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Bill > SB2448
MS SB2448
MS SB2448Legislature; allow PERS retirees to receive retirement allowance while serving as a member of.
summary
Introduced
01/20/2025
01/20/2025
In Committee
01/20/2025
01/20/2025
Crossed Over
Passed
Dead
02/04/2025
02/04/2025
Introduced Session
2025 Regular Session
Bill Summary
An Act To Create New Section 25-11-126.1, Mississippi Code Of 1972, To Provide That Persons Who Are Receiving A Retirement Allowance From The Public Employees' Retirement System Who Are Elected As A Member Of The Legislature After Retirement, And Members Of The Legislature Who Are Eligible To Receive A Retirement Allowance From The Public Employees' Retirement System While Serving As A Member Of The Legislature, May Receive A Retirement Allowance From The System While Serving As A Member Of The Legislature In Addition To Receiving The Regular Compensation For Members Of The Legislature; To Provide That Those Persons Shall Not Be Active Members Of The Retirement System And Shall Not Receive Any Creditable Service For The Period During Which They Receive A Retirement Allowance While Serving As A Member Of The Legislature; To Amend Section 25-11-105, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; To Amend Section 25-11-127, Mississippi Code Of 1972, To Require Those Persons To Pay The Full Amount Of The Employee's Contributions On The Amount Of Compensation Received For Serving As A Member Of The Legislature; To Provide That Those Persons Will Not Receive Any Additional Creditable Service In The Retirement System As A Result Of The Payment Of The Employee's Contribution; And For Related Purposes.
AI Summary
This bill allows public employees who are receiving a retirement allowance from the Public Employees' Retirement System (PERS) to continue receiving their retirement benefits while serving as a member of the Mississippi Legislature, in addition to receiving their regular legislative compensation. The bill creates a new section of law that permits two scenarios: (1) a PERS retiree who is elected to the Legislature after retirement can choose to continue receiving their retirement allowance, and (2) a current legislator who is eligible for a PERS retirement allowance can choose to receive that allowance while serving. Importantly, individuals who choose this option will not be considered active members of the retirement system and will not earn additional creditable service during their legislative service. Those who opt to receive their retirement allowance must notify the system's executive director and will be required to pay the full employee contribution on their legislative compensation. The bill also amends existing statutes to conform to these new provisions and will take effect on July 1, 2025, providing a pathway for retired public employees to serve in the Legislature without sacrificing their retirement income.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2448.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2025/html/SB/2400-2499/SB2448IN.htm |
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