Missouri § 50.1060 - Normal annuity, amount, limitation — board to recommend adjustments to formula.
Full text of Missouri Revised Statutes of Missouri § 50.1060 — Normal annuity, amount, limitation — board to recommend adjustments to formula., with citation guidance and answers to common questions.
§ 50.1060. Normal annuity, amount, limitation — board to recommend adjustments to formula.
1. The normal annuity of a retired member who is not a member of LAGERS shall be a monthly benefit equal to the greater of:
(1) Twenty-four dollars multiplied by years of creditable service, up to a maximum of twenty-five years; or
(2) An amount determined according to the formula: the target replacement ratio applicable to the member times the member's average final compensation minus the member's monthly primary Social Security amount and that times the member's years of creditable service, up to a maximum of twenty-five years, divided by twenty-five or ((TRR x AFC) - PSSA) x (CS ÷ by 25).
2. The normal annuity of a retired member who is also a member of LAGERS shall be sixty-six and two-thirds percent of the normal annuity determined pursuant to subsection 1 of this section.
3. As provided in subsection 1 of section 50.1150, the normal annuity of a member shall not be less than the annuity the member had earned as of the day before January 1, 2000, under the terms of the retirement system in effect on that date.
4. The board may recommend to the general assembly adjustments to the formulas described in this section, provided:
(1) The recommended adjustment to the formula is actuarially feasible; and
(2) The adjustment does not reduce the annuity a member had earned as of the date of the adjustment; provided, however, that the provisions of section 50.1010 apply and the board is authorized to apportion benefits if funds are not available to pay accrued benefits.
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(L. 1994 S.B. 579 § 7, A.L. 1999 S.B. 308 & 314 merged with S.B. 467)
Effective 1-01-00
---- end of effective 01 Jan 2000 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 50.1060
What does Revised Statutes of Missouri § 50.1060 cover?
Section 50.1060 ("Normal annuity, amount, limitation — board to recommend adjustments to formula.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 50.1060?
A common citation format is "Revised Statutes of Missouri § 50.1060" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 50.1060 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.