Summary of the Perfected Version of the Bill

HCS HB 1357 -- POLICE AND CIVILIAN EMPLOYEES' RETIREMENT SYSTEM
OF KANSAS CITY (Johnson, 47)

COMMITTEE OF ORIGIN:  Retirement

Currently, members who retire from the Police Retirement System
of Kansas City and the Civilian Employees' Retirement System of
the Police Department of Kansas City are entitled to a
supplemental retirement benefit of $50 per month in addition to
the base benefit and cost-of-living increases.  To qualify for
the $50 supplemental benefit, this substitute requires members
retiring after August 28, 2006, to have at least 25 years of
creditable service or retire due to injury or illness occurring
in the line of duty.  A member retiring due to injury or illness
not occurring in the line of duty must have at least 15 years of
creditable service under the police retirement system and at
least 20 years of creditable service under the civilian
retirement system.  The term "member" includes the surviving
spouse of a member who qualifies under this provision.

The substitute also eliminates the requirement that the
determination of cost-of-living increases to the supplemental
benefit be based on advice from the plan's actuary.

FISCAL NOTE:  No impact on state funds in FY 2007, FY 2008, and
FY 2009.

Copyright (c) Missouri House of Representatives

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Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am