Road Sign and Pension Legislation – March 3, 2017

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Road Sign Legislation

Senator Romine’s bill, SB 355, got its hearing this week. The bill was originally scheduled to be heard last week, but the committee did not get to it in time. If passed, the bill would mandate that 2-year colleges would qualify for the same road signs as 4-year institutions. Recently, the Missouri Department of Transportation stopped offering larger green road signs to 2-year institutions. Instead, community colleges were only allowed to purchase smaller signs like those displayed for restaurants and gas stations. 4-year universities, however, were allowed to purchase larger stand-alone signs. MCCA has been working to ensure that MoDOT applies sign regulations fairly to all higher education institutions.

Divorced? You may have more time to identify your retirement beneficiaries

HB 304, sponsored by Rep. Pike allows certain retired members of PSRS/PEERS to have the retirement allowance increased to the single life annuity amount, with no survivor benefits, if the member and his or her spouse become divorced on or after September 1, 2017. Currently, a retired member of PSRS/PEERS has 90 days from the date of remarriage to nominate a successor beneficiary. HB 304 would extend the deadline to one year for individuals who become divorced on or after September 1, 2017. HB 304 was passed by Consent and House Procedure this week.