2017 Missouri Revised Statutes
Title VI COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT
Chapter 70 Powers of Political Subdivisions to Cooperate or Contract with Governmental Units
Section 70.722 Allowances and benefits, all payments to be made from benefit reserve fund, when.
Effective 28 Aug 1988
Title VI COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT
Chapter 7070.722. Allowances and benefits, all payments to be made from benefit reserve fund, when. — The board shall arrange for transfers to the benefit reserve fund so that thereafter all allowances and related benefits shall be paid from the benefit reserve fund. Such transfers shall be completed upon a determination by the board's actuary of the amounts of such transfers and shall consist of the following:
(1) The reserve value of allowances payable from the employer's accumulation fund at time of transfer shall be transferred from the employer's accumulation fund; and
(2) The reserve value of allowances payable from the casualty reserve fund at time of transfer shall be transferred from the casualty reserve fund.
(L. 1988 H.B. 1098)
