Bill > HB36

This bill appropriates $23,883,545 for the administrative expenses and building maintenance of the Public Employees' Retirement System (PERS) for the fiscal year 2025-2026. The appropriation covers specific areas including $12,997,770 for personal services, with an authorized headcount of 168 permanent employees and one new position in Retirement Benefits. The bill specifies that $3,538,000 is allocated for computer system maintenance, $300,000 for building maintenance and repair, and $2,824,250 for implementing Tier 5 of the retirement system, which appears to involve creating a new defined contribution plan. The legislation also mandates that PERS webcast and record all board and committee meetings (excluding executive sessions) and post archived footage within 48 hours. Additionally, the bill requires the agency to maintain detailed accounting records, follow state personnel board guidelines, and ensure that salary actions do not exceed appropriated funds. The bill includes provisions to give preference to Mississippi Industries for the Blind when purchasing commodities or equipment, and stipulates that funds shall be expended in compliance with state financial regulations, with the appropriation becoming effective on July 1, 2025.

Budget and Finance

https://billstatus.ls.state.ms.us/20251E/pdf/history/HB/HB0036.xml