Missouri Revised Statutes













Chapter 104

Retirement of State Officers and Employees

←104.1009

Section 104.1012.1

104.1015→

August 28, 2015

Plans to be managed by appropriate boards.

104.1012. 1. Any new state employee who would have become a member of

the closed plan administered by the transportation department and highway

patrol retirement system except for the creation of the year 2000 plan and

persons covered by the closed plan administered by the highway and

transportation employees' and highway patrol retirement system who elect year

2000 plan coverage as provided in section 104.1015 shall have their year 2000

plan coverage managed by that board.



2. Any new state employee who would have become a member of the closed

plan administered by the Missouri state employees' retirement system except

for the creation of the year 2000 plan or persons covered by the closed plan

administered by the Missouri state employees' retirement system who elect

year 2000 plan coverage as provided in section 104.1015 shall have their year

2000 plan coverage managed by that board.



3. In the event either board of trustees elects to provide employees,

members, or vested former members under either the closed plan or the year

2000 plan with education or advice pertaining to any aspect of retirement

planning, the board will not be liable for the retirement or investment

decisions made or not made by employees, members, or vested former members so

long as the board acts with the same care, skills, prudence, and diligence in

the selection and monitoring of providers of education and advice under the

circumstances then prevailing that a prudent person acting in a similar

capacity and familiar with those matters would use in the conduct of a

similar enterprise with similar aims.



(L. 1999 S.B. 308 & 314, A.L. 2007 S.B. 406)





1999



1999



104.1012. 1. Any new state employee who would have become a member

of the closed plan administered by the transportation department and

highway patrol retirement system except for the creation of the year 2000

plan and persons covered by the closed plan administered by the highway and

transportation employees' and highway patrol retirement system who elect

year 2000 plan coverage as provided in section 104.1015 shall have their

year 2000 plan coverage managed by that board.



2. Any new state employee who would have become a member of the

closed plan administered by the Missouri state employees' retirement system

except for the creation of the year 2000 plan or persons covered by the

closed plan administered by the Missouri state employees' retirement system

who elect year 2000 plan coverage as provided in section 104.1015 shall

have their year 2000 plan coverage managed by that board.



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