SB 219 - Wallingford, Wayne
Repeals a July 1, 2014, termination date so that retiring teachers with thirty-one or more years of creditable service will receive a retirement allowance with a 2.55 multiplier
Bill Details
Sponsor
LR Number
1238S.01I
Title
SB 219
House Handler
N/A
Journal Page
N/A
Effective Date
Emergency clause
Committee
Current Status
Hearing Conducted S General Laws and Pensions Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 219 - On July 1, 2014, a provision of law expired that permitted members of the Public School Retirement System of Missouri with thirty-one years or more of creditable service to use a multiplier of 2.55 when calculating the member's retirement allowance. This act repeals the July 1, 2014 expiration date so that members with thirty-one years or more of creditable service will have their retirement allowance calculated using a multiplier of 2.55.
This act contains an emergency clause.
This act is identical to HCS/HB 478 (2015) and a provision contained in HCS/SCS/SB 172 (2015).
MICHAEL RUFF