Joint Committee on Public Employee Retirement Legislation Sheet 2010 PDF
Preview Joint Committee on Public Employee Retirement Legislation Sheet 2010
2010 RETIREMENT LEGISLATION -- SENATE SENATE BILLS SENATE ACTION HOUSE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action House Committee Substitute: 1) Clarifies that counties adopting a charter government after 1/1/08 will continue to collect delinquent & back tax fee at the same level as prior to charter CERF, All Public Plans, adoption. PACARS, 2) Allows state auditor to audit all public 02/18/10 Eco Devo & Hearing DP Hearing DP Referred to LAGERS, pension plans every 3 years. with Local SB 580 Griesheimer Local Complete w/ SCS 02/10/10 Complete w/ HCS Rules MPERS, 3) Requires a 50% compensation limit for Emergency Government Government 01/27/10 01/27/10 04/07/10 04/22/10 04/22/10 MOSERS, retirees returning to work under a Clause PSRS, system covered school district, in KC PSRS addition to the current limitation of 600 hours per school year; if either limit is exceeded, the retiree's pension benefit is suspended for the month in which the limit is exceeded. Allows county clerk to designate 03/18/10 DP 05/04/10 SS for SCS Eco Devo & Hearing DP Hearing individual to make ppayyroll deductions and with Rules with w/ HCS In SSBB 660055 CCEERRFF MMaayyeerr LLooccaall CCoommpplleettee ww// SSCCSS 0033//1166//1100 GGeenneerraall LLaawwss CCoommpplleettee maintain associated log relative to Emergency w/ HCS Emergency Conference Government 01/27/10 02/03/10 04/13/10 employee contributions to CERF Clause 04/28/10 Clause Committee Provides for local control of a St. Louis S Informal Calendar City police force if passed through Hearing DP St. Louis S Bills for SB 643 ordinance. Requires the associated Keaveny General Laws complete w/ SCS Police Perfection retirement system to continue to be 03/02/10 03/30/10 w/ Amend governed under Chaper 86. pending Provides for local control of a St. Louis City police force if passed through Hearing St. Louis SB 675 ordinance. Requires the associated Wright-Jones General Laws Cancelled Police retirement system to continue to be 03/02/10 governed under Chaper 86. Clarifies that counties adopting a DP charter government after 1/1/08 will Hearing DP Hearing Fiscal H Calendar Ways & Ways & SB 686 CERF continue to collect delinquent & back tax Rupp Complete Consent 02/22/10 02/25/10 Complete Review S Bills for Means Means fee at the same level as prior to charter 02/03/10 02/08/10 04/08/10 w/ HCS 3rd Read adoption. 5/6/10 Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 1 2010 RETIREMENT LEGISLATION -- SENATE SENATE BILLS SENATE ACTION HOUSE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Allows county clerk to designate DP Eco Devo & Hearing Hearing DP Referred to individual to make payroll deductions and Consent Local SB 700 CERF Lager Local Complete 03/22/10 03/22/10 Complete w/ HCS Rules maintain associated log relative to w/ SCS Government Government 01/27/10 05/05/10 05/05/10 05/10/10 employee contributions to CERF 03/04/10 Allows PSRS members age 75 & over by Veteran's 01/01/11 to receive additional $5 monthly PSRS / Affairs, SB 707 times years of service & PEERS members McKenna PEERS Pensions & to receive additional $3 monthly times Urban Affairs years of service. Senate Substitute: 1) Allows State Auditor to audit public pension plans every 3 yrs. 2) Increases age & service requirements PACARS, for state employees, General Assembly, LLAAGGEERRSS,, EElleecctteedd OOffffiicciiaallss,, oorr JJuuddggeess wwhhoo bbeeggiinn VVeetteerraann'ss DDPP Hearing Hearing MOSERS/ employment after 1/1/11. Such members Affairs, Fiscal SB 714 Crowell Complete 04/12/10 04/20/10 Retirement Complete MPERS, will be required to contribute 4% of pay to Pensions & Oversight 02/18/10 05/04/10 PSRS, the applicable retirement system. Urban Affairs 04/20/10 KCPSRS 3) Creates Missouri State Retirement Investment Board to invest MOSERS/MPERS assets. 4) Requires a 50% compensation limit for retirees returning to work Finance, Hearing Consolidates all state agencies and SB 715 MCHCP Crowell Govt, Complete colleges or universities into MCHCP Elections 03/01/10 Clarifies that counties adopting a Removed charter government after 1/1/08 will Eco Devo & Hearing DP from SB 736 CERF continue to collect delinquent & back tax McKenna Local Complete Consent Consent fee at the same level as prior to charter Government 02/3/10 02/11/10 Calendar adoption. 02/15/10 Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 2 2010 RETIREMENT LEGISLATION -- SENATE SENATE BILLS SENATE ACTION HOUSE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Govt. Hearing Hearing DP All Public Allows state auditor to audit public Account. & DP 03/23/10 SB 757 Rupp Complete 03/24/10 Budget Complete w/ HCS Plans pension plans every 3 years Fiscal 03/18/10 w/SS 02/18/10 04/20/10 04/20/10 Oversight S Informal Provides the prosecuting attorney Hearing DP Calendar SB 797 PACARS system in Missouri to be converted to a Green Judiciary Complete 02/22/10 S Bills for district attorney system. 02/15/10 Perfection Allows Water Patrol employees 03/18/10 Hearing DP Hearing DP Referred to MOSERS & transferred to the Highway Patrol to with SB 887 Schaefer Judiciary Complete w/ SCS 3/16/10 Public Safety Complete w/ HCS Rules MPERS elect retirement benefit coverage under Emergency 03/17/10 03/01/10 04/20/10 04/27/10 04/28/10 MPERS within 90 days of 1/1/11 Clause DP Small Hearing Hearing H Calendar Provisions Modifies benefit offering for medicare DP Health Rules SB 894 MCHCP Dempsey Business & Complete 3/23/10 04/06/10 Complete S Bills for included in eligible state retirees 03/16/10 Insurance w/ HCS Insurance 02/23/10 04/27/10 3rd Read HB 2205 05/11/10 Requires all state employees hired on or Veteran's S Informal Hearing MOSERS / after January 1, 2011 to participate in a Affairs, DP Calendar SB 896 Shields Complete MPERS defined contribution retirement plan Pensions & 02/24/10 S Bills for 02/18/10 under MOSERS or MPERS Urban Affairs Perfection Requires a 50% compensation limit for Veteran's Provisions retirees returning to system covered Affairs, included in SB 938 KCPSRS Justus work and includes IRC conformance Pensions & SB 714 & provisions Urban Affairs HB 2357 Any state employee hired after 01/01/11 will be required to reach age 67 with at least 10 years of service or utilize Rule of Veteran's MOSERS / Provisions 90 with age 55, to be eligible for normal Affairs, SB 1048 MPERS/ Crowell included in retirement benefit and will be required to Pensions & Judicial Plan SB 714 contribute 4% to the system. General Urban Affairs Assembly, Elected Official and Judicial provisions are also modified. Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 3 2010 RETIREMENT LEGISLATION -- SENATE SENATE BILLS SENATE ACTION HOUSE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Any state employee, General Assembly member, Elected Official, or Judge who begins employment after 1/1/11, will be Veteran's MOSERS / required to reach age 62 with service Affairs, SB 1049 MPERS/ Crowell requirements to be eligible for retirement, Pensions & Judicial Plan will be required to contribute 5% to the Urban Affairs system, and modifies judicial return to work & survivor provisions Veteran's Creates the Missouri Public Trust Provisions MOSERS / Affairs, SB 1050 Company to manage investments for Crowell included in MPERS Pensions & MOSERS & MPERS SB 714 Urban Affairs Hearing S Formal Provisions MOSERS / Transfers Water Patrol employees to the Complete DP Calendar SSBB 11005577 SShhiieellddss GGeenneerraall LLaawwss 0044//1133//1100 iinncclluuddeedd iinn MPERSS Highway Patrol 004//2299//1100 004//0077//1100 SS BBilllls ffor HB 1868 GAFO 3rd Read Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 4 2010 RETIREMENT LEGISIATION ... HOUSE HOUSE BILLS HOUSE ACTION SENATE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Allows members, who retire under a MOSERS & joint/survivor option, to elect & receive a HB 1264 Komo MPERS normal annuity upon marriage dissolution under certain circumstances 1) Clarifies that counties adopting a charter government after 01/01/08 will DP S Informal Calendar CERF, continue to collect delinquent & back tax Hearing Consent w/ Eco Devo & Hearing DP Ways & H Bills for HB 1290 LAGERS, & fee at the same rate as prior to Gatschenberger Complete HCS 03/24/10 03/29/10 Local Complete w/ SCS Means 3rd Read w/ KCPSRS adoption. 03/04/10 Rules Government 04/14/10 04/14/10 SA's 2) Allows the State Auditor to audit 03/16/10 pending public pension plans every 3 years. Clarifies that counties adopting a DP DP Hearing Eco Devo & Hearing charter government after 1/1/08 will w/ HCS GAFO TAFP HB 1316 CERF Deeken Tax Reform Complete 04/19/10 04/22/10 Local Complete 05/11/10 collect delinquent & back tax fee at same Rules w/ SCS 05/13/10 01/27/10 Government 04/28/10 level prior to charter adoption 02/17/10 05/06/10 EElleecctteedd oorr aappppooiinntteedd ooffffiicciiaall ooff tthhiiss ssttaattee Scheduled or any political subdivision found or HB 1414 MOSERS McGhee Ethics Not Heard pleads guilty of a felony foreits all 01/26/10 benefits Clarifies that counties adopting a DP S Informal Hearing Hearing DP charter government after 1/1/08 will Ways & Consent Ways & Calendar HB 1424 CERF Franz Complete 03/24/10 03/29/10 Complete w/ SCS collect delinquent & back tax fee at same Means Rules Means H Bills for 02/18/10 04/07/10 04/21/10 level prior to charter adoption 03/17/10 3rd Read Allows the City of Peculiar to submit to City of HB 1471 voters a retail sales tax of up to .5% for Scavuzzo Peculiar Public Safety Department use. Reduces the minimum service retirement HB 1533 LAGERS age for a county road worker from age Fischer, L 60 to age 55 Allows active members eligible for normal DP Hearing H Calendar retirement with an annuity commencing Rules HB 1583 MOSERS Jones, K. Retirement Complete Bills for between 1/1/10 & 9/1/10 to retire & receive w/ HCS 04/28/10 Perfection a monetary incentive 04/28/10 Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 5 2010 RETIREMENT LEGISIATION ... HOUSE HOUSE BILLS HOUSE ACTION SENATE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Establishes a minimum salary for certain HB 1597 MOSERS employees with the Department of Deeken Corrections Provides for local control of a St. Louis City police force if passed through Hearing DP Perfection St. Louis HB 1601 ordinance. Requires the associated Nasheed Urban Issues Complete Rules Defeated Police retirement system to continue to be 03/01/10 03/22/10 03/31/10 governed under Chapter 86 Authorizes an annual salary adjustment MOSERS & HB 1687 for state employees equal to cost of LeVota MPERS living adjustment associated with the CPI Reqquires the transfer of funds to cover a MMOOSSEERRSS && FFrraannzz && HB 1704 transferred service election between the MPERS Schlottach two systems MCHCP, Removes eligibility for state employees Hearing HB 1715 MoDOT, hired after 01/01/12 for sponsored health Parson Retirement Cancelled Conservation insurance benefits upon retirement 05/04/10 St. Louis Modifies the make-up of the board of Chappelle- HB 1752 PSRS trustees Nadal Provides auto enrollment in the state employees' deferred compensation HB 1798 MOSERS Bruns program for eligible employees hired on or after 9/1/10 DP DP 05/06/10 Transfers Water Patrol employees to the Hearing Financial, Gov Hearing MOSERS & General Consent GAFO with TAFP HB 1868 Highway Patrol. Establishes Commission Scharnhorst Complete 3/30/10 03/31/10 Org, & Complete MPERS Laws Rules w/ SCS Emergency 05/14/10 on Reorganization of State Health Care. 03/02/10 Elections 04/19/10 03/22/10 05/06/10 Clause Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 6 2010 RETIREMENT LEGISIATION ... HOUSE HOUSE BILLS HOUSE ACTION SENATE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Police Chiefs/ Establishes the Police Chiefs/Police Police Officers Officers Retirement Fund which would Public HB 1899 Dugger Retirement provide a retirement annuity to municipal Safety Fund police chiefs and officers Creates the Law Enforcement Safety Fund and authorizes a $7 surcharge in Law HB 1992 certain criminal cases to fund a Fischer, L. Enforcement contribution system for certain law enforcement employees Modifies when an employee who is a Sheriffs' member of the Sheriffs' Retirement HB 2096 Retirement Bruns System and elected at a special election System receives creditable service Modifies direct rollover provisions for the HB 2100 CERF Franz County Employees' Retirement System Prohibits members of the General Assembly who have not served at least 3 HB 2112 MOSERS full biennial assemblies from accruing Koenig creditable service under the Year 2000 Plan Establishes a defined contribution Hearing Statutory HB 2113 retirement plan for new hires on or after Koenig Retirement Complete Public Plans 01/01/11 04/13/10 Allows LAGERS benefit recipients to serve as elected officials for the Hearing DP HB 2122 LAGERS jurisdiction from which they retired Dougherty Retirement Complete 04/13/10 without forfeiting their monthly 04/13/10 retirement benefit Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 7 2010 RETIREMENT LEGISIATION ... HOUSE HOUSE BILLS HOUSE ACTION SENATE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Provides an exclusion in the prohibition of HB 2134 PSRS/ PEERS nonprofit organization coverage under Flook systems. Provisions to modify starting date of retirement benefit in event of death of Hearing KC Police & HB 2162 member &/or surviving spouse & modifies Flook Retirement Complete Civilian Police criteria associated with prior service 04/13/10 purchase DP Small S Informal Hearing Hearing DP Provisions Modifies benefit offering for medicare Health Care Consent Business, Calendar HB 2205 MCHCP Burlison Complete 03/30/10 03/31/10 Complete w/ SCS included in eligible state retirees Policy Rules Insurance, H Bills for 03/03/10 04/13/10 05/05/10 SB 894 03/22/10 Industry 3rd Read Requires a 50% compensation limit for Provisions HHeeaarriinngg rettiirees retturniing tto systtem coveredd DDPP iinclluddedd iin HB 2221 KC PSRS Curls Retirement Complete work and includes IRC conformance 04/13/10 HB 2357 & 04/13/10 provisions SB 714 Beginning 8/28/10, allows a person employed 17 or less hours per week in a HB 2292 PEERS Fallert school to be employed in another public school. Modifies benefit offering for medicare HB 2308 MCHCP Burlison eligible state retirees Allows employee of the University of Missouri to be entitled to a leave of University of HB 2349 absence for military service or election to Nolte Missouri public office. Such leave shall not result in retirement benefit loss. Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 8 2010 RETIREMENT LEGISIATION ... HOUSE HOUSE BILLS HOUSE ACTION SENATE ACTION OTHER ACTION Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Senate Substitute for House Committee Substitue.: 1) Requires MO public pension plans to establish policy regarding investments & terrorism 2) Allows State Auditor to audit public pension plans every 3 yrs. 3) Increases age & service requirements for state employees, General Assembly, DP Veteran's Public Hearing Hearing DP H Calendar Elected Officials, or Judges who begin Rules Affairs, HB 2357 Retirement Smith Veterans Complete 04/08/10 04/14/10 Complete GAFO 05/06/10 H Bills w/ employment after 1/1/11. Such members w/ HCS Pensions & Plans 03/30/10 04/29/10 05/06/10 S Amends will be required to contribute 4% of pay to 04/06/10 Urban Affairs the applicable retirement system. 4) Creates Missouri State Retirement Investment Board to invest MOSERS/MPERS assets. 5) Requires a 50% compensation limit for rreettiirreeeess rreettuurrnniinngg ttoo wwoorrkk - KKCCPPSSRRSS 6) IRC Conformance provisions - St. Louis Police Increases the retiree return to work limits from 550 hours to 750 hours per school year and compensation limits HB 2409 PSRS from 50% to 75% compensation. Denison Requires employee contribution for retiree working over 550 hours but less than 750 hours per year. Allows Water Patrol employees Hearing DP MOSERS & transferred to the Highway Patrol to Public HB 2417 Roorda Complete w/ HCS MPERS elect retirement benefit coverage under Safety 04/07/10 04/15/10 MPERS within 90 days of 1/1/11 Social Urges Congress to support repeal of the HCR 4 Nolte Security GPO and WEP Updated 5/17/2010 JOINT COMMTITEE ON PUBllC EMPLOYEE RETIREMENT www.jcper.org 9 2010 RETIREMENT LEGISI.ATION PENSION EXEMPTION ~ Bill Number System Affected Description Sponsor Committee Assigned Date/ Time Hearing Rm Committee Action Perfected Passed 3rd Read Committee Assigned Date/ Time Hearing Rm Committee Action Passed 3rd Read Notes Governor Action Authorizes a refundable income tax Age 70 & credit for taxpayers 70 years of age or HB 1576 Hoskins older older for 50% of the personal property taxes paid on motor vehicles they own Authorizes an income tax credit for Age 65 & resident taxpayers who are 65 years of HB 1577 Hoskins older age or older with an adjusted gross income of $9,570 or less Proposes constitutional amendment Age 65 & HJR 67 exempting age 65 & over from property Pratt Over tax. JOINT COMMI1TEE ON PUBllC EMPLOYEE RETIREMENT Updated 5/17/2010 www.jcper.org 10
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