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MS HB1438
Bill
Status
2/5/2019
Primary Sponsor
Bob Evans
Click for details
AI Summary
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Persons who become state legislators or President of the Senate for the first time on or after July 1, 2019, shall not become members of the Supplemental Legislative Retirement Plan.
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Current members of the plan who were members before July 1, 2019, remain as members but shall not earn any additional creditable service as legislators or President of the Senate after July 1, 2019.
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Effective July 1, 2019, state legislators and the President of the Senate shall no longer pay 3% employee contributions to the plan.
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Effective July 1, 2019, the State Legislature shall no longer pay employer contributions (normal contributions and accrued liability contributions) to the plan for members.
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The act takes effect July 1, 2019.
Legislative Description
Supplemental Legislative Retirement Plan; new legislators not members and current members don't earn additional credit.
Last Action
Died In Committee
2/5/2019