Showing posts with label HB 129. Show all posts
Showing posts with label HB 129. Show all posts

HB129

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Do you see an incentive on the health care cost (insurance cost) for future retirees to retire next year? Was anything proposed in legislation?
HB 129 – a “Years-of-Service” incentive bill that was proposed during the 2013 legislative session, did not pass. The last action taken on the bill was that is was referred to the House Rules Committee on 4/23/13. You can read what provisions were in the introduced version of the bill here. And you can read other Rumor Central posts regarding the bill at this link. We have no way of knowing what might be introduced in the coming 2014 legislative session, but as always, we will keep members informed of anything that might affect their retirement benefits.

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HB 129

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Does HR129 include DESE/Missouri State Schools for the Severely Disabled employees?
Yes, as a member of MOSERS, the Department of Elementary and Secondary Education is covered under the provisions of HB129 as introduced. The Missouri State Schools for the Severely Disabled are not specifically excluded by name, therefore would be included in the incentive. On 4/23/13 the bill was referred to the House Rules Committee. However, at this time, there are no hearings scheduled for the bill, and it is not currently on a House calendar. You can use this link to follow the bill’s progress in the legislature.

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HB129 and BackDROP

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Does the present retirement bill that passed the house have any effect on a person's backdrop or is it paid in conjunction with backdrop?
I assume you’re referring to HB129, the 2013 “Years-of-Service” incentive bill that has been introduced. This bill has not passed the House. It was passed out of the House Retirement Committee on 3/14, and is not currently on a calendar. We have several Rumor Central posts dealing with this legislation. This post lists the provisions of HB129, including how BackDROP is handled in the legislation as it was introduced.

A member who is eligible for or becomes eligible for the BackDROP during the window may retire under the provisions of this bill. A member who retires May 1, June 1 or July 1, 2014 who qualifies for the BackDROP provision at retirement would, as usual, be able to elect the BackDROP. This would be completely independent of the proposed incentive. There is no relationship between HB 129 and the BackDROP provision.

We encourage you to monitor legislation as it is introduced and moves through the legislative process by visiting the Missouri House of Representatives and Missouri Senate websites.

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HB 129 - Retirement Incentive 2013

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Regarding HB129, if this bill should pass, does each entity, for example, universities, dept of conservation, state patrol, etc., decide for themselves whether or not they will offer the incentive?
Yes, language in the introduced version of HB129 would allow the governing boards of certain schools, the highway commission of MoDOT, and the highway patrol, and the conservation commission to elect to provide the provisions of this bill to their employees. The actual bill language reads as follows:

Section 104.406.4. “The governing boards of Truman State University, Lincoln University, the educational institutions described in section 174.020, the highway commission of the Missouri department of transportation and the Missouri state highway patrol, and the conservation commission of the department of conservation may elect to provide its employees or retirees who retire under this section the same benefits as described in this section and section 104.405.”

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HB 129 and Taxes

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If HB 129 would pass, would taxes have to be paid on the incentive? What is the deadline date for the House to approve or disapprove this bill?
Yes, taxes would have to be paid on the incentive payments, should this bill become law. The 2013 legislative session ends May 17. We encourage you to follow the action on this bill by visiting this link. There is currently no House hearing scheduled, and the bill is not currently on a House calendar to be heard. Print Friendly and PDF

HB 129

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Are there any bills that are making their way through the legislature now for insurance benefits for a retirement incentive or any bills that are going to be presented?
Currently there has been one bill introduced during the 2013 session of the Missouri Legislature which includes language proposing a “years of service” incentive. It is HB129 and you can read about it on our Rumor Central blog. Currently there are no bills including any language proposing an incentive which has to do with medical insurance.

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HB 129 Years of Service Incentive Window

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Am I correct that someone who could retire in 2013, with the 80 & out rule, would have to wait until April 2014 to retire to receive the bonus?
That is correct. To receive the incentive which is proposed in the introduced version of HB129, a person must terminate employment on or after April 1, 2014, after reaching normal eligibility. A person’s whose annuity begins on or after May 1, 2014, but no later than July 1, 2014, shall be eligible to receive the years of service incentive benefit described in section 104.405.

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HB 129 (State Retiree Incentive Program) and Holidays

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With the 2013 State Employee Retirement Incentive Program it shows that some holidays will be removed for state workers. Are they doing this to fund this incentive program?
It is correct that the introduced version of HB129 does eliminate three state holidays (Lincoln Day, Truman Day and Columbus Day). However, we cannot speculate about the sponsor’s intention with regard to using the savings to pay for the incentive program that is also introduced in the bill.

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HB 129: Years-of-Service Incentive 2013

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House Bill 129, page 2, part 5(2) 104.406.1. says "who terminates employment on or after April 1, 2014, after reaching normal eligibility"; Can you tell me what is normal eligibility? Would that include someone already 2 years into backdrop? Thanks
The provisions of HB 129, known as the “2013 State Employee Retirement Incentive Program,” if enacted, are as follows:
  • Only those memberswho qualify for normal retirement at termination, who have at least 10 years of creditable service at termination, who terminate on or after April 1, 2014, and who retire May 1, June 1, or July 1, 2014, would qualify for the incentive.  Normal eligibility means a person is eligible to retire without a reduced benefit.
  • A member who is eligible for or becomes eligible for the BackDROP during the window may retire under the provisions of this bill. A member who retires May 1, June 1 or July 1, 2014 who qualifies for the BackDROP provision at retirement would, as usual, be able to elect the BackDROP. This would be completely independent of the proposed incentive. There is no relationship between HB 129 and the BackDROP provision.
  • Would provide a “years-of-service” benefit of $500 per year of service up to a maximum of 20 years (total of $10,000), payable in two equal annual installments (August 2014 and August 2015) 
  • Includes a provision that would prohibit anyone who received the proposed incentive from retiring and then returning to state service in anything other than a part time capacity
  • No elected official or member of the general assembly is eligible for the incentive
  • Departments will be allowed to fill vacated positions with 30% of personal service funds of the vacated positions
We encourage you to monitor legislation as it is introduced and moves through the legislative process by visiting the Missouri House of Representatives and Missouri Senate websites.

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