Bill > HB1655

This bill modifies several provisions related to public employee retirement benefits across multiple Missouri state retirement systems. The bill primarily addresses how retirement systems handle errors in benefit payments, allowing boards to recover overpayments through single sum or installment repayments, and establishes a ten-year statute of limitations for correcting such errors (with no time limit in cases of fraud). The bill also introduces provisions preventing benefit payments to survivors or beneficiaries who are charged with intentionally killing a retirement system member, and mandates that such benefits be suspended pending legal resolution. Additionally, the bill extends the timeframe for members with deferred annuities to make a one-time election for a lump sum payment, moving the deadline from May 31, 2018, to January 1, 2027. A new section is added (105.695) that prohibits public pension systems from using system funds to directly support or oppose ballot measures or political candidates, ensuring that retirement system resources are not used for political advocacy. The legislation applies to various state retirement systems and includes penalties for fraudulent statements or attempts to defraud the retirement systems.

Labor and Employment

https://house.mo.gov/Bill.aspx?bill=HB1655&year=2026&code=R