16 CSR 10-3.020 Management of Funds
Title 16—RETIREMENT SYSTEMS
Division 10—The Public School Retirement System of Missouri
Chapter 3—Funds of Retirement System
PROPOSED AMENDMENT 16 CSR 10-3.020 Management of Funds. The Public School Retirement System of Missouri is amending section (7).
This amendment changes the timing of the application of a change in the interest rate used to credit interest to member accounts.
(7) The board of trustees shall determine annually, on or before June 30, the rate of interest which shall be in effect on July 1 of the following fiscal year and which shall be used to credit[ed] interest to members’ accumulated contribution accounts at the end of the following fiscal year. AUTHORITY: section 169.020, RSMo [Supp. 2011] 2016. Original rule filed Dec. 19, 1975, effective Jan. 1, 1976. For intervening history, please consult the Code of State Regulations. Amended: Filed Jan. 4, 2019. PUBLIC COST: This proposed amendment will not cost state agencies or political subdivisions more than five hundred dollars ($500) in the aggregate. PRIVATE COST: This proposed amendment will not cost private entities more than five hundred dollars ($500) in the aggregate.
MO State Register