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Missouri · 2026 Regular Session · Bill

SB 1559: Modifies provisions relating to deferred compensation for state employees

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 1559 is a bill introduced in the Missouri Senate on January 14, 2026. According to its official title, it concerns: Modifies provisions relating to deferred compensation for state employees. Primary sponsor: Mike Henderson (Republican). Most recent recorded action (February 5, 2026): Second Read and Referred S Local Government, Elections and Pensions Committee.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

SB 1559 - This act provides that the election to defer compensation by the employees of the state of Missouri shall be made at the beginning of the payroll period, rather than the month, for which the compensation is paid and contributions shall begin on the pay period beginning after such election. Beginning July 1, 2027, this act provides that the deferred compensation plan shall provide for automatic increases for certain employees participating or eligible to participate in the deferred compensation plan. The increase shall commence with the first payroll period following the employee's one year anniversary date of employment or re-employment with the state, whichever is later. The deferral amount shall increase annually by .5% until the amount reaches 10% of compensation or the limitation imposed under federal law, whichever is less. Employees who are automatically increased may elect to change the contribution rate in accordance with the terms of the plan. This act is identical to a provision in SCS/SBs 1557 & 1054 (2026). KATIE O'BRIEN

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Mike HendersonPrimary sponsorRepublicanSenate3

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Second Read and Referred S Local Government, Elections and Pensions Committee
  2. S First Read

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source