Showing posts with label HB 1628. Show all posts
Showing posts with label HB 1628. Show all posts

Will both retirement systems (MOSERS & MODOT) be combined if HB1628 passes the Senate?

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Will both retirement systems (MOSERS & MODOT) be combined if HB1628 passes the Senate?
If HB 1628 passes and becomes law, it would require the MOSERS Board of Trustees to assume control over all assets and liabilities and be vested with the powers and duties necessary to enable its trustees, employees and agents to administer the Missouri Department of Transportation and Highway Patrol Employees’ Retirement System (MPERS) no later than December 31, 2006. This transfer of authority would not alter the statutory provisions applicable to MPERS’ retirement, life insurance, medical, and disability benefits. Print Friendly and PDF