Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears bill to codify use of settlement payments in St. Louis police pension calculations
Summary
A Missouri House committee heard testimony on House Bill 147, which would codify an existing St. Louis Police Retirement System practice requiring actuarial adjustment if settlement awards are used in final average salary calculations.
House Bill 147 was presented to the House Pensions Committee on Oct. 12, 2025, to clarify how lump-sum settlement payments are treated when police officers in the St. Louis Police Retirement System seek to apply those payments to their final average salary for pension calculations.
Representative Barry Hovis, who introduced the bill, told the committee the measure would codify an existing board policy that requires an actuary to determine the amount of a settlement that must be contributed to the pension fund before the settlement may be used in a final average salary calculation. "When the city settles that lawsuit ... they come over to us and say, the city gave me the money as if I was a lieutenant. Now you pay me the retirement…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
