SB 201 - This act makes the following changes to the St. Louis teachers' retirement system:

Currently members are allowed to reinstate creditable service by paying back the withdrawn contributions, with interest, and teaching at least seven more years in the district. This act provides that a member must have at least five years of creditable service to make the reinstatement, allows repayment over up to five years and requires continuous employment totalling at least seven years creditable service.

Currently, members retired by December 31, 1990 with at least 15 years service receive Consumer Price Index increases. The bill extends the eligibility to those retired by August 28, 1997 with 15 or more years of creditable service to receive Consumer Price Index increases.

OTTO FAJEN