HB 1674 -- ADMINISTRATIVE RULES FOR PUBLIC RETIREMENT PLANS

CO-SPONSORS:  O'Toole, Dempsey

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Retirement by a vote of 11 to 0.

This bill requires public employee retirement plans to furnish a
copy of a proposed rule to the Joint Committee on Public Employee
Retirement.  Plans that file rules with the Secretary of State
must furnish a copy to the committee prior to or concurrent with
their filing with the Secretary of State.  Plans that are not
required to file with the Secretary of State must furnish a copy
to the committee within 10 days of promulgating the rule.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill will help the Joint
Committee on Retirement and the Legislature keep up with changes
in retirement systems.  Some rule changes in retirement systems
would take several months to make it to the Joint Committee on
Retirement.  It is difficult to give advice to retirement systems
when you have no knowledge of rule changes.

Testifying for the bill were Representatives O'Toole and Dempsey.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am