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Bill > SB2909


MS SB2909

MS SB2909
PERS Tier 5; reduce creditable service requirement for retirement regardless of age from 35 to 30 years.


summary

Introduced
01/19/2026
In Committee
02/12/2026
Crossed Over
02/09/2026
Passed
Dead

Introduced Session

Potential new amendment
2026 Regular Session

Bill Summary

An Act To Amend Section 25-11-111, Mississippi Code Of 1972, To Reduce The Creditable Service Requirement For Retirement Regardless Of Age From 35 Years To 30 Years For Members Of The Public Employees' Retirement System Who Became Members On Or After March 1, 2026; And For Related Purposes.

AI Summary

This bill, effective March 1, 2026, amends the Public Employees' Retirement System (PERS) of Mississippi by reducing the required years of "creditable service" (the total time an employee has worked and contributed to the retirement system) for members who joined PERS on or after March 1, 2026, to retire without regard to their age. Specifically, it lowers this requirement from 35 years of creditable service to 30 years, meaning these future PERS members will be eligible to retire after 30 years of service, regardless of how old they are at that point.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (2)

Last Action

Referred To State Affairs;Appropriations A (on 02/12/2026)

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