Legislative Update

While the Missouri legislature is in session (January - May), the PSRS/PEERS Board of Trustees and staff closely monitor any proposed legislation regarding retirement and education. We work with Missouri education associations and other Missouri retirement systems to ensure the best interests of our members are served.

At PSRS/PEERS, we track all legislation that may impact the Systems and our members, and post information weekly regarding these bills on this website. Please check here throughout the legislative session for updates and ongoing information on bills we are tracking.

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Legislative Summary

Proposed 2017 Missouri Legislation

These bills, if passed, would directly impact the Retirement Systems and/or our members.

Bill Number Summary
HB 304 Modifies provisions relating to the teacher and school employee retirement systems. This bill allows retired members of the PSRS / PEERS who have elected a reduced retirement allowance to provide for survivor benefits for his/her spouse to have the retirement allowance increased to the single life annuity amount, with no survivor benefits, if the member and his or her spouse become divorced on or after September 1, 2017 only if the dissolution decree provides for sole retention by the retired person of all rights in the retirement allowance. Divorce Popup
HB 305 Modifies provisions relating to the teacher and school employee retirement systems. The bill expands the working after retirement limitations to include someone who is employed by a third party or working as an independent contractor as a substitute teacher or other position normally requiring certification
HB 755 Modifies provisions related to teacher retirement. Requires that PSRS/PEERS disclose employees’ salaries upon request
HB 891 Provides for cost of living increases for public school retirees. This bill requires the board of the Public School Retirement System of Missouri to provide a 2% cost of living increase (COLA) to retired members if the consumer price index increases in the preceding fiscal year by any percentage up to 5%. If the consumer price index increases greater than 5% the COLA shall be 5%.
HB 918 This bill requires a plan’s expected investment return to equal the 10 year average of actual plan investment returns and a plan’s mortality rate shall be determined using assumptions that project future mortality improvements.
HB 936 Changes provisions related to the work of retired teachers in school districts. Any non-certificated position isn't limited to the 550 hour / 50% statutory requirement.
SB 308 Modifies the law relating to the investment policies of the state
SB 394 Modifies provisions relating to the teacher and school employee retirement systems. This bill allows retired members of the PSRS / PEERS who have elected a reduced retirement allowance to provide for survivor benefits for his/her spouse to have the retirement allowance increased to the single life annuity amount, with no survivor benefits, if the member and his or her spouse become divorced on or after September 1, 2017 only if the dissolution decree provides for sole retention by the retired person of all rights in the retirement allowance. Divorce Popup

To contact your legislator and voice your support or opposition to any of the above legislation, visit http://www.senate.mo.gov/llookup/leg_lookup.aspx and enter your ZIP code.

To follow the progress of all proposed legislation being tracked by PSRS/PEERS, download our Legislative Tracker spreadsheet. You will notice that not all bills listed on this document would have a direct impact on PSRS/PEERS or our membership. We monitor these bills to ensure that we are aware of any potential conflicts or changes to our systems.

Bill Tracking

You can find detailed information on legislation we are currently watching by downloading our Legislative Tracker. The Legislative Tracker is updated weekly while the legislature is in session so be sure to check back for updates. You can subscribe to our Legislative Tracking mailing list to receive notifications about legislation we are tracking by selecting the "Subscribe" Tab above and filling out the subscription form.

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