HCS SCS SB 212 & 220 -- KANSAS CITY POLICE RETIREMENT; HIGHWAY
PATROL

Concerning the Kansas City Police and Civilian Employees'
Retirement Systems, this bill:

(1)  Requires benefits and conditions to always be adjusted to
qualify for tax-exempt status;

(2)  Requires a member's benefits to be 100% vested and
non-forfeitable upon the member's attainment of the normal
retirement age;

(3)  Requires the distribution of retirement benefits to begin no
later than April 1 of the year following the calendar year during
which the member becomes 70 1/2 years of age;

(4)  Prohibits benefits in excess of the limits set by Section
415 of the Internal Revenue Code;

(5)  Limits the total salary taken into account for any purpose
for any member to no more than $200,000 per year, subject to
adjustments permitted by the Internal Revenue Code;

(6)  Gives the retirement boards authority to change actuarial
assumptions at any time annually, but a change in actuarial
assumptions may not result in any decrease in benefits accrued as
of the effective date of the change;

(7)  Allows a member or beneficiary to transfer an eligible
rollover distribution to another eligible retirement plan;

(8)  Gives the retirement boards authority to provide fiduciary
liability insurance;

(9)  Makes other changes to conform with the Internal Revenue
Code;

(10)  Changes the requirements for the five elected members of
the Kansas City Police Retirement Board;

(11)  Allows members to receive a partial lump-sum option
payment;

(12)  Makes the retirement boards state agencies for the purpose
of the administrative procedure and review process;

(13)  Requires the Kansas City Police Department to grant
authorized leave with pay to active police officers and civilian
employees to attend educational seminars and similar functions
for a period not to exceed 10 days in any calendar year;

(14)  Authorizes the City of Kansas City and the Kansas City
Police Department to adopt a program of incentives to encourage
early retirement of members and civilian employees, contingent
upon the city requesting and agreeing to increase financial
contributions to the police retirement system; and

(15)  Requires a funeral benefit of $1,000 to be paid in addition
to all other benefits for a civilian employee.

The bill also requires the Superintendent of the State Highway
Patrol to submit a salary schedule report to the Governor,
Speaker of the House of Representatives, and the President Pro
Tem of the Senate.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am