What this bill will do:

  • Provide employers the option to voluntarily elect to update their definition of "police officer' and/or "fire fighter"
  • Enable employers who elect this option to provide equitable retirement ages for jailers and EMS personnel
  • Require individual employers to bear the full cost, if any, of adopting a more inclusive definition

 

What this bill will NOT do:

  • Require employers to use the new definition
  • Automatically change an employer's definition of police officer or firefighter
  • Have any adverse financial impact to the LAGERS system

 

Track this legislation!

 

House Bill - 2383

What this bill will do:

  • Provide an alternative solution for the administration of an employer’s frozen pension plan
  • Allow employers to reduce administrative cost by taking advantage of LAGERS’ expertise and economies of scale
  • Enable employers, who wish to do so, to get out of the pension administration business
  • Continue to pay accrued benefits to retirees under the frozen plan in accordance with the plan’s original governing documents

 

What this bill will NOT do:

  • Change the benefits for members and retirees that have been accrued under the frozen plan
  • Relieve an employer of its financial obligation to fund their frozen plan
  • Mandate that an employer must consolidate frozen plans into LAGERS
  • Allow for the administration of an open pension plan
  • Have any adverse financial impact to the LAGERS system

 

Track this legislation!

 

Senate Bill - 639

House Bill - 1443

 

LAGERS will be pursuing two pieces of legislation during the upcoming legislative session.  Check back regularly for updates.

 

Missouri Local Government Employees Retirement System

Phone:   1-800-447-4334      Local:  573-636-9455        Fax:  573-636-9671     Email: info@molagers.org

 

701 West Main St.     PO Box 1665     Jefferson City, MO 65102