| SB 0456 | Allows a self-directed deferred retirement plan program for the St. Louis Firefighters Retirement System |
| Sponsor: | Kennedy | |||
| LR Number: | 1157S.02T | Fiscal Note: | 1157-02 | |
| Committee: | Pensions and General Laws | |||
| Last Action: | 05/15/03 - Signed by Governor (w/EC) | Journal page: | S1706 | |
| Title: | ||||
| Effective Date: | Emergency Clause | |||
SB 456 - This act allows a self-directed deferred retirement plan program for the St. Louis Firefighters Retirement System. Currently, deferred retirement plan programs are required to accrue interest equal to the percentage rate of return on the system's portfolio. Self-directed programs shall not accrue interest at that rate of return, but would accrue interest based on the self-directed investments.
This act contains an emergency clause.
CINDY KADLEC