Effective - 28 Aug 1994
57.958. Board of directors — powers and duties — election procedure — terms — expenses — annual report. — 1. The general administration and the responsibility for the proper operation of the fund and the investment of the fund are vested in a board of directors of five persons. Directors shall be elected by a secret ballot vote of the sheriffs of counties. Directors shall be chosen for terms of four years from the first day of January next following their election, except that the members of the first board shall be appointed by the governor by and with the consent of the senate after notification in writing, respectively, by the sheriffs of eighty percent of the counties in the state, excluding the City of St. Louis and those counties of the first class having a charter form of government, that the sheriff has elected to come under the provisions of sections 57.949 to 57.997. Upon completion of the appointment of the board, the governor shall declare the system established. It shall be the responsibility of the initial board to establish procedures for the conduct of future elections of trustees and such procedures must be approved by a majority vote by secret ballot of the sheriffs of all the counties. The board shall have all powers and duties that are necessary and proper to enable it, its officers, employees and agents to fully and effectively carry out all the purposes of sections 57.949 to 57.997.
2. The board of directors shall elect one of their number as chairman and one of their number as vice chairman and may employ an administrator who shall serve as secretary to the board. The board shall hold regular meetings at least once each quarter. Other meetings may be called as necessary by the chairman. Notice of such meetings shall be given in accordance with chapter 610.
3. The board of directors shall retain an actuary as technical advisor to the board of directors.
4. The board of directors shall retain investment counsel to be an investment advisor to the board.
5. The board of directors shall arrange for annual audits by a certified public accountant.
6. The board of directors shall serve without compensation for their services as such; except that each director shall be paid for any necessary expenses incurred in the performance of duties authorized by the board.
7. The board of directors shall be allowed administrative costs for the operation of the system.
8. The board shall keep a record of its proceedings which shall be open to public inspection. It shall annually prepare a report showing the financial condition of the system. The report shall contain, but not be limited to, an auditor's opinion, financial statements prepared in accordance with generally accepted accounting principles, an actuary's certification along with actuarial assumptions and financial solvency tests.
9. Other provisions of law to the contrary notwithstanding, after the expiration of the terms of the board of trustees or directors holding office on July 11, 1991, the words "trustees" and "directors" meaning directors, as defined in section 57.949, the directors elected as successors to those directors holding office on July 11, 1991, shall be elected to staggered terms of four years each in the following manner: two directors shall be elected for a two-year term with their successors being elected to four-year terms and three directors shall be elected for a four-year term. The procedures for such elections and the designation of which terms will initially be two-year terms and which will be four-year terms shall be established solely by the board of directors of the sheriffs' retirement system. Directors shall be elected by a secret ballot vote of the active sheriffs and members of the sheriffs' retirement system. Beginning with the election of directors under the provisions of this subsection, at least one but not more than two of the directors shall be a retired member of the sheriffs' retirement system, except that any vacancies occurring on the board after all members have been duly elected shall be filled by the board and such appointed member shall serve until the next regularly scheduled election for such filled position.
10. Notwithstanding any provision of law to the contrary, any board member who was elected to the board as an active member representative and becomes a retired member of the system after such election shall, with the approval of the board, continue to serve on the board as an active member representative until the next regularly scheduled election for that position.
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(L. 1983 H.B. 81 § 57.910, A.L. 1986 S.B. 584, A.L. 1991 S.B. 298, A.L. 1994 H.B. 1197)
Structure Missouri Revised Statutes
Title VI - County, Township and Political Subdivision Government
Section 57.030 - Reelected, new bond.
Section 57.040 - Failure to give bond, effect.
Section 57.050 - Approval of bond.
Section 57.060 - Bond valid until disapproved.
Section 57.070 - Certificate, bond and oath to be recorded.
Section 57.080 - Vacancy in office, how filled — private person may execute process, when.
Section 57.090 - To attend courts — when.
Section 57.100 - Duties generally — concealed carry permits, duties.
Section 57.101 - Ordinances, city, town and villages, enforcement, requirements.
Section 57.102 - To report on jail and prisoners (second class counties).
Section 57.104 - Sheriff, all noncharter counties, employment of attorney.
Section 57.109 - May contract for services on federal water resources lands, limitation.
Section 57.110 - Duties as conservators of the peace — return of recognizance.
Section 57.113 - Duty to patrol certain highways (certain first and certain second class counties).
Section 57.115 - Sheriff may patrol roads and highways (third and fourth class counties).
Section 57.119 - Deputy sheriffs, temporary appointment.
Section 57.140 - Moneys collected on executions, to whom paid.
Section 57.150 - At expiration of term, to turn over funds to successor.
Section 57.160 - Failure to turn over — guilty of misdemeanor and subject to civil action on bond.
Section 57.170 - Summary proceedings against sureties.
Section 57.180 - Settlements of courts with sheriffs and marshals.
Section 57.190 - Penalty if sheriff or marshal fails to settle.
Section 57.220 - Appointment of deputies, provisions of law to apply (second class counties).
Section 57.230 - Salaries of deputies from county treasury.
Section 57.240 - Employment of other persons.
Section 57.260 - Duties — penalty for neglect (Marion County).
Section 57.270 - Powers of deputies.
Section 57.275 - Dismissal of deputies, procedure.
Section 57.278 - Deputy sheriff salary supplementation fund created, use of moneys.
Section 57.280 - Sheriff to receive charge, civil cases — service of process, fee.
Section 57.290 - Charges in criminal cases.
Section 57.295 - Uniform allowance, county may pay.
Section 57.320 - County may supply automobiles to sheriff and deputies (first class counties).
Section 57.349 - Sheriffs' motor vehicles, county commission to provide (second class counties).
Section 57.350 - Mileage expenses allowed (second class counties).
Section 57.355 - Additional duty, investigation of jurors (second class counties).
Section 57.360 - Additional travel expense (second class counties).
Section 57.403 - Compensation for reporting to highway patrol (third and fourth class counties).
Section 57.410 - Sheriff to collect fees for county (third and fourth class counties).
Section 57.440 - Travel expense to be paid monthly.
Section 57.445 - Living quarters (second, third and fourth class counties).
Section 57.450 - Laws applicable — enforcement of general criminal laws, when.
Section 57.452 - St. Louis City, sheriffs exempt from certification requirements.
Section 57.460 - Bond, by whom approved.
Section 57.475 - To investigate certain deputies for circuit court.
Section 57.490 - To make itemized statement of fees.
Section 57.500 - Bondsmen liable, when.
Section 57.510 - Office and supplies furnished.
Section 57.520 - Expense paid out of city treasury.
Section 57.530 - May appoint deputies and fix compensation, limits.
Section 57.540 - Attorney — compensation.
Section 57.550 - Salary for sheriff and deputies.
Section 57.570 - Highway patrol authorized — rules.
Section 57.580 - Patrol to police highways and protect county employees.
Section 57.600 - Salaries and expenses paid from county aid road fund.
Section 57.955 - Sources of fund — remittances — disbursements.
Section 57.961 - Membership in system — certain cities and counties may join, how.
Section 57.964 - Retirement with normal annuity.
Section 57.968 - Annual increase in benefits — how calculated.
Section 57.970 - Years of service, calculation.
Section 57.973 - Credit for prior service.
Section 57.976 - Retirement, procedure — annuity begins, when.
Section 57.980 - Death benefits.
Section 57.991 - Effect of benefits on eligibility for benefits in other systems.
Section 57.994 - First payment of benefits under system available, when — vesting of rights.
Section 57.997 - Former sheriff may be employed as special advisor and purchase annuity.