Bill > SB357

This bill modifies the definition of "earnable compensation" for the Police Retirement System of St. Louis, specifically addressing how a police officer's annual salary and additional compensation are calculated. The bill clarifies that earnable compensation includes annual salary based on a member's rank or position, plus additional compensation for academic work and shift differentials, as set by state or municipal authorities. Importantly, the bill explicitly excludes certain types of compensation from the definition, such as overtime, standby time, court time, nonuniform time, and unused vacation time. A significant new provision prevents earnable compensation from including funds received through legal judgments or settlements that retroactively attempt to compensate a member for a claimed salary rank differential. The bill also maintains existing provisions that limit compensation calculations to federal tax code guidelines, ensuring that the total earnable compensation does not exceed limits set by the Internal Revenue Code. This modification aims to provide more precise and standardized guidelines for calculating retirement benefits for police officers in St. Louis.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=305