Title VII — CITIES, TOWNS AND VILLAGES

86.117. Ten percent of fund may be in available cash — how kept. — For the purpose of meeting disbursements for pensions, annuities, and other payments, there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on…

86.1170. Pension benefit after twenty-five years of service or injury in line of duty, when — retirees appointed as consultants to board, when. — 1. Any member who retires after August 28, 2000, who is entitled to a pension benefit under the provisions of sections 86.900 to 86.12…

86.1180. Permanent disability caused by performance of duty, retirement by board of police commissioners permitted — base pension amount — certification of disability. — 1. Any member in active service who is permanently unable to perform the full and unrestricted duties of a pol…

86.1190. Workers' compensation benefit payments, offset against retirement benefits, exceptions — 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' compensa…

86.120. Trustees and employees not to be interested personally 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 as such receive any pay …

86.1200. Permanent disability not caused by performance of duty, ten years of creditable service, retirement permitted — base pension amount — certification of disability. — 1. Any member in active service who has completed ten or more years of creditable service and who has beco…

86.1210. Partial lump sum option plan distribution authorized. — 1. Any member in active service entitled to commence a pension under subsection 1 of section 86.1150 or subsection 1 of section 86.1151 may elect an optional distribution under the partial lump sum option plan provi…

86.1220. Cost-of-living adjustments in addition to base pension. — 1. Provided that the retirement system shall remain actuarially sound, each of the following persons may receive, in addition to such person's base pension, a cost-of-living adjustment in an amount not to exceed t…

86.123. Method of financing. — All the assets of the retirement system shall be credited according to the purpose for which they are held to one of five funds; namely, the annuity savings fund, the annuity reserve fund, the pension accumulation fund, the pension reserve fund and …

86.1230. Supplemental retirement benefits, Tier I members, amount — member to be special consultant, compensation. — 1. Any Tier I member who retires subsequent to August 28, 1991, with entitlement to a pension under sections 86.900 to 86.1280, shall receive, in addition to such …

86.1231. Supplemental retirement benefits, Tier II members, amount — member to be a special consultant, compensation. — Any Tier II member who retires with entitlement to a pension under sections 86.900 to 86.1280, shall receive, in addition to such member's base pension and cost…

86.1240. Pensions of spouses of deceased members — surviving spouse to be appointed as consultant to board, when. — 1. Upon receipt of the proper proofs of death of a member in service for any reason whatsoever, there shall be paid to such member's surviving spouse, if any, in ad…

86.1250. Pensions of children of deceased members. — 1. (1) Upon the death of a member in service or after retirement, such member's child or children under the age of eighteen years at the time of the member's death shall be paid fifty dollars per month each until he or she shal…

86.1260. Pensions of spouse and children of member who died in performance of duty. — 1. Upon the receipt of the proper proof that the death of a member in service was the natural and proximate result of an event occurring within the performance of duty or of an occupational dise…

86.127. Annuity savings fund. — The annuity savings fund shall be the fund in which shall be accumulated contributions from the compensation of the members to provide for their annuities. Upon the basis of such tables as the board of trustees shall adopt, and regular interest, th…

86.1270. Retirement plan deemed qualified plan under federal law — board to administer plan as a qualified plan — vesting of benefits — distributions. — 1. A retirement plan under sections 86.900 to 86.1280 is a qualified plan under the provisions of applicable federal law. The b…

86.1280. Early retirement incentives, effect of. — 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 who are eligible but hav…

86.130. Rates of contribution. — Subject to the provisions of sections 86.010 to 86.193 as to the certification of rates of contribution payable by members until the first valuation, the rates of contribution payable by members according to their ages at becoming members shall be…

86.1310. Definitions. — The following words and phrases as used in sections 86.1310 to 86.1640 shall have the following meanings unless a different meaning is plainly required by the context: (1) "Accumulated contributions", the sum of all amounts deducted from the compensation o…

86.1320. System established — continuation of system after population increase, when — name of system. — In all cities that now have or may hereafter attain a population of more than three hundred thousand and less than seven hundred thousand inhabitants according to the last pre…

86.133. Proportionate amount to be deducted from each payroll. — The proportion so computed for a person age fifty-nine shall be applied to a member who attains a greater age before he becomes a member. The board of trustees shall certify to the board of police commissioners and …

86.1330. Retirement board established, members, duties — funds received, duties — oath of board members required. — 1. There shall be a retirement board whose members shall serve without compensation but shall be reimbursed from the pension fund for any necessary expenses which t…

86.1350. Voting by board, votes necessary to pass a motion. — Each member of the retirement board shall be entitled to one vote in the decisions of the board. Five votes or more in favor shall be necessary to pass a motion by the retirement board at any meeting of the board. ­­--…

86.1360. Administration of assets and transaction of business, board to set policies — rulemaking authority — officers to be elected, employment of staff. — 1. Subject to the limitations of sections 86.1310 to 86.1640, the retirement board shall, from time to time, establish poli…

86.137. Factors in determining deductions. — In determining the amount earnable by a member in any payroll period, the board of trustees may consider the rate of annual compensation payable to such member on the first day of the payroll period as continuing throughout such payrol…

86.1370. Data to be maintained by board — annual statement required — actuarial study and calculation required — medical board to be appointed — seal to be adopted. — 1. The retirement board shall keep in convenient form such data as is necessary for administration of the retirem…

86.1380. Certification by the board to the city for amount to be paid to the retirement system. — The retirement board shall before October fifteenth of each year certify to the chief financial officer of such city the amount to be paid by the city to the retirement pension syste…

86.1390. Contributions to retirement system by cities, amount. — The cities specified in sections 86.1310 to 86.1640 shall contribute to the retirement pension system such an amount as may be necessary to pay the pensions as they accrue from year to year, and such additional amou…

86.140. Members deemed to consent to deductions — payable into annuity savings fund. — The deductions provided for herein shall be made notwithstanding that the minimum compensation provided by law for any member shall be reduced thereby. Every member shall be deemed to consent t…

86.1400. Employee contributions to be deducted from compensation — payment by board of police commissioners. — The board of police commissioners shall cause to be deducted from the compensation of each member until retirement a percentage of such member's compensation, which shal…

86.1410. Board to be trustee of funds — powers and duties. — 1. The retirement board shall act as trustee of the funds created by or collected under the provisions of sections 86.1310 to 86.1640. With appropriate safeguards against loss by the retirement system, the board may des…

86.1420. Benefits and administrative expenses to be paid by system funds — commencement of base pension, when — death of member, effect of. — 1. All benefits and all necessary administrative expenses of the retirement system shall be paid from the funds of the retirement system. …

86.143. Additional contributions. — In addition to the contributions deducted from compensation as herein provided, any member may redeposit in the annuity savings fund by a single payment or by an increased rate of contribution an amount equal to the total amount he previously w…

86.1430. Retirement benefits not subject to execution, garnishment, or attachment — exceptions — funds exempt from taxation. — The right of any person to pension or pensions, to the return of contributions, disability or death benefits, or any other right accrued or accruing to a…

86.1440. Criminal liability not limited by statutory provisions — correction of benefit errors by the board. — Nothing contained in sections 86.1310 to 86.1640 shall in any way limit the criminal liability of any person subject to prosecution under any law which is now or may her…

86.1450. Board may sue and be sued — service of process, procedure. — 1. The retirement board may sue and be sued in its own name. Such suits shall constitute suits by or against the members of the retirement board in their representative capacities and not as individuals. 2. Ser…

86.1460. Findings of board final and conclusive — judicial review. — 1. In any hearing conducted by the retirement board, the board's findings on all issues of fact shall be final and conclusive upon all parties concerned, when such findings are supported by competent and substan…

86.147. Annuity reserve fund. — The annuity reserve fund shall be the fund from which shall be paid all annuities and all benefits in lieu of annuities payable as provided in sections 86.010 to 86.193. Should a beneficiary retired on account of disability be restored to active se…

86.1470. Board may purchase liability insurance — indemnification, when. — 1. The retirement board may purchase with retirement system assets from one or more insurers licensed to do business in this state one or more insurance policies that provide for reimbursement of the retir…

86.1480. Who shall be members. — 1. Every person who becomes an employee, as defined in subdivision (9) of section 86.1310, after August 28, 2001, shall become a member of the retirement system defined in sections 86.1310 to 86.1640 as a condition of such employment. 2. Every per…

86.1490. Creditable service, determination of — inclusions and exclusions. — 1. The retirement board shall fix and determine by proper rules and regulations how much service in any year is equivalent to one year of service. In no case shall more than one year of service be credit…

86.150. Pension accumulation fund. — The pension accumulation fund shall be the fund in which shall be accumulated all reserves for the payment of all pensions and other benefits payable from contributions made by the said cities and from which shall be paid all pensions and othe…

86.1500. Military service, effect on creditable service — election to purchase creditable service, when — service credit for military service, when. — 1. Whenever a member is given a leave of absence for military service and returns to employment after discharge from the service,…

86.1510. Members entitled to prior creditable service, when. — Members who terminate membership with three years or more of creditable service and later return to membership may be given credit toward retirement for prior creditable service, subject to the condition that such mem…

86.1520. Duration of membership. — Each person who becomes a member of the civilian employees' retirement system under the provisions of sections 86.1310 to 86.1640 shall remain a member until the earliest to occur of the following events: (1) The termination of service of such p…

86.153. Contributions to and payments from such fund. — Contributions to and payments from the pension accumulation fund shall be as follows: On account of each member there shall be paid annually into the pension accumulation fund by the said cities an amount equal to a certain …

86.1530. Normal retirement dates. — The normal retirement date of a member shall be the later of: (1) Tier I member - the date such member attains the age of sixty-five years, or the tenth anniversary of such member's employment; or (2) Tier II member - the date such member attai…

86.1540. Normal pension, amount — early retirement option, when — election for optional benefit for spouse — pension after five years of creditable service — felony conviction, effect of. — 1. (1) Upon retirement on or after a member's normal retirement date, such member shall re…

86.1550. Termination of employment prior to five years of creditable service, lump-sum payment. — Whenever a member's service is terminated for any reason prior to death or retirement and such member has less than five years of creditable service, or a member's service is termina…

86.1560. Disability retirement pension, amount — definitions — board to determine disability, proof may be required. — 1. A member in active service who becomes totally and permanently disabled, as defined in this section, shall be entitled to retire and to receive a base pension…