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Is Amendment 1 about MOSERS' Investments?

Oct 20, 2022, 10:58 AM by MOSERS
I saw Amendment 1 on the ballot for November. Does that allow the state legislature to take over MOSERS funds?

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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