Mississippi Legislature
2003 Regular Session

House Bill 1303

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Bill Text

History of Actions

Background

Title

Description: Retirement; revise calculation of average compensation under PERS that is based on last 48 months of compensation.

Bill Text: [Introduced]

History of Actions:

1 01/20 (H) Referred To Appropriations
2 02/04 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2003
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Evans

Code Section: A 025-0011-0103

Title: AN ACT TO AMEND SECTION 25-11-103, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM RETIRING ON OR AFTER JULY 1, 2004, WHEN DETERMINING THE MEMBER'S AVERAGE COMPENSATION BASED ON THE LAST 48 MONTHS OF EARNED COMPENSATION, THE AVERAGE COMPENSATION SHALL BE COMPUTED AS THE GREATER OF THE LAST 48 CONSECUTIVE MONTHS OF EARNED COMPENSATION REPORTED FOR THE MEMBER INCLUDING THE FINAL MONTHLY WAGE POSTING, OR THE 48 CONSECUTIVE MONTHS IMMEDIATELY PRECEDING THE FINAL MONTHLY WAGE POSTING AND EXCLUDING THE FINAL MONTHLY WAGE POSTING; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/04/03 at 17:51.

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