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MS HB1482
Bill
Status
1/31/2023
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Allows retired members of the Public Employees' Retirement System (PERS) with 25+ years of service and age 70+ to continue receiving retirement benefits while serving in the Legislature, provided retirement became effective at least 90 days before taking office.
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Allows current Legislature members with 25+ years of PERS service and age 70+ to begin receiving retirement benefits while continuing to serve, without requiring them to leave office.
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Persons receiving retirement benefits while serving in the Legislature may choose between two compensation options: (a) 50% of legislative session compensation if serving no more than half the normal working days per fiscal year, or (b) up to 25% of their average compensation with no time limitations.
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Persons receiving retirement benefits while serving in the Legislature are not considered active PERS members and do not accrue additional creditable service during this period.
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Effective July 1, 2023.
Legislative Description
Legislature; allow certain retired PERS members to receive a retirement allowance while serving as a member of.
Last Action
Died In Committee
1/31/2023