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MS SB2721
Bill
AI Summary
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Grants all contributing members of the Supplemental Legislative Retirement Plan on July 1, 2018, a one-time option to withdraw from the plan before September 1, 2018, with accumulated contributions paid to them.
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Allows persons previously serving in the legislature or as President of the Senate who are elected after July 1, 2018, but were not members on that date to withdraw from the plan within 15 days of taking office, with this option being permanent once exercised.
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Permits persons elected to the State Legislature or President of the Senate for the first time after July 1, 2018, to opt out of plan membership entirely within 15 days of taking office, with this option being permanent once exercised.
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Takes effect July 1, 2018.
Legislative Description
SLRP; authorize current members to opt out and give persons elected in the future the option of not becoming members.
Last Action
Died In Committee
1/30/2018