Missouri Revised Statutes
Chapter 86 - Police Relief and Pension Systems
Section 86.123 - Method of financing.

Missouri Revised Statutes

Title VII - Cities, Towns and Villages

Chapter 86 - Police Relief and Pension Systems

Section 86.010 - Definitions.

Section 86.013 - Name and date of establishment of pension system — exception for systems established under other provisions.

Section 86.017 - Membership regulations.

Section 86.020 - Service creditable.

Section 86.023 - Administration.

Section 86.027 - Vacancy, how filled — trustees to serve without compensation.

Section 86.030 - Oath.

Section 86.033 - Voting — quorum.

Section 86.037 - Board to have exclusive original jurisdiction — judicial review.

Section 86.040 - Chairman, secretary, actuaries.

Section 86.043 - Data and records of the board.

Section 86.047 - Legal adviser and medical board — duties.

Section 86.050 - Actuary — duties.

Section 86.053 - Regular actuarial investigation.

Section 86.057 - Annual valuation of assets and liabilities.

Section 86.060 - Service retirement benefit.

Section 86.063 - Allowance on service retirement — additional pension to persons having served in Armed Forces.

Section 86.067 - Ordinary disability retirement benefit.

Section 86.070 - Allowance on ordinary disability retirement.

Section 86.073 - Accidental disability retirement.

Section 86.077 - Allowance on accidental disability retirement.

Section 86.080 - Reexamination of beneficiaries retired on account of disability.

Section 86.083 - Pension to be reduced, when.

Section 86.087 - Retirement allowance to cease, when.

Section 86.090 - Ordinary death benefit.

Section 86.093 - Accidental death benefit.

Section 86.097 - Return of accumulated contributions.

Section 86.100 - Optional allowances.

Section 86.103 - Pensions offset by compensation benefits.

Section 86.107 - Trustees to manage funds.

Section 86.110 - Interest on funds.

Section 86.113 - Treasurer of city to be custodian of funds — vouchers.

Section 86.117 - Ten percent of fund may be in available cash — how kept.

Section 86.120 - Trustees and employees not to be interested personally in investments.

Section 86.123 - Method of financing.

Section 86.127 - Annuity savings fund.

Section 86.130 - Rates of contribution.

Section 86.133 - Proportionate amount to be deducted from each payroll.

Section 86.137 - Factors in determining deductions.

Section 86.140 - Members deemed to consent to deductions — payable into annuity savings fund.

Section 86.143 - Additional contributions.

Section 86.147 - Annuity reserve fund.

Section 86.150 - Pension accumulation fund.

Section 86.153 - Contributions to and payments from such fund.

Section 86.157 - Actuary to determine normal contribution rate.

Section 86.160 - Accrued liability contribution rate.

Section 86.163 - Amount payable to pension accumulation fund.

Section 86.167 - Accrued liability contribution discontinued, when.

Section 86.170 - Pensions and benefits payable from pension accumulation fund — exceptions.

Section 86.173 - Sum transferred to reserve fund, when.

Section 86.177 - Pension reserve fund.

Section 86.180 - Expense fund.

Section 86.183 - Contributions by city.

Section 86.187 - Guaranty.

Section 86.190 - Exemption from tax and execution.

Section 86.193 - Correction of errors in benefits, adjustments.

Section 86.200 - Definitions.

Section 86.203 - Establishment of system — name — effective date.

Section 86.207 - Members of system — transfer of creditable service permitted, when — reserve officer not a member.

Section 86.210 - Service creditable.

Section 86.213 - Board of trustees to administer — members of board, selection — terms.

Section 86.217 - Vacancy on board, how filled — trustees to receive expenses.

Section 86.220 - Oath of trustees.

Section 86.223 - Quorum, number of trustees constituting — majority vote required, when.

Section 86.227 - Jurisdiction of board — decisions subject to judicial review.

Section 86.230 - Officers, selection — actuaries and employees, appointment, compensation.

Section 86.233 - Records of board — annual report.

Section 86.237 - Legal adviser — medical board — duties.

Section 86.240 - Actuary, duties.

Section 86.243 - Regular actuarial surveys — adoption of mortality tables — certification of contribution rates.

Section 86.247 - Annual valuation of assets and liabilities.

Section 86.248 - Assets of fund retained for benefit of members.

Section 86.250 - Members may retire when — application to board to be made when — compulsory retirement.

Section 86.251 - Deferred retirement option plan — election — deposit of retirement allowance in DROP account — termination of participation, when — forms of payment — effect of participation — death of member, payment of funds — accidental disabilit...

Section 86.252 - Distribution of interest of member, when — distribution periods before January 1, 2003 — distributions on and after January 1, 2003.

Section 86.253 - Service retirement allowance, how calculated — military service credit — contributions refund, when — retiree, surviving spouses, special consultants, when, benefits reduced, when.

Section 86.254 - Special advisors, qualifications, duties, compensation — effective, when — surviving spouses as advisors, when, compensation.

Section 86.255 - Eligible rollover distribution payable, election to pay directly to plan — definitions — written explanation required by board, when — distribution made, when — prohibition on eligible rollover distributions to certain members, excep...

Section 86.256 - Annual benefit not to exceed certain amount — annual additions not to exceed certain amount — incorporation by reference of Internal Revenue Code.

Section 86.257 - Disability retirement allowance granted, when — periodic medical examinations required, when — cessation of disability benefit, when.

Section 86.260 - Disability allowance, how calculated — members as special consultants, when — benefits for children.

Section 86.263 - Service-connected accidental disability retirement for active service members, requirements — periodic examinations required, when — cessation of benefits, when.

Section 86.267 - Service-connected disability retirement allowance calculated, how — appointment as special consultant, amount to be paid, duties.

Section 86.270 - Investigation and examination of applicants for disability benefits.

Section 86.277 - Disability allowance ceases on return to service — status as member.

Section 86.280 - Death benefit — dependents' allowances.

Section 86.283 - Death benefits of retired member — dependents' allowances — cost-of-living adjustment.

Section 86.287 - Accidental death benefit — dependents' allowances.

Section 86.288 - Contributions paid to surviving spouses, when.

Section 86.290 - Accumulated contributions refunded, when.

Section 86.292 - Accumulated contributions to remain system assets, when.

Section 86.293 - Disposition of difference between benefits paid and accumulated contributions.

Section 86.294 - Contributions to be accepted after January 1, 2002, limitations.

Section 86.295 - Death while performing qualified military service, benefit distribution, to whom.

Section 86.296 - Trustee to trustee transfers to be accepted after January 1, 2002.

Section 86.297 - Workers' compensation or other benefits offset against allowances.

Section 86.300 - Trustees to manage funds.

Section 86.303 - Interest on members' accounts.

Section 86.307 - Treasurer, custodian of assets — payments from, made how.

Section 86.310 - Ten percent may be kept in cash — maximum per depository.

Section 86.313 - Trustees and employees not to have direct interest in investments.

Section 86.320 - Contributions, rate of — deduction from compensation.

Section 86.330 - Normal rate of contribution, how determined.

Section 86.333 - Accrued liability contribution rate defined — calculated, when.

Section 86.337 - Amount payable to general reserve fund — city's contribution.

Section 86.340 - Accrued liability contribution discontinued, when.

Section 86.343 - Annual expenses — city, board each provide one-half — board, duties.

Section 86.344 - Certification of amounts due and payable, when, to whom — city, to appropriate funds, when.

Section 86.350 - City obligated to pay cost of benefits and one-half of expenses.

Section 86.353 - Benefits exempt from taxes and execution — not assignable, exception, child support or maintenance.

Section 86.354 - Benefit vested and nonforfeitable, when — forfeitures, use of.

Section 86.357 - Fraud in obtaining benefits, a misdemeanor — adjustment of errors.

Section 86.359 - Retroactive payments to be lump sum with interest, rate.

Section 86.360 - Consolidation of retirement system created by sections 86.010 to 86.193 with system created by this law.

Section 86.363 - Board of trustees created by sections 86.013 and 86.023 dissolved and functions transferred, when.

Section 86.364 - Certain sections to terminate, when.

Section 86.366 - Retired members made special advisors, when — compensation — applicants, processing.

Section 86.500 - Police may form relief associations.

Section 86.503 - Fund, how created.

Section 86.510 - Definitions.

Section 86.511 - Pensions to be paid monthly.

Section 86.513 - First class cities may provide pension fund for police department.

Section 86.517 - Board of trustees of policemen's pension fund.

Section 86.520 - Board to have exclusive control and management of funds.

Section 86.523 - Refund of contributions, when — exceptions.

Section 86.527 - Board's decision on applications for relief or pension to be final.

Section 86.530 - Rewards, fees, gifts, shall be paid into pension fund.

Section 86.533 - Trustees may invest funds in certain bonds.

Section 86.537 - Trustees shall pay disabled members from pension fund, when.

Section 86.540 - Retirement, when, amount — surviving spouse, children under eighteen eligible, when.

Section 86.543 - Pension shall be paid after twenty years of service in certain cases.

Section 86.547 - Widow eligible for payments, when.

Section 86.549 - Special consultants, eligibility, compensation for.

Section 86.550 - Persons ineligible for membership.

Section 86.553 - Payments prorated if money insufficient for full payment.

Section 86.557 - Funeral expenses, when, amount.

Section 86.560 - Payments from pension fund by warrants only.

Section 86.563 - Payments from fund not to be diverted.

Section 86.567 - Pensioners may be recalled to duty in an emergency.

Section 86.570 - Pension may be terminated, when.

Section 86.573 - Books and accounts subject to inspection.

Section 86.577 - Annual report of pension fund.

Section 86.580 - All cities — police and firemen, service in Armed Forces to be credited in determining pension rights.

Section 86.583 - Municipalities in first class counties and certain cities may provide pensions — approval by voters.

Section 86.584 - Contributing members of retirement system to be represented on board of trustees.

Section 86.590 - Board of trustees authorized to invest funds, how.

Section 86.810 - Hancock provision to void sections.

Section 86.900 - Definitions.

Section 86.910 - Police retirement system created — election to continue system after decline in population.

Section 86.920 - Retirement board established, responsibility for operation of retirement system.

Section 86.930 - Membership of the board — election procedures — vacancies — oath.

Section 86.940 - Voting rights of board members.

Section 86.950 - Board to establish policies — officers and employees.

Section 86.951 - Board deemed a state agency — rulemaking authority.

Section 86.960 - Data and records — annual report — actuarial study — appointment of a medical board — common seal.

Section 86.970 - Compensation of board members.

Section 86.980 - Board members in active police service, leave to attend educational seminars.

Section 86.990 - Board to certify amount to be paid by city, when.

Section 86.1000 - Contributions to pension fund by city — board to certify to board of police commissioners amount required.

Section 86.1010 - Members' retirement contributions, amount, how determined.

Section 86.1020 - Board to act as trustee of certain funds — powers of the board.

Section 86.1030 - Benefits and administrative expenses to be paid by retirement system funds — commencement of base pension — death of a member, effect of.

Section 86.1040 - Retirement benefits not subject to execution, garnishment, or attachment — tax-exempt status of funds.

Section 86.1050 - Criminal liability not limited by retirement system laws — correction of errors.

Section 86.1060 - Board may sue and be sued — service of process, procedure.

Section 86.1070 - Findings of the board — review.

Section 86.1080 - Purchase of insurance policies permitted — indemnification — expenses of court proceedings may be paid, when.

Section 86.1090 - Membership of persons entering or reentering the force after effective date of retirement system.

Section 86.1100 - Creditable service, board to fix and determine by rule.

Section 86.1110 - Military leave of absence, effect of — service credit for military service, when.

Section 86.1120 - Termination of members after five or more years of service, credit towards retirement.

Section 86.1130 - Membership, terminated when.

Section 86.1140 - Leave of absence not to act as termination of membership — creditable service permitted, when.

Section 86.1150 - Retirement age — base pension amount.

Section 86.1151 - Tier II members, retire when — benefits, how computed.

Section 86.1160 - Termination of membership prior to death or retirement, effect of.

Section 86.1170 - Pension benefit after twenty-five years of service or injury in line of duty, when — retirees appointed as consultants to board, when.

Section 86.1180 - Permanent disability caused by performance of duty, retirement by board of police commissioners permitted — base pension amount — certification of disability.

Section 86.1190 - Workers' compensation benefit payments, offset against retirement benefits, exceptions — member's percentage defined.

Section 86.1200 - Permanent disability not caused by performance of duty, ten years of creditable service, retirement permitted — base pension amount — certification of disability.

Section 86.1210 - Partial lump sum option plan distribution authorized.

Section 86.1220 - Cost-of-living adjustments in addition to base pension.

Section 86.1230 - Supplemental retirement benefits, Tier I members, amount — member to be special consultant, compensation.

Section 86.1231 - Supplemental retirement benefits, Tier II members, amount — member to be a special consultant, compensation.

Section 86.1240 - Pensions of spouses of deceased members — surviving spouse to be appointed as consultant to board, when.

Section 86.1250 - Pensions of children of deceased members.

Section 86.1260 - Pensions of spouse and children of member who died in performance of duty.

Section 86.1270 - Retirement plan deemed qualified plan under federal law — board to administer plan as a qualified plan — vesting of benefits — distributions.

Section 86.1280 - Early retirement incentives, effect of.

Section 86.1310 - Definitions.

Section 86.1320 - System established — continuation of system after population increase, when — name of system.

Section 86.1330 - Retirement board established, members, duties — funds received, duties — oath of board members required.

Section 86.1350 - Voting by board, votes necessary to pass a motion.

Section 86.1360 - Administration of assets and transaction of business, board to set policies — rulemaking authority — officers to be elected, employment of staff.

Section 86.1370 - Data to be maintained by board — annual statement required — actuarial study and calculation required — medical board to be appointed — seal to be adopted.

Section 86.1380 - Certification by the board to the city for amount to be paid to the retirement system.

Section 86.1390 - Contributions to retirement system by cities, amount.

Section 86.1400 - Employee contributions to be deducted from compensation — payment by board of police commissioners.

Section 86.1410 - Board to be trustee of funds — powers and duties.

Section 86.1420 - Benefits and administrative expenses to be paid by system funds — commencement of base pension, when — death of member, effect of.

Section 86.1430 - Retirement benefits not subject to execution, garnishment, or attachment — exceptions — funds exempt from taxation.

Section 86.1440 - Criminal liability not limited by statutory provisions — correction of benefit errors by the board.

Section 86.1450 - Board may sue and be sued — service of process, procedure.

Section 86.1460 - Findings of board final and conclusive — judicial review.

Section 86.1470 - Board may purchase liability insurance — indemnification, when.

Section 86.1480 - Who shall be members.

Section 86.1490 - Creditable service, determination of — inclusions and exclusions.

Section 86.1500 - Military service, effect on creditable service — election to purchase creditable service, when — service credit for military service, when.

Section 86.1510 - Members entitled to prior creditable service, when.

Section 86.1520 - Duration of membership.

Section 86.1530 - Normal retirement dates.

Section 86.1540 - Normal pension, amount — early retirement option, when — election for optional benefit for spouse — pension after five years of creditable service — felony conviction, effect of.

Section 86.1550 - Termination of employment prior to five years of creditable service, lump-sum payment.

Section 86.1560 - Disability retirement pension, amount — definitions — board to determine disability, proof may be required.

Section 86.1570 - Offset to workers' compensation payments — member's percentage defined.

Section 86.1580 - Optional distribution under partial lump-sum option plan, when — death before retirement, effect of.

Section 86.1590 - Cost-of-living adjustments — base pension defined.

Section 86.1600 - Supplemental retirement benefit, amount, cost-of-living adjustments — special consultant, compensation — cost-of-living adjustments, rulemaking authority — member defined.

Section 86.1610 - Death of member in service, benefit to be received — death of member after retirement, benefit to be received — surviving spouse benefits.

Section 86.1620 - Funeral benefits, amount.

Section 86.1630 - Tax-exempt status of plan to be maintained — assets of system to be held in trust — member benefits vested, when — distribution of benefits.

Section 86.1640 - Incentives for early retirement, board to administer and pay.