Browse legislation and open any statute to read or ask LexChat.
29,361 statutes · page 14 of 1,469
United States — Missouri
1 provisions
Some disabled members in the year 2000 retirement plan keep accruing credited service and have their annuity pay adjusted under CPI-based limits.
United States — Missouri
1 provisions
Annuity recipients are entitled to annual COLAs when the consumer price index increases, with limits on how the adjustment is calculated and capped.
United States — Missouri
1 provisions
A person receiving an annuity may waive monthly payments or a COLA for a period of time, unless the waiver would conflict with federal law.
United States — Missouri
1 provisions
This section says certain annuities under the year 2000 plan are marital property and may be divided by a court in a divorce case if the member has at least five years of credited service.
United States — Missouri
1 provisions
The statute protects year 2000 plan benefits from execution and assignment, lets retirees request payroll-style withholding, and sets rules for beneficiary designation, unclaimed amounts, and refunds.
United States — Missouri
1 provisions
The year 2000 plan must always adjust its benefits and conditions to keep tax-exempt status.
United States — Missouri
1 provisions
The board must correct payment errors, may recover overpayments, and generally can only correct an error if it is found or reported within 10 years, unless fraud is involved. A person who knowingly falsifies records or makes false statements to defraud the system can be fined or imprisoned. The board must not pay annui
United States — Missouri
1 provisions
Each system may make its own rules, hold required hearings, and delegate a hearing officer.
United States — Missouri
1 provisions
This section sets how contribution rates for the year 2000 plan are calculated, certified, paid, and tracked.
United States — Missouri
1 provisions
Boards have power to manage year 2000 plan assets and may invest funds, delegate certain functions, and hold certain investment discussions in executive session when disclosure would be harmful.
United States — Missouri
1 provisions
This section requires certain boards and systems to provide life insurance benefits for covered employees and some retirees, and lets eligible persons buy additional coverage if conditions are met.
United States — Missouri
1 provisions
Boards must provide or arrange disability income benefits, and employees may waive the benefit at any time.
United States — Missouri
1 provisions
The state must make monthly contributions for covered benefits, and each board must set premium amounts and collect them for the separate benefit accounts.
United States — Missouri
1 provisions
Boards must set up and run life insurance and disability benefit programs, set eligibility rules, avoid duplicate benefits, and use competitive bidding for insured benefits; members cannot receive benefits until the program is operative and premiums are paid.
United States — Missouri
1 provisions
This section sets retirement benefit rules for general assembly members and statewide elected officials, including eligibility, annuity formulas, COLAs, disability service credit, and a felony-related loss of benefits.
United States — Missouri
1 provisions
If a member has credited service in more than one selected plan when separating from covered employment, each plan’s annuity is based on that plan’s own records; combined service is used only to test credited-service eligibility for specified sections.
United States — Missouri
1 provisions
Certain former plan members may choose a one-time lump-sum payment instead of a deferred annuity, but doing so causes forfeiture of service credit and related future benefits.
United States — Missouri
1 provisions
A qualifying member may receive additional credited service for prior public employment if several conditions are met.
United States — Missouri
1 provisions
New employees after January 1, 2011 must join the year 2000 plan, members must contribute 4% of pay, and the state employer must pick up and pay those contributions.
United States — Missouri
1 provisions
Some members may choose a one-time lump-sum election instead of other retirement annuity benefits, but only if the board sets up the program and only before May 31, 2018.