Bill > HB1050

This bill amends Mississippi law to allow certain first responders, defined as law enforcement officers, firefighters, and emergency medical services providers, who become members of the Public Employees' Retirement System (PERS) on or after March 1, 2026, to receive their retirement allowance after completing 25 years of service, regardless of their age. This change specifically impacts how "average compensation" is calculated for these individuals and modifies provisions related to creditable service, retirement allowance calculations, death benefits, and refund repayment rules for those joining PERS on or after March 1, 2026, with the exception of these first responders. The bill also introduces a new defined contribution plan for members joining PERS on or after March 1, 2026, who are not first responders, while first responders joining on or after that date will continue to be covered under the existing defined benefit plan with the new 25-year service retirement provision.

Government Affairs

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1050.xml