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MS HB1080
Bill
Status
2/3/2015
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
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Allows Public Employees' Retirement System (PERS) members with at least two years of continuous state service to purchase creditable service for prior service on boards of trustees of Mississippi public junior or community colleges.
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Members must obtain certification of their board service from the junior or community college district and cannot be receiving retirement credit for that same service from another retirement system or plan.
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Members pay the actuarial cost for each year of board service, calculated based on their compensation at the time they elect to receive the credit.
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Eligibility window is limited to July 1, 2015 through October 1, 2015.
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Effective date is July 1, 2015.
Legislative Description
Retirement; allow purchase of creditable service in PERS for service as junior/community college trustee.
Last Action
Died In Committee
2/3/2015