Missouri Revised Statutes













Chapter 70

Powers of Political Subdivisions to Cooperate or Contract with Governmental Units

←70.705

Section 70.707.1

70.710→

August 28, 2015

Elimination of member contributions, refunding of, procedure.

70.707. 1. The governing body of any political subdivision, in which

member contributions have been eliminated pursuant to subsection 6 of section

70.705, may, after two or more continuous years without member contributions,

elect by majority vote that accumulated contributions resulting from

employment with such political subdivision be refunded. The clerk or the

secretary of the political subdivision shall certify the election concerning

the refund to the board within ten days after such vote. The board shall

refund the specified accumulated contributions to each member by no later

than the later of:



(1) One hundred eighty days from receipt by the board of the

certification from the clerk or secretary; or



(2) Ninety days from receipt by the board of written application signed

by the member requesting that such accumulated contributions be refunded.



2. If a political subdivision elects to refund member contributions, the

employer contribution requirements provided in section 70.710 shall be

correspondingly changed effective the first day of the month following the

refund election. The limitation on increases in an employer's contribution

provided by subsection 6 of section 70.730 shall not apply to any

contribution increase resulting from an employer's electing to refund member

contributions as provided in this section.



(L. 1987 S.B. 20, A.L. 1992 H.B. 1440)







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