reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.103 - Pensions offset by compensation benefits.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.103. Pensions offset by compensation benefits. —
Any amounts which may be paid or payable by the said cities under the provisions of any workers' compensation or similar law to a member or to the dependents of a member on account of any disability or death shall be offset against and payable in lieu of any benefits payable out of funds provided by the said cities under the provisions of sections 86.010 to 86.193 on account of the same disability or death. In case the present value of the total commuted benefits under said workers' compensation or similar law is less than the pension reserve on the benefits otherwise payable from funds provided by the said cities under sections 86.010 to 86.193, then the present value of the commuted payments shall be deducted from the pension reserve and such benefits as may be provided by the pension reserve so reduced shall be payable under the provisions of sections 86.010 to 86.193.
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(RSMo 1939 § 9469)
Prior revision: 1929 § 8911
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.107 - Trustees to manage funds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2009
86.107. Trustees to manage funds. —
The board of trustees shall be the trustees of the several funds created by sections 86.010 to 86.193 as provided in section 86.123 and shall have full power to invest and reinvest such funds and shall have full power to hold, purchase, sell, assign, transfer or dispose of any of the securities and investments in which any of the funds created herein shall have been invested, as well as of the proceeds of said investments and any moneys belonging to said funds. The board shall invest the funds of the system as permitted by sections 105.687 to 105.690.
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(RSMo 1939 § 9470, A.L. 2009 H.B. 593 merged with S.B. 161)
Prior revision: 1929 § 8912
CROSS REFERENCE:
Multinational banks, securities and obligations of, investment in, when, 409.950
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.110 - Interest on funds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.110. Interest on funds. —
The board of trustees annually shall allow regular interest on the mean amount for the preceding year in each of the funds with the exception of the expense fund. The amount so allowed shall be due and payable to said funds and shall be annually credited thereto by the board of trustees from interest and other earnings on the moneys and other assets of the retirement system. Any additional amount required to meet the interest on the funds of the retirement system shall be paid by the said cities and any excess of earnings over such amount required shall be deductible from the amount to be contributed by the said cities.
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(RSMo 1939 § 9470)
Prior revision: 1929 § 8912
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.113 - Treasurer of city to be custodian of funds — vouchers.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.113. Treasurer of city to be custodian of funds — vouchers. —
The treasurer of the said cities shall be the custodian of the several funds. All payments from said funds shall be made by him only upon vouchers signed by two persons designated by the board of trustees. A duly attested copy of the resolution of the board of trustees designating such persons and bearing on its face specimen signatures of such persons shall be filed with the treasurer as his authority for making payments upon such vouchers. No voucher shall be drawn unless it shall previously have been allowed by resolution of the board of trustees.
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(RSMo 1939 § 9470)
Prior revision: 1929 § 8912
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.117 - Ten percent of fund may be in available cash — how kept.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.117. Ten percent of fund may be in available cash — how kept. —
For the purpose of meeting disbursements for pensions, annuities, and other payments, there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on deposit in one or more banks or trust companies in said cities, organized under the laws of the state of Missouri, or of the United States; provided, that the amount on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of such bank or trust company.
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(RSMo 1939 § 9470)
Prior revision: 1929 § 8912
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.120 - Trustees and employees not to be interested personally in investments.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.120. Trustees and employees not to be interested personally in investments. —
Except as herein provided, no trustee and no employee of the board shall have any direct interest in the gains or profits of any investment made by the board of trustees, nor as such receive any pay or emolument for his services. No trustee or employee of the board of trustees shall directly or indirectly for himself or as an agent in any manner use the assets of the retirement system except to make such current and necessary payments as are authorized by the board of trustees, nor shall any trustee or employee of the board become an endorser or surety or become in any manner an obligor for moneys loaned by or borrowed from the board of trustees.
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(RSMo 1939 § 9470)
Prior revision: 1929 § 8912
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.123 - Method of financing.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.123. Method of financing. —
All the assets of the retirement system shall be credited according to the purpose for which they are held to one of five funds; namely, the annuity savings fund, the annuity reserve fund, the pension accumulation fund, the pension reserve fund and the expense fund.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.127 - Annuity savings fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.127. Annuity savings fund. —
The annuity savings fund shall be the fund in which shall be accumulated contributions from the compensation of the members to provide for their annuities. Upon the basis of such tables as the board of trustees shall adopt, and regular interest, the actuary of the retirement system shall determine for each member the proportion of compensation which when deducted from each payment of his prospective annual earnable compensation prior to his attainment of age sixty and accumulated at regular interest until his attainment of such age shall be computed to provide at that time an annuity equal to the pension to which he will be entitled at that age on account of his membership service. Such proportion of compensation shall be computed to remain constant.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.130 - Rates of contribution.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.130. Rates of contribution. —
Subject to the provisions of sections 86.010 to 86.193 as to the certification of rates of contribution payable by members until the first valuation, the rates of contribution payable by members according to their ages at becoming members shall be as follows:
Age at becoming a contributor.
Rate.
Age at becoming a contributor.
Rate.
20
3.53%
40
4.52%
21
3.56%
41
4.59%
22
3.60%
42
4.66%
23
3.64%
43
4.73%
24
3.68%
44
4.80%
25
3.72%
45
4.88%
26
3.76%
46
4.96%
27
3.80%
47
5.04%
28
3.85%
48
5.12%
29
3.90%
49
5.20%
30
3.95%
50
5.27%
31
4.00%
51
5.34%
32
4.05%
52
5.42%
33
4.10%
53
5.50%
34
4.15%
54
5.60%
35
4.21%
55
5.70%
36
4.27%
56
5.80%
37
4.33%
57
5.90%
38
4.39%
58
5.99%
39
4.45%
59
6.08%
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.133 - Proportionate amount to be deducted from each payroll.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.133. Proportionate amount to be deducted from each payroll. —
The proportion so computed for a person age fifty-nine shall be applied to a member who attains a greater age before he becomes a member. The board of trustees shall certify to the board of police commissioners and the board of police commissioners shall cause to be deducted from the salary of each member on each and every payroll for each and every pay period, the proportion of the compensation of each member so computed. But the board of police commissioners shall not have any deduction made for annuity purposes from the compensation of a member who elects not to contribute if he has attained age sixty, nor shall any member be required to increase his rate of contribution as a result of any valuation or revision of members' contribution rates.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.137 - Factors in determining deductions.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.137. Factors in determining deductions. —
In determining the amount earnable by a member in any payroll period, the board of trustees may consider the rate of annual compensation payable to such member on the first day of the payroll period as continuing throughout such payroll period and it may omit deduction from compensation for any period less than a full payroll period if the policeman was not a member on the first day of the payroll period and to facilitate the making of the deductions, it may modify the deduction required of any member by such amount as shall not exceed one-tenth of one percent of the compensation upon the basis of which such deduction was made.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.140 - Members deemed to consent to deductions — payable into annuity savings fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.140. Members deemed to consent to deductions — payable into annuity savings fund. —
The deductions provided for herein shall be made notwithstanding that the minimum compensation provided by law for any member shall be reduced thereby. Every member shall be deemed to consent to the deductions made and provided for herein, and shall receipt for his full salary or compensation and payment of salary or compensation less said deduction shall be a full and complete discharge and acquittance of all claims and demands whatsoever for services rendered during the period covered by the payment except as to benefits provided by sections 86.010 to 86.193. The board of police commissioners shall certify to the board of trustees on each and every payroll or in such other manner as the board of trustees shall prescribe the amount deducted, and such amounts shall be paid into said annuity savings fund and shall be credited together with regular interest thereon to the individual account of the member from whose compensation said deduction was made.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.143 - Additional contributions.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.143. Additional contributions. —
In addition to the contributions deducted from compensation as herein provided, any member may redeposit in the annuity savings fund by a single payment or by an increased rate of contribution an amount equal to the total amount he previously withdrew therefrom as provided in sections 86.010 to 86.193 or any part thereof or any member may deposit therein by a single payment or by an increased rate of contribution an amount computed to be sufficient to purchase an additional annuity which together with his prospective retirement allowance shall provide for him a total retirement allowance of not to exceed one-half of his average final compensation at age sixty. Such additional amounts so contributed shall become a part of his accumulated contributions except in the case of ordinary disability retirement when they shall be treated as excess contributions returnable to the member in cash or as an annuity of equivalent actuarial value. The accumulated contributions of a member withdrawn by him or paid to his estate or designated beneficiary in event of his death shall be paid from the annuity savings fund. Upon the retirement of a member his accumulated contributions shall be transferred from the annuity savings fund to the annuity reserve fund.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.147 - Annuity reserve fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.147. Annuity reserve fund. —
The annuity reserve fund shall be the fund from which shall be paid all annuities and all benefits in lieu of annuities payable as provided in sections 86.010 to 86.193. Should a beneficiary retired on account of disability be restored to active service and again become a member of the retirement system, his annuity reserve shall be transferred from the annuity reserve fund to the annuity savings fund and credited to his individual account therein.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.150 - Pension accumulation fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.150. Pension accumulation fund. —
The pension accumulation fund shall be the fund in which shall be accumulated all reserves for the payment of all pensions and other benefits payable from contributions made by the said cities and from which shall be paid all pensions and other benefits on account of members with prior service credit and the lump sum death benefits for all members payable from the said contributions.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.153 - Contributions to and payments from such fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.153. Contributions to and payments from such fund. —
Contributions to and payments from the pension accumulation fund shall be as follows: On account of each member there shall be paid annually into the pension accumulation fund by the said cities an amount equal to a certain percentage of the earnable compensation of the member to be known as "the normal contribution" and an additional amount equal to a percentage of his earnable compensation to be known as "the accrued liability contribution". The rates percent of such contributions shall be fixed on the basis of the liabilities of the retirement system as shown by actuarial valuations. Until the first valuation the normal contribution shall be five and thirty-one one-hundredths percent and the accrued liability contribution four and forty-nine one-hundredths percent of the earnable compensation of all members.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.157 - Actuary to determine normal contribution rate.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.157. Actuary to determine normal contribution rate. —
On the basis of regular interest and of such mortality and other tables as shall be adopted by the board of trustees, the actuary engaged by the board to make each valuation required by sections 86.010 to 86.193 during the period over which the accrued liability contribution is payable, immediately after making such valuation, shall determine the uniform and constant percentage of the earnable compensation of the average new entrant, which, if contributed throughout his entire period of active service, would be sufficient to provide for the payment of any death benefit or pension payable on his account. The rate percent so determined shall be known as "the normal contribution rate". After the accrued liability contribution has ceased to be payable the normal contribution rate shall be the rate percent of the earnable compensation of all members obtained by deducting from the total liabilities of the fund the amount of the funds in hand to the credit of the fund and dividing the remainder by one percent of the present value of the prospective future compensation of all members as computed on the basis of mortality and service tables adopted by the board of trustees and regular interest. The normal rate of contribution shall be determined by the actuary after each valuation.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.160 - Accrued liability contribution rate.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.160. Accrued liability contribution rate. —
Immediately succeeding the first valuation the actuary engaged by the board of trustees shall compute the rate percent of the total earnable compensation of all members which is equivalent to four percent of the amount of the total pension and death benefit liability on account of all members and beneficiaries which is not dischargeable by the aforesaid normal contribution made on account of such members during the remainder of their active service. The rate percent originally so determined shall be known as "the accrued liability contribution rate".
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.163 - Amount payable to pension accumulation fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1951
86.163. Amount payable to pension accumulation fund. —
The total amount payable in each year to the pension accumulation fund shall be not less than the sum of the rates percent known as the normal contribution rate and the accrued liability contribution rate of the total compensation earnable by all members during the year; provided, however, that the aggregate payment by the said cities shall be sufficient when combined with the amount in the fund to provide the pensions and other benefits payable out of the fund during the then current year.
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(RSMo 1939 § 9471, A.L. 1951 p. 354)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.167 - Accrued liability contribution discontinued, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.167. Accrued liability contribution discontinued, when. —
The accrued liability contribution should be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value as actuarially computed and approved by the board of trustees, of the total liability of said fund, less the present value computed on the basis of the normal contribution rate then in force of the prospective normal contributions to be received on account of persons who are at that time members.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.170 - Pensions and benefits payable from pension accumulation fund — exceptions.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.170. Pensions and benefits payable from pension accumulation fund — exceptions. —
All pensions, and benefits in lieu thereof with the exception of those payable to or on account of members who received no prior service allowance and all lump sum death benefits on account of death in active service payable from contributions of the said cities, shall be paid from the pension accumulation fund.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.173 - Sum transferred to reserve fund, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.173. Sum transferred to reserve fund, when. —
Upon the retirement or death of a member not entitled to prior service credit an amount equal to the pension reserve on any pension payable to him or on account of his death shall be transferred from the pension accumulation fund to the pension reserve fund.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.177 - Pension reserve fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.177. Pension reserve fund. —
The pension reserve fund shall be the fund in which shall be held the reserves on all pensions granted to members not entitled to prior service credit or to their beneficiaries and from which such pensions and benefits in lieu thereof shall be paid. Should a beneficiary retired on account of disability be restored to active service and again become a member of the retirement system his pension reserve shall be transferred from the pension reserve fund to the pension accumulation fund. Should the pension of a disability beneficiary be reduced as a result of an increase in his earning capacity, the amount of the annual reduction in his pension shall be paid annually into the pension accumulation fund during the period of such reduction.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.180 - Expense fund.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.180. Expense fund. —
The expense fund shall be the fund to which shall be credited all money provided by the said cities to pay the administration expenses of the retirement system and from which shall be paid all the expenses necessary in connection with the administration and operation of the system. Annually the board of trustees shall estimate the amount of money necessary to be paid into the expense fund during the ensuing year to provide for the expense of operation of the retirement system.
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(RSMo 1939 § 9471)
Prior revision: 1929 § 8913
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.183 - Contributions by city.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.183. Contributions by city. —
1. On or before the first of March of each year the board of trustees shall certify to the board of police commissioners the amounts which will become due and payable during the year next following to the pension accumulation fund and the expense fund. The amounts so certified shall be included by the board of police commissioners in their annual budget estimate. The amounts so certified shall be appropriated by the said cities and transferred to the retirement system for the ensuing year.
2. To cover the requirements of the retirement system for the period prior to the date when the first regular appropriation is due as provided by subsection 1, such amounts as shall be necessary to cover the needs of the retirement system shall be paid into the pension accumulation fund and expense fund by special appropriations to the retirement system.
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(RSMo 1939 § 9472)
Prior revision: 1929 § 8914
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.187 - Guaranty.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.187. Guaranty. —
Regular interest charges payable, the creation and maintenance of reserves in the pension accumulation fund and the maintenance of annuity reserves and pension reserves as provided for and the payment of all pensions, annuities, retirement allowances, refunds and other benefits granted under the provisions of sections 86.010 to 86.193 and all expenses in connection with the administration and operation of the retirement system are hereby made obligations of the said cities. All income, interest and dividends derived from deposits and investments authorized by sections 86.010 to 86.193 shall be used for the payment of the said obligations of the said cities. Any amounts derived therefrom, which, when combined with regular appropriations made under the provisions of sections 86.010 to 86.193, exceed the amount required to provide such obligations, shall be used to reduce the regular appropriations otherwise required.
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(RSMo 1939 § 9474)
Prior revision: 1929 § 8916
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.190 - Exemption from tax and execution.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1939
86.190. Exemption from tax and execution. —
The right of any person to a pension, annuity or retirement allowance, to the return of contributions, the pension, annuity or retirement allowance itself, any optional benefit or death benefit, any other right accrued or accruing to any person under the provisions of sections 86.010 to 86.193 and the moneys in the various funds created under sections 86.010 to 86.193 are hereby exempt from any tax of the state of Missouri and shall not be subject to execution, garnishment, attachment or any other process whatsoever and shall be unassignable except as in sections 86.010 to 86.193 specifically provided.
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(RSMo 1939 § 9475)
Prior revision: 1929 § 8917
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.193 - Correction of errors in benefits, adjustments.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1955
86.193. Correction of errors in benefits, adjustments. —
Should any change or error in records result in any member or beneficiary receiving from the retirement system more or less than he would have been entitled to receive had the records been correct, the board of trustees shall correct such error and, as far as practicable, shall adjust the payments in such a manner that the actuarial equivalent of the benefit to which such member or beneficiary was correctly entitled shall be paid.
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(RSMo 1939 § 9476, A.L. 1955 p. 275)
Prior revision: 1929 § 8918
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.203 - Establishment of system — name — effective date.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.203. Establishment of system — name — effective date. —
In any city not within a county, there is hereby created and established retirement systems as alternative systems to those which have been established under the provisions of sections 86.010 to 86.193. Each such system shall be under the management of a board of trustees hereinafter described and shall be known as "The Police Retirement System of (name of city)" and by such name all of its business shall be transacted, all of its funds invested and all of its cash and securities and other property held. The retirement systems so created shall begin operation as of the first day of October, 1957.
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(L. 1957 p. 256 § 2, A.L. 1983 H.B. 664, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.210 - Service creditable.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.210. Service creditable. —
1. Under such rules and regulations as the board of trustees shall adopt, each member who was a policeman on and prior to the date the retirement system becomes operative and who becomes a member within one year from such date and each member who was a policeman prior to reentering the service of the city as a policeman, shall file a detailed statement of all service as a policeman rendered by the member prior to the date the retirement system becomes operative or prior to the date of last becoming a member, for which the member claims credit. If such member has withdrawn the member's accumulated contributions prior to reentering said service, then the member shall repay all such accumulated contributions plus the applicable members' interest thereon from the date of withdrawal to the date of repayment in order to receive credit for such prior service.
2. The board of trustees shall fix and determine by proper rules and regulations how much service in any year is equivalent to one year of service, but in no case shall more than one year of service be creditable for all service in one calendar year, nor shall the board of trustees allow credit as service for any period of more than one month's duration during which the member was absent without pay.
3. Subject to the above restrictions and to such other rules and regulations as the board of trustees may adopt, the board of trustees shall verify the service claims as soon as practicable after the filing of such statement of service.
4. Upon verification of the statements of service the board of trustees shall issue prior service certificates, certifying to each member the length of prior service with which the member is credited on the basis of such member's statement of service. So long as the holder of such a certificate continues to be a member, a prior service certificate shall be final and conclusive for retirement purposes as to such service; provided, however, that any member may, within one year from the date of issuance or modification of such certificate, request the board of trustees to modify or correct such prior service certificate. When any policeman ceases to be a member, the former member's prior service certificate shall become void. Should the former member again become a member, the former member shall enter the retirement system as a member not entitled to prior service credit except as provided in sections 86.200 to 86.366.
5. Creditable service at retirement on which the retirement allowance of a member shall be based shall consist of the membership service rendered by the member since last becoming a member and also if the member has a prior service certificate which is in full force and effect, the amount of the service certified on such prior service certificate.
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(L. 1957 p. 256 § 4, A.L. 1963 p. 137, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.213 - Board of trustees to administer — members of board, selection — terms.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2015, 5 histories
86.213. Board of trustees to administer — members of board, selection — terms. —
1. The general administration and the responsibility for the proper operation of the retirement system and for making effective the provisions of sections 86.200 to 86.366 are hereby vested in a board of trustees of nine persons. The board shall be constituted as follows:
(1) The comptroller of the city, ex officio. If the comptroller is absent from any meeting of the board of trustees for any cause whatsoever, the comptroller may be represented by either the deputy comptroller or the first assistant comptroller who in such case shall have full power to act as a member of the said board of trustees;
(2) Two members to be appointed by the mayor of the city to serve for a term of two years, except the mayor shall not appoint the police chief of the municipal police force or the city's director of public safety;
(3) Three members to be elected by the members of the retirement system of the city for a term of three years; provided, however, that the term of office of the first three members so elected shall begin immediately upon their election and one such member's term shall expire one year from the date the retirement system becomes operative, another such member's term shall expire two years from the date the retirement system becomes operative and the other such member's term shall expire three years from the date the retirement system becomes operative; provided, further, that such members shall be members of the system and hold office only while members of the system;
(4) Three members who shall be retired members of the retirement system to be elected by the retired members of the retirement system for a term of three years; except that, the term of office of the first two members so elected shall begin immediately upon their election and one such member's term shall expire two years from the date of election and the other such member's term shall expire three years from the date of election.
2. Any member elected chairman of the board of trustees may serve without term limitations.
3. Each commissioned elected trustee shall be granted travel time by the St. Louis metropolitan police department to attend any and all functions that have been authorized by the board of trustees of the police retirement system of St. Louis. Travel time, with compensation, for a trustee shall not exceed thirty days in any board fiscal year.
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(L. 1957 p. 256 § 5, A.L. 1990 H.B. 999, A.L. 1993 S.B. 250, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290, A.L. 2002 H.B. 1455, A.L. 2012 Adopted by Initiative, Proposition A, November 6, 2012, A.L. 2015 H.B. 515)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.217 - Vacancy on board, how filled — trustees to receive expenses.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.217. Vacancy on board, how filled — trustees to receive expenses. —
1. If a vacancy occurs in the office of trustee, the vacancy shall be filled for the unexpired term in the same manner as the office was previously filled.
2. The trustees shall serve without compensation, but they shall be reimbursed for all necessary expenses which they may incur through service on the board.
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(L. 1957 p. 256 § 6, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.220 - Oath of trustees.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.220. Oath of trustees. —
Each trustee shall, within ten days after his appointment or election, take an oath of office before the clerk of circuit court of said cities, that, so far as it devolves upon such trustee, the trustee will diligently and honestly administer the affairs of the said board, and will not knowingly violate or willingly permit to be violated any of the provisions of the law applicable to the retirement system. Such oath shall be subscribed to by the trustee making it and certified by the said clerk of circuit court and filed in the clerk's office.
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(L. 1957 p. 256 § 7, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.223 - Quorum, number of trustees constituting — majority vote required, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2004, 2 histories
86.223. Quorum, number of trustees constituting — majority vote required, when. —
Six trustees shall constitute a quorum for the transaction of business, and any official action of the board shall be based on the majority vote of the trustees present.
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(L. 1957 p. 256 § 8, A.L. 1990 H.B. 999, A.L. 2004 H.B. 1217)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.227 - Jurisdiction of board — decisions subject to judicial review.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.227. Jurisdiction of board — decisions subject to judicial review. —
The board of trustees has exclusive original jurisdiction in all matters relating to or affecting the funds herein provided for, including, in addition to all other matters, all claims for annuities, benefits, refunds of pensions under this law, and its action, decision or determination in any matter is reviewable under chapter 536 only, and any party to the proceedings has a right of appeal from the decision of the reviewing court. Subject to the limitations of sections 86.200 to 86.366, the board of trustees shall, from time to time, establish rules and regulations for the administration of the retirement system created by this law, for the transaction of its business and for the limitation of the time within which claims may be filed.
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(L. 1957 p. 256 § 9, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.230 - Officers, selection — actuaries and employees, appointment, compensation.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1957, 2 histories
86.230. Officers, selection — actuaries and employees, appointment, compensation. —
The board of trustees shall elect from its membership a chairman and shall, by majority vote of its members, appoint a secretary, who may be, but need not be, one of its members. It shall engage such actuarial and other services as shall be required to transact the business of the retirement system. The compensation of all persons engaged by the board of trustees, and all other expenses of the board necessary for the operation of the retirement system, shall be paid at such rates and in such amounts as the board of trustees shall approve.
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(L. 1957 p. 256 § 10)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.233 - Records of board — annual report.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001, 2 histories
86.233. Records of board — annual report. —
1. The board of trustees shall keep in convenient form such data as shall be necessary for actuarial valuation of the retirement system and for checking the experience of the system.
2. The board of trustees shall keep a record of all its proceedings which shall be open to public inspection. It shall publish annually a report showing the fiscal transactions of the retirement system for the preceding fiscal year, the amount of the accumulated cash and securities of the system, and the last balance sheet showing the financial condition of the system by means of an actuarial valuation of the assets and liabilities of the retirement system.
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(L. 1957 p. 256 § 11, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.237 - Legal adviser — medical board — duties.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2015, 4 histories
86.237. Legal adviser — medical board — duties. —
1. The board of trustees is authorized to use the city counselor of the specified cities as a legal advisor to the board of trustees and may also appoint an attorney-at-law or firm of attorneys-at-law to serve as the legal advisor and consultant to the board of trustees and to represent the system and the board of trustees in all legal proceedings.
2. The board of trustees shall designate a medical board which shall arrange for and pass upon all medical examinations required under the provisions of sections 86.200 to 86.366. Such medical board shall investigate all essential statements as to physical or mental conditions made by or on behalf of a member in connection with an application for disability retirement and shall report in writing to the board of trustees its conclusions and recommendations upon all the matters referred to them.
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(L. 1957 p. 256 § 12, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290, A.L. 2009 H.B. 397 & H.B. 947, A.L. 2015 H.B. 515)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.240 - Actuary, duties.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.240. Actuary, duties. —
The actuary shall be the technical adviser of the
*
board of trustees on matters regarding the operation of the retirement system created by sections 86.200 to 86.366 and shall perform such other duties as are required in connection therewith.
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(L. 1957 p. 256 § 13, A.L. 2000 H.B. 1808)
Effective 7-01-00
*Word "the" does not appear in original rolls.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.243 - Regular actuarial surveys — adoption of mortality tables — certification of contribution rates.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.243. Regular actuarial surveys — adoption of mortality tables — certification of contribution rates. —
At least once in each five-year period the actuary shall make an actuarial investigation into the mortality, service and compensation experience of the members and beneficiaries of the retirement system and shall make a valuation of the assets and liabilities of the system and taking into account the results of such investigation and valuation the board of trustees shall:
(1) Adopt for the retirement system such mortality, service and other tables as shall be deemed necessary;
(2) Certify the rates of contribution payable by the said cities.
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(L. 1957 p. 256 § 14, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.247 - Annual valuation of assets and liabilities.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.247. Annual valuation of assets and liabilities. —
On the basis of such tables as the board of trustees shall adopt, the actuary shall make an annual valuation of the assets and liabilities of the system created by sections 86.200 to 86.366.
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(L. 1957 p. 256 § 15, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.248 - Assets of fund retained for benefit of members.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, see footnote
86.248. Assets of fund retained for benefit of members. —
All assets of the retirement system, including investment income, shall be retained for the exclusive benefit of members and their beneficiaries and shall be used to pay benefits or administrative expenses of the system and shall not revert to or inure to the benefit of any other person or entity prior to the termination of the retirement system established pursuant to sections 86.200 to 86.366, and the satisfaction of all benefit liabilities under such retirement system.
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(L. 1995 H.B. 260, et al. § 5, A.L. 2000 H.B. 1808)
Effective 7-01-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.250 - Members may retire when — application to board to be made when — compulsory retirement.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2015, 3 histories
86.250. Members may retire when — application to board to be made when — compulsory retirement. —
Retirement of a member on a service retirement allowance shall be made by the board of trustees as follows:
(1) Any member may terminate employment as a police officer and actually retire after completing twenty or more years of creditable service or attaining the age of fifty-five upon the member's written application to the board of trustees setting forth at what time, but not more than ninety days subsequent to the execution and filing of the application, the member desires to be retired;
(2) Any member in service who has attained the age of sixty-five shall be terminated as a police officer and actually retired forthwith provided that upon request of the chief of police the board of trustees may permit such member to remain in service for periods of not to exceed one year from the date of the last request from the chief of police.
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(L. 1957 p. 256 § 16, A.L. 1969 p. 151, A.L. 1977 H.B. 53, A.L. 1979 H.B. 850, A.L. 1993 S.B. 250, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290, A.L. 2015 H.B. 515)