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SB1258 • 2026

Modifies the retirement allowance multiplier for certain members of the Public School Retirement System

Modifies the retirement allowance multiplier for certain members of the Public School Retirement System

Education
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Nurrenbern, Maggie; House handler: N/A
Last action
2026-01-27
Official status
Second Read and Referred S Local Government, Elections and Pensions Committee
Effective date
2026-08-28

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-01-27 S240

    Second Read and Referred S Local Government, Elections and Pensions Committee

  2. 2026-01-07 S75

    S First Read

  3. 2025-12-01 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SB 1258 - Current law provides that the normal retirement allowance multiplier for a member of the Public School Retirement System of Missouri is 2.5% of the member's final average salary for each year of the membership service, except if the member has 32 years or more of service, then the multiplier shall be 2.55%. This act provides that for those members with 33 years of service or more the multiplier factor shall be 2.6%.

This act is substantially similar to SB 474 (2025) and SCS/SB 877 (2024), a provision in the perfected SS/SB 898 (2024), and in SCS/HCS/HB 2431 (2024) and is similar to SB 556 (2023).
KATIE O’BRIEN