Legislative Updates

MO CapitolThe 2017 Session of the Missouri General Assembly is scheduled from January 6, 2017 to May 12, 2017.

 

 

During this time, MPERS staff will be closely monitoring any retirement related activity. At the close of the session, we will post information pertaining to any retirement related bills that may impact our system.

We would like to point out one particular legislative proposal that may be of interest to our members. It is House Bill 729. That bill reduces the vesting period for active 2011 Tier members from ten years to five years. Since this bill has a cost, offsets must be made in order to comply with Section 105.684 such that the proposal does not increase the unfunded liabilities of the system. The proposal has no impact on active members of the Closed Plan or active members of the Year 2000 Plan that were hired prior to January 1, 2011.

For a complete, up-to-date listing of retirement related legislation, please view the Joint Committee on Public Employee Retirement’s website:

www.jcper.org

 

For a complete listing of all activity for the Missouri General Assembly, please view:

www.moga.mo.gov