| SB 0939 | Creates a partial lump-sum option for KC police officers retirement system with persons over 26 years experience |
| Sponsor: | Wiggins | Co-Sponsor(s) | ||
| LR Number: | 3637L.01I | Fiscal Note: | 3637-01 | |
| Committee: | Pensions and General Laws | |||
| Last Action: | 03/13/02 - SCS Voted Do Pass S Pensions & General Laws | Journal page: | ||
| Committee (3637S.04C) | ||||
| Title: | SCS SB 939 | |||
| Effective Date: | August 28, 2002 | |||
SCS/SB 939 - This act revises provisions relating to the police retirement systems.
KANSAS CITY POLICE RETIREMENT SYSTEM - This act allows members with at least 26 years of service to receive an optional distribution under a partial lump-sum option plan. Requirements to make the election are provided. The method for calculating the amount of the lump sum distribution is provided. If a member chooses a lump sum distribution the base pension amount will be reduced according to the provisions in the act.
ST. LOUIS CITY POLICE - This act prohibits the St. Louis City
Police Department from requiring any vested employee to live in
the City of St. Louis as a condition of employment.
CINDY KADLEC