Mo. Code Regs. tit. 16 § 20-2.070
Current through Register Vol. 49, No. 18, September 16, 2024
Section 16 CSR 20-2.070 - Collection of Delinquent PaymentsPURPOSE: The proposed amendment updates the rule to permit electronic means of communication, clarify the timeline for the collection of delinquent payments, and eliminate inconsistencies with 70.735 RSMo, as well as non-substantive language updates and clean-up provisions.
(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 1986.* Original rule filed Oct. 6, 1983, effective Jan. 11 , 1984. Amended by Missouri Register October 1, 2019/Volume 44, Number 19, effective 11/30/2019*Original authority: 70.605, RSMo 1967, amended 1974, 1992 and 2000 and 70.735, RSMo 1967, amended 1988.