Section 434.300

Title XXVIII CONTRACTS AND CONTRACTUAL RELATIONS

Chapter 434

Effective - 28 Aug 2014   

  434.300.  Definitions. — For purposes of sections 434.300 to 434.303, the following terms shall mean:

  (1)  "Benefit recipient", the person who is the plan participant or authorized beneficiary under the plan entitled to receive a plan benefit;

  (2)  "Pension assignee", an individual or entity that has been assigned a plan benefit or portions of a plan benefit by the benefit recipient or that otherwise claims an interest in, or control over, a plan benefit or account to which a plan benefit has been deposited.  The term "pension assignee" shall not include an individual who is a designated payee under a division of benefits order;

  (3)  "Plan", any retirement system established by the state of Missouri, any political subdivision, or instrumentality of the state for the purpose of providing plan benefits for elected or appointed public officials or employees of the state of Missouri, any political subdivision, or instrumentality of the state;

  (4)  "Plan benefit", the benefit amount payable from a plan, and includes any annuity, supplemental payment, or death benefit under the plan together with any supplemental payments from public funds to the benefit recipient.

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(L. 2014 H.B. 1217)