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MS HB330
Bill
Status
2/2/2010
Primary Sponsor
Becky Currie
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AI Summary
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Amends Section 25-11-103 of the Mississippi Code to exclude the value of maintenance furnished to Public Employees' Retirement System (PERS) members that is not paid in money from earned compensation for retirement purposes.
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Grandfathers maintenance furnished before July 1, 2010, that was not paid in money by allowing it to be included in earned compensation if proper employee and employer contributions have been paid.
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Clarifies that "earned compensation" includes only maintenance that is paid in money, and continues to exclude nontaxable employer-paid health or life insurance premiums.
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Takes effect July 1, 2010.
Legislative Description
Retirement; exclude value of noncash maintenance furnished to PERS members for retirement purposes.
Last Action
Died In Committee
2/2/2010