SB1153 - Missouri: SB1153 - Modifies provisions relating to several public employee retirement systems

HCS/SCS/SBs 1153, 1154, 1155 & 1156 - This act modifies various provisions relating to several retirement systems. Currently, the beneficiary of an active member of the Sheriff's Retirement System receives a death benefit of $10,000 or, if the member is killed in the performance of his or her duty, the beneficiary receives $20,000. This act increases the death benefit of any active member who dies to $20,000. Also, certain limitations on the amount of payments of medical insurance premiums are deleted. Sections 57.967 and 57.980. The act allows a retiree to authorize the board of the Missouri Local Government Employees' Retirement System (LAGERS) to deduct health insurance or long-term care insurance premiums from his or her retirement allowance. Section 70.695. The act creates a funding mechanism for survivor benefits when a member of LAGERS dies as the result of a duty-related injury or illness. Sections 70.710, 70.720, and 70.730. All suits or proceedings directly or indirectly [...]

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