WHEREAS, the State of Missouri has two separate retirement systems for state employees with similar benefit provisions; and
WHEREAS, it is in the best interest of the State of Missouri to seek a fiscally responsible solution providing future cost containment and eliminating ineffective duplication of benefit plan administration; and
WHEREAS, Executive Order 05-22, establishing the State Retirement Consolidation Commission ("Commission") was issued on August 26, 2005; and
WHEREAS, the Commission was tasked with analyzing the current benefit structure to ensure that retirement plans are providing financial security in an equitable and cost-effective manner in the best interest of the State of Missouri; and
WHEREAS, the Commission was required to terminate operations on December 31, 2005 and prepare a final report, furnishing clear and concise policy recommendations and legislative proposals for consideration in the second regular session of Ninety-Third General Assembly, and submit it to the Governor by that same date.
WHEREAS, the Co-Chairmen of the Commission have informed me that, in order to provide the required final report, the Commission will need to gather more information and financial data necessitating an extension of the December 31, 2005 deadline to terminate operations and issue the report.
NOW THEREFORE, I, Matt Blunt, Governor of the State of Missouri, by virtue of the authority vested in me by the Constitution and laws of the State of Missouri, hereby extend the deadline for the State Retirement Consolidation Commission to issue its final report and terminate operations to March 1, 2006.
Executive Order 05-22 shall remain effective as to all other provisions not specifically modified herein.
IN WITNESS WHEREOF, I have hereunto set my hand and caused to be affixed the Great Seal of the State of Missouri, in the City of Jefferson, on this 11th day of January, 2006.
[Matt Blunt's signature]
[Robin Carnahan's signature]
Secretary of State