reglab/housing_qa huggingface dataset:
MO Rev Stat § 105.660 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.660 - Definitions, retirement benefit changes.

Effective - 28 Aug 2014   105.660. Definitions, retirement benefit changes. — The following words and phrases as used in sections 105.660 to 105.685, unless a different meaning is plainly required by the context, shall mean:  (1) "Actuarial valuation", a mathematical process which determines plan financial condition and plan benefit cost;  (2) "Actuary", an actuary:  (a) Who is a member of the American Academy of Actuaries or who is an enrolled actuary under the Employee Retirement Income Security Act of 1974; and  (b) Who is experienced in retirement plan financing;  (3) "Board", the governing board or decision-making body of a plan that is authorized by law to administer the plan;  (4) "Defined benefit plan", a plan providing a definite benefit formula for calculating retirement benefit amounts;  (5) "Defined contribution plan", a plan in which the contributions are made to an individual retirement account for each employee;  (6) "Funded ratio", the ratio of the actuarial value of assets over its actuarial accrued liability;  (7) "Lump sum benefit plan", payment within one taxable year of the entire balance to the participant from a plan;  (8) "Plan", any retirement system established by the state of Missouri or any political subdivision or instrumentality of the state for the purpose of providing plan benefits for elected or appointed public officials or employees of the state of Missouri or any political subdivision or instrumentality of the state;  (9) "Plan benefit", the benefit amount payable from a plan together with any supplemental payments from public funds;  (10) "Substantial proposed change", a proposed change in future plan benefits which would increase or decrease the total contribution percent by at least one-quarter of one percent of active employee payroll, or would increase or decrease a plan benefit by five percent or more, or would materially affect the actuarial soundness of the plan. In testing for such one-quarter of one percent of payroll contribution increase, the proposed change in plan benefits shall be added to all actual changes in plan benefits since the last date that an actuarial valuation was prepared. The closing or freezing of a current defined benefit plan is considered a substantial proposed change only for the purposes of sections 105.665, 105.670, 105.675, and 105.685. ­­-------- (L. 1979 H.B. 130 § 1, A.L. 2007 S.B. 406, A.L. 2014 H.B. 1882)
MO Rev Stat § 105.662 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.662 - Public pension funds not to be commingled — trusteeship.

Effective - 28 Aug 1992   105.662. Public pension funds not to be commingled — trusteeship. — The assets of public pension funds represent the deferred wages and future economic security of plan participants and shall not be commingled with any other funds of the political jurisdiction. All funds of the plan shall be placed in a trusteeship, and adequate reporting and disclosure requirements shall be established. ­­-------- (L. 1992 S.B. 499, et al. § 4)
MO Rev Stat § 105.663 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.663 - Retirement plan may appoint attorney as legal advisor.

Effective - 28 Aug 1995   105.663. Retirement plan may appoint attorney as legal advisor. — Notwithstanding any other provision of law to the contrary, each public retirement plan as defined in section 105.660, through its board of trustees or other responsible administrative body, is authorized to appoint an attorney at law or firm of attorneys at law to be the legal advisor and to represent the plan and the board of trustees or other responsible administrative body in all legal proceedings. ­­-------- (L. 1995 H.B. 416, et al.)
MO Rev Stat § 105.664 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.664 - Actuarial valuation performed at least biennially — forwarded to joint committee on public employee retirement, when.

Effective - 28 Aug 2014   105.664. Actuarial valuation performed at least biennially — forwarded to joint committee on public employee retirement, when. — 1. Each plan shall at least biennially prepare and have available as public information an actuarial valuation performed in compliance with applicable standards and guidelines as set forth by the governmental accounting standards board. Any plan currently performing valuations on a biennial basis making a substantial proposed change in benefits as defined in section 105.660 shall have a new actuarial valuation performed using the same methods and assumptions for the most recent periodic actuarial valuation.  2. An actuarial valuation performed in compliance with applicable governmental accounting standards board pronouncements shall be forwarded to the joint committee on public employee retirement no later than sixty calendar days after completion or adoption of such valuation. ­­-------- (L. 2002 H.B. 1455, A.L. 2014 H.B. 1882)
MO Rev Stat § 105.667 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.667 - Gain or profit from funds or transactions of plan, prohibited when.

Effective - 28 Aug 2007   105.667. Gain or profit from funds or transactions of plan, prohibited when. — 1. Any appointing authority, board member, or employee shall be prohibited from receiving any gain or profit from any funds or transaction of the plan, except benefits from interest in investments common to all members of the plan, if entitled thereto.  2. Any appointing authority, board member, or employee accepting any political contribution, gratuity, or compensation for the purpose of influencing his or her action with respect to the investment of the funds of the system shall thereby forfeit his or her office and in addition thereto be subject to the penalties prescribed for bribery.  3. Any trustee, employee, or participant of a plan who pleads guilty to or is found guilty of a plan-related felony after August 28, 2007, that is determined by a court of law to have been directly committed in connection with the member's duties as either a trustee, employee, or participant of a plan shall not be eligible to receive any retirement benefits from the respective plan. ­­-------- (L. 2007 S.B. 406)
MO Rev Stat § 105.669 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.669 - Felony conviction, ineligible for benefits, when — employer to notify of offenses, when — list of offenses.

Effective - 28 Aug 2017, 2 histories   105.669. Felony conviction, ineligible for benefits, when — employer to notify of offenses, when — list of offenses. — 1. Any participant of a plan who is convicted of a felony offense listed in subsection 3 of this section, which is committed in direct connection with or directly related to the participant's duties as an employee on or after August 28, 2014, shall not be eligible to receive any retirement benefits from the respective plan based on service rendered on or after August 28, 2014, except a participant may still request from the respective retirement system a refund of the participant's plan contributions, including interest credited to the participant's account.  2. The employer of any participant who is charged or convicted of a felony offense listed in subsection 3 of this section, which is committed in direct connection with or directly related to the participant's duties as an employee on or after August 28, 2014, shall notify the appropriate retirement system in which the offender was a participant and provide information in connection with such charge or conviction. The plans shall take all actions necessary to implement the provisions of this section.  3. A felony conviction based on any of the following offenses or a substantially similar offense provided under federal law shall result in the ineligibility of retirement benefits as provided in subsection 1 of this section:  (1) The offense of felony stealing under section 570.030 when such offense involved money, property, or services valued at five thousand dollars or more;  (2) The offense of felony receiving stolen property under section 570.080*, as it existed before January 1, 2017, when such offense involved money, property, or services valued at five thousand dollars or more;  (3) The offense of forgery under section 570.090;  (4) The offense of felony counterfeiting under section 570.103;  (5) The offense of bribery of a public servant under section 576.010; or  (6) The offense of acceding to corruption under section 576.020. ­­-------- (L. 2014 H.B. 1217, A.L. 2017 S.B. 34 merged with S.B. 62) *Section 570.080 was repealed by S.B. 491, 2014, effective 1-01-17.
MO Rev Stat § 105.670 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.670 - Cost statement available for inspection — effect of changes (general assembly).

Effective - 28 Aug 2014   105.670. Cost statement available for inspection — effect of changes (general assembly). — When the general assembly is the legislative body responsible for authorizing a substantial proposed change in plan benefits, a prepared statement regarding the cost of such change shall be made available for its consideration prior to taking final action. Such statement of cost shall be prepared in accordance with section 105.665 and shall be available as public information for at least five legislative days before third reading and passage by either the house of representatives or the senate. The speaker or president pro tem may refer such bill for reconsideration upon receipt of the actuary statement to the committee to which the bill was originally referred. The bill shall retain its place on the calendar as though it had not been recalled. The committee shall report the bill to the house or senate, respectively, within seven calendar days with its recommendations. If any additional substantial proposed change, as defined in subdivision (10) of section 105.660, in cost or benefits is made by either the house of representatives or the senate or committee thereof, the actuary making the original cost statement shall amend the statement to reflect the additional features prior to the proposal being truly agreed to and finally passed. The plan shall make available to the actuary such information as is necessary to prepare such actuarial statement. The statement of cost shall be filed with the chief clerk of the Missouri house of representatives, the secretary of the senate, and with the joint committee on public employee retirement. ­­-------- (L. 1979 H.B. 130 § 3, A.L. 1985 H.B. 695, A.L. 1987 H.B. 713, A.L. 1989 H.B. 674, A.L. 1996 H.B. 1355, A.L. 2014 H.B. 1882)
MO Rev Stat § 105.675 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.675 - Cost statement available for inspection (political subdivisions).

Effective - 28 Aug 1996   105.675. Cost statement available for inspection (political subdivisions). — When a political subdivision or instrumentality of the state is the legislative body responsible for making a substantial proposed change in benefits, a prepared statement regarding the cost of such change shall be prepared in accordance with section 105.665 and shall be made available for its consideration. Such statement of cost shall be available as public information for at least forty-five calendar days before the legislative body can take final action to adopt the substantial proposed change in benefits. The statement of cost required by this section shall be filed in the office of the clerk, secretary or other individual responsible for keeping the official records of the legislative body, and with the joint committee on public employee retirement. ­­-------- (L. 1979 H.B. 130 § 4, A.L. 1985 H.B. 695, A.L. 1996 H.B. 1355)
MO Rev Stat § 105.679 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.679 - Contact information for retired members to be provided, when (St. Louis City).

Effective - 28 Aug 2003   105.679. Contact information for retired members to be provided, when (St. Louis City). — Notwithstanding the provisions of sections 610.010 to 610.035 to the contrary, any retirement plan as defined in section 105.660, located in a city not within a county, providing retirement benefits for general employees shall provide, upon request by any retiree organization, sufficient information enabling such organization to contact retired members. ­­-------- (L. 2001 S.B. 290 § 1, A.L. 2003 H.B. 131)  Transferred 2003; formerly 70.795
MO Rev Stat § 105.680 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.680 - Expenses for cost statements, how paid.

Effective - 28 Aug 1985   105.680. Expenses for cost statements, how paid. — 1. For any proposed change in plan benefits, the expense of having the cost statement prepared shall be assured before the legislative body may take final action to approve a proposed substantial change in plan benefits.  2. The expense of having the cost statement prepared shall be paid by the plan if the substantial proposed change is initiated or approved by the plan's governing board.  3. When the general assembly is the legislative body considering a proposed change in plan benefits, the joint committee on public employee retirement, upon approval by a majority of the statutory number of senators serving on the committee and approval of a majority of the statutory number of representatives serving on the committee, may assume the expense of preparing a cost statement required by sections 105.660 to 105.685 by employing or contracting with an actuary or actuaries who possess the qualifications required by the provisions of sections 105.660 to 105.685 upon such terms as may be agreed upon and within the limits of appropriations made therefor, or may order the plan to provide such statement.  4. If the expense of preparing the cost statement is not assured by reason of subsection 2 or 3 above, the expense shall be paid by the individual, group of individuals, department or agency seeking such proposed change. ­­-------- (L. 1979 H.B. 130 § 5, A.L. 1985 H.B. 695)
MO Rev Stat § 105.683 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.683 - Plan deemed delinquent, when, effect of.

Effective - 28 Aug 2014   105.683. Plan deemed delinquent, when, effect of. — Any plan, other than a plan created under sections 169.010 to 169.141 or sections 169.600 to 169.715, whose actuary determines that the plan has a funded ratio below sixty percent and the political subdivision has failed to make one hundred percent of the actuarially required contribution payment for five successive plan years with a descending funded ratio for five successive plan years, shall be deemed delinquent in the contribution payment and such delinquency in the contribution payment shall constitute a first lien on the funds of the political subdivision, and the board as defined under section 105.660 is authorized to compel payment by application for a writ of mandamus; and in addition, such delinquency in the contribution payment shall be certified by the board to the state treasurer and director of the department of revenue. Until such delinquency in the contribution payment, together with regular interest, is satisfied, the state treasurer and director of the department of revenue shall withhold twenty-five percent of the certified contribution deficiency from the total moneys due the political subdivision from the state. ­­-------- (L. 2007 S.B. 406, A.L. 2014 H.B. 1882)
MO Rev Stat § 105.684 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.684 - Benefit increases prohibited, when — amortization of unfunded actuarial accrued liabilities — accelerated contribution schedule required, when.

Effective - 28 Aug 2014, 2 histories   105.684. Benefit increases prohibited, when — amortization of unfunded actuarial accrued liabilities — accelerated contribution schedule required, when. — 1. Notwithstanding any law to the contrary, no plan shall adopt or implement any additional benefit increase, supplement, enhancement, lump sum benefit payments to participants, or cost-of-living adjustment beyond current plan provisions in effect prior to August 28, 2007, which would, in aggregate with any other proposed plan provisions, increase the plan's actuarial accrued liability when valued by an actuary using the same methods and assumptions as used in the most recent periodic valuation, unless the plan's actuary determines that the funded ratio of the most recent periodic actuarial valuation and prior to such adoption or implementation is at least eighty percent and will not be less than seventy-five percent after such adoption or implementation. Methods and assumptions used in valuing such proposed change may be modified if the nature is such that alternative assumptions are clearly warranted.  2. The unfunded actuarial accrued liabilities associated with benefit changes described in this section shall be amortized over a period not to exceed twenty years for purposes of determining the contributions associated with the adoption or implementation of any such benefit increase, supplement, or enhancement.  3. Any plan with a funded ratio below sixty percent shall have the actuary prepare an accelerated contribution schedule based on a descending amortization period for inclusion in the actuarial valuation.  4. Nothing in this section shall apply to any plan established under chapter 70 or chapter 476.  5. Nothing in this section shall prevent a plan from adopting and implementing any provision necessary to maintain a plan's status as a qualified trust pursuant to 26 U.S.C. Section 401(a). ­­-------- (L. 2007 S.B. 406, A.L. 2013 H.B. 233, A.L. 2014 H.B. 1882)
MO Rev Stat § 105.685 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.685 - Effective date of changes.

Effective - 06 Aug 1979   105.685. Effective date of changes. — A substantial proposed change in plan benefits shall not become effective until such time as the provisions of sections 105.660 to 105.685 are complied with. ­­-------- (L. 1979 H.B. 130 § 6)  Effective 8-06-79
MO Rev Stat § 105.687 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.687 - Definitions.

Effective - 28 Aug 1987   105.687. Definitions. — As used in sections 105.687 to 105.689, the following terms mean:  (1) "Equity interests", limited partnership interests and other interests in which the liability of the investor is limited to the amount of the investment, but does not include general partnership interests or other interests involving general liability of the investor;  (2) "Invest" or "investment", utilization of money in the expectation of future returns in the form of income or capital gain;  (3) "Investment fiduciary", a person who either exercises any discretionary authority or control in the investment of a public employee retirement system's assets or who renders for a fee advice for a public employment retirement system;  (4) "Small business", an independently owned and operated business as defined in Title 15 U.S.C. Section 632A and as described by Title 13 CFR Part 121*;  (5) "Small business investment company", an incorporated body or a limited partnership under Section 301 of Title III of the Small Business Investment Act of 1958, 15 U.S.C. 681;  (6) "System", a public employee retirement system established by the state or any political subdivision of the state;  (7) "Venture capital firm", a corporation, partnership, proprietorship, or other entity, the principal businesses of which is the making of investments in small businesses, either directly or indirectly by investing in entities the principal business of which is the making of investments in small businesses. ­­-------- (L. 1987 S.B. 20 § 1)  *The number "21" appears in original rolls.
MO Rev Stat § 105.688 (2021)
2021 Missouri Revised Statutes|Title VIII - Public Officers and Employees, Bonds and Records|Chapter 105 - Public Officers and Employees — Miscellaneous Provisions|Section 105.688 - Investment fiduciaries, duties.

Effective - 28 Aug 1987   105.688. Investment fiduciaries, duties. — The assets of a system may be invested, reinvested and managed by an investment fiduciary subject to the terms, conditions and limitations provided in sections 105.687 to 105.689. An investment fiduciary shall discharge his or her duties in the interest of the participants in the system and their beneficiaries and shall:  (1) Act with the same care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a similar capacity and familiar with those matters would use in the conduct of a similar enterprise with similar aims;  (2) Act with due regard for the management, reputation, and stability of the issuer and the character of the particular investments being considered;  (3) Make investments for the purposes of providing benefits to participants and participants' beneficiaries, and of defraying reasonable expenses of investing the assets of the system;  (4) Give appropriate consideration to those facts and circumstances that the investment fiduciary knows or should know are relevant to the particular investment or investment course of action involved, including the role of the investment or investment course of action plays in that portion of the system's investments for which the investment fiduciary has responsibility. For purposes of this subdivision, "appropriate consideration" shall include, but is not necessarily limited to a determination by the investment fiduciary that a particular investment or investment course of action is reasonably designed, as part of the investments of the system, to further the purposes of the system, taking into consideration the risk of loss and the opportunity for gain or other return associated with the investment or investment course of action; and consideration of the following factors as they relate to the investment or investment course of action:  (a) The diversification of the investments of the system;  (b) The liquidity and current return of the investments of the system relative to the anticipated cash flow requirements of the system; and  (c) The projected return of the investments of the system relative to the funding objectives of the system;  (5) Give appropriate consideration to investments which would enhance the general welfare of this state and its citizens if those investments offer the safety and rate of return comparable to other investments available to the investment fiduciary at the time the investment decision is made. ­­-------- (L. 1987 S.B. 20 § 2)