SB 0110 Employment of certain PSRS members
Committee:ELECLR Number:S0480.01I
Last Action:02/15/95 - Voted Do Pass S Elections, Pensions & Vet. Affairs Committee
Effective Date:August 28, 1994
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Current Bill Summary

SB 110 - This act will allow certain persons who currently are members of the Public School Retirement System of Missouri (PSRS) to remain in PSRS upon subsequent employment in a position covered by the Missouri State Employees' Retirement System (MOSERS).

A person who by virtue of an election under section 104.342, RSMo, chose to remain a member of PSRS rather than joining MOSERS may remain in PSRS if this person has at least twenty-five years service and subsequently becomes employed full time in a position covered by MOSERS.

The required contributions to fund service accrued in PSRS shall be paid from appropriations to the institution by which the member is employed.