Modifies retirement allowance multipliers for certain members of the Missouri Public School Retirement System.
The bill modifies the retirement allowance multipliers for certain members of the Missouri Public School Retirement System. It specifies that members who cease to be public school employees after acquiring five or more years of membership service may leave their contributions with the retirement system and claim a retirement allowance after reaching the minimum age for voluntary retirement. The bill also details the conditions under which retirement allowances are paid to beneficiaries and surviving family members.
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- Critical Issues
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