Modifies provisions relating to the Missouri Local Government Employees' Retirement System and the County Employees' Retirement System
Second Read and Referred S Local Government, Elections and Pensions Committee
Summary
The bill repeals the current statutes for the County Employees’ Retirement System and the Local Government Employees’ Retirement System and replaces them with revised language. It clarifies key terms and sets new target replacement ratios for retirees. The goal is to modernize how retirement benefits are calculated for eligible county and local government workers.
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