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.
98th Missouri Legislative Session Ends
May 19, 2016
The second 98th Regular Session of the Missouri Legislature officially ended as of Friday, May 13th at 6:00 p.m. We are happy to report there was no legislation passed that had a negative impact on the Public School and Education Employee Retirement Systems of Missouri. This effort was accomplished by the active involvement of numerous educational associations, retired and active teachers contacting their respective legislators and our legislative team who spent many hours walking the floors of the Capitol and monitoring numerous committee hearings and floor debate.
A detailed report of the 98th Missouri Legislative Session will be presented at the upcoming June Board Meeting. If you have any questions regarding the status of particular legislation, please feel free to contact Maria Walden, Director of Legislation and Policy at 573-638-1084.
Proposed 2016 Missouri Legislation
These bills, if passed, would have directly impacted the Retirement Systems and/or our members.
||Specifies that school teacher and employee retirement allowances shall not exceed 2.55% of the member's final average salary for each year of service if the member's service is 31 years or more.
||Modifies provisions relating to pension forfeiture
||Modifies provisions relating to the teacher and school employee retirement systems (divorce pop-up)
||Modifies provisions relating to the teacher and school employee retirement systems (temporary services)
||Specifies that school teacher and employee retirement allowances must not exceed 2.55% of the member's final average salary for each year of service if the member's service is 31 years or more.
||Changes the laws regarding retirement benefits being subject to domestic relations orders.
||Modifies the law relating to the investment policies of the state. Pension plans are prohibited from contracting with or investing in stocks, bonds, or any direct holdings in companies that have active business operations in countries designated as "state sponsors of terrorism" by the United States Department of State as of January 1, 2015.
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 2016 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.
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.
Legislative Tracking Archive
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.
We recommend that you subscribe to receive email notifications when we have legislative news. Click the "Subscribe" tab to sign up today.
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