Modifies provisions relating to the board of trustees for the Missouri Local Government Employees' Retirement System (LAGERS)

HB 559 modifies the governance of Missouri's Local Government Employees' Retirement System (LAGERS) by changing how one board trustee position is filled. Starting January 1, 2026, the trustee position currently elected by employer governing bodies will instead be elected by retirees (retirants) of the system. The bill also updates eligibility rules, term lengths, and election procedures to maintain balanced representation from employees, employers, and retirees on the seven-member board.