Description: Retirement allowance; state officials and employees with 40 years' service may receive if waive salary.
History of Actions:
|1||01/15/99||(H)||Referred To Appropriations|
|2||02/02/99||(H)||Died In Committee|
|Effective date||July 1, 1999|
|Deadline||General Bill/Constitutional Amendment|
|3/5ths vote required||No|
Principal Author: Walker
Additional Authors: Henderson (9th), Perry, Scott (17th), Thornton, Young
Code Section: A 025-0011-0127
Title: AN ACT TO AMEND SECTION 25-11-127, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY MEMBER OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHO HAS 40 OR MORE YEARS OF CREDITABLE SERVICE REGARDLESS OF AGE MAY CONTINUE IN STATE OFFICE OR EMPLOYMENT, OR BE REEMPLOYED IN A STATE OFFICE OR POSITION, OR BE ELECTED TO A STATE OFFICE, AND RECEIVE THE RETIREMENT ALLOWANCE IN LIEU OF THE SALARY OR COMPENSATION FOR THE OFFICE OR POSITION; AND FOR RELATED PURPOSES.
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