Effective – 28 Aug 1951 86.077. Allowance on accidental disability retirement. — 1. Upon retirement for accidental disability, other than permanent total disability as defined in subsection 2 of this section, a member shall receive a service retirement allowance if he has attained the age of sixty; otherwise he shall receive an accidental disability retirement […]
Effective – 28 Aug 1939 86.080. Reexamination of beneficiaries retired on account of disability. — Once each year during the first five years following the retirement of a member on a disability retirement allowance and once in every three-year period thereafter, the board of trustees may, and upon his application shall, require any disability beneficiary […]
Effective – 28 Aug 1939 86.083. Pension to be reduced, when. — Should the medical board report and certify to the board of trustees that such disability beneficiary is engaged in or is able to engage in a gainful occupation paying more than the difference between his retirement allowance and his average final compensation, and […]
Effective – 28 Aug 1939 86.087. Retirement allowance to cease, when. — Should a disability beneficiary under age fifty-five be restored to active service at a compensation not less than his average final compensation, his retirement allowance shall cease, he shall again become a member and he shall contribute thereafter at the same rate he […]
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 […]
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 […]
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 […]
Effective – 28 Aug 1939 86.100. Optional allowances. — With the provision that no optional selection shall be effective in case a beneficiary dies within thirty days after retirement, in which event such a beneficiary shall be considered as an active member at the time of death. Until the first payment on account of any […]
Effective – 28 Aug 1939 86.103. Pensions offset by compensation benefits. — Any amounts which may be paid or payable by the said cities under the provisions of any workers’ compensation or similar law to a member or to the dependents of a member on account of any disability or death shall be offset against […]
Effective – 28 Aug 2009 86.107. Trustees to manage funds. — The board of trustees shall be the trustees of the several funds created by sections 86.010 to 86.193 as provided in section 86.123 and shall have full power to invest and reinvest such funds and shall have full power to hold, purchase, sell, assign, […]
Effective – 28 Aug 1939 86.110. Interest on funds. — The board of trustees annually shall allow regular interest on the mean amount for the preceding year in each of the funds with the exception of the expense fund. The amount so allowed shall be due and payable to said funds and shall be annually […]
Effective – 28 Aug 1939 86.113. Treasurer of city to be custodian of funds — vouchers. — The treasurer of the said cities shall be the custodian of the several funds. All payments from said funds shall be made by him only upon vouchers signed by two persons designated by the board of trustees. A […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
Effective – 28 Aug 1939 86.140. Members deemed to consent to deductions — payable into annuity savings fund. — The deductions provided for herein shall be made notwithstanding that the minimum compensation provided by law for any member shall be reduced thereby. Every member shall be deemed to consent to the deductions made and provided […]
