Modifies provisions relating to pensions

This bill establishes the Missouri Local Government Employees' Retirement System to manage pensions for officers, employees, and their dependents across various political subdivisions. It creates a seven-member board of trustees composed of representatives elected by current members, governing bodies of employers, and an appointee from the governor, with specific rules regarding eligibility and term limits. The legislation also outlines procedures for trustee elections, vacancy filling, and voting requirements to ensure the system operates under a balanced governance structure.