SB 1384 Allows certain retirees to receive unused sick leave to vest in a retirement system
Sponsor:Scott
LR Number:4784S.02I Fiscal Note:4784-02
Committee:Pensions and General Laws
Last Action:03/30/04 - Hearing Conducted S Pensions & General Laws Journal page:
Committee
Title:
Effective Date:July 1, 2005
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Current Bill Summary

SB 1384 - This act gives any member of the Public School Retirement System who after the division of total unused sick leave by 168 hours retains any balance of unused sick leave hours, an additional full month of creditable service for retirement purposes within Section 104.601, RSMo. The act also removes the prohibition of using unused sick leave to reach the time of vesting within the retirement system.

The act allows that if a member terminates employment and is eligible to receive an annuity pursuant to the year 2000 plan, or becomes a vested former member at the time of termination, the member's or former member's unused sick leave who after the division of total unused sick leave by 168 hours retains any balance of unused sick leave hours, an additional full month of creditable service for retirement purposes within Section 104.601, RSMo. The act also removes the prohibition of using unused sick leave to reach the time of vesting within the retirement system.
RICHARD MOORE