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MS HB17
Bill
Status
2/4/2014
Primary Sponsor
Bob Evans
Click for details
AI Summary
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All persons elected to the Mississippi State Legislature for the first time on or after July 1, 2014, and new Presidents of the Senate are excluded from membership in the Supplemental Legislative Retirement Plan.
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Current members of the plan who served before July 1, 2014, remain as members but stop earning additional creditable service for legislative service after that date.
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Employee contributions of 3% from legislative compensation cease as of July 1, 2014, and the State Legislature stops paying employer contributions to the plan after that date.
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The bill allows the Public Employees' Retirement System Board of Trustees to continue deducting 2% of employer contributions for plan administration expenses through June 30, 2014.
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The act takes effect July 1, 2014.
Legislative Description
Supplemental Legislative Retirement Plan; new legislators not members and current members don't earn additional credit.
Last Action
Died In Committee
2/4/2014