HB 1502 -- Kansas City Public School Retirement System

Sponsor:  Wilson (42)

This bill changes the laws regarding the Kansas City Public
School Retirement System.  The bill:

(1)  Revises the definition of "break in service" to include when
a regular employee retires under the system and does not become
an eligible employee until 15 consecutive school days or work
days have elapsed;

(2)  Revises the definition of "minimum normal retirement age" to
the earlier of the date a member reaches 60 years of age or the
date a member has a total of at least 75 credits, with each year
of creditable service and each year of age equaling one credit.
Both years of creditable service and age will be prorated for
fractional years;

(3)  Increases the number of members on the Medical Board of the
retirement system to three or more physicians;

(4)  Allows the Board of Trustees of the retirement system to
employ one or more banks having fiduciary powers to assist the
treasurer of the system in administering retirement funds;

(5)  Revises a provision concerning the development of rules and
regulations used to determine claims of creditable service by
eligible members;

(6)  Revises a provision concerning the certification of a
disability for eligible members;

(7)  Revises a provision concerning the suspension and
computation of a retirement allowance received by a member who
earns additional income by becoming re-employed in the retirement
system;

(8)  Prohibits accumulated contributions from being paid to a
member before incurring a break in service; and

(9)  Deletes a section concerning the granting of prior service
credit for a member who is employed by the Kansas City Public
School District before January 1, 1944, and who becomes re-
employed after January 1, 1944.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am