Title VI — COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT

50.010. Fiscal year in counties. — Unless otherwise provided in a charter adopted by a county under the provisions of Sections 18 or 31, 32 and 33 of Article VI, of the Constitution of this state, the fiscal year of the several counties of the state shall commence on January firs…

50.020. Transfer of county funds. — Whenever there is a balance in any county treasury in this state to the credit of any special fund, which is no longer needed for the purpose for which it was raised, the county commission may, by order of record, direct that said balance be tr…

50.030. Section 50.020 construed. — Nothing in section 50.020 shall be construed to authorize any county commission to transfer or consolidate any funds not otherwise provided for by law, excepting balances of funds of which the objects of their creation are and have been fully s…

50.032. Mediation of disputes necessary for receipt of state funds. — No county shall receive any state funds unless the county has determined, by order or ordinance, to agree to engage in mediation if a dispute concerning a financial expenditure arises between such county and an…

50.040. County commission may invest school funds, when and how. — Whenever there are outstanding any legal county revenue warrants of any county bearing six percent interest which will be redeemed by the taxes of the current year, and there are school moneys in the hands of the …

50.050. County treasurer to report. — The county treasurer shall, at the first term of county commission after the redemption of the warrants by the county revenue fund, submit to the commission a detailed statement showing the amount and time the school moneys were invested, the…

50.055. Accounts of county may be audited (counties of the second classification). — The accounts of any county of the second class, or the accounts of any officer or office of such county, may be audited at any time, if the county commission determines such an audit desirable or…

50.057. Audit, when, by whom (certain counties of the first classification). — The accounts of any county of the first class not having a charter form of government, or the accounts of any officer or office of such county, may be audited at any time, if the county commission dete…

50.059. Counties with federal highways, or weigh stations to receive additional funds, allocation. — In any county through which a federal interstate highway passes, or in any county which has an official weigh station, the county may receive an additional two thousand five hundr…

50.060. County commission may borrow money — amount (first and second class counties). — The county commission of counties of classes one and two may borrow money in anticipation of the collection of taxes and revenues for the current fiscal year. The amount of such loans shall a…

50.065. Borrowing by first class counties authorized, limitations on — tax anticipation warrants, procedure for issue and redemption. — The county commission or other governing body of counties of the first class may borrow money in anticipation of the collection of taxes and rev…

50.070. Tax anticipation notes may be issued in counties of first, third and fourth class. — The county commission in counties of class one, class three and class four may, by resolution, duly passed by a majority of the commissioners thereof, and upon order of said commission, i…

50.080. Tax anticipation notes — how made, signed and attested. — Said notes shall be known as tax anticipation notes, and by no other name, and on the back of each of said notes there shall appear a certificate that it is issued pursuant to an order of the county commission, the…

50.090. Estimate of county revenue to be basis for issuing anticipated notes. — The notes herein authorized shall not be issued until after the anticipated revenue for the year has been estimated, as herein provided in section 50.110, and when issued shall be in proportion to the…

50.095. Notes not to issue until revenue estimate made — limitation on amount issued — form of note (first class counties). — In counties of the first class authorized to borrow in anticipation of revenue pursuant to section 50.065, the notes authorized pursuant to section 50.070…

50.100. Note provisions. — Said notes shall be issued to mature in one or more months, but not to exceed twelve months, after date of issue, shall be payable to bearer, shall bear a rate of interest not to exceed fourteen percent per annum from date until maturity, and shall be i…

50.1000. Definitions. — As used in sections 50.1000 to 50.1300, the following words and terms mean: (1) "Annuity", annual payments, made in equal monthly installments, to a retired member from funds provided for in, or authorized by, the provisions of sections 50.1000 to 50.1300;…

50.1010. Fund authorized, management — apportionment of benefits. — There is hereby authorized a "County Employees' Retirement Fund" which shall be under the management of a board of directors described in section 50.1030. The board of directors shall be responsible for the admin…

50.1020. Source of funds, delinquent tax penalties — county assessor, duties — deposit of funds — payroll deduction. — 1. The board may accept gifts, donations, grants and bequests from private or public sources to the county employees' retirement system fund. 2. No state moneys …

50.1030. Board of directors, election, appointment by the governor, term, powers, duties — chairman, secretary, meetings — advisors — audits — compensation, costs — record — annual review. — 1. The general administration and the responsibility for the proper operation of the fund…

50.1031. Benefit adjustments, required assets-to-liability ratio — frequency of adjustments — effective date of adjustments. — 1. No adjustments may be made until the fund has achieved a funded ratio of assets to the actuarial accrued liability equaling at least eighty percent. N…

50.1032. Board to adopt rules for administration of retirement system. — Subject to the provisions of law, the board shall formulate and adopt rules and regulations for the government of its own proceedings and for the administration of the retirement system. ­­-------- (L. 1995 …

50.1034. Correction of errors — false statements — benefits not paid to survivor or beneficiary who intentionally kills member. — 1. Should any error result in any member or beneficiary receiving more or less than he or she should have been entitled to receive had the error not o…

50.1036. Errors, false statements, false records, consequences. — 1. Should any error result in any member or beneficiary receiving more or less than he or she should have been entitled to receive had the error not occurred, the board shall correct such error and, as far as pract…

50.1038. Survivor or beneficiary charged with intentional killing of member, benefits suspended — conviction, benefits to cease — no conviction, effect. — The board of trustees of the county employees' retirement system shall cease paying benefits to any survivor or beneficiary w…

50.1040. Membership in system — payroll deduction for nonLAGERS members — opting out prohibited, exceptions — opting in, when. — 1. On and after January 1, 2000, as an incident to employment or continued employment, each person who has not previously opted out of the retirement s…

50.1050. Normal annuity, qualifications. — Any member who has attained the age of sixty-two years may retire with a normal annuity with eight or more years of creditable service as a county employee. ­­-------- (L. 1994 S.B. 579 § 6)

50.1060. Normal annuity, amount, limitation — board to recommend adjustments to formula. — 1. The normal annuity of a retired member who is not a member of LAGERS shall be a monthly benefit equal to the greater of: (1) Twenty-four dollars multiplied by years of creditable service…

50.1070. Increase in benefits, limitation — determination — waiver of increase. — 1. Each member who retires on, before or after January 1, 2000, shall receive, beginning with the first year after retirement, an increase in the amount of benefits received by the member during the…

50.1080. What calculators apply. — For the purpose of calculating benefits of a member, years of service as an employee and twelfths of a year are to be used. ­­-------- (L. 1994 S.B. 579 § 9)

50.1090. Creditable service — special consultant, duty, compensation — limitation — verification of records — refund of contributions, when. — 1. Unless otherwise provided, a member shall receive creditable service for the member's entire period of service as a county employee. I…

50.110. Board of estimate of anticipated revenue. — The commissioners of the county commission, the clerk of the county commission the assessor, the collector and the treasurer of the county shall constitute a board of estimate of anticipated revenue. In each year, after the tax …

50.1100. Retirement, application, payment of annuity, restriction — exception, part-time work for county member may receive annuity, part-time work not to affect annuity. — Any member may retire at any time after the end of the month during which the member becomes eligible to re…

50.1110. Options in lieu of normal annuity, election — survivorship benefit. — 1. The normal annuity of a member shall be paid to a member during his or her lifetime. Upon the member's death no further payments shall be made. 2. In lieu of the normal annuity otherwise payable to …

50.1120. Death of beneficiary, reversion of normal annuity. — In the event a member has chosen an optional form of payment as provided in subsection 2 of section 50.1110 which provides for a continuing payment to a beneficiary after the death of the member in which the member rec…

50.1130. Death benefit. — 1. Notwithstanding the provisions of section 50.1150 to the contrary, a death benefit of ten thousand dollars and, in the case of an active member who dies after December 31, 2002, and before becoming vested, an amount equal to the amount of the member's…

50.1140. Termination of employment, forfeit of rights, refund — deferred annuity permanent, when — payment of accumulated contributions — restoration of creditable service. — 1. Upon termination of employment, any member with less than eight years of creditable service shall forf…

50.1150. Law not to affect certain rights — discrimination prohibited. — 1. No alteration, amendment or repeal of the provisions of sections 50.1000 to 50.1300 shall affect the then existing rights of members and beneficiaries, but shall be effective only as to rights which would…

50.1160. Effect upon eligibility for other retirement systems. — The benefits provided for by sections 50.1000 to 50.1300 shall in no way affect any person's eligibility for retirement benefits pursuant to LAGERS, or any other federal, state or local government retirement or pens…

50.1170. Applicability. — Unless otherwise specifically provided in sections 50.1000 to 50.1300, the provisions of sections 50.1000 to 50.1200 in effect before January 1, 2000, shall apply to any county employee whose employment terminates before January 1, 2000. The provisions o…

50.1175. Pension benefits and retirement allowances, exempt from attachment, garnishment and other processes — exception, child support and maintenance. — The right of a person to an annuity, pension benefit, funds, retirement allowance, right to a return on accumulated contribut…

50.1180. Law not to apply to certain political subdivisions. — Sections 50.1000 to 50.1300 shall not apply to counties of the first classification with a charter form of government or to a city not within a county. No employee in a county which accrues benefits pursuant to sectio…

50.1190. Recorder of deeds, extra fees, deposit. — In addition to the fees collected under chapter 59, the county recorder of deeds in all counties, except in counties of the first classification having a charter form of government and any city not within a county, shall collect …

50.120. County treasurer to sell notes — publication — private sale. — The county treasurer is authorized to sell such notes upon the order and under the direction of the county commission and shall cause notice to be published in first class counties for ten days in at least two…

50.1200. Ex officio collector, fees, deposit. — In addition to the two percent commission collected on all delinquent and back taxes by any county ex officio collector under the provisions of chapter 54, such ex officio collector shall collect an additional three percent fee on a…

50.1210. Contribution accounts established, board and nonLAGERS members to contribute to accounts. — Effective with calendar years ending after January 1, 2000, the board shall make contributions to defined contribution accounts established on behalf of members of the retirement …

50.1220. NonLAGERS member contribution, amount. — Each employee who is not a member of LAGERS shall make a contribution of seven-tenths of one percent of his or her compensation to a defined contribution account established on the employee's behalf. This contribution shall be mad…

50.1230. Matching contributions by board, when, rules — matching contributions by county, when. — 1. The board, in its sole discretion, shall determine if it will make matching contributions for a calendar year and the aggregate amount of the contribution. Each member who makes c…

50.1240. Bookkeeping account established. — The contributions allocated to a member in accordance with sections 50.1220 and 50.1230 shall be deposited in a bookkeeping account established on the member's behalf. This account shall be held as part of the funds of the Missouri coun…

50.1250. Forfeiture of contributions, when — reversion of forfeitures — distribution of contribution account, when — death of a member, effect of. — 1. If a member has less than five years of creditable service upon termination of employment, the member shall forfeit the portion …