SCS/HB 1973 – The school board for each school district is required to annually provide a detailed financial statement to the Department of Elementary and Secondary Education containing names, total compensation packages, and any expenses made on behalf of the districts' superintendents, any assistant superintendents, and any consultant hired for administrative duties. Such information shall be published on the Department's website. This act modifies the Public School Retirement System of Missouri (PSRS) and the Public Education Employee Retirement System (PEERS). The board of trustees of PSRS or PEERS may indemnify and protect any trustee or employee against all claims or liabilities in his or her official or individual capacity except for gross negligence or willful misconduct. The board of trustees may obtain insurance or indemnity policies. For an employee or trustee to qualify for indemnity, he or she must provide written notice to the board of trustees within fifteen days after receiving service of process of a proceeding.
This act is similar to a provision contained in SB 1156 (2008); is similar to a provision contained in SCS/SBs 1153, 1154, 1155 & 1156; contains a provision identical to SB 1154 (2008); and is similar to a provision contained in HCS/HBs 2040 & 2430 (2008).
MICHAEL RUFF