Mississippi Legislature

1999 Regular Session

House Bill 1119

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Retirement; remove actuarial reduction of retirement allowances of certain retired PERS members.

History of Actions:

101/18/99(H)Referred To Appropriations
202/02/99(H)Died In Committee

Background Information:

Effective dateJuly 1, 1999
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Principal Author: Comans

Code Section: A 025-0011-0111

Title: AN ACT TO AMEND SECTION 25-11-111, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT CERTAIN RETIRED MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM, WHOSE RETIREMENT ALLOWANCES WERE REDUCED BY AN ACTUARIAL EQUIVALENT FACTOR FOR EACH YEAR OF SERVICE BELOW 30 YEARS OF CREDITABLE SERVICE, SHALL HAVE THEIR RETIREMENT ALLOWANCES RECALCULATED WITHOUT THE REDUCTION AND SHALL RECEIVE THE AMOUNT OF THE RECALCULATED RETIREMENT ALLOWANCES BEGINNING ON JULY 1, 1999; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/02/99 at 17:07.



End Of Document

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