MS SB2479

Reduces the vesting period for retirement benefits in the Public Employees' Retirement System (PERS) from 8 years to 4 years of membership service credit for all members.

Applies the 4-year vesting requirement uniformly to members regardless of when they joined the system, eliminating the previous distinction between members who joined before July 1, 2007 (4 years) and those who joined on or after that date (8 years).

Updates eligibility requirements across multiple sections of PERS law including provisions for prior service credit, disability retirement, survivor benefits, and refund repayment upon re-entry to state service.

Effective July 1, 2023.