Missouri § 70.676 - Vested employee no longer covered by system may be bought out by lump sum payment, how computed — limitations.
Full text of Missouri Revised Statutes of Missouri § 70.676 — Vested employee no longer covered by system may be bought out by lump sum payment, how computed — limitations., with citation guidance and answers to common questions.
§ 70.676. Vested employee no longer covered by system may be bought out by lump sum payment, how computed — limitations.
In accordance with rules adopted by the board, a former member who is entitled to a deferred allowance pursuant to section 70.675 may elect for the system to pay the reserve value of the deferred allowance if the amount of the former member's credited service is less than ten years and if the former member is not within ten years of his or her minimum service retirement age at the time of payment of the reserve value. The reserve value shall be the actuarial equivalent of the allowance otherwise payable. Any lump sum payment so made shall be a complete discharge of all liability under the system with respect to such allowance.
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(L. 1986 S.B. 420, A.L. 1998 H.B. 1033)
---- end of effective 28 Aug 1998 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 70.676
What does Revised Statutes of Missouri § 70.676 cover?
Section 70.676 ("Vested employee no longer covered by system may be bought out by lump sum payment, how computed — limitations.") 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 § 70.676?
A common citation format is "Revised Statutes of Missouri § 70.676" (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 § 70.676 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.