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MS SB2382
Bill
AI Summary
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Allows persons receiving a Public Employees' Retirement System (PERS) retirement allowance to continue receiving that allowance while serving as a member of the Mississippi Legislature, in addition to their regular legislative compensation
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Legislators who are eligible for PERS retirement may begin receiving retirement benefits while still serving, provided they meet age and/or service requirements that comply with IRS rules on in-service distributions
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Persons receiving retirement while serving in the Legislature shall not be active members of PERS and shall not earn any additional creditable service during that time
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Requires legislators who choose to receive retirement benefits while serving to pay the full employee contribution on their legislative compensation to PERS, though this payment does not earn additional service credit
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Exempts legislators receiving retirement allowances from the standard 90-day post-retirement waiting period and other employment restrictions that typically apply to PERS retirees returning to state service
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Effective date: July 1, 2022
Legislative Description
Legislature; allow PERS retirees to receive retirement allowance while serving as a member of.
Last Action
Died In Committee
2/1/2022