Bill > HB686

This bill modifies several provisions related to public employee retirement benefits in Missouri. It establishes new rules for correcting payment errors in retirement systems, allowing boards to recover overpayments through lump sum or installment repayments within a ten-year window (except in cases of fraud). The bill specifies that retirement benefits will be suspended for survivors or beneficiaries charged with intentionally killing a retirement system member, and permanently terminated if convicted. Additionally, the bill provides a one-time option for members with deferred annuities to receive a lump sum payment up to January 1, 2026, which would require forfeiting all future retirement and long-term disability benefits. A new provision is introduced that prohibits public pension systems from using system funds to support or oppose ballot measures or political candidates, ensuring that retirement system resources are not used for political activities. These changes aim to improve financial management, prevent fraud, and maintain the integrity of public employee retirement systems in Missouri.

Labor and Employment

https://house.mo.gov/Bill.aspx?bill=HB686&year=2025&code=R