SB 954 - Pearce, David
Modifies the retirement allowance calculation for members of the Public School Retirement System with thirty-one or more years of service
Bill Details
Sponsor
LR Number
5906S.01I
Title
SB 954
House Handler
N/A
Journal Page
N/A
Effective Date
Emergency clause
Committee
Current Status
Hearing Conducted S Education Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 954 - 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/HBs 1780 & 1420 (2016), SB 219 (2015), HCS/HB 478 (2015), and a provision contained in HCS/SCS/SB 172 (2015).
JOSHUA NORBERG