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MS HB866
Bill
Status
3/5/2024
Primary Sponsor
Bob Evans
Click for details
AI Summary
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New legislators and new presidents of the Senate elected on or after July 1, 2024, are prohibited from joining the Supplemental Legislative Retirement Plan.
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Current members of the plan who were members before July 1, 2024, remain as members but cease earning additional creditable service for their legislative service after that date.
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Effective July 1, 2024, the State Legislature shall no longer deduct the 3% employee contribution from members' compensation or pay the employer contribution to the plan.
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All prior creditable service earned before July 1, 2024, remains unaffected by these changes.
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The act takes effect July 1, 2024.
Legislative Description
Supplemental Legislative Retirement Plan; new legislators not members and current members do not earn additional credit.
Last Action
Died In Committee
3/5/2024