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Joint Committee on Public Employee Retirement Legislation Sheet 2020 PDF

2020·0.98 MB·English
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Preview Joint Committee on Public Employee Retirement Legislation Sheet 2020

2020 RETIREMENT LEGISLATION - HOUSE HOUSE BILLS HOUSE ACTION SENATE ACTION OTHER ACTION Committee Date/Time Committee Passed 3rd Committee Date/Time Committee Passed 3rd Gov Bill Number System Affected Description Sponsor Perfected Notes Assigned Hearing Rm Action Read Assigned Hearing Rm Action Read Action Executive Session Voted do pass Placed on Consent Perfected House Bills For Modifies the mailing requirements Health and Completed HB1270 Blind Pension Fund Unsicker House and by Consent Third for the Blind Pension Fund. Mental Policy Voted Procedure 3/19/20 Read/Consent Do Pass 2/18/20 Calendar 2/3/20 Reauthorizes the 2.55 multiplier for HB1298 PSRS teachers retiring with 31 or more Dinkins Pensions years of service. Establishes the Missouri Workplace HB1311 Private Entities Retirement Savings Plan that private Shull Pensions business entities may join. Prohibits public entities from entering into certain contracts with companies unless the contract Hearing HB1344 All Public Plans includes a written certification that Baker General Laws Completed the company is not engaged in a 2/12/20 boycott of goods or services from Israel. Creates the Missouri Secure Choice Savings Program to permit certain private sector employers to enroll in Private Sector HB1432 a retirement savings plan. Kendrick Higher Education Employees Establishes enrollment conditions and what documents the board needs to provide to the employee. 1. LAGERS -Permits each political subdivision to elect a member contribution rate of 2% or 6% of compensation in addition to the current options of 0% and 4%. 2. MOSERS & MPERS - Allows members of MPERS and MOSERS to elect an adjusted 5/4/20 annuity amount and remove former spouses 3rd Read and as survivor beneficiaries upon divorce under certain circumstances. Executive Executive Passed with LAGERS, MOSERS, 3. PSRS - Provides that information pertaining Session 1/27/20 2/03/20 Third Session Amendments. Truly HB1467 MPERS, PSRS, to the salaries and benefits of the executive Completed Rules - Perfected Read and Health and Hearing Completed 5/6/20 agreed *combined director and employees of the Board of Pike Pensions Administrative Passed/ Conducted Fiscal Review and finally Judicial Retirement Voted 1/29/20 Pensions SCS Voted with HB 1934 Trustees of the Public School Retirement Oversight Reported to 4/29/20 Voted passed System System of Missouri shall not be considered Do Pass Voted Do Pass Senate Do Pass Do Pass 5/7/20 confidential information. 1/21/20 4/29/20 5/6/20 4. MOSERS & Judicial Retirement System - Reported to the Establishes a buyout program for terminated House floor. vested members of MOSERS employed in a position covered by the Judicial Retirement System to receive a lump sum payment. SA 1: Provides that a lump sum distribution is subject to the provisions of the Internal Revenue Code. Updated 5/18/2020 JOINT COMMITTEE ON PUBLIC EMPLOYEE RETIREMENT www.jcper.org 1 Establishes the Retirees Experiencing Special Hearing Executive Session a Better Living Initiative Fund to HB1516 Retired Individuals Messenger Committee on Conducted Postponed advertise Missouri to retirees in Aging 2/12/20 3/4/20 other states. Transfers control of the City of St. Louis Police Department to the Board Local HB1544 St. Louis Police of Police Commissioners. Modifies Carter Government the composition of the retirement system's board of trustees. Hearing Provides that information pertaining Executive Conducted to the salaries and benefits of the 1/30/20 2/10/20 Third Session combined HB1934 executive director and employees of Completed Rules - Perfected Read and Health and with HB *combined PSRS the Board of Trustees of the Public Wiemann Pensions Administrative Passed/ Voted 2/04/20 Pensions 1467, SCS with HB 1467 School Retirement System of Oversight Voted Reported to Do Pass Voted Do Missouri shall not be considered Do Pass Senate 1/21/20 Pass confidential information. 4/29/2020 Executive 3/4/20 Session Placed on MOSERS, MPERS and Modifies multiple provisions relating Rules - Completed Informal HB1999 Judicial Retirement to MOSERS, MPERS and the Judicial Black (7) Pensions Administrative Voted Perfection System Retirement System. Oversight Do Pass Calendar Voted Do Pass 2/11/20 Hearing Reduces the number of Highway Conducted 3/11/20 Commissioners on the MPERS board 3/3/20 Referred to HB2165 MPERS of trustees from three to one. Ross Pensions HCS Rules - Modifies the length of terms for the Voted Administrative two active employee trustees. Do Pass Oversight 3/11/20 Modifies provisions relating to workforce development in elementary and secondary education. Modifies the working after retirement critical shortage law for PSRS and PEERS. Elementary and Hearing Executive Session HB2174 PSRS & PEERS Increases the length of time, from two Pollitt Secondary conducted Postponed years to four years, that a retired Education 3/10/2020 4/30/20 member may work after retirement without losing his or her retirement benefit when a school district has declared a teacher/employee shortage. Prohibits public entities from Executive 2/18/20 entering into certain contracts with Session Rules - Legislative Placed on companies unless the contract Completed Oversight Informal HB2179 All Public Plans includes a written certification that Rehder General Laws HCS Voted Executive Session Perfection the company is not engaged in a Do Pass Completed Voted Calendar boycott of goods or services from 2/12/20 Do Pass Israel. Updated 5/18/2020 JOINT COMMITTEE ON PUBLIC EMPLOYEE RETIREMENT www.jcper.org 2 Increases the length of time, from two years to four years, that a retired member may work after Hearing HB2291 PSRS & PEERS retirement without losing his or her Black (7) Pensions Completed retirement benefit when a school 3/10/2020 district has declared a teacher/employee shortage. Modifies the working after retirement laws for retired members Hearing HB2460 PSRS & PEERS of PSRS and PEERS. Establishes an Black (7) Pensions Completed emergency substitute teacher pool 3/10/2020 track for retired teachers. Modifies penalty provisions for HB2473 CERF members of CERF who falsify earned Coleman (97) Pensions compensation records. Hearing Requires statutory public pension Conducted 3/18/20 Statutory Public plans to report employee names, Downsizing State 3/9/20 Referred to HB2476 Walsh Plans salary data, and incentive pay to the Government Voted Rules - Legislative Missouri Accountability Portal. Do Pass Oversight 3/18/20 Makes multiple provision changes to St. Louis Police HB 2669 the St. Louis Police Retirement Black (7) Pensions Retirement System System. Allows an active member of the judicial retirement system to receive a retirement benefit from MOSERS Judicial Retirement covered service. Extends the HB 2670 System, MOSERS, Black (7) Pensions authorization for the MOSERS and MPERS MPERS boards of trustees to operate a terminated vested buy-out program through May 31, 2022 Removes the Defined Contribution plans from the annual board member All Defined education requirement and the HB2683 Plocher Pensions Contribution Plans requirement to include certain information in an annual pension statement. Executive Dissolves the Highways and Session 3/18/20 Transportation Commission. Downsizing State Completed Referred to HB2702 MPERS Removes the three Highways and Knight Government HCS Voted Rules - Legislative Transportation Commissioners from Do Pass Oversight the MPERS board of trustees. 3/18/20 Provides a one time supplemental payment for retired members and HB2728 St. Louis PSRS Roberts (77) Pensions beneficiaries of the St. Louis PSRS, subject to appropriations. Provides a one time supplemental payment for retired members and HB2744 St. Louis PSRS Gray Pensions beneficiaries of the St. Louis PSRS, subject to appropriations. Updated 5/18/2020 JOINT COMMITTEE ON PUBLIC EMPLOYEE RETIREMENT www.jcper.org 3 2020 RETIREMENT LEGISLATION - Senate SENATE BILLS SENATE ACTION HOUSE ACTION OTHER ACTION Bill Committee Date/Time Passed 3rd Committee Date/Time Committee Passed 3rd Gov System Affected Description Sponsor Committee Action Perfected Notes Number Assigned Hearing Rm Read Assigned Hearing Rm Action Read Action This act creates a "Text-to-Donate" pilot program in Kansas City and St. Louis to provide services aimed at reducing the population of homeless persons in those Rules- cities. HCS Modifies provisions related to Administrative political subdivisions. 2/25/20 3/10/2020 Hearing Oversight 1. LAGERS - Permits each political Special Progress and Third Read Conducted Executive subdivision to elect a member contribution Progress and Hearing Committee on Defeated on LAGERS & All Public Holsman & Development Perfected & Passed/ HCS Session SB 544 rate of 2% or 6% of compensation in Development Conducted Regulatory Third Read Plans Arthur Committee 3/10/2020 3/10/2020 Voted Do Completed addition to the current options of 0% and Committee 2/11/2020 Oversight and Vote, 5/11/20 Voted Reported to Pass HCS 4%. Reform Do Pass House 4/30/20 Voted 2. All Public Plans - Prohibits public entities Do Pass from entering into certain contracts with 5/4/20 companies unless the contract includes a written certification that the company is not engaged in a boycott of goods or services from Israel. This act establishes the "Targeted Industrial Manufacturing Enhancement Zones Act". HCS Modifies provisions related to political 5/13/2020 subdivisions. Placed on 1. LAGERS - Permits each political 2/4/20 3/9/2020 Hearing Hearing Informal subdivision to elect a member contribution Economic Special Third Read Conducted Rules - Calendar for rate of 2% or 6% of compensation in Economic Hearing Development Committee on LAGERS & All Public Perfected and Passed/ HCS Administrative 3rd read with SB 594 addition to the current options of 0% and Hough Development Conducted Committee Regulatory Plans 3/4/2020 3/9/2020 Voted Do Oversight HCS. 4%. Committee 1/28/2020 SCS Oversight and Reported to Pass Voted Do Pass 5/7/20 2. All Public Plans - Prohibits public entities Voted Reform House 4/29/20 5/4/20 Fiscal Review from entering into certain contracts with Do Pass Voted companies unless the contract includes a Do Pass written certification that the company is not engaged in a boycott of goods or services from Israel. 1/22/20 Modifies provisions relating to financial 2/3/2020 Hearing Hearing Insurance and 3rd Read and Truly instruments. LAGERS: Permits each political Third Read Conducted Conducted Insurance and Hearing Banking Passed with agreed subdivision to elect a member contribution Perfected and Passed/ Financial HCS Rules - SB 599 LAGERS Brown Banking Conducted Committee House and finally rate of 2% or 6% of compensation in 1/28/2020 2/4/2020 Institutions Voted Do Legislative Committee 1/15/2020 SCS Amendments passed addition to the current options of 0% and Reported to Pass Oversight Voted 5/5/20 5/5/20 4%. House 3/12/20 3/16/20 Do Pass Updated 5/18/2020 JOINT COMMITTEE ON PUBLIC EMPLOYEE RETIREMENT www.jcper.org 1 Modifies the appointment qualifications for members of boards and commissions in certain cities. HCS Modifies provisions 5/13/20 related to political subdivisions. 2/27/20 3/10/2020 4/29/2020 4/30/2020 Rules Placed on LAGERS: Permits each political subdivision Local Government Third Read Special Hearing - Administrative Informal Local Hearing and Elections Committee on Calendar for 3rd LAGERS and all to elect a member contribution rate of 2% Perfected & Passed/ Conducted Oversight SB 725 Brown Government Completed SCS Regulatory Read with statutory public plans or 6% of compensation in addition to the 3/10/2020 3/10/2020 HCS HCS and Elections 2/19/2020 Voted Oversight and amendments. current options of 0% and 4%. Do Pass Reported to Reform Voted Voted 5/12/20 HA 11: Requires statutory public pension Consent House Do Pass Do Pass Fiscal Review plans to report employee names, salary Voted Do Pass data, and incentive pay to the Missouri Accountability Portal. 5/13/20 Prohibits public entities from entering into 3/3/20 4/30/2020 5/5/20 5/11/2020 Rules Fiscal Review Truly Government Third Read certain contracts with companies unless the Government Hearing Hearing -Legislative Voted Do agreed Reform Committee Perfected & Passed/ SB 739 All Plans contract includes a written certification that Onder Reform Completed General Laws Conducted Oversight Pass. and finally SCS 4/29/2020 4/30/2020 the company is not engaged in a boycott of Committee 2/25/2020 Voted Voted 5/14/20 passed Voted Reported to goods or services from Israel. Do Pass Do Pass Third Read 5/14/20 Do Pass House and Passed 3/11/20 Provides that information pertaining to the Health and salaries and benefits of the executive Hearing Health and Pensions director and employees of the Board of Completed SB 755 PSRS Sater Pensions Committee Trustees of the Public School Retirement 3/4/20 Committee SCS System of Missouri shall not be considered Voted confidential information. Do Pass 2/27/20 Health and Permits each political subdivision to elect a Placed Health and Hearing Pensions member contribution rate of 2% or 6% of on Informal SB 768 LAGERS Onder Pensions Completed Committee compensation in addition to the current Perfection Committee 2/19/2020 SCS options of 0% and 4%. Calendar Voted Do Pass Modifies provisions relating to workforce development in elementary and secondary education. Modifies the working after retirement critical shortage law for PSRS and Hearing Education SB 830 PSRS & PEERS PEERS. Increases the length of time, from two Cunningham Completed Committee years to four years, that a retired member may 3/10/20 work after retirement without losing his or her retirement benefit when a school district has declared a teacher/employee shortage. Hearing Social Security & Modifies provisions relating to income tax Ways and SB 847 Eigel Cancelled All Retirement Systems exemptions for certain retirement benefits. Means 3/10/20 MOSERS, MPERS and Modifies multiple provisions relating to Health and SB 901 Judicial Retirement MOSERS, MPERS and the Judicial Wallingford Pensions System Retirement System. Reduces the number of Highway Commissioners on the MPERS board of Health and SB 955 MPERS trustees from three to one. Lowers the Walsh Pensions requirement for a quorum from six trustees to a simple majority. Updated 5/18/2020 JOINT COMMITTEE ON PUBLIC EMPLOYEE RETIREMENT www.jcper.org 2 Establishes a buyout program for terminated vested members of MOSERS MOSERS, Judicial Health and SB 968 employed in a position covered by the Cierpiot Retirement System Pensions Judicial Retirement System to receive a lump sum payment. Modifies the mailing requirements for the Health and SB 974 Blind Pension Fund Wallingford Blind Pension Fund. Pensions St. Louis Police Makes multiple provision changes to the St. Health and SB 999 Walsh Retirement System Louis Police Retirement System. Pensions Modifies provisions relating to the public disclosure of investment assets, investment Health and SB 1000 All Public Pension Plans Onder contracts and employee salaries of the Pensions public employee retirement systems. Allows members of MPERS and MOSERS to elect an adjusted annuity amount and Health and SB 1024 MPERS & MOSERS remove former spouses as survivor Riddle Pensions beneficiaries upon divorce under certain circumstances. Updated 5/18/2020 JOINT COMMITTEE ON PUBLIC EMPLOYEE RETIREMENT www.jcper.org 3

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