Title XI, EDUCATION AND LIBRARIES

169.030. Contributions by members and employees, exceptions — rate — withholding required — board to fix rate, conditions. — 1. The funds required for the operation of the retirement system created by sections 169.010 to 169.141 shall come from contributions made in equal amounts…

169.033. Contributions by members may be required to be credited to members' accounts by employer, board may adopt plan. — The board of trustees by regulation may adopt a plan wherein each and every employer included within the retirement system shall specify that contributions w…

169.035. Additional deposits by members, when. — A member may at the member's option, and under such regulations as the board of trustees may adopt, deposit additional sums in multiples of twenty-five dollars but not to exceed in total in any one year ten percent of the compensat…

169.040. Funds of retirement system, how invested — delegation of investment authority — investments, manner of making, form — designated depository — electronic funds transfer required — closed meetings authorized, when. — 1. All funds arising from the operation of sections 169.…

169.045. Bank deposits of system, how secured. — Any money belonging to the public school retirement system of Missouri which is deposited in any bank or trust company shall be secured by the deposit with and for said retirement system of securities of like kind and value as requ…

169.050. Membership — prior service credit, withdrawal — reinstatement contributions. — 1. On and after the effective date of sections 169.010 to 169.140, all employees as defined in sections 169.010 to 169.141 of districts included in the retirement system thereby created shall …

169.055. Purchase of equivalent service, leave of absence — part-time teachers may receive creditable service, when. — 1. A member who is assigned to a leave of absence by the member's employer, with compensation provided in the contract of employment for the leave period to be n…

169.056. Private school, defined — membership credit for service in private school, purchase, payment, requirements. — 1. Members who have accrued at least one year of membership service credit for employment in a position covered by this retirement system and who have covered em…

169.060. Retirement and disability. — 1. On and after the first day of July next following the operative date, any member who is sixty or more years of age and whose creditable service is five years or more, or whose sum of age and creditable service equals eighty years or more, …

169.070. Retirement allowances, how computed, election allowed, time period — options — effect of federal O.A.S.I. coverage — cost-of-living adjustment authorized — limitation of benefits — employment of special consultant, compensation, minimum benefits. — 1. The retirement allo…

169.073. Partial lump sum distribution, when — options — calculation for changes in distribution amount — death, effect of. — 1. Any member eligible for a retirement allowance pursuant to section 169.070 and who has not previously received a retirement allowance, including an all…

169.075. Survivors' benefits, options — purchase of prior service credits for previous service in another Missouri public school retirement system, cost — monthly retirement allowance — special consultant qualification, compensation, duties — death prior to receipt of total accum…

169.076. Death without a valid designated beneficiary, effect of — most recent valid designation of beneficiary revokes previous designations. — 1. If a member dies before service retirement and is not survived by a beneficiary under a valid beneficiary designation filed with the…

169.080. Correction of errors in benefits — adjustment. — Should any change or error in records result in any member or beneficiary receiving from the retirement system more or less than he would have been entitled to receive had the records been correct, the board of trustees sh…

169.090. Funds not subject to execution, garnishment, attachment. — Neither the funds belonging to the retirement system nor any benefit accrued or accruing to any person under the provisions of sections 169.010 to 169.130 shall be subject to execution, garnishment, attachment or…

169.100. Gifts accepted. — Gifts, devises, bequests and legacies may be accepted by the board of trustees, to be held and invested and, except where specific direction for the use of a gift is made by a donor, used at its discretion for the benefit of the retirement system. ­­---…

169.110. Appropriations made by general assembly to be repaid in two-year period. — To meet the requirements of the retirement system for the period between the time when sections 169.010 to 169.130 shall take effect and the time when sufficient contributions to the system are tr…

169.130. Teachers at state institutions prior to August 13, 1986, to be members — teachers employed by teachers' association to be members — contributions. — 1. Any person, duly certified under the law governing the certification of teachers, employed full time as a teacher by th…

169.140. Community college, public, full-time employee may be member of retirement system, exception. — Any person employed in a public community college upon a full-time basis and who shall be duly certificated under the law governing the certification of teachers, or any person…

169.141. Successor beneficiary may be nominated by person receiving reduced allowance, when, procedure — allowance increase, when — same-sex partners as successor beneficiaries, requirements. — 1. Any person receiving a retirement allowance under sections 169.010 to 169.140, and …

169.270. Definitions. — Unless a different meaning is clearly required by the context, the following words and phrases as used in sections 169.270 to 169.400 shall have the following meanings: (1) "Accumulated contributions", the sum of all amounts deducted from the compensation …

169.280. Retirement system created — system, how managed — federal qualified plan, intent as, administration of plan, effect on. — 1. In each school district of this state (i) that now has or may hereafter have a population of not more than seven hundred thousand and (ii) not les…

169.291. Board of trustees, qualifications, terms — superintendent of school district to be member — vacancies — lapse of corporate organization, effect of — oaths — officers — expenses — powers and duties — medical board, appointment — actuary designated — contribution rates of …

169.295. Board of trustees, powers and duties. — 1. The board of trustees shall be the trustees of all the funds of the system and shall have full power to invest and reinvest such funds. The trustees shall have full power to hold, purchase, sell, assign, transfer or dispose of a…

169.296. Indemnity and protection of trustee or employee, limitations — insurance — notice required, when. — 1. To the extent determined appropriate by the board of trustees, the retirement system established under sections 169.270 to 169.400 may indemnify and protect any trustee…

169.301. Retirement benefits to vest, when — amount, how computed — option of certain members to transfer plans, requirements — retirant becoming active member, effect on benefits — termination of system, effect of — military service, effect of. — 1. Any active member who has com…

169.311. One year creditable service, how computed. — The board of trustees shall fix and determine by proper rules and regulations how much service in any year is equivalent to one year of creditable service, but in no case shall more than one year of service be creditable for a…

169.315. Rules, regulations to permit purchase of creditable service, requirements — eligibility. — 1. The board of trustees shall adopt rules and regulations which shall permit members to purchase creditable service under the circumstances provided for in this section. Such rule…

169.320. Member may retire, when. — The board of trustees shall allow retirement of a member on a service retirement allowance under the following circumstances: Any vested member may retire on an annual service retirement allowance upon written application to the board of truste…

169.322. Retirement for disability — periodic examination — subsequent reemployment and retirement. — 1. Upon the written application of an active member or of the person's employer's board, any active member who has five or more years of creditable service shall be retired by th…

169.324. Retirement allowances, amounts — retirants may substitute without affecting allowance, limitation — annual determination of ability to provide benefits, standards — action plan for use of minority and women money managers, brokers and investment counselors. — 1. The annu…

169.326. Optional plans for payment of benefits — limitations — waiver. — 1. Until the first payment on account of any benefit becomes due, any retirant may elect, by delivering written notice duly acknowledged to the board of trustees, to receive the actuarial equivalent of the …

169.328. Accumulated contributions returned to member, when — eligible rollover distributions, election for distribution. — 1. Should a member cease to be a regular employee, except by retirement, the member, if living, shall be paid on demand, made by written notice to the board…

169.331. Retired teachers may teach full time without loss of benefits, when — school district requirements. — 1. Notwithstanding any other provision of sections 169.270 to 169.400 to the contrary, a retired certificated teacher receiving a retirement benefit from the retirement …

169.350. Assets held in two funds — source and disbursement — deductions — contributions, employer may elect to pay part or all of employee's contribution, procedure — rate of contributions to be calculated. — 1. All of the assets of the retirement system (other than tangible rea…

169.360. Trustees shall report annually to employers district's contribution, certification — transfer of funds. — 1. Before the first of July of each year, the board of trustees shall certify to each employer the amounts which will become due and payable from each during the sch…

169.370. Obligations chargeable to general revenue fund — alteration of existing rights prohibited. — 1. Interest charges payable, the creation and maintenance of reserves in the general reserve fund and the payment of all retirement allowances, refunds and other benefits and exp…

169.380. Immunity from execution, garnishment or attachment. — Any funds in the charge and custody of the board of trustees of the retirement system under the provisions of sections 169.270 to 169.400 shall not be subject to execution, garnishment, attachment or any other process…

169.390. Limitation of state contributions. — The state of Missouri shall contribute no funds directly or indirectly to finance the plan to pay retirement allowances by appropriation bills or otherwise, except those funds which the school district may receive from time to time un…

169.395. Procedural requirements waived for members, retirants and beneficiaries, by board of trustees, when. — The board of trustees or its duly authorized representatives may, at any time, in its or their sole discretion, waive compliance by members, retirants, or beneficiaries…

169.400. Correction of errors in benefits — adjustment. — Should any change or error in records result in any member or beneficiary receiving from the retirement system more or less than the person would have been entitled to receive had the records been correct, the board of tru…

169.410. Definitions. — The following words and phrases as used in sections 169.410 to 169.540, unless a different meaning is plainly required by the context, shall have the following meanings: (1) "Accumulated contributions", the sum of all amounts deducted from the compensation…

169.420. Retirement system — how managed. — In all metropolitan school districts of this state, there are hereby created and established retirement systems for the purpose of providing retirement benefits for employees of said school districts. Each such system shall be a body co…

169.430. Who shall be members. — All persons who shall hereafter become employees shall become members as a condition of their employment and shall receive no pension or retirement benefit from any pension or retirement system other than the retirement system established pursuant…

169.435. Revocation of election of coverage made on or ninety days after October 13, 1961, procedure, effect on creditable service. — Any member, who elected on October 13, 1961, or within ninety days thereafter to continue contributions and receive benefits as provided by the la…

169.440. Years of service, how determined — purchase of credit for service, limitations and conditions. — 1. In no case shall more than one year of service be credited for all service in one calendar year. 2. The board of trustees shall include an employee's accumulated and unuse…