Bill > HB1929

This bill appropriates over $21 million from special funds in the State Treasury to cover the administrative expenses of the Public Employees' Retirement System (PERS) and the maintenance and operation of its building for the fiscal year 2027. Specifically, it allocates $12,997,770 for "Personal Services," which includes salaries, wages, and fringe benefits for employees, with a portion designated as "Vacancy Funding" to fill authorized but unfilled positions. The bill also sets aside $3,538,000 for computer system maintenance and operation, and $300,000 for building maintenance and repair. Additionally, it reappropriates $164,858 from the Capital Expense Fund for the implementation of "Tier 5," a defined contribution plan, and mandates that the PERS Board of Trustees live webcast and record all public meetings, posting them online within 48 hours. The bill also establishes a "Public Employees' Retirement System Building Repair and Maintenance Fund" to collect rental income from the system's building, with any unexpended funds transferred to the administrative budget at year-end. Finally, it emphasizes the importance of maintaining complete accounting and personnel records, adhering to budget limits, and giving preference to the Mississippi Industries for the Blind in purchasing decisions.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1929.xml