Collection of Delinquent Payments

PURPOSE: This rule clarifies the procedures to follow when a political subdivision is delinquent in payments to the system. (1) The system will provide each political subdivision with a monthly employer statement of account, which will indicate the remittance due the system from the political subdivision. (2) If any political subdivision fails to make any payment due, as indicated on the employer statement of account, by the twelfth day of the month (or the first business day thereafter if the twelfth day is not a business day), the system shall make the payment due a receivable or shortage on the employer’s statement and notify the political subdivision in writing, which may be sent to the employer electronically or via U.S. Mail. If the political subdivision fails to make any payment due the retirement system for a period of sixty days (60) after the payment becomes due, as set forth above, the retirement system may consider the political subdivision delinquent and seek relief as provided in RSMo section 70.735. AUTHORITY: sections 70.605.21 and 70.735, RSMo 2016.* Original rule filed Oct. 6, 1983, effective Jan. 11, 1984. Amended: Filed May 3, 2019, effective Nov. 30, 2019. *Original authority: 70.605, RSMo 1967, amended 1974, 1992, 2000, 2003, 2013 and 70.735, RSMo 1967, amended 1988.