Title VII, CITIES, TOWNS AND VILLAGES

86.292. Accumulated contributions to remain system assets, when. — If the board of trustees is unable to refund the accumulated contributions of a member or to commence payment of benefits within five years after such refund or benefits are otherwise first due and payable, the ac…

86.293. Disposition of difference between benefits paid and accumulated contributions. — If there are no further benefits otherwise payable under sections 86.200 to 86.366 and the total amount of benefits paid to date is less than an amount equal to the accumulated contributions …

86.294. Contributions to be accepted after January 1, 2002, limitations. — 1. Notwithstanding any other provision of the plan established in sections 86.200 to 86.366, and subject to the provisions of subsections 2 and 3 of this section, effective January 1, 2002, the plan shall …

86.295. Death while performing qualified military service, benefit distribution, to whom. — Notwithstanding any provision of sections 86.200 to 86.366 to the contrary, if a member dies on or after January 1, 2007, while performing qualified military service, as defined in Section…

86.296. Trustee to trustee transfers to be accepted after January 1, 2002. — 1. Notwithstanding any other provision of the plan established in sections 86.200 to 86.366, and subject to the provisions of subsections 2 and 3 of this section, effective January 1, 2002, the plan shal…

86.297. Workers' compensation or other benefits offset against allowances. — Any amounts which may be paid or payable by the said cities under the provisions of any workers' compensation or similar law to a member or to the dependents of a member on account of any temporary total…

86.300. Trustees to manage funds. — The board of trustees shall be the trustees of the assets of the retirement system created by sections 86.200 to 86.366 and shall have full power to hold, purchase, sell, assign, transfer or dispose of any of the securities and investments in w…

86.303. Interest on members' accounts. — The board of trustees shall annually credit each member's individual account with interest on the largest balance remaining in each account for the entire year and at the members' interest rate determined by the board. ­­-------- (L. 1957 …

86.307. Treasurer, custodian of assets — payments from, made how. — The treasurer of the cities shall be the custodian of the assets of the retirement system. The treasurer shall make payments from such assets only upon vouchers signed by two persons designated by the board of tr…

86.310. Ten percent may be kept in cash — maximum per depository. — For the purpose of meeting disbursements for benefits and other payments there may be kept available cash not exceeding ten percent of the total assets of the retirement system on deposit in one or more banks or …

86.313. Trustees and employees not to have direct interest in investments. — Except as herein provided, no trustee and no employee of the board shall have any direct interest in the gains or profits of any investment made by the board of trustees, nor receive any pay or emolument…

86.320. Contributions, rate of — deduction from compensation. — 1. The board of trustees shall certify to the chief of police who shall cause to be deducted from the salary of each member on each and every payroll for each and every pay period, seven percent of the compensation o…

86.330. Normal rate of contribution, how determined. — After each annual valuation, the actuary engaged by the board to make the valuation required by sections 86.200 to 86.366, shall determine the normal contribution rate. The normal contribution rate shall be the rate percent o…

86.333. Accrued liability contribution rate defined — calculated, when. — At the first valuation after the effective date of these amendments the actuary engaged by the board of trustees shall compute the rate percent of the total earnable compensation of all members which is equ…

86.337. Amount payable to general reserve fund — city's contribution. — The total amount payable to the retirement system for each fiscal year shall be not less than the normal contribution rate of the total compensation earnable by all members during the year; provided, however,…

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

86.343. Annual expenses — city, board each provide one-half — board, duties. — 1. The costs of special personal service, financial advisers, special consultants, and office supplies and equipment shall be borne by the board of trustees. 2. Annually the board of trustees shall est…

86.344. Certification of amounts due and payable, when, to whom — city, to appropriate funds, when. — On or before the first day of March of each year the board of trustees shall certify to the board of estimate and apportionment of the city the amounts which will become due and …

86.350. City obligated to pay cost of benefits and one-half of expenses. — The payment of the cost of providing all benefits granted under the provisions of sections 86.200 to 86.366, as determined pursuant to section 86.337, and the payment of fifty percent of all expenses descr…

86.353. Benefits exempt from taxes and execution — not assignable, exception, child support or maintenance. — The right of any person to a benefit, any other right accrued or accruing to any person under the provisions of sections 86.200 to 86.366 and the moneys created pursuant …

86.354. Benefit vested and nonforfeitable, when — forfeitures, use of. — A member's benefit shall be one hundred percent vested and nonforfeitable upon the first of the following to occur: (1) The member's attainment of age fifty-five, the normal retirement age; or (2) The member…

86.357. Fraud in obtaining benefits, a misdemeanor — adjustment of errors. — 1. Any person who shall knowingly make any false statement, or shall falsify or permit to be falsified any record or records of this retirement system in any attempt to defraud such system as a result of…

86.359. Retroactive payments to be lump sum with interest, rate. — If a retroactive payment is made to a member, surviving spouse, dependent child, or other beneficiary under sections 86.200 to 86.366 for any reason, a lump sum equal to the sum of the retroactive monthly payments…

86.360. Consolidation of retirement system created by sections 86.010 to 86.193 with system created by this law. — The board of trustees provided for by section 86.213 is hereby authorized to consolidate, combine and transfer funds provided by sections 86.010 to 86.193 with the f…

86.363. Board of trustees created by sections 86.013 and 86.023 dissolved and functions transferred, when. — As soon as the board of trustees provided for by section 86.213 shall have been established, the board of trustees provided for by sections 86.013 and 86.023 shall be diss…

86.364. Certain sections to terminate, when. — All provisions of this chapter which authorize the granting of additional benefits or compensation to beneficiaries shall terminate upon the issuance of an opinion by the Missouri supreme court which would result in the state of Miss…

86.366. Retired members made special advisors, when — compensation — applicants, processing. — 1. The board of trustees shall by rule adopt a program whereby, in addition to any retirement allowance, or compensation paid or payable under sections 86.200 to 86.366, any retired mem…

86.500. Police may form relief associations. — Any police force organized or existing by authority of the laws of this state in any city having a population of over one hundred thousand inhabitants is hereby authorized and empowered to form a relief association under the general …

86.503. Fund, how created. — This fund shall be created in the following manner: All moneys at present remaining in the hands of any unincorporated police relief committee or association; all moneys arising from the sale of unclaimed personal property; all fines assessed against …

86.510. Definitions. — The following words and phrases as used in sections 86.510 to 86.577, unless a different meaning is plainly required by the context, shall have the following meanings: (1) "Board of police commissioners" shall mean any board of police, board of police commi…

86.511. Pensions to be paid monthly. — Any pension authorized by sections 86.510 to 86.577 shall be paid to the recipient entitled thereto in equal monthly installments. ­­-------- (RSMo 1939 § 9497)

86.513. First class cities may provide pension fund for police department. — Municipal authorities, by ordinance, in all cities of the first class in this state, having an organized police department, or having an organized fire department, may provide for a pension fund for the …

86.517. Board of trustees of policemen's pension fund. — The city treasurer, counselor, city clerk and comptroller, or such other officers exercising such functions while holding such office, and the chief officer of the police department, two delegates at large from the police d…

86.520. Board to have exclusive control and management of funds. — The board shall have exclusive control and management of funds created for the purpose herein and of all moneys donated, paid or received for the relief or pensioning of retired or disabled members of the police d…

86.523. Refund of contributions, when — exceptions. — In the event of resignation or dismissal from the force, any member who has faithfully served at least five years and less than twenty-five years in the department shall receive a refund from the pension fund of all moneys he …

86.527. Board's decision on applications for relief or pension to be final. — Said board shall hear and decide all applications for such relief or pensions under sections 86.510 to 86.577, and its decisions on such applications shall be final and conclusive and not subject to a r…

86.530. Rewards, fees, gifts, shall be paid into pension fund. — All rewards in money, fees, gifts and endowments that may be paid or given for or on account of extraordinary services by said police department or any member thereof, except when permitted by the board of police co…

86.533. Trustees may invest funds in certain bonds. — The said board of trustees shall have power by a majority vote to draw said pension money from the treasury of such city and invest such funds or any part thereof in the name of "Board of Trustees of the Policemen's Pension Fu…

86.537. Trustees shall pay disabled members from pension fund, when. — If any member of the police department of any such city shall, while in the performance of his duty and not otherwise, become and be found upon examination by a medical officer selected by such board and autho…

86.540. Retirement, when, amount — surviving spouse, children under eighteen eligible, when. — 1. Any member of the police department of any such city having served faithfully twenty-five years or more in the department, of which the last three years shall be continuous, may make…

86.543. Pension shall be paid after twenty years of service in certain cases. — If any member of the police department of any such city, who shall have served faithfully twenty years and less than twenty-five years in such department of which the last six years shall be continuou…

86.547. Widow eligible for payments, when. — 1. When a member of the department dies from any cause whatever while a member of the department or after retirement under the provisions of sections 86.510 to 86.577, and leaves a widow surviving, the board of trustees shall pay such …

86.549. Special consultants, eligibility, compensation for. — 1. Any person who, on September 28, 1973, is receiving retirement benefits under the provisions of sections 86.510 to 86.577, upon application to the board of trustees, shall be made, constituted, appointed, and employ…

86.550. Persons ineligible for membership. — On and after the effective date of sections 86.510 to 86.577 no member of the police department thereafter appointed who is over the age of thirty-five years, that is, who has attained his thirty-sixth birthday, and who is unable to pa…

86.553. Payments prorated if money insufficient for full payment. — If at any time there shall not be sufficient money in such pension fund to pay each person the full amount per month as herein provided, then an equal percentage of such monthly payment shall be made to each bene…

86.557. Funeral expenses, when, amount. — Whenever an active or retired policeman shall die as aforesaid, the board of trustees may appropriate from the fund, a sum not exceeding three hundred dollars to his widow or legal heirs for funeral expenses. ­­-------- (RSMo 1939 § 9492,…