HB 385 -- JOINT RULE PROMULGATION FOR SCHOOL RETIREMENT SYSTEMS

SPONSOR:  Franklin

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Retirement by a vote of 10 to 0.

This bill directs the 4 retirement systems serving teacher and
nonteacher employees of public schools to promulgate joint rules
for the recognition of service toward retirement eligibility
under any of the systems.  The rules must not permit transfer of
creditable service or system assets.  The rules must be filed
with the Joint Committee on Public Employee Retirement at least
30 days before any retirement system board meeting at which
rules are voted upon and must be approved by a majority of all
trustees of each board.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill allows systems to get
together to establish rules on allowing years of service in
different systems to go towards a single retirement.  This has
always been a problem that needs correcting.  The bill would
reduce barriers between the teachers retirement systems.

Testifying for the bill were Representative Franklin; Public
School Retirement System; Missouri State Teachers Association;
St. Louis Public School Retirement System; Missouri Federation
of Teachers; Missouri Association of School Administrators; and
Missouri Community College Association.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated November 26, 2001 at 11:43 am