Mississippi Legislature
2007 Regular Session

Senate Bill 2821

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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 Senate]

History of Actions:

1 01/15 (S) Referred To Finance
2 01/25 (S) Title Suff Do Pass
3 02/07 (S) Passed   {Vote}
4 02/08 (S) Transmitted To House
5 02/12 (H) Referred To Appropriations
6 02/22 (H) Title Suff Do Pass As Amended
7 02/28 (H) Amended
8 02/28 (H) Passed As Amended   {Vote}
9 03/01 (H) Returned For Concurrence
10 03/15 (S) Decline to Concur/Invite Conf
11 03/20 (H) Conferees Named Stringer,Brown,Read
12 03/20 (S) Conferees Named Robertson,King,Mettetal
13 03/26 (S) Died In Conference

Amendments:

Adopted [H] Committee Amendment No 1   Voice Vote
   
[H] Amendment Report for Senate Bill No. 2821   

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

Senate Committee:

House Committee:

Principal Author: Robertson

Code Sections: A 025-0011-0103, A 025-0011-0105, A 025-0011-0109, 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 025-0011-0123, A 025-0011-0141, A 025-0015-0003, A 025-0015-0009, A 025-0015-0011, A 025-0015-0014, A 025-0015-0015, RP 025-0011-0143, RP 025-0011-0145

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 28 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; TO AMEND SECTIONS 25-11-123, 25-11-141, 25-15-3, 25-15-9, 25-15-11, 25-15-14 AND 25-15-15, MISSISSIPPI CODE OF 1972, TO REMOVE CERTAIN PROVISIONS REGARDING THE IMPLEMENTATION OF A PLAN OF HEALTH INSURANCE DESIGNED BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM; TO REPEAL SECTIONS 25-11-143 AND 25-11-145, MISSISSIPPI CODE OF 1972, WHICH REQUIRE THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM TO DESIGN A PLAN OF HEALTH INSURANCE FOR ALL CURRENT AND FUTURE RETIREES AND PROVIDE WHEN SUCH PLAN SHALL BE IMPLEMENTED; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 05/08/07 at 15:56.

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2007/html/History/SB/SB2821.htm