86.013. Name and date of establishment of pension system--exception for systems established under other provisions.
Name and date of establishment of pension system--exception forsystems established under other provisions.
86.013. In all cities of this state that now have or mayhereafter attain a population of five hundred thousand or more,there are hereby created and established retirement or pensionsystems for the purpose of providing retirement allowances forpolicemen of such cities; except that, any city which establishesa police retirement system under any other provisions of thischapter prior to attaining a population of five hundred thousandor more, may elect to continue its police retirement system undersuch other provisions of this chapter, and the provisions ofsections 86.010 to 86.193 shall not apply to any city which makessuch election. Each such system shall be under the management ofa board of trustees herein described and shall be known as "ThePolice Retirement System of ..... (name of city)" and by suchname all of its business shall be transacted, all of its fundsinvested, and all of its cash and securities and other propertyheld. The retirement systems so created shall begin operation asof the first day of October, 1929.
(RSMo 1939 § 9465, A.L. 1985 S.B. 337, et al.)Prior revision: 1929 § 8907