Mississippi Legislature

1999 Regular Session

House Bill 1174

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Deferred Compensation Program; employers contribute matching funds for participants.

History of Actions:

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

Background Information:

Effective dateJuly 1, 2000
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Principal Author: Perry

Title: AN ACT TO CREATE A NEW SECTION TO BE CODIFIED AS SECTION 25-14-17, MISSISSIPPI CODE OF 1972, TO REQUIRE EMPLOYERS OF EMPLOYEES OF STATE AGENCIES, INSTITUTIONS OF HIGHER LEARNING, COMMUNITY AND JUNIOR COLLEGES AND PUBLIC SCHOOLS TO CONTRIBUTE MATCHING FUNDS OF TWENTY-FIVE DOLLARS PER MONTH FOR QUALIFIED PARTICIPANTS IN THE DEFERRED COMPENSATION PROGRAM, TO ENCOURAGE EMPLOYEE SAVINGS FOR RETIREMENT; TO AUTHORIZE OTHER POLITICAL SUBDIVISIONS TO PARTICIPATE IN THE MATCHING CONTRIBUTION PROGRAM ON THE SAME TERMS AS THE STATE; TO PROVIDE THAT THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM SHALL ADMINISTER AND INVEST THE MATCHING EMPLOYER CONTRIBUTIONS; TO PROVIDE THAT THE MATCHING EMPLOYER CONTRIBUTIONS WILL NOT BE CONSIDERED A PART OF AN EMPLOYEE'S COMPENSATION; 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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