Effective - 28 Aug 2001
104.1078. Separate accounts established for benefits — contributions by the state — board to determine premiums. — 1. Separate accounts for medical, life insurance and disability benefits provided pursuant to sections 104.1072 and 104.1075 shall be established as part of the fund. The funds, property and return on investments of the separate accounts shall not be commingled with any other funds, property and investment return of a system. All benefits and premiums are paid solely from the separate accounts for medical, life insurance and disability benefits provided in this section.
2. The state shall contribute an amount as appropriated by law and approved by the governor per month for medical benefits, life insurance, and long-term disability benefits as provided pursuant to sections 104.1072 and 104.1075 and such amounts shall include the cost of providing such benefits to members not on payroll status who are receiving workers' compensation benefits.
3. Each board shall determine the premium amounts required for participating persons. The premium amounts shall be the amount which, together with the state's contribution, is required to fund the benefits provided, taking into account necessary actuarial reserves. Separate premiums shall be established for employees' benefits and a separate premium or schedule of premiums shall be established for children under twenty-three years of age and for spouses of participating employees. The employee's premiums for spouse and children benefits shall be established to cover that portion of the cost of such benefits which is not paid for by contributions by the state. All such premium amounts shall be paid to a board of trustees at the time that each employee's wages or salary would normally be paid. The premium amounts so remitted will be placed in the separate account for medical, life insurance and disability benefits. In lieu of the availability of premium deductions, each board may establish alternative methods for the collection of premium amounts.
--------
(L. 1999 S.B. 308 & 314, A.L. 2001 S.B. 371)
Structure Missouri Revised Statutes
Title VIII - Public Officers and Employees, Bonds and Records
Chapter 104 - Retirement of State Officers and Employees
Section 104.010 - Definitions.
Section 104.012 - Spouse defined.
Section 104.020 - System created.
Section 104.060 - No payroll deductions — accumulated contributions refunded, when, to whom.
Section 104.080 - Member may retire when — waiver of monthly annuity, when.
Section 104.081 - Highway patrol retirement age.
Section 104.120 - Accumulated contributions paid as death benefit, when.
Section 104.130 - Death benefit of retired member.
Section 104.140 - Death prior to retirement, benefits.
Section 104.200 - Board may correct error in amounts paid member, limitation.
Section 104.210 - Powers of board of trustees.
Section 104.220 - Actuary, selection, duties.
Section 104.230 - Legal services to be rendered by whom.
Section 104.271 - Retirement age, certain employees — "eighty and out".
Section 104.272 - Certain members entitled to credit for service regardless of classification.
Section 104.330 - State employees to be members — military service, effect.
Section 104.339 - Creditable prior service, members entitled to.
Section 104.347 - Member elected as circuit clerk of certain counties entitled to annuity.
Section 104.354 - Part-time legislative employee retirement benefits — funding.
Section 104.378 - Survivors as special consultants on board, when, compensation.
Section 104.400 - Normal retirement age — early retirement requirements — annuity, how computed.
Section 104.422 - Accumulated contribution as death benefit of member or former member.
Section 104.510 - Actuary, selection — duties.
Section 104.516 - Conservation department, contributions for insurance for uniformed agents, when.
Section 104.520 - Legal advice, representation — attorney general to provide legal services, when.
Section 104.530 - Actions by and against system — process, how served — venue.
Section 104.603 - Reciprocal transfer of creditable service, when.
Section 104.604 - Surviving spouse to receive benefits from only one member — right to elect.
Section 104.606 - Purchase of creditable service, required before receipt of retirement annuity.
Section 104.615 - Minimum monthly benefits.
Section 104.625 - Annuities and lump sum payments, when, determination of amount.
Section 104.810 - Water patrol employees, membership options.
Section 104.1003 - Definitions.
Section 104.1006 - Year 2000 plan, citation, applicability of other provisions.
Section 104.1009 - Membership in year 2000 plan.
Section 104.1012 - Plans to be managed by appropriate boards.
Section 104.1018 - Vesting of benefits, when — reemployment of member, effect of.
Section 104.1021 - Credited service determined by board — calculation.
Section 104.1033 - Early retirement annuity, when.
Section 104.1039 - Reemployment of a retiree, effect on annuity — cost-of-living adjustments.
Section 104.1042 - Long-term disability, effect on retiree's annuity.
Section 104.1045 - Cost-of-living adjustment, amount.
Section 104.1048 - Waiver of monthly payment or COLA.
Section 104.1051 - Annuity deemed marital property — division of benefits.
Section 104.1057 - Year 2000 plan, a qualified plan according to federal law.
Section 104.1063 - Rulemaking authority.
Section 104.1066 - Actuarial evaluations, methods used — certification of contribution rate, when.
Section 104.1069 - Trust established, investment of funds.
Section 104.1072 - Life insurance benefits — medical insurance for certain retirees.
Section 104.1075 - Disability income benefits.
Section 104.1081 - Life insurance and disability benefit programs established — board rules.
Section 104.1087 - Credited service with multiple plans, payable annuity amount.
Section 104.1090 - Additional credited service, when.
Section 104.1200 - Definitions.
Section 104.1205 - Duties of board.
Section 104.1215 - Outside employee's election for membership, when.