2012 Missouri Revised Statutes
TITLE III LEGISLATIVE BRANCH
Chapter 21 General Assembly
Section 21.562 Cost-of-living increases in pension benefits, notice of to committee, when--evidence of actuarial soundness, when.
Cost-of-living increases in pension benefits, notice of to committee, when--evidence of actuarial soundness, when.
21.562. 1. All state and local public employee retirement systems providing periodic cost-of-living increases in pension and retirement benefits paid to its retired officers and employees and spouses of deceased officers and employees prior to September 28, 1985, shall notify the joint committee on public employee retirement of such periodic cost-of-living increases within seven days after September 28, 1985.
2. All state or local public employee retirement systems shall notify the committee within seven calendar days when the governing body thereof which determines the amount and type of plan benefits to be paid takes final action providing any new or additional payments of periodic cost-of-living increases in pension and retirement benefits for its retired officers and employees and spouses of deceased officers and employees.
3. If so requested at any time by the committee, any state or local public employee retirement system providing such periodic cost-of-living increases shall provide satisfactory evidence of its actuarial soundness.
(L. 1985 H.B. 695)
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