202 of 2017 - Protecting Local Government Retirement and Benefits Act (38.2801 - 38.2812)

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  4. 202 of 2017 - Protecting Local Government Retirement and Benefits Act (38.2801 - 38.2812)

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Section
38.2801

Short Title.

Section
38.2802

Legislature Findings and Declarations.

Section
38.2803

Definitions.

Section
38.2804

Retirement Health Benefit Offered by Local Unit of Government; Requirements; "Summary Retiree Health Care Report" Defined.

Section
38.2805

State Treasurer; Establishment of Uniform Actuarial Assumptions of Retirement Systems; Evaluation System; Review and Oversight of Underfunded Local Unit of Government; Determination; Calculation of Funded Ratios by Local Governmental Unit; Report; Posting on Website.

Section
38.2806

Underfunded Status; Waiver; Duties of State Treasurer if Local Unit of Government Not Granted Waiver.

Section
38.2807

Municipal Stability Board; Creation; Powers, Duties, and Functions; Membership; Appointment by Governor; Qualifications; Terms; Vacancy; Chairperson; Quorum; Meetings; Bylaws; Contract for Professional Services; Travel and Expenses; Ethics Policy; Oath of Office; "Professional Services" Defined.

Section
38.2808

Development of Corrective Action Plan; List of Best Practices and Strategies.

Section
38.2809

Corrective Action Plan; Development and Submission for Approval.

Section
38.2810

Corrective Action Plan; Review and Approval by Board; Inclusion of Corrective Options and Additional Solutions; Disapproval; Notification and Report; Implementation of Plan; Monitor and Certification of Compliance; Contents of Plan.

Section
38.2812

Board as State Board; Members as State Officers; Presumption of Validity; Court Jurisdiction; Department of Treasury as Party.