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MS HB560
Bill
Status
3/5/2024
Primary Sponsor
Gene Newman
Click for details
AI Summary
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Reduces vesting requirement for law enforcement officers and firefighters in the Public Employees' Retirement System (PERS) to 4 years of service, regardless of when they became members of the system.
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Applies the 4-year vesting requirement to first responders for prior service credit eligibility, prior service certificate issuance, and creditable service calculations under existing PERS provisions.
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Maintains the standard 8-year vesting requirement for all other PERS members who joined on or after July 1, 2007.
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Defines "first responder" by reference to Section 25-15-403, excluding the 10-year service requirement from that definition.
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Effective July 1, 2024.
Legislative Description
PERS; law enforcement officers and firefighters will vest after 4 years of membership regardless of the date they became members.
Last Action
Died In Committee
3/5/2024