SB 456 - Roberts, Steven
Modifies the employer contribution rate for the Public School Retirement System of the City of St. Louis
Bill Details
Sponsor
Roberts, Steven
LR Number
1360S.01I
Title
SB 456
House Handler
N/A
Journal Page
Effective Date
August 28, 2025
Committee
Current Status
Second Read and Referred S Local Government, Elections and Pensions Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 456 - This act modifies provisions relating to contribution rates for the Public School Retirement System of the City of St. Louis ("PSRSSTL"). Currently, the employer contribution rate was set at 16% in 2018 with yearly 0.5% decreases until the rate is 9% of the total compensation of all members employed in 2032. This act ends such decreases in 2025 at the employer contribution rate of 12.5%. In calendar year 2026 and every subsequent year, this act sets the employer contribution rate at 14%.
This act is identical to a provision in the truly agreed to and finally passed SS#2/SCS/HB 147 (2025), is substantially similar to a provision in HCS/HB 532 (2025) and HCS/HBs 1504 & 404 (2025) and is similar to HB 406 (2025), a provision in SB 1504 (2024), and in HB 2846 (2024).
KATIE O'BRIEN