Loading chat...
MS SB2912
Bill
AI Summary
- Authorizes the Mississippi Deferred Compensation Plan and Trust to offer Roth accounts under 26 USC § 402A and other after-tax contribution vehicles permitted by the Internal Revenue Code
- Roth and after-tax contributions will be treated as taxable income to the participant at the time of contribution, rather than at distribution like traditional deferred compensation
- Creates an exception to the existing tax exemption rules so that after-tax contributions are properly included in participants' current income
- Applies to state employees, state agencies, counties, municipalities, and other political subdivisions participating in the deferred compensation program
- Takes effect July 1, 2026
Legislative Description
MS Deferred Compensation; allow Roth and other after-tax accounts.
Last Action
Died In Committee
3/3/2026
Committee Referrals
State Affairs2/6/2026
Finance1/19/2026
Full Bill Text
No bill text available