Effective - 01 Jul 2014, 3 histories
178.640. Retirement system options for employees of the college, effective when — election by employee, time limitation — failure of employee to make election, effect — service credit, limitation. — 1. Employees of the technical college commonly known as the State Technical College of Missouri, who become employees of the State Technical College of Missouri on the date the conditions of section 178.631 are met, shall, on that date, become members of the Missouri state employees' retirement system if they otherwise meet the requirements for membership in that system.
(1) Any such employee who had been contributing to a retirement system established by sections 169.010 to 169.141 or 169.600 to 169.715 may elect one of the following:
(a) All creditable service with the public school retirement system of Missouri or the public education employee retirement system of Missouri resulting from employment with the State Technical College of Missouri shall be forfeited and an equal amount of service shall be transferred to and recognized as prior creditable service by the Missouri state employees' retirement system, and the member, upon application, shall receive a refund of accumulated contributions associated with such transferred service from the system to which member contributions had been made; or
(b) All creditable service with the public school retirement system of Missouri or the public education employee retirement system, regardless of the source of such creditable service, shall be recognized by the applicable system and the person, notwithstanding any of the provisions of chapter 169, shall immediately vest in the applicable system and, upon attainment of the minimum retirement age of the applicable system, be entitled to a monthly benefit based on such creditable service and the law in effect at the time of retirement, provided the person does not withdraw accumulated contributions associated with such creditable service.
(2) With respect to those persons electing to receive a refund under paragraph (a) of subdivision (1) of this subsection*, the public school retirement system of Missouri or the public education employee retirement system of Missouri, whichever is applicable, shall transfer to the Missouri state employees' retirement system an amount equal to the actuarial accrued liability for the forfeited creditable service, determined as if the person were going to continue to be an active member of the public school retirement system of Missouri or the public education employee retirement system as applicable, less the amount of any refunds of member contributions. In addition, notwithstanding any of the provisions of chapter 169, any person who elects to receive a refund under paragraph (a) of subdivision (1) of this subsection* and has creditable service with the public school retirement system of Missouri or the public education employee retirement system of Missouri resulting from employment with any employer other than the State Technical College of Missouri shall, with respect to such service, immediately vest in the applicable system and, upon attainment of the minimum retirement age of the applicable system, be entitled to a monthly benefit based on such creditable service and the law in effect at the time of retirement, provided the person does not withdraw accumulated contributions associated with such creditable service.
(3) The election under subdivision (1) of this subsection* shall be made within ninety days after the conditions of section 178.631 are met. Any person who fails to make an election within that period shall be deemed to have elected to be governed by paragraph (a) of subdivision (1) of this subsection*.
2. In no event shall any person receive service credit for the same period of service under more than one retirement system as a result of the provisions of this act.
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(L. 1995 S.B. 101 § 10, A.L. 2013 H.B. 673)
Effective 7-01-14
*Word "section" appears in original rolls.
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Chapter 178 - Special Schools and Instruction and Special Districts
Section 178.160 - State to furnish funds for readers for blind students, when.
Section 178.170 - Qualifications of reader.
Section 178.180 - Compensation of reader, how and when paid.
Section 178.280 - Board of directors of seven-director district may conduct summer schools.
Section 178.295 - Definitions.
Section 178.298 - Notice to school district of juvenile's placement or detention, when.
Section 178.300 - Part-time schools established, when.
Section 178.310 - State board to establish standards.
Section 178.320 - Federal funds available, when.
Section 178.330 - Attendance counted as part of employment time.
Section 178.340 - State and local boards of education to administer law.
Section 178.350 - District may be excused from maintaining part-time school.
Section 178.360 - Annual report of state board.
Section 178.370 - Establishment of two-year college courses.
Section 178.380 - Per capita cost of courses to be determined — tuition.
Section 178.390 - Board may set aside funds for pupils' tuition.
Section 178.420 - Definitions.
Section 178.430 - Acceptance of federal acts and funds.
Section 178.440 - State board of education to cooperate with federal authorities.
Section 178.450 - Duties of state board of education.
Section 178.460 - State treasurer to be custodian of funds.
Section 178.470 - Report to the general assembly.
Section 178.480 - Approved schools to receive federal money, when — appropriation of state's share.
Section 178.490 - Local boards may contract for vocational education services.
Section 178.500 - May also contract for additional instruction in approved courses.
Section 178.510 - Contracting district to pay tuition — apportionment of state aid.
Section 178.520 - Vocational education fund — how obtained when no state appropriation is made.
Section 178.540 - Commissioner of education to be executive officer — assistants.
Section 178.570 - State board may incur necessary administration expenses.
Section 178.580 - State board to report to general assembly.
Section 178.600 - State treasurer to be custodian of funds — disbursement.
Section 178.610 - Duties of state board of education.
Section 178.620 - State board to formulate plan of cooperation.
Section 178.630 - State board may receive gifts and donations — fund created — use — report.
Section 178.633 - Terms of voting members — nonvoting members, terms.
Section 178.634 - Board's expenses, to be paid — vacancies, resignations, removals, how filled.
Section 178.639 - Employees of college eligible for Missouri state employees' retirement system.
Section 178.651 - Definitions.
Section 178.653 - Independent living center fund created — administration — funding.
Section 178.658 - Location of centers, restriction on funding.
Section 178.691 - Definitions.
Section 178.693 - Educational and screening programs — reimbursement by state.
Section 178.695 - Program review.
Section 178.698 - Plan to distribute funds to allow voluntary participation.
Section 178.699 - Participation voluntary — information obtained is confidential.
Section 178.780 - Coordinating board for higher education to supervise colleges — duties.
Section 178.785 - Higher education core curriculum transfer act — definitions.
Section 178.787 - Forty-two credit hour block, adoption of — transfer of course credits.
Section 178.788 - Transfer practices, criteria to evaluate — requirements for credit transfers.
Section 178.789 - Rulemaking authority.
Section 178.790 - Boundaries of community college districts.
Section 178.800 - Petition to establish district — election on proposal.
Section 178.830 - Board of trustees — oath — officers — quorum — vacancies filled, how — seal.
Section 178.835 - Discipline of students.
Section 178.840 - Election, when held, how conducted — certification of votes cast.
Section 178.862 - Community college district police — oath, powers, qualifications.
Section 178.870 - Tax rates, limits — how increased and decreased.
Section 178.900 - Definitions.
Section 178.910 - Purposes of sheltered workshops.
Section 178.931 - Payments for hours worked by disabled employees, how calculated.
Section 178.940 - Department designated to accept and disburse federal funds.
Section 178.950 - Board of education to appoint necessary staff.