This fiscal note contains 3 pages. The Missouri State Employees' Retirement System, the Public School Retirement System, and the Office of State Courts Administrator assume the proposal will have no fiscal impact.
Oversight assumes no fiscal impact to any state employee benefit plan.
The Department of Economic Development- Divisions of Finance and Credit Unions noted in response to previous similar legislation that the proposal would have no fiscal impact on their agencies. No direct fiscal impact to small businesses would be expected as a result of this proposal. This bill repeals the provision which automatically revokes a beneficiary designation upon the divorce of the beneficiary and the owner of the property for employee benefit plans. This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.