Mo. Rev. Stat. § 86.359
This is the official text of Mo. Rev. Stat. § 86.359, part of Missouri’s Rev. Stat — part of the compiled statutory law of Missouri, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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86.359 Retroactive payments to be lump sum with interest, rate.
Official statutory text
86.359. Retroactive payments to be lump sum with interest, rate. — If a retroactive payment is made to a member, surviving spouse, dependent child, or other beneficiary under sections 86.200 to 86.366 for any reason, a lump sum equal to the sum of the retroactive monthly payments, plus interest, shall be paid. For this purpose, interest shall be credited at the rate of six percent annum , compounded annually.
(L. 2006 S.B. 871)
(L. 2006 S.B. 871)
Status: in_force · Read it on the official government site
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