to receive a reduced retirement allowance in order to nominate a successor beneficiary for his or her retirement allowance to receive his or her full retirement allowance under Option 1 if: the retired member becomes divorced from the nominated beneficiary on or after September 1, 2015, the dissolution decree provides for sole retention by the retired person of all rights in the retirement allowance, and the person would have received a reduced retirement allowance.

These provisions are identical to HB 1086 (2015) and provisions contained in CCS#2/HCS/SCS/SB 172 (2015). (Section 169.715)

MICHAEL RUFF

Amendments