Effective - 28 Aug 2005
169.561. Retirees return to work considered new membership in applicable retirement system — vesting period, contributions, service credit — termination, withdrawal of contributions, when. — Any person retired and currently receiving a retirement allowance from either the public school retirement system of Missouri or the public education employee retirement system of Missouri, other than for disability, who elects to return to work in an employment capacity covered by either of the aforementioned retirement systems shall undertake such service under a new membership in the applicable system. The new membership for such a person shall have a vesting period of one year of creditable service, after which the person shall be eligible to retire and receive a second or subsequent retirement allowance for the service credit earned under the new membership in accordance with the law governing such matters. Contributions shall be made to the retirement system for any covered employment under the new membership at the same time and in the same manner as contributions are made for covered employment generally. Service credit shall be earned or may be acquired under the new membership in accordance with the law governing such matters. A second or subsequent membership or retirement allowance established or earned pursuant to this section shall be separate from and shall not be combined with any previous membership service credit or retirement allowance earned from the aforementioned retirement systems. Upon termination of covered employment under a second or subsequent membership, and in lieu of application for and receipt of a retirement allowance based on such service, the person may withdraw from the retirement system and receive a refund of the person's contributions during such membership in accordance with the law governing such matters; provided that, by so doing, the person shall forfeit any creditable service the person may have accrued under that membership. A person shall not receive a retirement allowance from the aforementioned retirement systems for any previous membership service while in covered employment under a new membership established pursuant to this section, nor shall a person receive such a retirement allowance in any month in which the person earns service credit under the new membership.
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(L. 1999 H.B. 514 merged with S.B. 308 & 314, A.L. 2005 H.B. 443)
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Chapter 169 - Teacher and School Employee Retirement Systems
Section 169.010 - Definitions.
Section 169.021 - Transfer of teachers from urban district to state retirement system — procedure.
Section 169.022 - Board of education in sections 169.020 and 169.021 defined.
Section 169.035 - Additional deposits by members, when.
Section 169.045 - Bank deposits of system, how secured.
Section 169.050 - Membership — prior service credit, withdrawal — reinstatement contributions.
Section 169.060 - Retirement and disability.
Section 169.080 - Correction of errors in benefits — adjustment.
Section 169.090 - Funds not subject to execution, garnishment, attachment.
Section 169.100 - Gifts accepted.
Section 169.110 - Appropriations made by general assembly to be repaid in two-year period.
Section 169.270 - Definitions.
Section 169.295 - Board of trustees, powers and duties.
Section 169.311 - One year creditable service, how computed.
Section 169.320 - Member may retire, when.
Section 169.326 - Optional plans for payment of benefits — limitations — waiver.
Section 169.380 - Immunity from execution, garnishment or attachment.
Section 169.390 - Limitation of state contributions.
Section 169.400 - Correction of errors in benefits — adjustment.
Section 169.410 - Definitions.
Section 169.420 - Retirement system — how managed.
Section 169.430 - Who shall be members.
Section 169.466 - Annual pension increase, when.
Section 169.476 - Insurance for retired members may be provided — rules and regulations.
Section 169.510 - Obligations of system paid how — effect of change in law.
Section 169.530 - False statement, misdemeanor — correction of records — adjustment.
Section 169.540 - State shall contribute no funds — exceptions.
Section 169.560 - Retirees may be employed, when — salary amount, effect on benefits, exception.
Section 169.566 - School retirement systems to conduct study.
Section 169.569 - Joint rules promulgated, procedure.
Section 169.573 - Plan for utilization of minority professionals, report.
Section 169.574 - Members may designate trust as beneficiary.
Section 169.587 - Benefits exempted from taxation and creditors — benefits not assignable.
Section 169.597 - Hancock amendment standing — certain statutes void, when.
Section 169.600 - Definitions.
Section 169.610 - System established — board of trustees to administer — funds to be kept separate.
Section 169.640 - Bank deposits of system, how secured.
Section 169.650 - Membership — prior service credit — reinstatement — procedure.
Section 169.670 - Benefits, how computed — beneficiary benefits, options, election of.
Section 169.680 - Penalty for false statements — correction of errors in benefits — adjustment.
Section 169.690 - Funds not subject to execution, garnishment, attachment.
Section 169.700 - Gifts accepted.
Section 169.750 - Indemnification permitted, when — insurance or indemnity policies authorized.