Loading chat...
MS HB1279
Bill
Status
2/1/2022
Primary Sponsor
Earle Banks
Click for details
AI Summary
-
Allows Public Employees' Retirement System (PERS) retirees who are at least 70 years old with 25+ years of creditable service to receive retirement benefits while serving as a state legislator, provided they have been retired for at least 90 consecutive days before taking office
-
Legislators receiving retirement while serving must choose between: (a) 50% of regular session compensation while working no more than half the normal working days per fiscal year, or (b) compensation not exceeding 25% of their average compensation with no limit on working days
-
Persons electing to receive retirement benefits while serving as legislators cannot be active members of PERS or the Supplemental Legislative Retirement Plan and will not earn additional creditable service during their legislative tenure
-
Legislators who choose not to receive retirement benefits while serving remain active contributing members of both PERS and the Supplemental Legislative Retirement Plan and continue earning creditable service
-
Effective date of July 1, 2022
Legislative Description
Legislature; allow certain retired PERS members to receive a retirement allowance while serving as a member of.
Last Action
Died In Committee
2/1/2022