Missouri § 285.1030 - No guaranteed interest rate or rate of return — no liability for losses — plan debts and obligations, not state debts and obligations.
Full text of Missouri Revised Statutes of Missouri § 285.1030 — No guaranteed interest rate or rate of return — no liability for losses — plan debts and obligations, not state debts and obligations., with citation guidance and answers to common questions.
§ 285.1030. No guaranteed interest rate or rate of return — no liability for losses — plan debts and obligations, not state debts and obligations.
1. The state of Missouri; the board; each member of the board; any other state official, state board, commission, and agency; any member, officer, and employee thereof; and the plan:
(1) Shall not guarantee any interest rate or other rate of return on or investment performance of any contribution or account balance; and
(2) Shall not be liable or responsible for any loss, deficiency, failure to realize any gain, or any other adverse consequences including, but not limited to, any adverse tax consequences or loss of favorable tax treatment, public assistance, or other benefits, incurred by any person as a result of participating in the plan.
2. The debts, contracts, and obligations of the plan or the board are not the debts, contracts, and obligations of the state, and neither the faith and credit nor the taxing power of the state is pledged directly or indirectly to the payment of the debts, contracts, and obligations of the plan or the board.
3. Nothing in sections 285.1000 to 285.1055 shall be construed to guarantee any interest rate or other rate of return on or investment performance of any contribution or account balance.
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(L. 2023 S.B. 20 merged with S.B. 75)
---- end of effective 28 Aug 2023 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 285.1030
What does Revised Statutes of Missouri § 285.1030 cover?
Section 285.1030 ("No guaranteed interest rate or rate of return — no liability for losses — plan debts and obligations, not state debts and obligations.") 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 § 285.1030?
A common citation format is "Revised Statutes of Missouri § 285.1030" (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 § 285.1030 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.