SPONSOR: Hovis
COMMITTEE ACTION: Voted "Do Pass" by the Standing Committee on Pensions by a vote of 16 to 0. Voted "Do Pass" by the Standing Committee on Rules-Legislative by a vote of 10 to 0.
This bill modifies the current definition of "earnable compensation" for the St. Louis Police Retirement System. The bill requires that the compensation must not include funds received by a member through a judgment or settlement of a legal action if the funds are intended to retroactively compensate for a salary differential between the member's actual rank and the rank the member claims he or she should have received.
This bill is similar to HB 2288 (2024).
PROPONENTS: Supporters say that the legislation is an effort to address the concern that arose after a lawsuit was filed in St. Louis and the City was required to refund the earnings tax for the employees working remotely outside the City. When the employees received the payout they wanted to apply the money for calculating their salary. If the moneys are not already accounted for in the system it places a huge liability on the system hindering the actuarial determination of the moneys needed in the system.
Testifying in person for the bill were Representative Hovis; St. Louis Police Retirement System.
OPPONENTS: There was no opposition voiced to the committee.
Written testimony has been submitted for this bill. The full written testimony and witnesses testifying online can be found under Testimony on the bill page on the House website.
Statutes affected: