SECOND REGULAR SESSION
95TH GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES KOENIG (Sponsor), McNARY, GATSCHENBERGER, BURLISON, EMERY, SCHLOTTACH, PARKINSON, FRANZ, STREAM, SCHARNHORST, FUNDERBURK, McGHEE, ALLEN, ZERR AND BIVINS (Co-sponsors).
4156L.03I D. ADAM CRUMBLISS, Chief Clerk
AN ACT
To amend chapters 50, 56, 57, 70, 86, 87, 104, 169, and 321, RSMo, by adding thereto nine new sections relating to public retirement systems.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapters 50, 56, 57, 70, 86, 87, 104, 169, and 321, RSMo, are amended by adding thereto nine new sections, to be known as sections 50.1310, 56.850, 57.1000, 70.757, 86.1650, 87.620, 104.1220, 169.800, and 321.805, to read as follows:
50.1310. 1. This section shall be known and may be cited as the "County Employees' Defined Contribution Plan" or "Plan".
2. Any employee hired on or after January 1, 2011, shall not be eligible to receive a benefit under sections 50.1000 to 50.1300 but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The board or county shall contribute at least three percent but not more than eleven percent of the employee's salary to the plan. The amount contributed shall be determined by the board or county. There shall be no cap as to the amount the employee may contribute to the plan; however, the annual amount contributed by the board or county and employee shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any employee employed prior to January 1, 2011.
56.850. 1. This section shall be known and may be cited as the "Prosecuting Attorneys and Circuit Attorneys' Defined Contribution Plan" or "Plan".
2. Any employee hired on or after January 1, 2011, shall not be eligible to receive a benefit under sections 56.800 to 56.840 but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The board or county shall contribute at least three percent but not more than eleven percent of the employee's salary to the plan. The amount contributed shall be determined by the board or county. There shall be no cap as to the amount an employee may contribute to the plan; however, the annual amount contributed by the board or county and employee shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any employee employed prior to January 1, 2011.
57.1000. 1. This section shall be known and may be cited as the "Sheriffs' Defined Contribution Plan" or "Plan".
2. Any employee hired on or after January 1, 2011, shall not be eligible to receive a benefit under sections 57.949 to 57.997 but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The board or county shall contribute three percent but not more than eleven percent of the employee's salary to the plan. The amount contributed shall be determined by the board or county. There shall be no cap as to the amount an employee may contribute to the plan; however, the annual amount contributed by the board or county and employee shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any employee employed prior to January 1, 2011.
70.757. 1. This section shall be known and may be cited as the "Missouri Local Government Employees' Defined Contribution Plan" or "Plan".
2. Any employee hired on or after January 1, 2011, shall not be eligible to receive a benefit under sections 70.600 to 70.755 but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The employer shall contribute at least three percent but not more than eleven percent of the employee's salary to the plan. The amount contributed shall be determined by the employer. There shall be no cap as to the amount the employee may contribute to the plan; however, the annual amount contributed by the employer and employee shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any employee employed prior to January 1, 2011.
86.1650. 1. This section shall be known and may be cited as the "Police or Civilian Employees' Defined Contribution Plan" or "Plan".
2. Any employee, policeman, police officer, member of the police department, or reserve officer hired on or after January 1, 2011, shall not be eligible to receive a benefit under this chapter but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The board of police commissioners or the city shall contribute at least three percent but not more than eleven percent of the employee's, policeman's, police officer's, member of the police department's, or reserve officer's salary to the plan. The amount contributed shall be determined by the board of police commissioners or the city. There shall be no cap as to the amount the employee, policeman, police officer, member of the police department, or reserve officer may contribute to the plan; however, the annual amount contributed by the board of police commissioners or the city and employee, policeman, police officer, member of the police department, or reserve officer shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any employee, policeman, police officer, member of the police department, or reserve officer employed prior to January 1, 2011.
87.620. 1. This section shall be known and may be cited as the "Firefighter's Defined Contribution Plan" or "Plan".
2. Any firefighter hired on or after January 1, 2011, shall not be eligible to receive a benefit under this chapter but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The board of trustees or the city shall contribute three percent but not more than eleven percent of the firefighter's salary to the plan. The amount contributed shall be determined by the board of trustees or the city. There shall be no cap as to the amount the firefighter may contribute to the plan; however, the annual amount contributed by the board of trustees or the city and firefighter shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any firefighter employed prior to January 1, 2011.
104.1220. 1. This section shall be known and may be cited as the "Missouri Department of Transportation and Highway Patrol Employees' and Missouri State Employees' Defined Contribution Plan" or "Plan".
2. Any employee hired on or after January 1, 2011, shall not be eligible to receive a benefit under this chapter but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The employer shall contribute three percent but not more than eleven percent of the employee's salary to the plan. The amount contributed shall be determined by the employer. There shall be no cap as to the amount the employee may contribute to the plan; however, the annual amount contributed by the employer and employee shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any employee employed prior to January 1, 2011.
169.800. 1. This section shall be known and may be cited as the "Public School and Public Education Employee Defined Contribution Plan" or "Plan".
2. Any employee hired on or after January 1, 2011, shall not be eligible to receive a benefit under this chapter but shall be eligible to receive a benefit as provided in subsection 3 of this section upon retirement.
3. The employer shall contribute three percent but not more than eleven percent of the employee's salary to the plan. The amount contributed shall be determined by the employer. There shall be no cap as to the amount the employee may contribute to the plan; however, the annual amount contributed by the employer and employee shall not exceed the maximum annual contribution amount provided by federal law.
4. This section shall not apply to any employee employed prior to January 1, 2011.
321.805. 1. Any employee hired on or after January 1, 2011, shall not be eligible to receive a retirement benefit established under this chapter but shall be eligible to receive a retirement benefit as provided in subsection 2 of this section upon retirement.
2. The employer shall contribute three percent but not more than eleven percent of the employee's salary. The amount contributed shall be determined by the employer. There shall be no cap as to the amount the employee may contribute; however, the annual amount contributed by the employer and employee shall not exceed the maximum annual contribution amount provided by federal law.
3. This section shall not apply to any employee employed prior to January 1, 2011.
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