86.143. Additional contributions. - Missouri Statutes

Additional contributions.

86.143. In addition to the contributions deducted fromcompensation as herein provided, any member may redeposit in theannuity savings fund by a single payment or by an increased rateof contribution an amount equal to the total amount he previouslywithdrew therefrom as provided in sections 86.010 to 86.193 orany part thereof or any member may deposit therein by a singlepayment or by an increased rate of contribution an amountcomputed to be sufficient to purchase an additional annuity whichtogether with his prospective retirement allowance shall providefor him a total retirement allowance of not to exceed one-half ofhis average final compensation at age sixty. Such additionalamounts so contributed shall become a part of his accumulatedcontributions except in the case of ordinary disabilityretirement when they shall be treated as excess contributionsreturnable to the member in cash or as an annuity of equivalentactuarial value. The accumulated contributions of a memberwithdrawn by him or paid to his estate or designated beneficiaryin event of his death shall be paid from the annuity savingsfund. Upon the retirement of a member his accumulatedcontributions shall be transferred from the annuity savings fundto the annuity reserve fund.

(RSMo 1939 § 9471)

Prior revision: 1929 § 8913