HB 649 -- Special Consultants on Retirement

Sponsor:  Skaggs

Effective August 28, 2003, this bill requires that the
cost-of-living adjustment (COLA) for special consultants on
retirement under the Missouri State Employees' Retirement System
(MOSERS) be 100% of the increase in the Consumer Price Index for
all adjustments on or after September 1, 2003.  The COLA cannot
be more than 5% of the annuity amount payable immediately before
the payment of the COLA.

In addition, effective August 28, 2003, the COLA for members of
the Missouri State Employees' Plan 2000 (MSEP 2000) who are
receiving an annuity will be 100% of the increase in the Consumer
Price Index for all adjustments on or after September 1, 2003.
The COLA cannot be more than 5% of the annuity amount payable
immediately before the payment of the COLA.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am