86.1330. Retirement board established, members, duties--funds received, duties--oath of board members required. - Missouri Statutes

Retirement board established, members, duties--funds received,duties--oath of board members required.

86.1330. 1. There shall be a retirement board whose members shallserve without compensation but shall be reimbursed from the pension fundfor any necessary expenses which they may incur for service on the board.The board shall adopt policies for the administration of the affairs of theretirement system. The members of the retirement board for the civilianemployees' retirement system herein enacted shall be the same as themembers of the retirement board for police officers as provided in section86.930 and upon election or appointment as provided in section 86.930,shall be vested with full authority to administer the retirement systemprovided in sections 86.1310 to 86.1640, and shall be vested with fullauthority to do all things necessary and required herein; but all fundsreceived for the administration of the retirement system shall be keptseparately and not commingled with funds included in retirement systemsprovided in sections 86.900 to 86.1280. The members of the retirementsystem provided in sections 86.1310 to 86.1640 and a surviving spousereceiving benefits from the retirement system shall be entitled to vote inthe election of elected members of the retirement board as provided insection 86.930.

2. Each member of the retirement board shall, within ten days afterappointment or election, take an oath of office that such member willdiligently and honestly administer the affairs of such board, and will notknowingly violate or willingly permit to be violated any of the provisionsof the law applicable to the civilian employees' retirement system. Suchoath shall be signed by the member and filed with the clerk of such city.

(L. 2005 H.B. 323)