Modifies provisions relating to public employee retirement benefits

HB 1655 modifies Missouri's public employee retirement system rules. It establishes a 10-year limit for correcting benefit errors (except in fraud cases), requires systems to recover overpayments, and imposes fines or imprisonment for fraud. The bill also stops survivor benefits for those convicted of intentionally killing a member, resumes payments if not convicted, and allows deferred annuity members to elect a lump sum payment (with a deadline of January 1, 2027). Additionally, it prohibits retirement systems from using funds for political activities. These changes directly affect current and former state employees, their survivors, and the retirement system boards.