Missouri Revised Statutes













Chapter 86

Police Relief and Pension Systems

←86.1350

Section 86.1360.1

86.1370→

August 28, 2015

Administration of assets and transaction of business, board to set policies--rulemaking authority--officers to be elected, employment of staff.

86.1360. 1. Subject to the limitations of sections 86.1310 to 86.1640,

the retirement board shall, from time to time, establish policies for the

administration of its assets, for the transaction of its business and for the

conduct of nominations and elections of the elected members of the retirement

board. The retirement board shall be deemed to be a state agency within the

meaning of chapter 536. Any rule or portion of a rule, as that term is

defined in section 536.010, that is created under the authority delegated in

this section shall become effective only if it complies with and is subject

to all of the provisions of chapter 536 and, if applicable, section 536.028.

This section and chapter 536 are nonseverable and if any of the powers vested

with the general assembly pursuant to chapter 536 to review, to delay the

effective date, or to disapprove and annul a rule are subsequently held

unconstitutional, then the grant of rulemaking authority and any rule

proposed or adopted after August 28, 2005, shall be invalid and void.



2. The retirement board shall elect from its membership a chairman, a

vice chairman, and a treasurer and shall, by majority vote of its members,

appoint a secretary, who may be, but need not be, one of its members. The

offices of secretary and of treasurer shall not be held by the same person.

It may employ such actuarial, legal, and other services as may be necessary

to transact the business of the retirement system. The compensation of all

persons employed by the retirement board and all other expenses of the board

necessary for the operation of the retirement system shall be paid in such

manner as the retirement board shall determine; provided, that the

compensation of such persons as may be employed by the retirement board shall

not be greater than the compensation paid for comparable abilities by the

governments of the cities in which the retirement board is located.



(L. 2005 H.B. 323)







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