Missouri SB1597 modifies rules for retirees reemployed by local governments, affecting their salary and retirement benefits.
Missouri SB1597 modifies provisions for local government retirees who return to work. Retirees can be reemployed at a salary comparable to others with similar experience and education. If reemployed by the same political subdivision from which they receive a retirement allowance, they forfeit one monthly benefit for each month worked. However, if reemployed by a city with less than 25,000 inhabitants, they may continue to receive their retirement allowance. The bill also outlines how additional allowances are calculated and when they become effective.
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- Legal Framework
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