Mo. Rev. Stat. § 86.359

Retroactive payments to be lump sum with interest, rate.

Last amended: 2006Year: 2026Length: 73 wordsOfficial source
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)
Mo. Rev. Stat. § 86.359: Retroactive payments to be lump sum with interest, rate. | Justis AI