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MS HB1426
Bill
Status
3/6/2012
Primary Sponsor
Alex Monsour
Click for details
AI Summary
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Requires retired members of the Public Employees' Retirement System (PERS) who work after retirement to pay the full employee contribution on compensation received for that employment.
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Specifies that retirees paying employee contributions shall not receive any additional creditable service in the retirement system as a result of these payments.
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Applies to retirees employed as employees or contractual employees under subsection (4) provisions (limited to half-time work or 25% of average compensation).
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Does not apply to retirees working as true independent contractors as defined by the board through regulation.
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Effective July 1, 2012.
Legislative Description
PERS; require retirees working after retirement to pay employee's contributions on their compensation received.
Last Action
Died In Committee
3/6/2012