Bill Text | History of Actions | Background | Title |
Description: Retirement; merge Highway Patrol Retirement System into the Public Employees' Retirement System.
Bill Text: [Introduced]
| 1 | 01/30 (H) Referred To Appropriations | |
| 2 | 03/09 (H) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Guice
Code Sections: A 025-0011-0111, A 025-0011-0113, A 025-0011-0114, A 025-0011-0115, A 025-0011-0015, A 025-0011-0137, A 041-0029-0107, A 063-0001-0046, RP 025-0013-0001, RP 025-0013-0003, RP 025-0013-0005, RP 025-0013-0007, RP 025-0013-0008, RP 025-0013-0009, RP 025-0013-0011, RP 025-0013-0011.1, RP 025-0013-0012, RP 025-0013-0013, RP 025-0013-0014, RP 025-0013-0016, RP 025-0013-0017, RP 025-0013-0019, RP 025-0013-0021, RP 025-0013-0021.1, RP 025-0013-0022, RP 025-0013-0023, RP 025-0013-0025, RP 025-0013-0027, RP 025-0013-0028, RP 025-0013-0029, RP 025-0013-0031, RP 025-0013-0033
Title: AN ACT TO PROVIDE THAT THE MISSISSIPPI HIGHWAY SAFETY PATROL RETIREMENT SYSTEM SHALL BE MERGED INTO AND COMBINED WITH THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO PROVIDE THAT ALL ACTIVE MEMBERS OF THE HIGHWAY SAFETY PATROL RETIREMENT SYSTEM SHALL BECOME MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM, AND ALL RETIRED MEMBERS OF THE HIGHWAY SAFETY PATROL RETIREMENT SYSTEM AND BENEFICIARIES THEREOF SHALL CONTINUE TO RECEIVE FROM THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM THE RETIREMENT BENEFITS TO WHICH THEY WERE ENTITLED UNDER THE HIGHWAY SAFETY PATROL RETIREMENT SYSTEM; TO PROVIDE THAT EMPLOYEE'S CONTRIBUTIONS, EMPLOYER'S CONTRIBUTIONS AND ALL OTHER ASSETS OF THE HIGHWAY SAFETY PATROL RETIREMENT SYSTEM SHALL BE TRANSFERRED TO THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO AMEND SECTIONS 25-11-111, MISSISSIPPI CODE OF 1972, TO REDUCE THE AGE AT WHICH A MEMBER OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM MAY RETIRE FROM AGE SIXTY TO AGE FIFTY-FIVE; TO INCREASE THE PERCENTAGE USED TO CALCULATE A RETIREMENT ALLOWANCE UNDER THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM FROM TWO PERCENT TO TWO AND ONE-HALF PERCENT FOR EACH YEAR OF SERVICE; TO PROVIDE FOR MINIMUM MONTHLY BENEFITS FOR RETIRED MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO AMEND SECTIONS 25-11-113 AND 25-11-114, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; TO AMEND SECTION 25-11-115, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY MEMBER OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHO IS ELIGIBLE TO RETIRE WITH AN UNREDUCED BENEFIT MAY SELECT THE PARTIAL LUMP SUM DISTRIBUTION OPTION; TO AMEND SECTIONS 25-11-15, 25-11-137, 41-29-107 AND 63-1-46, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; TO REPEAL SECTIONS 25-13-1 THROUGH 25-13-33, MISSISSIPPI CODE OF 1972, WHICH ESTABLISH AND GOVERN THE OPERATION OF THE MISSISSIPPI HIGHWAY SAFETY PATROL RETIREMENT SYSTEM; AND FOR RELATED PURPOSES.
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2004/html/History/HB/HB0703.htm