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Bill > SB2905


MS SB2905

MS SB2905
Legislature; allow PERS retirees to receive retirement allowance while serving as a member of.


summary

Introduced
01/19/2026
In Committee
01/19/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 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 individuals who are already receiving retirement benefits from the Public Employees' Retirement System (PERS) to also receive their legislative salary if they are elected to the Mississippi Legislature after retiring, and it permits current legislators who are eligible for PERS retirement to receive their retirement allowance while still serving. Importantly, these individuals will not accrue additional service credit in the PERS system for the time they are receiving both their retirement allowance and legislative salary, and they will not be considered active members of PERS during this period. The bill also requires these individuals to pay the full employee's contribution amount on their legislative compensation, but this payment will not earn them any further creditable service. These changes are intended to conform existing laws to this new provision and clarify the rules for retirees serving in the legislature.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

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