Missouri legislation · 2025 Regular Session
Missouri HB406: Modifies provisions relating to retirement benefits for certain teacher retirement systems
Status: In committee, May 15, 2025
What the bill says
From the introduced text:
FIRST REGULAR SESSION HOUSE BILL NO. 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE CLEMENS. 1383H.01I DANARADEMANMILLER,ChiefClerk To repeal sections 169.410, 169.450, and 169.490, RSMo, and to enact in lieu thereof three new sections relating to retirement benefits for certain teacher retirement systems. Section A. Sections 169.410, 169.450, and 169.490, RSMo, are repealed and three new sections enacted in lieu thereof, to be known as sections 169.410, 169.450, and 169.490, to read as follows: 169.410. The following words and phrases as used in sections 169.410 to 169.540, unless a different meaning is plainly required by the context, shall have the following meanings: (1) "Accumulated contributions", the sum of all amounts deducted from the compensation of a member and credited to the member's individual account together with interest allowed on such an account; (2) "Actuarial equivalent", a benefit of equal value when computed upon the basis of interest and such mortality tables as shall be adopted by the board of trustees; (3) "Average final compensation", the highest average annual compensation of the member received for any three consecutive years of credited service of the member's last ten years of credited service or if the member has had less than three years of such credited service, during the member's entire period of credited service; (4) "Beneficiary",anypersonotherthanaretiredmemberreceivingapensionbenefit, optional pension benefit or other benefit; EXPLANATION -- …
Sponsors
- Doug Clemens (D, 072) · primary sponsor
Latest actions
- : Referred: Emerging Issues(H)
- : Read Second Time (H)
- : Read First Time (H)
- : Prefiled (H)
Common questions
- What is HB406?
- HB406 is a bill in the Missouri Legislature (2025 Regular Session): Modifies provisions relating to retirement benefits for certain teacher retirement systems.
- What is the status of HB406?
- In committee as of May 15, 2025. Latest action: Referred: Emerging Issues(H) (May 15, 2025).
- Who sponsored HB406?
- Doug Clemens (D, 072).
- Where is the official record for HB406?
- On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB406&year=2025&code=R
Source: official Missouri record. Tracked by Delilah, AI for legislation across all 50 states and Congress.