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MS HB899

Bill

Status

Passed

4/11/2016

Primary Sponsor

Mac Huddleston

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Qualified military service now counts for vesting purposes if a member dies during such service, and survivors receive additional benefits the system would provide if the member had resumed employment; differential wage payments during military service count as compensation for annual addition limits

  • Public Employees' Retirement System may conduct on-site compliance audits of employers with at least 5 working days' notice, with penalties of 1% of employer's monthly contribution plus expenses for failure to comply or allow access

  • Creditable service calculations change to monthly increments (from quarterly) for service rendered on or after July 1, 2017, and unused leave calculations shift to monthly increments for members retiring on or after July 1, 2017

  • Disability retirement applications must include "objective medical evidence" (medical signs, laboratory findings, examination reports) and be filed within one year of termination, with approval voided if the member does not terminate state service within 90 days

  • Retirees who marry after retirement now have a one-year deadline from the date of marriage to change from Option 1 to Option 2 or 4-A to provide lifetime benefits for a new spouse

Legislative Description

Public Employees' Retirement System; revise certain provisions regarding the administration of the system.

Last Action

Approved by Governor

4/11/2016

Committee Referrals

Finance3/11/2016
Appropriations2/8/2016

Full Bill Text

No bill text available