16 CSR 10-6.030 Management of Funds

Title 16—RETIREMENT SYSTEMS
Division 10—The Public School Retirement System of Missouri
Chapter 6—The Public Education Employee Retirement System of Missouri

PROPOSED AMENDMENT: 16 CSR 10-6.030 Management of Funds The Public School Retirement System of Missouri is amending section (7).

Summary:

This amendment changes the timing of the application of a change in the interest rate used to credit interest to member accounts.

Proposed Rule Change:

(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.

MO State Register