MS HB1051

Allows vested members of the Public Employees' Retirement System (PERS) to receive up to 10 years of creditable service for work at employers not participating in PERS.

Requires members to have at least 4 years of membership service credit (if joining before July 1, 2007) or 8 years (if joining on or after July 1, 2007) to be eligible.

Members cannot receive or be entitled to receive retirement benefits that include this service from any other public or private retirement plan sponsored by the non-PERS employer.

Members must pay the full actuarial cost of the creditable service as determined by the system's actuary before retirement, with payments allowed in increments of one-quarter year of service.

Effective July 1, 2014.