SB 232 – Currently, certain provisions of the Public School Retirement System of Missouri and the Public Education Employee Retirement System of Missouri that allow teachers and school employees to retire with less than thirty years of service will expire on July 1, 2013. Also, a provision that allows teachers with thirty-one or more years of service to receive a higher multiplier to be used in the calculation of his or her retirement benefits will expire on July 1, 2013. This act makes these alternative retirement provisions permanent. This act is identical to HB 313 (2013), provisions contained in HB 808 (2013), and is similar to provisions contained in CCS#2/HCS/SCS/SB 17 (2013).
MICHAEL RUFF