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MS HB896
Bill
Status
2/2/2021
Primary Sponsor
Bob Evans
Click for details
AI Summary
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Prohibits any person who becomes a member of the Mississippi State Legislature or President of the Senate for the first time on or after July 1, 2021, from joining the Supplemental Legislative Retirement Plan
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Freezes creditable service for existing plan members as of July 1, 2021, meaning current legislators and the President of the Senate cannot earn additional retirement credit after that date
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Eliminates the 3% employee contribution deduction from legislator compensation effective July 1, 2021
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Ends the employer contribution (6-1/3% of annual compensation) paid by the State Legislature into the retirement fund after June 30, 2021
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Existing members who joined the plan before July 1, 2021, retain their membership and previously earned creditable service
Legislative Description
Supplemental Legislative Retirement Plan; new legislators not members and current members do not earn additional credit.
Last Action
Died In Committee
2/2/2021