reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.254 - Special advisors, qualifications, duties, compensation — effective, when — surviving spouses as advisors, when, compensation.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2023, 2 histories
86.254. Special advisors, qualifications, duties, compensation — effective, when — surviving spouses as advisors, when, compensation. —
1. Beginning July 1, 1994, in addition to any other annuity, benefits, or retirement allowance provided pursuant to sections 86.200 to 86.366, each present and future retired member after attaining the age of sixty years shall, upon application to the board of trustees, be made, constituted, appointed and employed by the board of trustees as an advisor on the problems of retirement, aging and other matters, for the remainder of the retired member's life, and upon request of the board of trustees shall give opinions in writing or orally in response to such requests as may be required.
2. For the performance of duties required in subsection 1 of this section, each retired member employed as an advisor by the board of trustees shall be compensated monthly in an amount of ten dollars per month multiplied by the number of years the retired member is past the age of sixty years. The compensation provided by this subsection shall be adjusted annually. No funding shall be required prior to the effective date of this benefit.
3. Beginning October 1, 1999, in addition to any other benefit provided to any surviving spouse pursuant to sections 86.200 to 86.366, each present and future surviving spouse of a member after attaining the age of sixty years shall upon application to the board of trustees, be made, constituted, appointed and employed by the board of trustees as an advisor on the problems of retirement, aging and other matters for the remainder of the surviving spouse's life, and upon request of the board of trustees shall give opinions in writing or orally in response to such requests as may be required.
4. For the performance of duties required in subsection 3 of this section, each surviving spouse of a member employed as an advisor by the board of trustees shall be compensated monthly in an amount of ten dollars per month multiplied by the number of years the surviving spouse is past the age of sixty years. The compensation provided by this subsection shall be adjusted annually.
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(L. 1990 S.B. 593, A.L. 1999 S.B. 308 & 314, A.L. 2000 H.B. 1808, A.L. 2023 S.B. 20 merged with S.B. 75)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.256 - Annual benefit not to exceed certain amount — annual additions not to exceed certain amount — incorporation by reference of Internal Revenue Code.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2011, 3 histories
86.256. Annual benefit not to exceed certain amount — annual additions not to exceed certain amount — incorporation by reference of Internal Revenue Code. —
1. In no event shall a member's annual benefit paid under the plan established pursuant to sections 86.200 to 86.366 exceed the amount specified in Section 415(b)(1)(A) of the Internal Revenue Code, as adjusted for any applicable increases in the cost of living, as in effect on the last day of the plan year, including any increases after the member's termination of employment.
2. Effective for limitation years beginning after December 31, 2001, in no event shall the annual additions to the plan established pursuant to sections 86.200 to 86.366, on behalf of the member, including the member's own mandatory contributions, exceed the amount specified in Section 415(c) of the Internal Revenue Code of 1986, as amended, as adjusted for any applicable increases in the cost of living under Section 415(d) of the Internal Revenue Code of 1986, as amended, as in effect on the last day of the plan year.
3. For purposes of this section, Section 415 of the Internal Revenue Code, including the special rules under Section 415(b) applicable to governmental plans and qualified participants employed by a police or fire department, is incorporated in this section by reference.
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(L. 1995 H.B. 260, et al. § 4, A.L. 1997 H.B. 331, A.L. 1999 S.B. 308 & 314, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290, A.L. 2002 H.B. 1455, A.L. 2011 H.B. 358)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.267 - Service-connected disability retirement allowance calculated, how — appointment as special consultant, amount to be paid, duties.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001, 2 histories
86.267. Service-connected disability retirement allowance calculated, how — appointment as special consultant, amount to be paid, duties. —
1. Upon termination of employment as a police officer and actual retirement for accidental disability, other than permanent total disability as defined in subsection 2, a member shall receive a retirement allowance of seventy-five percent of the member's average final compensation.
2. Any member who, as the natural and proximate result of an accident occurring at some definite time and place in the actual performance of the member's duty through no negligence on the member's part, is permanently and totally incapacitated from performing any work, occupation or vocation of any kind whatsoever shall receive a retirement allowance as under subsection 1 or, in the discretion of the board of trustees, may receive a larger retirement allowance in an amount not exceeding the member's rate of compensation as a policeman in effect as of the date the allowance begins.
3. The board of trustees, in its discretion, may, in addition to the allowance granted in accordance with the provisions of subsections 1 and 2, grant an allowance in an amount to be determined by the board of trustees, to provide such member with surgical, medical and hospital care reasonably required after retirement, which are the result and in consequence of the accident causing such disability.
4. Any person who is receiving benefits pursuant to subsection 2 of this section on or after August 28, 1997, and any person who is receiving benefits pursuant to subsection 1 of this section on or after October 1, 2001, and who made mandatory contributions to the retirement system, upon application to the board of trustees, shall be made, constituted, appointed and employed by the board of trustees as a special consultant on the problems of retirement, aging and other matters, and upon request of the board of trustees shall give opinions and be available to give opinions in writing or orally, in response to such requests, as may be required. For such services the retired member shall be paid a lump sum payment in an amount equal to the total amount of the member's mandatory contributions to the retirement system, without interest, within sixty days after approval of the retired member's application by the board of trustees.
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(L. 1957 p. 256 § 21, A.L. 1963 p. 137, A.L. 1997 H.B. 331, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.270 - Investigation and examination of applicants for disability benefits.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2015, 3 histories
86.270. Investigation and examination of applicants for disability benefits. —
1. Any determination of whether a member is disabled under the provisions of section 86.257 or 86.263 shall consist of an investigation of the member's physical and mental condition by the medical board of the police retirement system under the provisions of section 86.237 and an investigation by the board of trustees of the police retirement system of any other matter relevant to determine whether the member satisfies the applicable requirements of section 86.257 or 86.263. The board of trustees may authorize the use of staff of the police retirement system and other persons not employed by the police retirement system to assist in its investigation. The board of trustees of the police retirement system and the medical board of the police retirement system and any such physicians appointed by the medical board under the provisions of section 86.237 may communicate with each other as to matters relevant to determine whether the member satisfies the applicable requirements of section 86.257 or 86.263.
2. The board of trustees shall require each member who applies for disability benefits and any disability beneficiary to be reexamined under the provisions of section 86.257 or 86.263 to undergo medical examinations at places designated by the medical board and any physicians appointed by the medical board under the provisions of section 86.237.
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(L. 1957 p. 256 § 22, A.L. 2000 H.B. 1808, 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 86.277 - Disability allowance ceases on return to service — status as member.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.277. Disability allowance ceases on return to service — status as member. —
Should a disabled member be restored to active service, such member's disability allowance shall cease. The disabled member shall again become a member and shall contribute thereafter at the same rate in effect prior to disability. Any prior service certificate on the basis of which the member's service was computed at the time of retirement shall be restored to full force and effect and in addition upon the member's subsequent retirement, the member shall be credited with all service as a member, and if the member's then average final compensation is less than the average final compensation used in determining the member's disability allowance, the latter amount shall be used in determining benefits.
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(L. 1957 p. 256 § 24, 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 86.288 - Contributions paid to surviving spouses, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001
86.288. Contributions paid to surviving spouses, when. —
In addition to any other benefits payable, notwithstanding any provisions of sections 86.280 and 86.287 to the contrary, if a member dies while commissioned as a peace officer, or after retiring and before receiving a refund of the member's mandatory contributions in accordance with section 86.253 or 86.290, or while receiving a disability retirement allowance in accordance with section 86.253 or 86.257, the total amount of the member's mandatory contributions to the retirement system shall be paid without interest to the surviving spouse of such member. Payment pursuant to this section shall be made within sixty days after the later of the date proper proofs of death are provided or August 28, 1994, regardless of when the member died or actually retired, provided that the surviving spouse shall be alive on the date that payment is made.
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(L. 1983 H.B. 664, A.L. 1986 S.B. 443, A.L. 1987 H.B. 384 Revision, A.L. 1994 S.B. 575, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.290 - Accumulated contributions refunded, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001, 2 histories
86.290. Accumulated contributions refunded, when. —
Should a member cease to be a policeman except by death or actual retirement, the member may request payment of the amount of the accumulated contributions standing to the credit of the member's individual account, including members' interest, in which event such amount shall be paid to the member not later than one year after the member ceases to be a policeman. If the former member is reemployed as a policeman before any portion of such former member's accumulated contributions is distributed, no distribution shall be made. If the former member is reemployed as a policeman after a portion of the former member's accumulated contributions is distributed, the amount remaining shall also be distributed.
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(L. 1957 p. 256 § 27, A.L. 1965 p. 201, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.292 - Accumulated contributions to remain system assets, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001
86.292. Accumulated contributions to remain system assets, when. —
If the board of trustees is unable to refund the accumulated contributions of a member or to commence payment of benefits within five years after such refund or benefits are otherwise first due and payable, the accumulated contributions shall remain assets of the retirement system. If proper application is thereafter made for refund or benefits, the board shall make payment, but no credit shall be allowed for any interest after the date the refund or benefits were first due and payable.
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(L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.293 - Disposition of difference between benefits paid and accumulated contributions.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.293. Disposition of difference between benefits paid and accumulated contributions. —
If there are no further benefits otherwise payable under sections 86.200 to 86.366 and the total amount of benefits paid to date is less than an amount equal to the accumulated contributions of the member at death or retirement, whichever occurred first, the difference shall be paid to the beneficiary named to receive such amount or if no such beneficiary is living, to the beneficiary or the estate of the beneficiary last entitled to benefits.
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(L. 1957 p. 256 § 28, 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 86.294 - Contributions to be accepted after January 1, 2002, limitations.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2011, 2 histories
86.294. Contributions to be accepted after January 1, 2002, limitations. —
1. Notwithstanding any other provision of the plan established in sections 86.200 to 86.366, and subject to the provisions of subsections 2 and 3 of this section, effective January 1, 2002, the plan shall accept a member's rollover contribution or direct rollover of an eligible rollover distribution made on or after January 1, 2002, from a qualified plan described in Section 401(a) or 403(a) of the Internal Revenue Code, or an annuity contract described in Section 403(b) of the Internal Revenue Code, or an eligible plan under Section 457(b) of the Internal Revenue Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state, and that would otherwise be includable in gross income. The plan will also accept a member's rollover contribution of the portion of a distribution from an individual retirement account or annuity described in Section 408(a) or (b) of the Internal Revenue Code that is eligible to be rolled over and would otherwise be includable in gross income. The plan will accept a member's direct rollover of an eligible rollover distribution made on or after October 1, 2011, from a qualified plan described in Section 401(a) or 403(a) of the Internal Revenue Code of 1986, as amended, or an annuity contract described in Section 403(b) of the Internal Revenue Code of 1986, as amended, that includes after-tax employee contributions, other than Roth contributions described in Section 402A of the Internal Revenue Code of 1986, as amended, that are not includable in gross income and shall separately account for such after-tax amounts.
2. Except to the extent specifically permitted under procedures established by the board of trustees, the amount of such rollover contribution or direct rollover of an eligible rollover distribution shall not exceed the amount required to repay the member's 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 in accordance with section 86.210, to the extent that Section 415 of the Internal Revenue Code does not apply to such repayment by reason of subsection (k)(3) thereof, or to purchase permissive service credit, as defined in Section 415(n)(3)(A) of the Internal Revenue Code, for the member under the plan in accordance with the provisions of section 105.691.
3. Acceptance of any rollover contribution or direct rollover of an eligible rollover distribution under this section shall be subject to the approval of the board of trustees and shall be made in accordance with procedures established by the board of trustees.
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(L. 2002 H.B. 1455, A.L. 2011 H.B. 358)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.295 - Death while performing qualified military service, benefit distribution, to whom.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2011
86.295. Death while performing qualified military service, benefit distribution, to whom. —
Notwithstanding any provision of sections 86.200 to 86.366 to the contrary, if a member dies on or after January 1, 2007, while performing qualified military service, as defined in Section 414(u)(5) of the Internal Revenue Code of 1986, as amended, the member's surviving spouse and other dependents shall be entitled to any benefits, other than benefit increases relating to the period of qualified military service, and the rights and features associated with those benefits which would have been provided under sections 86.280 and 86.290 if the member had returned to active service as a police officer and died while in active service.
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(L. 2011 H.B. 358)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.296 - Trustee to trustee transfers to be accepted after January 1, 2002.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 11 Jul 2002, see footnote
86.296. Trustee to trustee transfers to be accepted after January 1, 2002. —
1. Notwithstanding any other provision of the plan established in sections 86.200 to 86.366, and subject to the provisions of subsections 2 and 3 of this section, effective January 1, 2002, the plan shall accept a direct trustee-to-trustee transfer on behalf of a member from an annuity contract described in Section 403(b) of the Internal Revenue Code or an eligible plan under Section 457(b) of the Internal Revenue Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision.
2. A trustee-to-trustee transfer may be accepted by the plan only if the transfer is used to repay the member's 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 in accordance with section 86.210, to the extent that Section 415 of the Internal Revenue Code does not apply to such repayment by reason of subsection (k)(3) thereof, or to purchase permissive service credit, as defined in Section 415(n)(3)(A) of the Internal Revenue Code, for the member under the plan in accordance with the provisions of section 105.691.
3. Acceptance of any trustee-to-trustee transfer under this section shall be subject to the approval of the board of trustees and shall be made in accordance with procedures established by the board of trustees.
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(L. 2002 H.B. 1455)
Effective 7-11-02
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.297 - Workers' compensation or other benefits offset against allowances.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.297. Workers' compensation or other benefits offset against allowances. —
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 temporary total disability, permanent total disability or death shall be offset against and payable in lieu of any periodic benefits payable out of the retirement system 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 actuarial equivalent of the benefits otherwise payable from the retirement system, then the present value of the commuted payments shall be deducted from the actuarial equivalent of the benefits and such benefits as may be provided by the retirement system so reduced.
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(L. 1957 p. 256 § 29, A.L. 2000 H.B. 1808)
Effective 7-01-00
(2000) Section is unambiguous and clearly provides for an offset of worker's compensation benefits against retirement system benefits where both are paid on account of the same injury. Sisco v. Board of Trustees of Police Retirement System of St. Louis, 31 S.W.3d 114 (Mo.App.E.D.).
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.300 - Trustees to manage funds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001, 2 histories
86.300. Trustees to manage funds. —
The board of trustees shall be the trustees of the assets of the retirement system created by sections 86.200 to 86.366 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 assets shall have been invested, as well as the proceeds of such investments and any moneys belonging to the retirement system, subject to the terms, conditions and limitations provided in sections 105.687 to 105.689.
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(L. 1957 p. 256 § 30, A.L. 1965 p. 201, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
CROSS REFERENCES:
Bi-state development agency, bonds of, investment in authorized, 70.377
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 86.303 - Interest on members' accounts.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.303. Interest on members' accounts. —
The board of trustees shall annually credit each member's individual account with interest on the largest balance remaining in each account for the entire year and at the members' interest rate determined by the board.
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(L. 1957 p. 256 § 31, 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 86.307 - Treasurer, custodian of assets — payments from, made how.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.307. Treasurer, custodian of assets — payments from, made how. —
The treasurer of the cities shall be the custodian of the assets of the retirement system. The treasurer shall make payments from such assets 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 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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(L. 1957 p. 256 § 32, 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 86.310 - Ten percent may be kept in cash — maximum per depository.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.310. Ten percent may be kept in cash — maximum per depository. —
For the purpose of meeting disbursements for benefits and other payments there may be kept available cash not exceeding ten percent of the total assets 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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(L. 1957 p. 256 § 33, 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 86.313 - Trustees and employees not to have direct interest in investments.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.313. Trustees and employees not to have direct interest 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 receive any pay or emolument for any services rendered as a trustee or employee. No trustee or employee of the board of trustees shall directly or indirectly 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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(L. 1957 p. 256 § 34, 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 86.320 - Contributions, rate of — deduction from compensation.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2015, 3 histories
86.320. Contributions, rate of — deduction from compensation. —
1. The board of trustees shall certify to the chief of police who shall cause to be deducted from the salary of each member on each and every payroll for each and every pay period, seven percent of the compensation of each member who is not participating in the DROP, including each member whose participation in the DROP has ended and who has returned to active participation in the system pursuant to section 86.251, and zero percent of the compensation of each member who is participating in the DROP or whose participation in the DROP has ended but who has not returned to active participation in the system pursuant to section 86.251.
2. The deductions provided for in this section 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 in this section, and shall receipt for the member's full salary or compensation and payment of salary or compensation less such 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 86.200 to 86.366. The chief of police 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 the system and shall be credited together with members' interest thereon to the individual account of the member from whose compensation such deduction was made.
3. The board of trustees is authorized to grant additional benefits for such parts of contributions as were made prior to the adoption of the seven-percent rate for all members which were in excess of the compulsory contributions required of each member.
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(L. 1957 p. 256 §§ 36 to 39, A.L. 1995 H.B. 260, et al., A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290, A.L. 2015 H.B. 515)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.330 - Normal rate of contribution, how determined.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.330. Normal rate of contribution, how determined. —
After each annual valuation, the actuary engaged by the board to make the valuation required by sections 86.200 to 86.366, shall determine the normal contribution rate. 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 retirement system the amount of the assets in hand to the credit of the retirement system and the present value of expected future member contributions 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 and interest assumptions adopted by the board of trustees.
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(L. 1957 p. 256 § 43, A.L. 2000 H.B. 1808)
Effective 7-1-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.333 - Accrued liability contribution rate defined — calculated, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1957, 2 histories
86.333. Accrued liability contribution rate defined — calculated, when. —
At the first valuation after the effective date of these amendments 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 unfunded 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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(L. 1957 p. 256 § 44)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.337 - Amount payable to general reserve fund — city's contribution.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.337. Amount payable to general reserve fund — city's contribution. —
The total amount payable to the retirement system for each fiscal year shall be not less than the normal 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 assets of the retirement system to provide the pensions and other benefits payable during the then current year.
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(L. 1957 p. 256 § 45, 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 86.340 - Accrued liability contribution discontinued, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001, 2 histories
86.340. Accrued liability contribution discontinued, when. —
The accrued liability contribution should be discontinued as soon as the accumulated reserve in the general 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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(L. 1957 p. 256 § 46, A.L. 1965 p. 201, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.343 - Annual expenses — city, board each provide one-half — board, duties.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.343. Annual expenses — city, board each provide one-half — board, duties. —
1. The costs of special personal service, financial advisers, special consultants, and office supplies and equipment shall be borne by the board of trustees.
2. Annually the board of trustees shall estimate the amount of money necessary to provide for the expense of the administration and operation of the retirement system for the ensuing year, excluding those items the cost of which the board is to bear pursuant to subsection 1. Fifty percent of the estimate shall be provided by the city and the remaining fifty percent shall be provided by the board of trustees from interest and other earnings on assets.
3. Annually, the board of trustees shall estimate the amount of money necessary to be paid into a board of trustees account during the ensuing year to provide for the expenses of the retirement system for the cost of special personal service, financial advisers, special consultants, and office supplies and equipment.
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(L. 1957 p. 256 § 47, A.L. 1965 p. 201, 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 86.344 - Certification of amounts due and payable, when, to whom — city, to appropriate funds, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, see footnote
86.344. Certification of amounts due and payable, when, to whom — city, to appropriate funds, when. —
On or before the first day of March of each year the board of trustees shall certify to the board of estimate and apportionment of the city the amounts which will become due and payable during the year next following for expenses pursuant to subsection 2 of section 86.343 and the cost of benefits as determined pursuant to section 86.337. The amounts so certified shall be appropriated by the city and transferred to the retirement system in equal payments in the first six months of the ensuing year.
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(L. 1983 H.B. 664, A.L. 2000 H.B. 1808)
Effective 7-01-00
(2007) Requirement that city pay entire contribution amounts certified by trustees for police retirement system and firemen's retirement system does not violate section 21, article X, Constitution of Missouri. Neske v. City of St. Louis, 218 S.W.3d 417 (Mo.banc).
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.350 - City obligated to pay cost of benefits and one-half of expenses.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.350. City obligated to pay cost of benefits and one-half of expenses. —
The payment of the cost of providing all benefits granted under the provisions of sections 86.200 to 86.366, as determined pursuant to section 86.337, and the payment of fifty percent of all expenses described in subsection 2 of section 86.343 incurred in connection with the administration and operation of the retirement system are hereby made obligations of the cities.
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(L. 1957 p. 256 § 49, A.L. 1965 p. 201, 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 86.353 - Benefits exempt from taxes and execution — not assignable, exception, child support or maintenance.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001, 2 histories
86.353. Benefits exempt from taxes and execution — not assignable, exception, child support or maintenance. —
The right of any person to a benefit, any other right accrued or accruing to any person under the provisions of sections 86.200 to 86.366 and the moneys created pursuant to sections 86.200 to 86.366 are not subject to execution, garnishment, attachment or any other process whatsoever and are unassignable except as in sections 86.200 to 86.366 specifically provided. Notwithstanding the foregoing, nothing in this section shall prevent the board of trustees from honoring the terms of a court order requiring the retirement system to pay all or any portion of the retirement benefit otherwise payable to a retired or disabled member to a third party to satisfy the member's obligation to pay child support or maintenance. Any relief association created pursuant to section 86.500 shall be exempt from the tax imposed by sections 143.011 to 143.1013.
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(L. 1957 p. 256 § 50, A.L. 1961 p. 463, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.354 - Benefit vested and nonforfeitable, when — forfeitures, use of.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2011
86.354. Benefit vested and nonforfeitable, when — forfeitures, use of. —
A member's benefit shall be one hundred percent vested and nonforfeitable upon the first of the following to occur:
(1) The member's attainment of age fifty-five, the normal retirement age; or
(2) The member's completion of twenty years of creditable service regardless of age; or
(3) The termination of the plan established pursuant to sections 86.200 to 86.366, to the extent the plan is funded.
­­Forfeitures of any nature under such plan shall not be used to increase the benefits of any member, but shall be used to reduce the city's contributions pursuant to section 86.243.
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(L. 1995 H.B. 260, et al. § 6, A.L. 2000 H.B. 1808, A.L. 2011 H.B. 358)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.357 - Fraud in obtaining benefits, a misdemeanor — adjustment of errors.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, 2 histories, see footnote
86.357. Fraud in obtaining benefits, a misdemeanor — adjustment of errors. —
1. Any person who shall knowingly make any false statement, or shall falsify or permit to be falsified any record or records of this retirement system in any attempt to defraud such system as a result of such act, shall be guilty of a misdemeanor, and shall be punishable therefor under the laws of this state.
2. Should any change or error in records result in any member or beneficiary receiving from the retirement system more or less than would have been payable 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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(L. 1957 p. 256 § 51, 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 86.359 - Retroactive payments to be lump sum with interest, rate.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2006
86.359. Retroactive payments to be lump sum with interest, rate. —
If a retroactive payment is made to a member, surviving spouse, dependent child, or other beneficiary under sections 86.200 to 86.366 for any reason, a lump sum equal to the sum of the retroactive monthly payments, plus interest, shall be paid. For this purpose, interest shall be credited at the rate of six percent annum, compounded annually.
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(L. 2006 S.B. 871)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.360 - Consolidation of retirement system created by sections 86.010 to 86.193 with system created by this law.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 2001, 2 histories
86.360. Consolidation of retirement system created by sections 86.010 to 86.193 with system created by this law. —
The board of trustees provided for by section 86.213 is hereby authorized to consolidate, combine and transfer funds provided by sections 86.010 to 86.193 with the funds provided by sections 86.200 to 86.366 in such a manner as will simplify the operations of the two systems. Separate records shall be maintained only to the extent necessary to determine and pay the benefits provided by sections 86.010 to 86.193 for those policemen electing not to become members of the retirement system provided by sections 86.200 to 86.366. The board of trustees may accept the membership records of the older system in lieu of the requirements in section 86.210. The board of trustees may authorize the use of the same actuarial assumptions and interest rate in the calculation of the contributions by the cities for both systems and the accrued liability rate may be a combined rate for both systems.
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(L. 1957 p. 256 § 53, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.363 - Board of trustees created by sections 86.013 and 86.023 dissolved and functions transferred, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1957, 2 histories
86.363. Board of trustees created by sections 86.013 and 86.023 dissolved and functions transferred, when. —
As soon as the board of trustees provided for by section 86.213 shall have been established, the board of trustees provided for by sections 86.013 and 86.023 shall be dissolved and its functions shall be assumed by the board of trustees established under the provisions of section 86.213.
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(L. 1957 p. 256 § 52)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.364 - Certain sections to terminate, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, see footnote
86.364. Certain sections to terminate, when. —
All provisions of this chapter which authorize the granting of additional benefits or compensation to beneficiaries shall terminate upon the issuance of an opinion by the Missouri supreme court which would result in the state of Missouri being obligated or required to pay any such additional benefits or compensation even though such additional benefits or compensation is formally approved or authorized by the appropriate body of the city.
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(L. 1983 H.B. 664, A.L. 2000 H.B. 1808)
Effective 7-1-00
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.366 - Retired members made special advisors, when — compensation — applicants, processing.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 01 Jul 2000, see footnote
86.366. Retired members made special advisors, when — compensation — applicants, processing. —
1. The board of trustees shall by rule adopt a program whereby, in addition to any retirement allowance, or compensation paid or payable under sections 86.200 to 86.366, any retired member under such sections who is receiving ordinary service retirement benefits and who has not received a lump sum payment equal to the retired member's contributions, shall upon application to the retirement system of the city and approval of the application by the board of trustees be made a special advisor to the retirement system and shall be paid as compensation for services as special advisor a lump sum payment in an amount equal to the total amount of the retired member's contributions to the retirement system, without interest, in the manner provided in subsection 2 of this section.
2. Within ninety days of August 28, 1990, the board of trustees shall establish a system of processing and approving qualified applicants for appointment and payment under this section. Application for appointment for special advisor to the retirement system must be made within one hundred eighty days of August 28, 1990. All qualified applicants shall be deemed appointed as of the date of their application, and shall be paid within one year of August 28, 1990.
3. Any diminishment of the assets of the system resulting from the compensation paid the special advisors to the retirement system provided for in sections 86.200 to 86.366 shall result in an increase in the funding requirement as computed under section 86.330 and made an obligation of the city under sections 86.344 and 86.350.
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(L. 1984 H.B. 1103, A.L. 1990 S.B. 593, 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 86.500 - Police may form relief associations.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
• Effective - 28 Aug 1975, 2 histories
86.500. Police may form relief associations. —
Any police force organized or existing by authority of the laws of this state in any city having a population of over one hundred thousand inhabitants is hereby authorized and empowered to form a relief association under the general incorporation laws of this state, and to create a fund for the purpose of affording relief to such members of their organization as may become sick or disabled while in the discharge of their duties, or who may become incapacitated by long years of service, and for aiding the families of police officers who may die while in the service of any police department, and for such other similar purposes as may be set forth in their articles of incorporation.
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(RSMo 1939 § 9543, A.L. 1975 H.B. 398)
Prior revisions: 1929 § 8978; 1919 § 10302; 1909 § 3458
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 86 - Police Relief and Pension Systems › Section 86.503 - Fund, how created.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 86
Effective - 28 Aug 1939, 2 histories
86.503. Fund, how created. —
This fund shall be created in the following manner: All moneys at present remaining in the hands of any unincorporated police relief committee or association; all moneys arising from the sale of unclaimed personal property; all fines assessed against any delinquent officers by any board of police commissioners; all monthly, annual or periodical assessments of members as may be provided for by the rules of said association; all percentages of rewards allowed to members of any police force under the regulations of its department.
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(RSMo 1939 § 9544)
Prior revisions: 1929 § 8979; 1919 § 10303; 1909 § 3459