Bill > HB1929

This bill appropriates $21,201,795 from special funds in the State Treasury to the Public Employees' Retirement System for administrative expenses and building maintenance for Fiscal Year 2027. * **Administrative Expenses and Building Operations:** $21,201,795 from the Administrative Expense Account and the Retirement System Building Account of the Public Employees' Retirement System. * **Personal Services (Salaries, Wages, Fringe Benefits, Vacancy Funding):** $12,997,770 from Special Funds, supporting 168 permanent employee positions. This includes $666,820 for vacancy funding. * **Computer System Maintenance, Upgrades, and Operations:** $3,538,000 from funds appropriated in Section 1. * **Building Maintenance and Repair:** $800,000 from funds appropriated in Section 1. * **Implementation of Tier 5 (Defined Contribution Plan):** $164,858 reappropriated from the Capital Expense Fund for costs related to the creation of the Tier 5 plan document, investment lineup, and other aspects. This amount cannot exceed unexpended balances as of June 30, 2026. The bill also includes provisions for the Public Employees' Retirement System to live webcast and record all board and committee meetings (excluding executive sessions) and post them online within 48 hours. Additionally, the Mississippi Industries for the Blind shall be given preference in purchasing commodities or equipment. The act takes effect on July 1, 2026.