104.1039. Reemployment of a retiree, effect on annuity. - Missouri Statutes

Reemployment of a retiree, effect on annuity.

104.1039. If a retiree is employed as an employee by a department,the retiree shall not receive an annuity payment for any calendar month inwhich the retiree is so employed. While reemployed the retiree shall beconsidered to be a new employee with no previous credited service and mustaccrue credited service continuously for at least one year in order toreceive any additional annuity. Such retiree shall receive an additionalannuity in addition to the original annuity, calculated based only on thecredited service and the pay earned by such retiree during reemployment andpaid in accordance with the annuity option originally elected; providedsuch retiree who ceases to receive an annuity pursuant to this sectionshall not receive such additional annuity if such retiree is employed by adepartment in a position that is covered by a state-sponsored definedbenefit retirement plan not created pursuant to this chapter. The originalannuity and any additional annuity shall be paid commencing as of the endof the first month after the month during which the retiree's reemploymentterminates.

(L. 1999 S.B. 308 & 314, A.L. 2001 S.B. 371, A.L. 2002 H.B. 1455, A.L. 2007 S.B. 406)