SCS/SB 383 – This act establishes the Joint Interim Committee on the Public School Retirement System of Missouri to function during the legislative interim after the first regular session of the 95th General Assembly until January 29, 2010. The committee will consist of five members of the Senate and five members of the House of Representatives. The President Pro Tem of the Senate and the Speaker of the House of Representatives will each appoint three members. The minority leaders of the Senate and the House of Representatives will each appoint two members. The Joint Interim Committee will study issues, including, but not limited to, contribution rates by employers and members, long-term solvency of the Public School Retirement System of Missouri (PSRS), and issues affecting other state retirement systems that may similarly impact PSRS.
The Joint Interim Committee must prepare a final report and recommendations and submit it to the General Assembly by January 29, 2010.
MICHAEL RUFF