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Is Amendment 1 about MOSERS' Investments?
Thank you for contacting us to ask about Amendment No. 1 on the November 8th voting ballot. It is relative to “state investments” and is not a provision related to the MOSERS trust fund or our investment program. This provision was passed by the General Assembly in 2021 under HJR 35 to be placed before Missouri voters. This ballot issue would expand authorized investments in which the State Treasurer may invest State treasury funds.
The assets held for paying MOSERS members’ current and future retirement benefits are held in the MOSERS Trust Fund, which is governed by our 11-member Board of Trustees per state statute in Chapter 104. Likewise, this trust fund cannot be co-mingled with any other funds per state statute in Section 105.662, and is separate from State treasury dollars.
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Disclaimer
We strive to provide the most accurate information possible in our answers to Rumor Central questions. However, occasionally, laws, policies or provisions change and individual circumstances may vary. Please contact a MOSERS benefit counselor or see the handbooks in our website Library for more detailed information. If there is any difference between the information provided in this blog or on the MOSERS website and the law or policies that govern MOSERS, the law and policies will prevail. See our Privacy, Security & Legal Notices for more information.