Bill > HB1103

This bill brings forward various sections of the Mississippi Code of 1972 related to the Public Employees' Retirement System (PERS) for potential amendment, aiming to update and clarify provisions concerning retirement benefits, membership eligibility, service credit, disability retirement, death benefits, and investment management. Key changes include adjustments to retirement eligibility ages and service credit requirements for new members joining on or after specific dates, particularly March 1, 2026, which introduces a new tier with a defined contribution plan alongside the traditional defined benefit plan. The bill also modifies rules regarding the calculation of average compensation for retirement, the treatment of unused leave for service credit, and the conditions under which retired members can be reemployed without impacting their retirement benefits, while also clarifying beneficiary designations and the process for handling benefit claims.

Government Affairs

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1103.xml