Section 86.1150 – Retirement age — base pension amount.
Effective – 28 Aug 2013, 3 histories 86.1150. Retirement age — base pension amount. — 1. Any Tier I member may retire when such member has completed twenty-five or more years of creditable service. Upon such retirement such member shall receive a base pension equal to: (1) For a member retiring prior to August 28, […]
Section 86.1151 – Tier II members, retire when — benefits, how computed.
Effective – 28 Aug 2013 86.1151. Tier II members, retire when — benefits, how computed. — 1. Any Tier II member may retire when such member has completed twenty-seven or more years of creditable service. Upon such retirement such member shall receive a base pension equal to two and one-half percent of such member’s final […]
Section 86.1160 – Termination of membership prior to death or retirement, effect of.
Effective – 28 Aug 2005 86.1160. Termination of membership prior to death or retirement, effect of. — Whenever a member’s service is terminated for any reason prior to death or retirement and such member has less than fifteen years of creditable service, or a member’s service is terminated after conviction of a felony, or a […]
Section 86.1020 – Board to act as trustee of certain funds — powers of the board.
Effective – 28 Aug 2005 86.1020. Board to act as trustee of certain funds — powers of the board. — 1. The retirement board shall act as trustee of the funds created by or collected under the provisions of sections 86.900 to 86.1280. With appropriate safeguards against loss by the retirement system, the board may […]
Section 86.1030 – Benefits and administrative expenses to be paid by retirement system funds — commencement of base pension — death of a member, effect of.
Effective – 28 Aug 2013, 3 histories 86.1030. Benefits and administrative expenses to be paid by retirement system funds — commencement of base pension — death of a member, effect of. — 1. All benefits and all necessary administrative expenses of the retirement system shall be paid from the funds of the retirement system. 2. […]
Section 86.1040 – Retirement benefits not subject to execution, garnishment, or attachment — tax-exempt status of funds.
Effective – 28 Aug 2005 86.1040. Retirement benefits not subject to execution, garnishment, or attachment — tax-exempt status of funds. — The right of any person to pension or pensions, to the return of contributions, disability or death benefits, or any other right accrued or accruing to any person under the provisions of sections 86.900 […]
Section 86.1050 – Criminal liability not limited by retirement system laws — correction of errors.
Effective – 28 Aug 2005 86.1050. Criminal liability not limited by retirement system laws — correction of errors. — Nothing contained in sections 86.900 to 86.1280 shall in any way limit the criminal liability of any person subject to prosecution under any law which is now or may hereafter be in force. Should any change […]
Section 86.1060 – Board may sue and be sued — service of process, procedure.
Effective – 28 Aug 2005 86.1060. Board may sue and be sued — service of process, procedure. — 1. The retirement board may sue and be sued in its own name. Such suits shall constitute suits by or against the members of the retirement board in their representative capacities and not as individuals. 2. Service […]
Section 86.1070 – Findings of the board — review.
Effective – 28 Aug 2005 86.1070. Findings of the board — review. — 1. In any hearing conducted by the retirement board, the board’s findings on all issues of fact shall be final and conclusive upon all parties concerned when such findings are supported by competent and substantial evidence. 2. Any ruling of the retirement […]
Section 86.1080 – Purchase of insurance policies permitted — indemnification — expenses of court proceedings may be paid, when.
Effective – 28 Aug 2005 86.1080. Purchase of insurance policies permitted — indemnification — expenses of court proceedings may be paid, when. — 1. The retirement board may purchase with retirement system assets from one or more insurers licensed to do business in this state one or more insurance policies that provide for reimbursement of […]