The contributions allocated to a member in accordance with sections 50.1220 and 50.1230 shall be deposited in a bookkeeping account established on the member's behalf. This account shall be held as part of the funds of the Missouri county employees' retirement fund described in subdivision (13) of section 50.1000 and shall share in the gains and losses of this retirement system. A member's matching account shall be valued as of the last day of each calendar year quarter.
Mo. Rev. Stat. § 50.1240
Bookkeeping account established
Known as the The County Budget Law
The act spans §§ 50–50 (120 sections).
Effective: 01 Jan 2000, see footnote; (L. 1999 S.B. 308 & 314 merged with S.B. 467)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.