SCS/SB 748 - This act would allow certain members and survivors of deceased members of the Missouri State Employee Retirement System (MOSERS) the same retirement options as those of members and survivors addressed in HB 356 (1997). The members and survivors addressed in this act were not included in HB 356.

A member who terminated employment on or after October 1, 1984, and who retired and became a special consultant without any annuity in pay status on September 1, 1997, is eligible for additional compensation, and the amount depends on which annuity the member selected at retirement.

A person married to a member of Highway Employees' and Highway Patrol Retirement System or MOSERS shall receive a 50% survivor benefit if the member terminated employment on or after October 1, 1984, but retired before September 1, 1997, and had elected a normal annuity.

Also, any vested member, administrative law judge, legal advisor or judge who received benefits before August 28, 1997, shall, upon application, receive a one-time payment equal to the difference of what he or she received and the amount of benefits he or she would have received if the original benefit payment had been calculated pursuant to the law as in effect August 28, 1997 (from HB 356).

The surviving spouse of a member of MOSERS who terminated employment on or after October 1, 1984 and died prior to September 1, 1997, shall, upon application, receive a one-time payment calculated the same as above. If the member had retired with a normal annuity, the surviving spouse shall, upon application, receive a monthly benefit equal to 50% of the member's monthly annuity, with benefit increases between the member's death and the date of application. Additionally, the surviving spouse is eligible to receive a one-time payment, if necessary, equal to the amount the spouse would have received if the benefit had begun the month after the member's death.

If the member, whose employment terminated on or after October 1, 1997, died before retirement, the surviving spouse shall, upon application, receive a one-time payment equal to the difference of what he or she received and the amount of benefits he or she would have received if the original benefit payment had been calculated pursuant to the law as in effect August 28, 1997 (from HB 356).
MARGARET J. TOALSON