Effective - 28 Aug 2003
104.806. Certain employees transferred to MoDOT, not to become members of MoDOT retirement system unless elect to, procedure. — 1. Employees who are earning creditable service in the closed plan of the Missouri state employees' retirement system and who are transferred to the department of transportation as a result of the provisions of executive order 03-05 will not become members of the closed plan of the highways and transportation employees' and highway patrol retirement system unless they elect to transfer membership and creditable service to the closed plan of the highways and transportation employees' and highway patrol retirement system. The election must be in writing and must be made within ninety days of July 1, 2003. Any election to transfer membership and creditable service to the highways and transportation employees' and highway patrol retirement system shall result in the forfeiture of any rights or benefits in the Missouri state employees' retirement system. Any failure to elect to transfer membership and creditable service pursuant to this subsection will result in the employees remaining in the closed plan of the Missouri state employees' retirement system. If an election is made, the effective date for commencement of membership and transfer of such creditable service shall be January 1, 2004.
2. Employees who are earning credited service in the year 2000 plan of the Missouri state employees' retirement system and who are transferred to the department of transportation as a result of the provisions of executive order 03-05 will remain in the year 2000 plan administered by the Missouri state employees' retirement system unless they elect to transfer membership and credited service to the year 2000 plan administered by the highways and transportation employees' and highway patrol retirement system. The election must be in writing and must be made within ninety days of July 1, 2003. Any election to transfer membership and credited service to the year 2000 plan administered by the highways and transportation employees' and highway patrol retirement system shall result in the forfeiture of any rights or benefits in the Missouri state employees' retirement system. Any failure to elect to transfer membership and credited service pursuant to this subsection will result in the employees remaining in the year 2000 plan administered by the Missouri state employees' retirement system. If an election is made, the effective date for commencement of membership and transfer of such creditable service shall be January 1, 2004.
3. For any employee who elects pursuant to subsection 1 or 2 of this section to transfer to the highways and transportation employees' and highway patrol retirement system, the Missouri state employees' retirement system shall pay to the highways and transportation employees' and highway patrol retirement system, by December 31, 2003, an amount actuarially determined to equal the liability at the time of the transfer to the extent that liability is funded as of the most recent actuarial valuation, not to exceed one hundred percent.
4. In no event shall any employee receive service credit for the same period of service under more than one retirement system as a result of the provisions of this section.
5. For any transferred employee who elects pursuant to subsection 1 or 2 of this section to transfer to the highways and transportation employees' and highway patrol retirement system, the only medical coverage available for the employee shall be the medical coverage provided in section 104.270. The effective date for commencement of medical coverage shall be January 1, 2004. However, this does not preclude medical coverage for the transferred employee as a dependent under any other health care plan.
--------
(L. 2003 S.B. 248, et al.)
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.