Title VII — CITIES, TOWNS AND VILLAGES

86.157. Actuary to determine normal contribution rate. — On the basis of regular interest and of such mortality and other tables as shall be adopted by the board of trustees, the actuary engaged by the board to make each valuation required by sections 86.010 to 86.193 during the …

86.1570. Offset to workers' compensation payments — member's percentage defined. — 1. Any periodic payment, excluding payments for medical treatment, which may be paid or payable by cities under the provisions of any workers' compensation or similar law to a member or to the depe…

86.1580. Optional distribution under partial lump-sum option plan, when — death before retirement, effect of. — 1. Any member in active service entitled to commence a pension under section 86.1540 may elect an optional distribution under the partial lump sum option plan provided …

86.1590. Cost-of-living adjustments — base pension defined. — 1. Provided that the retirement system shall remain actuarially sound, each of the following persons may receive each year, in addition to such person's base pension, a cost-of-living adjustment in an amount not to exc…

86.160. Accrued liability contribution rate. — Immediately succeeding the first valuation the actuary engaged by the board of trustees shall compute the rate percent of the total earnable compensation of all members which is equivalent to four percent of the amount of the total p…

86.1600. Supplemental retirement benefit, amount, cost-of-living adjustments — special consultant, compensation — cost-of-living adjustments, rulemaking authority — member defined. — 1. Any member who retires subsequent to August 28, 1997, and on or before August 28, 2007, with e…

86.1610. Death of member in service, benefit to be received — death of member after retirement, benefit to be received — surviving spouse benefits. — 1. Upon receipt of the proper proofs of death of a member in service for any reason whatsoever, the following amounts shall be pay…

86.1620. Funeral benefits, amount. — 1. Upon the death after August 28, 2003, of a member in service, or upon the death of a member who was in service on or after August 28, 2003, and who dies after having been retired and pensioned, there shall be paid, in addition to all other …

86.163. Amount payable to pension accumulation fund. — The total amount payable in each year to the pension accumulation fund shall be not less than the sum of the rates percent known as the normal contribution rate and the accrued liability contribution rate of the total compens…

86.1630. Tax-exempt status of plan to be maintained — assets of system to be held in trust — member benefits vested, when — distribution of benefits. — 1. A retirement plan under sections 86.1310 to 86.1640 is a qualified plan under the provisions of applicable federal law. The b…

86.1640. Incentives for early retirement, board to administer and pay. — If a city and the police department of such city adopt any program of incentives to authorize or encourage early retirements, whether for employees not yet eligible for regular retirement or for employees wh…

86.167. Accrued liability contribution discontinued, when. — The accrued liability contribution should be discontinued as soon as the accumulated reserve in the pension accumulation fund shall equal the present value as actuarially computed and approved by the board of trustees, …

86.170. Pensions and benefits payable from pension accumulation fund — exceptions. — All pensions, and benefits in lieu thereof with the exception of those payable to or on account of members who received no prior service allowance and all lump sum death benefits on account of de…

86.173. Sum transferred to reserve fund, when. — Upon the retirement or death of a member not entitled to prior service credit an amount equal to the pension reserve on any pension payable to him or on account of his death shall be transferred from the pension accumulation fund t…

86.177. Pension reserve fund. — The pension reserve fund shall be the fund in which shall be held the reserves on all pensions granted to members not entitled to prior service credit or to their beneficiaries and from which such pensions and benefits in lieu thereof shall be paid…

86.180. Expense fund. — The expense fund shall be the fund to which shall be credited all money provided by the said cities to pay the administration expenses of the retirement system and from which shall be paid all the expenses necessary in connection with the administration an…

86.183. Contributions by city. — 1. On or before the first of March of each year the board of trustees shall certify to the board of police commissioners the amounts which will become due and payable during the year next following to the pension accumulation fund and the expense …

86.187. Guaranty. — Regular interest charges payable, the creation and maintenance of reserves in the pension accumulation fund and the maintenance of annuity reserves and pension reserves as provided for and the payment of all pensions, annuities, retirement allowances, refunds …

86.190. Exemption from tax and execution. — The right of any person to a pension, annuity or retirement allowance, to the return of contributions, the pension, annuity or retirement allowance itself, any optional benefit or death benefit, any other right accrued or accruing to an…

86.193. Correction of errors in benefits, adjustments. — 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 sha…

86.200. Definitions. — The following words and phrases as used in sections 86.200 to 86.366, unless a different meaning is plainly required by the context, shall have the following meanings: (1) "Accumulated contributions", the sum of all mandatory contributions deducted from the…

86.203. Establishment of system — name — effective date. — In any city not within a county, there is hereby created and established retirement systems as alternative systems to those which have been established under the provisions of sections 86.010 to 86.193. Each such system s…

86.207. Members of system — transfer of creditable service permitted, when — reserve officer not a member. — 1. Except as provided herein, all persons who become policemen and all policemen who enter or reenter the service of any city not within a county after the first day of Oc…

86.210. Service creditable. — 1. Under such rules and regulations as the board of trustees shall adopt, each member who was a policeman on and prior to the date the retirement system becomes operative and who becomes a member within one year from such date and each member who was…

86.213. Board of trustees to administer — members of board, selection — terms. — 1. The general administration and the responsibility for the proper operation of the retirement system and for making effective the provisions of sections 86.200 to 86.366 are hereby vested in a boar…

86.217. Vacancy on board, how filled — trustees to receive expenses. — 1. If a vacancy occurs in the office of trustee, the vacancy shall be filled for the unexpired term in the same manner as the office was previously filled. 2. The trustees shall serve without compensation, but…

86.220. Oath of trustees. — Each trustee shall, within ten days after his appointment or election, take an oath of office before the clerk of circuit court of said cities, that, so far as it devolves upon such trustee, the trustee will diligently and honestly administer the affai…

86.223. Quorum, number of trustees constituting — majority vote required, when. — Six trustees shall constitute a quorum for the transaction of business, and any official action of the board shall be based on the majority vote of the trustees present. ­­-------- (L. 1957 p. 256 §…

86.227. Jurisdiction of board — decisions subject to judicial review. — The board of trustees has exclusive original jurisdiction in all matters relating to or affecting the funds herein provided for, including, in addition to all other matters, all claims for annuities, benefits…

86.230. Officers, selection — actuaries and employees, appointment, compensation. — The board of trustees shall elect from its membership a chairman and shall, by majority vote of its members, appoint a secretary, who may be, but need not be, one of its members. It shall engage s…

86.233. Records of board — annual report. — 1. The board of trustees shall keep in convenient form such data as shall be necessary for actuarial valuation of the retirement system and for checking the experience of the system. 2. The board of trustees shall keep a record of all i…

86.237. Legal adviser — medical board — duties. — 1. The board of trustees is authorized to use the city counselor of the specified cities as a legal advisor to the board of trustees and may also appoint an attorney-at-law or firm of attorneys-at-law to serve as the legal advisor…

86.240. Actuary, duties. — The actuary shall be the technical adviser of the* board of trustees on matters regarding the operation of the retirement system created by sections 86.200 to 86.366 and shall perform such other duties as are required in connection therewith. ­­--------…

86.243. Regular actuarial surveys — adoption of mortality tables — certification of contribution rates. — At least once in each five-year period the actuary shall make an actuarial investigation into the mortality, service and compensation experience of the members and beneficiar…

86.247. Annual valuation of assets and liabilities. — On the basis of such tables as the board of trustees shall adopt, the actuary shall make an annual valuation of the assets and liabilities of the system created by sections 86.200 to 86.366. ­­-------- (L. 1957 p. 256 § 15, A.…

86.248. Assets of fund retained for benefit of members. — All assets of the retirement system, including investment income, shall be retained for the exclusive benefit of members and their beneficiaries and shall be used to pay benefits or administrative expenses of the system an…

86.250. Members may retire when — application to board to be made when — compulsory retirement. — Retirement of a member on a service retirement allowance shall be made by the board of trustees as follows: (1) Any member may terminate employment as a police officer and actually r…

86.251. Deferred retirement option plan — election — deposit of retirement allowance in DROP account — termination of participation, when — forms of payment — effect of participation — death of member, payment of funds — accidental disability retirement allowance, effect — intere…

86.252. Distribution of interest of member, when — distribution periods before January 1, 2003 — distributions on and after January 1, 2003. — 1. Notwithstanding any provision of sections 86.200 to 86.366 to the contrary, the entire interest of a member shall be distributed or be…

86.253. Service retirement allowance, how calculated — military service credit — contributions refund, when — retiree, surviving spouses, special consultants, when. — 1. Upon termination of employment as a police officer and actual retirement for service, a member shall receive a…

86.254. Special advisors, qualifications, duties, compensation — effective, when — surviving spouses as advisors, when, compensation. — 1. Beginning July 1, 1994, in addition to any other annuity, benefits, or retirement allowance provided pursuant to sections 86.200 to 86.366, e…

86.255. Eligible rollover distribution payable, election to pay directly to plan — definitions — written explanation required by board, when — distribution made, when — prohibition on eligible rollover distributions to certain members, exception. — 1. Notwithstanding any other pr…

86.256. Annual benefit not to exceed certain amount — annual additions not to exceed certain amount — incorporation by reference of Internal Revenue Code. — 1. In no event shall a member's annual benefit paid under the plan established pursuant to sections 86.200 to 86.366 exceed…

86.257. Disability retirement allowance granted, when — periodic medical examinations required, when — cessation of disability benefit, when. — 1. Upon the application of the chief of police or a member, any member who has completed ten or more years of creditable service or upon…

86.260. Disability allowance, how calculated — members as special consultants, when — benefits for children. — 1. Upon termination of employment as a police officer and actual retirement for nonduty disability a member shall receive a service retirement allowance as calculated un…

86.263. Service-connected accidental disability retirement for active service members, requirements — periodic examinations required, when — cessation of benefits, when. — 1. Any member in active service who is permanently unable to perform the full and unrestricted duties of a p…

86.267. Service-connected disability retirement allowance calculated, how — appointment as special consultant, amount to be paid, duties. — 1. Upon termination of employment as a police officer and actual retirement for accidental disability, other than permanent total disability…

86.270. Investigation and examination of applicants for disability benefits. — 1. Any determination of whether a member is disabled under the provisions of section 86.257 or 86.263 shall consist of an investigation of the member's physical and mental condition by the medical boar…

86.277. Disability allowance ceases on return to service — status as member. — Should a disabled member be restored to active service, such member's disability allowance shall cease. The disabled member shall again become a member and shall contribute thereafter at the same rate …

86.280. Death benefit — dependents' allowances. — Upon the receipt of proper proofs of the death of a member in service and provided no other benefits are payable under the retirement system, there shall be paid the following benefits: (1) Effective October 1, 1999, a pension to …