SB 1146 - Nasheed, Jamilah
Allows the board of trustees of the Public School Retirement System of the City of St. Louis to provide cost-of-living increases
Bill Details
Sponsor
LR Number
6734S.01I
Title
SB 1146
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2016
Committee
Current Status
Hearing Conducted S General Laws and Pensions Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1146 - This act allows the board of trustees of the Public School Retirement System of the City of St. Louis to provide cost-of-living increases to retirement allowances. If the cost-of-living increases by at least two percent, the retirement allowance shall be increase by two percent. If the cost-of-living increases by at least five percent, the retirement allowance shall be increase by five percent. The cost-of-living increase shall not exceed five percent in a given year, and the total amount of increases shall not exceed eighty percent of the member's retirement allowance established at the time of retirement.
This act is substantially similar to HB 2550 (2016).
JOSHUA NORBERG