Missouri SB1557 modifies retirement provisions, including changes to Tier 2011 and deferred compensation.
Missouri SB1557 modifies provisions relating to retirement, including Tier 2011 and deferred compensation. The bill outlines changes to annuity payments, eligibility requirements, and refund processes for retirement benefits. It specifies conditions under which refunds of contributions and interest are processed, adjustments to annuity percentages based on age and service years, and the treatment of refunds as abandoned property under certain conditions.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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