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Missouri SB 1054 alters retirement provisions and state deferred compensation plans

Original title: Modifies provisions relating to retirement, including Tier 2011 and deferred compensation

Last action · March 9, 2026: Bill Combined w/SCS SBs 1557 & 1054Sponsor: Rusty Black

Introduced
Committee
Floor Vote
Passed
Law

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Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Would Do

Senate Bill 1054 modifies retirement provisions for state employees under the MOSERS and MPERS systems, establishing automatic refunds for unclaimed small balances of non-vested members and introducing mandatory automatic contribution increases for state deferred compensation plans starting July 1, 2027.

Why it matters

Changes how unclaimed retirement contributions of $1,000 or less are treated for non-vested members and gradually increases automatic paycheck deductions for state employee deferred compensation accounts up to 10% unless opted out.

Background
  • The Missouri State Employees' Retirement System (MOSERS) manages pension and retirement benefits for state employees. context
  • The Missouri Department of Transportation and Highway Patrol Retirement System (MPERS) administers retirement benefits specifically for state highway patrol officers and transportation department personnel. context

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Non-vested former members

Their accumulated contributions and interest of $1,000 or less are automatically refunded and treated as abandoned property if locate procedures fail.

Directly affected

State employees

They are subject to automatic annual increases in deferred compensation contribution rates starting July 1, 2027, unless they adjust their contribution rate.

Directly affected

State college and university employees

They are excluded from automatic enrollment in the deferred compensation plan but retain the option to participate voluntarily.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What happens to unclaimed retirement contributions of $1,000 or less for non-vested members?
If reasonable locate procedures fail and the refund is returned to the system, it is presumed to be abandoned property without requiring standard dormancy periods.
How do the automatic increases work for the state deferred compensation plan?
Effective July 1, 2027, the deferral amount increases annually by one-half of one percent on the employee's anniversary date until reaching ten percent of eligible compensation.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Check Your Understanding

1.According to the bill text effective July 1, 2027, what must deferred compensation plans provide regarding participating employees' deferral amounts?

2.According to Senate Bill 1054, what contribution rate does the text require for a member who first becomes an employee on or after January 1, 2011?

Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

5 actions
  1. Mar 9, 2026Senate
    Bill Combined w/SCS SBs 1557 & 1054
  2. Mar 2, 2026Senate
    Hearing Conducted S Local Government, Elections and Pensions Committee
  3. Jan 15, 2026SenateFloor
    Second Read and Referred S Local Government, Elections and Pensions Committee
  4. Jan 7, 2026SenateIntroduced
    S First Read
  5. Dec 1, 2025Senate
    Prefiled

Version history

Only one version on file - nothing to compare yet. The text on record is the 5602S.01I - Introduced version. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift95% confidence

Introduction of Automatic Contribution Escalation

The bill phases in mandatory automatic annual increases for state deferred compensation contributions beginning in 2027, shifting towards progressive savings models.

Connected Entities

Missouri Department of Transportation and Highway Patrol Retirement System, Rusty Black, Missouri State Employees' Retirement System
OrganizationMissouri Department of Transportation and Highway Patrol Retirement System“Administers retirement systems for highway patrol and transportation employees.”Map →
PersonRusty Black“Republican Senator, District 12, who introduced Senate Bill 1054.”Map →
OrganizationMissouri State Employees' Retirement System“Administers state employee retirement and deferred compensation funds.”Map →

Sources

Open source document

www.senate.mo.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy15
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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