SB1242C-KANSAS CITY SCHOOL RETIREMENT SYSTEM
Summary of the House Committee Version of the Bill

HCS SB 1242 -- KANSAS CITY PUBLIC SCHOOL RETIREMENT SYSTEM

SPONSOR:  Wheeler (Wilson, 42)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Retirement by a vote of 11 to 0.

This substitute changes the laws regarding the Kansas City Public
School Retirement System.  The substitute:

(1)  Revises the definition of "break in service" to include when
a regular employee ceases to be employed and then becomes re-
employed after 60 consecutive calendar days have elapsed or after
15 consecutive school or work days have lapsed, whichever occurs
later.  This definition also applies when a regular employee
retires under Section 169.280, RSMo, pertaining to the Kansas
City Public School Retirement System, who later becomes re-
employed after 15 consecutive school days or work days have
elapsed;

(2)  Revises the definition of "minimum normal retirement age" to
the earlier of the date a member reaches 60 years of age or the
date a member has a total of at least 75 credits, with each year
of creditable service and each year of age equaling one credit.
Both years of creditable service and age will be prorated for
fractional years;

(3)  Increases the number of members on the medical board of the
retirement system to three or more physicians;

(4)  Allows the board of trustees of the retirement system to
employ one or more banks having fiduciary powers to assist the
treasurer of the system in administering retirement funds;

(5)  Revises provisions concerning the development of rules and
regulations used to determine claims of creditable service by
eligible members, the certification of a disability for eligible
members, and the suspension and computation of a retirement
allowance received by a member who earns additional income by
becoming re-employed in the retirement system;

(6)  Prohibits accumulated contributions from being paid to a
member before incurring a break in service; and

(7)  Deletes a section concerning the granting of prior service
credit for a member who is employed by the Kansas City Public
School District before January 1, 1944, and who becomes re-
employed after January 1, 1944.

FISCAL NOTE:  No impact on state funds in FY 2005, FY 2006, and
FY 2007.

PROPONENTS:  Supporters say that the bill makes technical changes
to the public school retirement system in Kansas City and will
not impact state revenues.

Testifying for the bill were Senator Wheeler; and Kansas City
Public School Retirement System.

OPPONENTS:  There was no opposition voiced to the committee.

Joseph Deering, Legislative Analyst

Copyright (c) Missouri House of Representatives

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Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:16 am