Bill Text | History of Actions | Background | Title |
Description: Retirement Systems; allow credit for certain service interrupted by qualified military service and certain other revisions.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/18 (S) Title Suff Do Pass Comm Sub | |
| 3 | 02/01 (S) Committee Substitute Adopted | |
| 4 | 02/01 (S) Passed | |
| 5 | 02/02 (S) Transmitted To House | |
| 6 | 02/08 (H) Referred To Appropriations | |
| 7 | 02/21 (H) Title Suff Do Pass | |
| 8 | 02/22 (H) Passed | |
| 9 | 02/22 (H) Motion to Reconsider Entered | |
| 10 | 03/06 (H) Motion to Reconsider Tabled | |
| 11 | 03/06 (H) Transmitted To Senate | |
| 12 | 03/08 (H) Enrolled Bill Signed | |
| 13 | 03/08 (S) Enrolled Bill Signed | |
| 14 | 03/14 Approved by Governor |
| Effective date | July 1, 2001 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 438 |
Senate Committee:
House Committee:
Principal Author: Minor
Additional Author: Thames
Code Sections: A 025-0011-0109, A 025-0011-0117, A 025-0011-0133, A 025-0013-0007, A 025-0013-0009, A 025-0013-0017, A 025-0013-0021, A 025-0013-0033, A 021-0029-0301, A 021-0029-0305, A 021-0029-0317
Title: AN ACT TO AMEND SECTIONS 25-11-109, 25-11-117, 25-11-133, 25-13-7, 25-13-9, 25-13-17, 25-13-21, 25-13-33, 21-29-301, 21-29-305 AND 21-29-317, MISSISSIPPI CODE OF 1972, TO REVISE CERTAIN PROVISIONS OF LAW REGARDING THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM, THE MISSISSIPPI HIGHWAY SAFETY PATROL RETIREMENT SYSTEM AND MUNICIPAL RETIREMENT SYSTEMS; TO PROVIDE THAT MEMBERS OF SUCH SYSTEMS WHOSE MEMBERSHIP SERVICE IS INTERRUPTED AS A RESULT OF CERTAIN QUALIFIED MILITARY SERVICE MAY RECEIVE CREDIT FOR SUCH SERVICE UNDER CERTAIN CIRCUMSTANCES; TO PROVIDE THAT THE ONLY QUALIFIED BENEFICIARY WHO IS ELIGIBLE TO ROLLOVER A REFUND OF ACCUMULATED CONTRIBUTIONS INTO AN ELIGIBLE RETIREMENT PLAN OR INDIVIDUAL RETIREMENT ACCOUNT IS THE SPOUSE OF A MEMBER; TO REMOVE REFERENCES TO A PROVISION OF THE INTERNAL REVENUE CODE THAT HAVE BEEN REPEALED; TO PROVIDE THAT IN THE EVENT OF TERMINATION OF A MUNICIPAL RETIREMENT SYSTEM, ALL MEMBERS OF SUCH SYSTEM AT THE TIME OF TERMINATION SHALL BE DEEMED TO HAVE A CERTAIN VESTED RIGHT TO BENEFITS; TO CREATE A NEW CODE SECTION TO BE CODIFIED AS SECTION 21-29-316, MISSISSIPPI CODE OF 1972, TO AUTHORIZE MEMBERS OF MUNICIPAL RETIREMENT PLANS AND THE SPOUSES OF SUCH PERSONS WHO ARE ELIGIBLE BENEFICIARIES TO HAVE AN ELIGIBLE ROLLOVER DISTRIBUTION OF ACCUMULATED CONTRIBUTIONS PAID DIRECTLY TO AN ELIGIBLE RETIREMENT PLAN OR INDIVIDUAL RETIREMENT ACCOUNT; TO AUTHORIZE THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO ACCEPT AN ELIGIBLE ROLLOVER DISTRIBUTION OR A DIRECT TRANSFER OF FUNDS FROM ANOTHER QUALIFIED PLAN IN PAYMENT OF ALL OR A PORTION OF THE COST TO REPAY A REFUND AS PERMITTED IN A MUNICIPAL RETIREMENT PLAN; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/SB/SB2836.htm