Mo. Rev. Stat. » Chapter 104
Missouri Revised Statutes

Mo. Rev. Stat. § 104.500 (2026)

Powers and duties of board

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  104.500.  Powers and duties of board — conflict of interest of members or employees prohibited. — 1.  The general administration of, and responsibility for, the proper operation of the system are hereby vested in a board of trustees.

  2.  Subject to the limitations of law, the board shall formulate and adopt rules and regulations for the government of its own proceedings and for the administration of the system, and its decisions as to all questions of fact shall be final and conclusive on all persons except for the right of review as provided by law and except for fraud or such gross mistake of fact as to have an effect equivalent to fraud.

  3.  The accounts and records of any department shall be open to inspection by the board of trustees and its employees for the purpose of obtaining information necessary in the performance of the duties of said board under sections 104.010 and 104.320 to 104.800.

  4.  The board shall have the power to subpoena witnesses or obtain the production of records when necessary for the performance of its duties.

  5.  Subject to the provisions of the constitution and sections 104.010 and 104.320 to 104.800, the board of trustees shall have exclusive jurisdiction and control over the funds and property of the system and may employ and fix the compensation of necessary employees.

  6.  No trustee or employee of the system shall receive any gain or profit from any funds or transaction of the system, except benefits from interest in investments common to all members, if entitled thereto.

  7.  Any trustee or employee accepting any gratuity or compensation for the purpose of influencing his action with respect to the investment of the funds of the system shall thereby forfeit his office and in addition thereto be subject to the penalties prescribed for bribery.

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(L. 1957 p. 706 § 7,  A.L. 1981 H.B. 835, et al., A.L. 1984 H.B. 1370, A.L. 1988 H.B. 1643 & 1399)

Notes of Decisions
Cited in 4 cases, 1981–1999 · leading case: Pulitzer Publ'g Co. v. Missouri State Employees' Ret. Sys., 927 S.W.2d 477 (Mo. Ct. App. 1996).
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Pulitzer Publ'g Co. v. Missouri State Employees' Ret. Sys., 927 S.W.2d 477 (Mo. Ct. App. 1996). · cites it 4× “Section 104.500 vests the general administration and responsibility for operation of the Missouri State Employees' Retirement System in a board of trustees.”
Russell v. Missouri State Employees' Ret. Sys., 4 S.W.3d 554 (Mo. Ct. App. 1999). “§ 104.500. Respondent is a retired judge whose retirement benefits are administered by MOSERS, under the authority cited supra.”
Crain v. Missouri State Employees' Ret. Sys., 613 S.W.2d 912 (Mo. Ct. App. 1981). “Under § 104.500 the general administration of, and responsibility for, the proper operation of the system are vested in the board of trustees.”
Crain v. Mo. State Employees'Ret. Sys., 613 S.W.2d 912 (Mo. Ct. App. 1981). “Under § 104.500 the general administration of, and responsibility for, the proper operation of the system are vested in the board of trustees.”
Mo. Rev. Stat. § 104.500(2): 1 case
Pulitzer Publ'g Co. v. Missouri State Employees' Ret. Sys., 927 S.W.2d 477 (Mo. Ct. App. 1996). “Section 104.500 vests the general administration and responsibility for operation of the Missouri State Employees' Retirement System in a board of trustees.”
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