Missouri Laws 476.687 – Previous state employment, additional credited service
Any judge as defined in section 476.515 who is actively serving pursuant to this chapter or chapter 56 and has served for at least ten years shall receive additional credited service for previous public employment with the state covered by another retirement plan as defined in section 105.691, if all of the following conditions are met:
(1) Such member has a vested right to receive a retirement benefit from the other retirement plan at the time of application pursuant to this section and is not a retiree under the other retirement plan;
Terms Used In Missouri Laws 476.687
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
(2) The other retirement plan transfers to the system an amount equal to the employee’s account balance under a defined contribution plan or the amount equal to the employee’s pension obligation under a defined benefit plan at the time of transfer to the extent that obligation is funded as of the plan’s most recent actuarial valuation, not to exceed one hundred percent, as determined by the other retirement plan’s actuary using the same assumption used in performing the last regular actuarial valuation of the transferring plan, except that in no event shall the transferred amount be less than the employee’s accumulated contributions on deposit with the transferring plan;
(3) No such credited service remains credited in such other retirement plan;
(4) The member applies for the additional credited service in a manner and form established by the appropriate board.