Bill > HB735

This bill modifies several provisions related to public employee retirement benefits in Missouri. It establishes new rules for correcting errors in retirement records, allowing retirement systems to recover overpayments through single sum or installment repayments within a ten-year window (except in cases of fraud). The bill also introduces provisions preventing survivors or beneficiaries who are charged with intentionally killing a retirement system member from receiving benefits, with the option to resume payments if they are not convicted. Additionally, the bill creates a new provision allowing members with deferred annuities to potentially receive a lump sum payment, extending the election period to January 1, 2026. A significant new section (105.695) is added to prohibit public pension systems from using system funds to directly support or oppose ballot measures or political candidates, ensuring that retirement system money is used solely for its intended purpose of providing employee benefits. These changes aim to provide more clarity, accountability, and financial control in Missouri's public employee retirement systems.

Government Affairs, Labor and Employment

https://house.mo.gov/Bill.aspx?bill=HB735&year=2025&code=R