HCS HB 1069 -- ST. LOUIS POLICE RETIREMENT SYSTEM

SPONSOR:  Smith, 118 (Bivins)

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

This substitute revises provisions pertaining to the Board of
Trustees of the St. Louis Police Retirement System and certain
retirement benefits.  Six trustees of the board will constitute a
quorum for the transaction of business, and official actions of
the board will require a majority vote of the trustees present.
Currently, six votes of the trustees are necessary for official
actions.

The substitute also specifies that a court of competent
jurisdiction cannot divide pension benefits, annuities, or
retirement allowances between parties to any action for the
dissolution of marriage.

FISCAL NOTE:  No impact on state funds in FY 2005, FY 2006, and
FY 2007.

PROPONENTS:  Supporters say that the bill establishes a procedure
for the Board of Trustees of the St. Louis Police Retirement
System to conduct official business and promotes fairness by
prohibiting a court from setting aside a pension, annuity, or a
retirement allowance in proceedings for the dissolution of
marriage.

Testifying for the bill were Representative Bivins; and St. Louis
Police Retirement System.

OPPONENTS:  There was no opposition voiced to the committee.

Joseph Deering, Legislative Analyst

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:14 am