Missouri § 50.1031 - Benefit adjustments, required assets-to-liability ratio — frequency of adjustments — effective date of adjustments.
Full text of Missouri Revised Statutes of Missouri § 50.1031 — Benefit adjustments, required assets-to-liability ratio — frequency of adjustments — effective date of adjustments., with citation guidance and answers to common questions.
§ 50.1031. Benefit adjustments, required assets-to-liability ratio — frequency of adjustments — effective date of adjustments.
1. No adjustments may be made until the fund has achieved a funded ratio of assets to the actuarial accrued liability equaling at least eighty percent. No benefit adjustment shall be adopted which causes the funded ratio to fall more than five percent.
2. Adjustments may be made no more frequently than once every twelve months.
3. Any adjustment or combination of adjustments within a twelve-month period may increase the actuarially determined, normally required annual contribution as a percentage of payroll no more than one percent.
4. Adjustments, other than those in subdivision (3) of subsection 9 of section 50.1030, will apply only with respect to active employees on the effective date of any adjustment.
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(L. 2005 H.B. 58 merged with S.B. 210)
---- end of effective 28 Aug 2005 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 50.1031
What does Revised Statutes of Missouri § 50.1031 cover?
Section 50.1031 ("Benefit adjustments, required assets-to-liability ratio — frequency of adjustments — effective date of adjustments.") 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 § 50.1031?
A common citation format is "Revised Statutes of Missouri § 50.1031" (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 § 50.1031 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.