SB997 - Missouri: SB997 - Removes certain limitations from investments made by boards of trustees of police and firemen's retirement systems

Please upgrade your Flash Player Home > Missouri > SB997 Chief Sponsor: Jason Crowell Tagged in: Boards, Commissions, Committees, Councils, Fire Protection, Law Enforcement Officers And Agencies, Retirement Systems And Benefits - General LR number: 4101S.01I Latest Update: Sunday, June, 15th 2008 Search Site SB 997 - Currently, investments made by boards of trustees of police and firemen's retirement systems are subject to all terms, conditions, limitations, and restrictions imposed upon life insurance or casualty companies in making their investments. This act removes those terms, conditions, limitations, and restrictions and requires the board to invest the funds of the systems as permitted by Sections 105.687 to 105.690, RSMo, regarding the duties of investment fiduciaries. This act is similar to provisions in SB 66 (2007) and identical to HB 2055 (2008). ALEXA PEARSON Comment on Bill - Be the first to leave a comment! 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