Treasurer Zweifel’s top legislative priority signed into law, Missouri becomes first state in the nation to prohibit pension advances
Treasurer Zweifel’s top legislative priority, House Bill 1217, has been signed into law by Governor Nixon and officially makes Missouri the first state in the nation to protect public employees’ retirement security by prohibiting pension advances. This issue has received national attention including consumer alerts from the
CFPB,
FTC and
GAO. Treasurer Zweifel is leading by example to create public policy that protects Missourians against these predatory businesses. To learn more about the new law, read the release
here. Treasurer Zweifel is asking anyone who has been approached with these offers to report them on his
Pension Advance Portal.