SB 456 -- ST. LOUIS FIREFIGHTERS' RETIREMENT SYSTEM

This bill allows for the creation of a self-directed deferred
retirement plan program (DROP) for the St. Louis Firefighters'
Retirement System.  Currently, a member's DROP account is
required to accrue interest equal to the percentage rate of
return on the system's investment portfolio.  The bill does not
require self-directed plan programs to accrue interest at that
rate of return, but these programs will accrue interest based on
self-directed investments.

The bill contains an emergency clause.

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