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MS SB2904
Bill
AI Summary
- Allows PERS members who join on or after March 1, 2026, to retire at any age after completing at least 20 years of creditable service as law enforcement officers or firefighters
- Applies an actuarial reduction to benefits for law enforcement officers and firefighters who retire with 20+ years but less than 30 years of total creditable service
- Creates a new retirement pathway specifically for Tier 5 public safety employees (those joining PERS on/after March 1, 2026), who otherwise must work 35 years or reach age 62 with 30 years to retire
- Maintains the existing 1% of average compensation per year of service benefit formula for Tier 5 members, with actuarial reductions based on years below 30 or years below age 65, whichever is less
Legislative Description
PERS Tier 5; reduce creditable service requirement for law enforcement officers and firefighters to retire at any age.
Last Action
Died In Committee
2/3/2026
Committee Referrals
Finance1/19/2026
Full Bill Text
No bill text available