Section 86.117 – Ten percent of fund may be in available cash — how kept.
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 […]
Section 86.120 – Trustees and employees not to be interested personally in investments.
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 […]
Section 86.123 – Method of financing.
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. […]
Section 86.127 – Annuity savings fund.
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 […]
Section 86.130 – Rates of contribution.
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 […]
Section 86.133 – Proportionate amount to be deducted from each payroll.
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 […]
Section 86.137 – Factors in determining deductions.
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 […]
Section 86.090 – Ordinary death benefit.
Effective – 28 Aug 1939 86.090. Ordinary death benefit. — Upon the receipt of proper proofs of the death of a member in service there shall be paid to his estate or to such person having an insurable interest in his life as he shall have nominated by written designation duly executed and filed with […]
Section 86.093 – Accidental death benefit.
Effective – 28 Aug 1939 86.093. Accidental death benefit. — Upon the receipt by the board of trustees of proper proofs of the death of a member in service there shall be paid to his designated beneficiary, or to his estate, the amount of his accumulated contributions and if, upon the receipt of evidence and […]
Section 86.097 – Return of accumulated contributions.
Effective – 28 Aug 1939 86.097. Return of accumulated contributions. — Should a member cease to be a policeman except by death or retirement, he shall be paid on demand the amount of his accumulated contributions standing to the credit of his individual account in the annuity savings fund. ——– (RSMo 1939 § 9469) Prior […]