SB 1242 | Renders alterations to the Kansas City public school retirement system |
Sponsor: | Wheeler | |||
LR Number: | 4520L.02T | Fiscal Note: | 4520-02 | |
Committee: | Pensions and General Laws | |||
Last Action: | 07/01/04 - Signed by Governor | Journal page: | ||
Title: | HCS SB 1242 | |||
Effective Date: | August 28, 2004 | |||
HCS/SB 1242 - This act alters policy with regard to the Kansas City public school retirement system.
SECTION 169.270 - This section revises the definition of "break in service" to include circumstances where a regular employee ceases to be employed and then becomes re-employed after 60 consecutive calendar days have elapsed or after 15 consecutive school or work days have lapsed. This definition also applies to a regular employee who retires under Section 169.280, RSMo, pertaining to the Kansas City Public School Retirement System, who later becomes re-employed after 15 consecutive school days or work days have elapsed.
Further, the act revises the definition of "minimum normal retirement age" to the earlier of the date a member reaches 60 years of age or the date a member has a total of at least 75 credits, with each year of creditable service and each year of age equaling one credit. Both years of creditable service and age will be prorated for fractional years.
Lastly, the act redefines the term "regular employee". Current law necessitates that a regular employee work in a position for five hours a day, five days a week. This act seeks to alter this provision by requiring that an employee only work a total of twenty-five hours a week, regardless of how many days it takes to work the twenty-five hours.
SECTION 169.291 - This section allows the retirement system to appoint more than three physicians to its medical board. Current law allows for only three physicians on the board.
SECTION 169.295 - This section allows the board of trustees to use one or more banks for conducting business. Current law allows the board to utilize only one bank.
SECTION 169.311 - This section deletes provisions concerning the development of rules and regulations used to determine claims of creditable service by eligible members.
SECTION 169.313 - This section is deleted from law and concerns the granting of prior service credit for a member who is employed by the Kansas City Public School District before January 1, 1944, and who becomes re- employed after January 1, 1944.
SECTION 169.322 - This section allows the medical board to certify, for the purposes of approving a member's disability allowance, that a member is mentally or physically unable to perform their duties based on either a medical examination or other medical information. Current law allows for such a designation only after a medical examination.
SECTION 169.324 - This section revises a provision concerning the certification of a disability for eligible members.
SECTION 169.328 - This section prohibits accumulated
contributions from being paid to a member before incurring a
break in service.
DONALD THALHUBER