# Missouri HB147: Relating to retirement Missouri HB147, Relating to retirement, is a 2025 Regular Session House bill sponsored by Barry Hovis (Republican); status signed, last action 2025-07-14 (Delivered to Secretary of State (G)); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/MO-HB147-2025 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Missouri HB147 - State: Missouri - Session: 2025 Regular Session - Title: Relating to retirement - Status: signed - Chamber: House - Introduced: 2024-12-02 - Last action: 2025-07-14, Delivered to Secretary of State (G) - Sponsor: Barry Hovis (Republican) - Cosponsors: 0 - Touches household money: yes - Roll calls: 8 (484 yes, 13 no in all) - Economic provisions PRIA read: 18 ## Summary No summary available. ## Bill overview: provisions PRIA read - Local workers gain broader pension access: benefit, medium. Covered local government workers can join the retirement system even when working through retirement leaves them short of minimum service years. Membership alone does not guarantee a retirement payment. Specified disability pensions also lose the restriction imposed by section 70.685. Those disabil… - Sheriff retirement contributions receive tax protection: benefit, medium. For members on or after January 1, 2024, counties must pick up sheriff retirement contributions equal to 5% of pay. These payroll amounts count as employer contributions for federal income tax purposes. The deduction does not lower the pay used to calculate benefits. The law also removes required p… - Court users lose three-dollar retirement surcharge: benefit, low. The law ends the $3 sheriff retirement surcharge on covered civil and criminal cases, including specified traffic and infraction cases. People whose cases previously carried the surcharge no longer pay it. The former charge already excluded waived or government-paid costs and dismissed criminal pro… - Former workers get longer contribution claims: benefit, low. Former members or their legal representatives have 10 years, rather than three, to claim unclaimed retirement contributions before transfer. This applies when no retirement allowance is payable or expected on the account. After 10 years, the money transfers to the income-expense fund. A later prope… - Charter schools gain pension board seats: benefit, low. The covered public school retirement board grows from 11 to 13 trustees. The Missouri Public Charter School Association appoints two trustees with relevant qualifications or experience. At least one must be a teacher. Regular terms last four years; the first terms end two and four years after elect… - Firefighter pension boards can share management: benefit, low. The firefighters’ retirement board can also manage another pension plan for firefighters employed by a city not within a county. The other plan can cover retirement, disability, and death benefits for firefighters and covered dependents. The board can invest the plans’ money together but must track… - Covered public workers face service limits: cost, medium. Employees covered by the mandatory-separation provision must leave at age 65 or 35 years of credited service, whichever comes later. Separation occurs on the last day of that month. A separate rule bars covered police reserve members from serving after the month they turn 65. These rules apply only… - Retiree payment caps lose yearly adjustments: cost, medium. The law ends the October 1 yearly adjustment of the maximum retirement allowance under section 70.685. Covered yearly allowance adjustments also switch from the wage-earner price index to a Labor Department index adopted by the board. Existing adjustment limits remain. The effect on a retiree’s che… - Pension investment discussions can stay private: cost, low. Retirement boards can discuss and decide investment matters privately when disclosure threatens a decision or investment goal. Related records stay private only to the extent, and for as long as, that risk continues. Investment fiduciaries can also close records containing submitted information abo… - Sheriff service surcharges fund local operations: mixed, low. Covered court-paper service carries an added $20 charge in first-, second-, and fourth-class counties and charter counties. The added charge is $15 in third-class counties, but no service charge applies when government pays the service costs. Surcharges support deputy salaries and sheriff retiremen… - Police pensions count some pay differently: mixed, low. Covered police pension calculations include salary based on rank or position. They also include qualifying academic-work and shift-differential pay authorized by a state or municipal body or official. Specified extra compensation does not count. Judgments or settlements intended to repay claimed ra… - Pension divestment officials gain liability protection: mixed, low. Covered governments, retirement boards, and workers receive civil-liability protection for acts or omissions tied to removing restricted investments. Boards and systems are exempt from conflicting legal duties when complying with the divestment law. The retirement system must cover specified defens… - County jail payments support sheriff pensions: mixed, low. Beginning January 1, 2026, the Department of Corrections redirects $1.75 per prisoner per day from covered county jail reimbursements. The money goes to the Sheriffs’ Retirement Fund only for counties with participating sheriffs. The amount drops to $1 when the fund is at least 90% funded and excee… - Pension funds get restricted-investment exceptions: mixed, low. Private market funds and indirect holdings in actively managed funds are exempt from restricted-investment requirements. When a similar actively managed fund without restricted entities is created, boards must switch applicable holdings on a prudent schedule. Boards must assess stopping or delaying… - Pension investing must prioritize financial interests: mixed, low. Covered pension fiduciaries cannot let environmental, social, or governance goals override their duties to participants. Noneconomic investment mandates must fit those duties or applicable law; mandates to sell indirect fund holdings or private assets are barred. Votes on directly held common stock… - Public pensions must sell restricted investments: mixed, low. After August 28, 2025, covered public pensions cannot knowingly buy restricted entities or investment products. Existing holdings must be sold as soon as financially prudent, by August 28, 2026. Boards can extend to August 28, 2028, for transaction costs above $500,000, secondary-market losses on g… - Retirement boards gain broader investment choices: mixed, low. The law removes a 10% ceiling on covered retirement investments in improved real estate, real estate funds, and trusts. It also removes the board’s requirement that a delegated investment counselor be registered with the Securities and Exchange Commission. The local government retirement board can… - School pension employer rates rise again: mixed, low. For the covered education retirement system, employers pay contributions based on members’ total compensation. The rate fell from 16% in 2018 by 0.5 percentage point yearly, reaching 12.5% in 2025. Beginning in 2026, the rate is 14% each year. This raises employer payments from the 2025 level while… ## Sponsors and cosponsors - Sponsor: Barry Hovis (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-05-08 | House | Truly Agreed To and Finally Passed | pass | 134 | 4 | | | 2025-05-08 | House | Reported Do Pass | pass | 7 | 1 | | | 2025-05-08 | House | House Adopts - SS#2 | pass | 133 | 4 | | | 2025-05-06 | Senate | Third Read and Passed | pass | 32 | 1 | | | 2025-04-02 | House | Third Read and Passed | pass | 147 | 1 | 3 | | 2025-04-01 | House | Reported Do Pass | pass | 5 | 2 | | | 2025-02-27 | House | Reported Do Pass | pass | 10 | 0 | | | 2025-02-10 | House | Reported Do Pass | pass | 16 | 0 | | ## Actions (57) - 2025-07-14: Delivered to Secretary of State (G) (House) - 2025-07-14: Approved by Governor (G) (House) - 2025-05-30: Delivered to Governor (House) - 2025-05-30: Signed by President Pro Tem (Senate) - 2025-05-29: Signed by House Speaker (House) - 2025-05-08: House Message (House) - 2025-05-08: Truly Agreed To and Finally Passed - AYES: 134 NOES: 4 PRESENT: 0 (House) - 2025-05-08: House Adopts - SS#2 AYES: 133 NOES: 4 PRESENT: 0 (House) - 2025-05-08: Taken Up (House) - 2025-05-08: Reported Do Pass - AYES: 7 NOES: 1 PRESENT: 0 (House) - 2025-05-08: Voted Do Pass (House) - 2025-05-08: Executive Session Completed (House) - 2025-05-07: Referred: Fiscal Review (House) - 2025-05-07: Reported to the House with... - SS#2 SCS (House) - 2025-05-06: Third Read and Passed - AYES: 32 NOES: 1 PRESENT: 0 (Senate) - 2025-05-06: SS#2 Adopted (Senate) - 2025-05-06: SS#2 Offered (Senate) - 2025-05-06: SS Withdrawn (Senate) - 2025-05-06: Taken Up (Senate) - 2025-05-05: Placed on Informal Calendar - SA 1, SA 2, SA 3, SA 4, adopted, SA 6 and SS SCS, as amended, pending (Senate) - 2025-05-05: SS Offered (Senate) - 2025-05-05: Taken Up for Third Reading (Senate) - 2025-05-05: Reported Do Pass (Senate) - 2025-05-01: Voted Do Pass (Senate) - 2025-05-01: Executive Session Held (Senate) - 2025-04-30: Executive Session Scheduled - Thursday, May 1, 2025, May 1, 2025, 9:35 a.m., Senate Lounge - 3rd Floor - 2025-04-28: Referred: Fiscal Oversight (Senate) - 2025-04-24: SCS Reported Do Pass (Senate) - 2025-04-24: SCS Voted Do Pass (Senate) - 2025-04-24: Executive Session Held (Senate) - 2025-04-15: Public Hearing Held (Senate) - 2025-04-14: Public Hearing Scheduled - Tuesday, April 15.2025, 10:30 a.m., Senate Lounge - 3rd Floor (Senate) - 2025-04-10: Second read and referred: General Laws (Senate) - 2025-04-03: Reported to the Senate and First Read (Senate) - 2025-04-02: Third Read and Passed - AYES: 147 NOES: 1 PRESENT: 3 (House) - 2025-04-02: Taken Up for Third Reading (House) - 2025-04-01: Reported Do Pass - AYES: 5 NOES: 2 PRESENT: 0 (House) - 2025-04-01: Voted Do Pass (House) - 2025-04-01: Executive Session Completed (House) - 2025-03-27: Referred: Fiscal Review (House) - 2025-03-26: Perfected with Amendments - HA 1, HA 2, HA 3, HA 4, HA 5, HA 6, HA 7 adopted (House) - 2025-03-26: Title of Bill - Agreed To (House) - 2025-03-26: Taken Up for Perfection (House) - 2025-03-24: Placed on the Informal Perfection Calendar (House) - 2025-02-27: Reported Do Pass - AYES: 10 NOES: 0 PRESENT: 0 (House) - 2025-02-27: Voted Do Pass (House) - 2025-02-27: Executive Session Completed (House) - 2025-02-24: Action Postponed (House) - 2025-02-19: Referred: Rules - Legislative (House) - 2025-02-10: Reported Do Pass - AYES: 16 NOES: 0 PRESENT: 0 (House) - 2025-02-06: Voted Do Pass (House) - 2025-02-06: Executive Session Completed (House) - 2025-01-30: Public Hearing Completed (House) - 2025-01-22: Referred: Pensions (House) - 2025-01-09: Read Second Time (House) - 2025-01-08: Read First Time (House) - 2024-12-02: Prefiled (House) ## Bill text - Truly Agreed, 2025-05-08: [PDF](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295S.09T.pdf) - Perfected, 2025-03-26: [PDF](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295H.01P.pdf) - Committee Substitute, 2025-02-10: [PDF](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295S.03C.pdf) - Senate Substitute, 2025-02-10: [PDF](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295S.09F.pdf) - Introduced, 2025-01-08: [PDF](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295H.01I.pdf) ## Related bills - HB3: Appropriates money for the expenses, grants, refunds, and distributions of the Department of Higher Education and Workforce Development (signed) - HB8: Appropriates money for the expenses, grants, refunds, and distributions of the Department of Public Safety and the Department of National Guard (signed) - HB11: Appropriates money for the expenses, grants, refunds, and distributions of the Department of Social Services (signed) - HB10: Appropriates money for the expenses, grants, refunds, and distributions of the Department of Mental Health, the Department of Health and Senior Services, and t… (signed) - SB79: Modifies provisions relating to health care (signed) - SB271: Modifies provisions relating to emergency services (signed) ## Sources - [Truly Agreed (PDF)](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295S.09T.pdf) - [Perfected (PDF)](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295H.01P.pdf) - [Committee Substitute (PDF)](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295S.03C.pdf) - [Senate Substitute (PDF)](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295S.09F.pdf) - [Introduced (PDF)](https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/0295H.01I.pdf) ## Related - [HB3: Appropriates money for the expenses, grants, refunds, and distributions of the…](https://policyrisk.com/state-bill/MO-HB3-2025) - [HB8: Appropriates money for the expenses, grants, refunds, and distributions of the…](https://policyrisk.com/state-bill/MO-HB8-2025) - [HB11: Appropriates money for the expenses, grants, refunds, and distributions of the…](https://policyrisk.com/state-bill/MO-HB11-2025) - [HB10: Appropriates money for the expenses, grants, refunds, and distributions of the…](https://policyrisk.com/state-bill/MO-HB10-2025) - [SB79: Modifies provisions relating to health care](https://policyrisk.com/state-bill/MO-SB79-2025) - [SB271: Modifies provisions relating to emergency services](https://policyrisk.com/state-bill/MO-SB271-2025) - [Missouri bills](https://policyrisk.com/states/missouri/bills) - [Missouri state hub](https://policyrisk.com/states/missouri) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MO-HB147-2025 (as of 2026-10-17).