HB 804 -- County Employees' Retirement Fund

Sponsor:  Smith (118)

This bill allows the board of the County Employees' Retirement
System to determine if an additional benefit or enhancement
improving the quality of life of future retirees is actuarially
feasible.  Benefit adjustments cannot be made until the
retirement plan is 75% funded.  Adjustments cannot be made more
than once every 12 months and cannot increase the contribution
rate by more than 1%.  Adjustments, other than cost-of-living
increases, will apply only to active employees.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm