Missouri HB3208 modifies provisions for public school retirement systems' boards of trustees.
Missouri HB3208 revises the composition and operations of public school retirement systems' boards of trustees. The bill specifies the number and terms of trustees, their eligibility, and voting requirements. Trustees serve without compensation but are reimbursed for expenses. The board of trustees elects a chairman and appoints a secretary. The board engages an actuary and an investment counselor. Trustees must take an oath of office and keep records of proceedings. The board prepares annual reports and engages in legal actions to protect the retirement system's assets.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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