MS SB2863

Allows the Mississippi Deferred Compensation Plan and Trust to offer Roth accounts pursuant to 26 USC § 402A and other after-tax contribution vehicles permitted under the Internal Revenue Code.

Treats participant Roth or after-tax contributions as includable in the participant's income at the time the compensation would have been received if no deferral election was made.

Requires the Mississippi Deferred Compensation Plan and Trust to comply with qualified domestic relations orders, allowing immediate distributions to alternate payees as defined under 26 USC § 414(p).

Directs the plan administrator to establish written procedures to determine if orders qualify as domestic relations orders and to administer benefit distributions accordingly.

Effective date is July 1, 2025.