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MS HB1360
Bill
Status
3/3/2020
Primary Sponsor
Randy Boyd
Click for details
AI Summary
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Persons becoming state legislators or President of the Senate for the first time on or after January 1, 2021, shall not become members of the Supplemental Legislative Retirement Plan.
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Current members of the Supplemental Legislative Retirement Plan who were members before January 1, 2021, shall remain as members until their membership ceases.
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From January 1, 2021, forward, current legislators and the President of the Senate who are plan members shall not earn any additional creditable service under the plan, though service earned before that date is unaffected.
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Employee contributions of 3% and employer contributions from the state legislature shall cease as of December 31, 2020.
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The act takes effect July 1, 2020.
Legislative Description
Supplemental Legislative Retirement Plan; new legislators not members and current members don't earn additional credit.
Last Action
Died In Committee
3/3/2020