105.667. Gain or profit from funds or transactions of plan, prohibited when. - Missouri Statutes

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Statutes > Missouri > T08 > C105 > 105_667

Gain or profit from funds or transactions of plan, prohibited when.

105.667. 1. Any appointing authority, board member, or employeeshall be prohibited from receiving any gain or profit from any funds ortransaction of the plan, except benefits from interest in investmentscommon to all members of the plan, if entitled thereto.

2. Any appointing authority, board member, or employee accepting anypolitical contribution, gratuity, or compensation for the purpose ofinfluencing his or her action with respect to the investment of the fundsof the system shall thereby forfeit his or her office and in additionthereto be subject to the penalties prescribed for bribery.

3. Any trustee, employee, or participant of a plan who pleads guiltyto or is found guilty of a plan-related felony after August 28, 2007, thatis determined by a court of law to have been directly committed inconnection with the member's duties as either a trustee, employee, orparticipant of a plan shall not be eligible to receive any retirementbenefits from the respective plan.

(L. 2007 S.B. 406)

State Codes and Statutes

Statutes > Missouri > T08 > C105 > 105_667

Gain or profit from funds or transactions of plan, prohibited when.

105.667. 1. Any appointing authority, board member, or employeeshall be prohibited from receiving any gain or profit from any funds ortransaction of the plan, except benefits from interest in investmentscommon to all members of the plan, if entitled thereto.

2. Any appointing authority, board member, or employee accepting anypolitical contribution, gratuity, or compensation for the purpose ofinfluencing his or her action with respect to the investment of the fundsof the system shall thereby forfeit his or her office and in additionthereto be subject to the penalties prescribed for bribery.

3. Any trustee, employee, or participant of a plan who pleads guiltyto or is found guilty of a plan-related felony after August 28, 2007, thatis determined by a court of law to have been directly committed inconnection with the member's duties as either a trustee, employee, orparticipant of a plan shall not be eligible to receive any retirementbenefits from the respective plan.

(L. 2007 S.B. 406)

State Codes and Statutes

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State Codes and Statutes

Statutes > Missouri > T08 > C105 > 105_667

Gain or profit from funds or transactions of plan, prohibited when.

105.667. 1. Any appointing authority, board member, or employeeshall be prohibited from receiving any gain or profit from any funds ortransaction of the plan, except benefits from interest in investmentscommon to all members of the plan, if entitled thereto.

2. Any appointing authority, board member, or employee accepting anypolitical contribution, gratuity, or compensation for the purpose ofinfluencing his or her action with respect to the investment of the fundsof the system shall thereby forfeit his or her office and in additionthereto be subject to the penalties prescribed for bribery.

3. Any trustee, employee, or participant of a plan who pleads guiltyto or is found guilty of a plan-related felony after August 28, 2007, thatis determined by a court of law to have been directly committed inconnection with the member's duties as either a trustee, employee, orparticipant of a plan shall not be eligible to receive any retirementbenefits from the respective plan.

(L. 2007 S.B. 406)