Code |
Explanation |
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Definitions. |
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Missouri local government employees' retirement system created -- board of trustees, composition, terms -- annual meeting -- vacancies, how created -- oath -- appointment of actuary, attorney and investment counselor -- mortality tables to be adopted -- record of proceedings -- hearings, notice -- surety bonds -- annual audits -- expenses of board -- rules and regulations, adoption. |
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Election to become an employer, when effective -- who covered. |
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Other plans prohibited, exceptions. |
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Prior plan, effect of -- discrimination between employees prohibited. |
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Employees acquired from another subdivision or private business, how handled. |
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Membership, composition. |
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Member's termination of employment, effect of -- reemployment in system -- retirement, service with more than one employer, effect of. |
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Elected county officials, may purchase prior service, procedure. |
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Prior service, membership service and credited service, how computed --- disability time, included, when -- certification of prior service. |
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Retirement, when eligible -- eligibility for option. |
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Alternate election, system may provide for, how. |
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Mandatory retirement age, how determined. |
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Retirement benefits -- program to be selected by governing body -- formula for computing benefits -- cost of living factor -- suspension of certain benefits, when. |
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Final average compensation, period covered -- governing body may elect -- procedure -- effects |
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Optional retirement, election, when made -- benefits, how computed (member and beneficiary). |
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Member deceased before retirement, surviving spouse or dependent children entitled to benefits, when -- determination of eligibility. |
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Death of retirant prior to receiving benefits equal to his contributions, balance to his nominee or estate. |
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Early retirement, application -- requirements -- option -- benefits, how computed. |
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Deferred allowance, requirements, option -- benefits, how compiled -- contribution withdrawal, effect on credited service. |
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Vested employee no longer covered by system may be bought out by lump sum payment, how computed -- limitation on amount. |
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Disability retirement -- medical examinations required, when -- option. |
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Member leaving system before eligible for retirement, disposition of his contributions. |
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Rights accrued under sections 70.600 to 70.755 not subject to garnishment, execution or bankruptcy proceedings. |
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Member eligible to receive benefits under prosecuting attorneys' retirement system, receipt of benefits. |
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Assets of system to be in five funds. |
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Members deposit fund, source, contributions of members, repayment of withdrawals -- transfers from fund -- election to eliminate contributions, when. |
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Elimination of member contributions, refunding of, procedure. |
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Employer accumulation fund, created, uses -- employer contributions. |
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Benefit reserve fund, created, uses. |
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Casualty reserve fund, created, source of funds, uses. |
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Allowances and benefits, all payments to be made from benefit reserve fund, when. |
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Income -- expense fund, created, defined, -- gifts and bequests -- regular interest -- contingency reserves. |
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Employer's contributions, how computed. |
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Political subdivision delinquent in payments -- lien -- mandamus -- state aid withheld. |
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State not to contribute to system, exception. |
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Board may invest funds. |
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Board may delegate powers of investment, requirements -- liability. |
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Board may invest in real estate -- limitations. |
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Trustees and officers and employees of board, not to have interest in investments of board, exception. |
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Allowances and benefits exempt from certain taxes. |
