Missouri Revised Statutes
Chapter 104
Retirement of State Officers and Employees
←104.1087
Section 104.1090.1
104.1091→
August 28, 2015
Additional credited service, when.
104.1090. 1. Any member who as described in subdivision (1) of
subsection 1 of section 104.1009 has been employed in a position covered by
the system for at least ten or more years and has received credited service
for such employment in the year 2000 plan shall receive additional credited
service for previous public employment within the state covered by another
retirement plan as defined in section 105.691, if all of the following
conditions are met:
(1) Such member has a vested right to receive a retirement benefit from
the other retirement plan at the time of application pursuant to this section;
(2) The other retirement plan transfers to the system an amount equal to
the employee's account balance under a defined contribution plan or the
amount equal to the employee's pension benefit obligation under a defined
benefit plan at the time of transfer to the extent that obligation is funded
as of the plan's most recent actuarial valuation, not to exceed one hundred
percent, as determined by the other retirement plan's actuary using the same
assumption used in performing the last regular actuarial valuation of the
transferring plan, except that in no event shall the transferred amount be
less than the employee's accumulated contributions on deposit with the
transferring plan;
(3) No such credited service remains credited in such other retirement
plan;
(4) The member applies for the additional credited service prior to the
members's annuity starting date in manner and form established by the
appropriate board. Such additional credited service shall be added to the
credited service in the first position of employment held as a member of the
system; and
(5) The other retirement plan enters into an agreement with the system
to comply with the provisions of this section.
2. Any member described in subsection 3 of section 104.1015 who elects to
be covered by the year 2000 plan shall be eligible to receive service under
the terms and conditions of subsection 1 of this section.
(L. 1999 S.B. 308 & 314, A.L. 2000 H.B. 1808, A.L. 2007 S.B. 406)
2000
2000
104.1090. 1. Any member who as described in subdivision (1) of
subsection 1 of section 104.1009 has been employed in a position covered by
the system for at least ten or more years and has received credited service
for such employment in the year 2000 plan shall receive additional credited
service for previous public employment within the state covered by another
retirement plan as defined in section 105.691, RSMo, if all of the
following conditions are met:
(1) Such member has a vested right to receive a retirement benefit
from the other retirement plan at the time of application pursuant to this
section;
(2) The other retirement plan transfers to the system an amount equal
to the employee's account balance under a defined contribution plan or the
amount equal to the employee's pension benefit obligation under a defined
benefit plan at the time of transfer to the extent that obligation is
funded as of the plan's most recent actuarial valuation, not to exceed one
hundred percent, as determined by the other retirement plan's actuary using
the same assumption used in performing the last regular actuarial valuation
of the transferring plan, except that in no event shall the transferred
amount be less than the employee's accumulated contributions on deposit
with the transferring plan;
(3) No such credited service remains credited in such other
retirement plan; and
(4) The member applies for the additional credited service prior to
the members's annuity starting date in manner and form established by the
appropriate board. Such additional credited service shall be added to the
credited service in the first position of employment held as a member of
the system.
2. Any member described in subsection 3 of section 104.1015 who
elects to be covered by the year 2000 plan shall be eligible to receive
service under the terms and conditions of subsection 1 of this section.
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