Mississippi Legislature
2007 Regular Session

House Bill 1016

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Bill Text

History of Actions

Amendments

Background

Title

Description: Retirement; increase number of years required to vest in PERS for persons becoming members on or after July, 1, 2007.

Bill Text: [Introduced] [Passed House] [Sent to Governor]

History of Actions:

1 01/15 (H) Referred To Appropriations
2 01/23 (H) Title Suff Do Pass
3 01/31 (H) Amendment Failed
4 01/31 (H) Passed   {Vote}
5 02/01 (H) Transmitted To Senate
6 02/02 (S) Referred To Finance
7 02/22 (S) Title Suff Do Pass
8 03/05 (S) Passed   {Vote}
9 03/06 (S) Transmitted To House
10 03/09 (H) Enrolled Bill Signed
11 03/12 (S) Enrolled Bill Signed
12 03/16 Approved by Governor

Amendments:

Lost [H] Amendment No 1   Voice Vote

Background Information:

Effective dateJuly 1, 2007
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority
Chapter number407

House Committee:

Senate Committee:

Principal Author: Stringer

Code Sections: A 025-0011-0103, A 025-0011-0111, A 025-0011-0113, A 025-0011-0114, A 025-0011-0115, A 025-0011-0117, A 025-0011-0311, A 025-0011-0315, A 025-0011-0105, A 025-0011-0109

Title: AN ACT TO AMEND SECTIONS 25-11-103, 25-11-105, 25-11-109, 25-11-111, 25-11-113, 25-11-114, 25-11-115, 25-11-117, 25-11-311 AND 25-11-315, MISSISSIPPI CODE OF 1972, TO INCREASE THE NUMBER OF YEARS OF MEMBERSHIP SERVICE REQUIRED TO VEST IN THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM FROM FOUR YEARS TO EIGHT YEARS FOR PERSONS WHO BECOME MEMBERS OF THE SYSTEM ON OR AFTER JULY 1, 2007; TO LIMIT THE SELECTION OF THE PARTIAL LUMP-SUM DISTRIBUTION OPTION TO THOSE WHO HAVE TWENTY-EIGHT OR MORE YEARS OF CREDITABLE SERVICE AT THE TIME OF RETIREMENT FOR PERSONS WHO BECOME MEMBERS OF THE SYSTEM ON OR AFTER JULY 1, 2007; TO CONFORM THE USE OF THE TERMS "MEMBERSHIP SERVICE" AND "CREDITABLE SERVICE"; TO DELETE OBSOLETE LANGUAGE REGARDING THE PHASE-IN OF THE NEW RETIREMENT FORMULA AND REFERENCES TO OPTION 4-C, WHICH IS NO LONGER AVAILABLE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 05/08/07 at 14:25.

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