Mississippi Legislature
2007 Regular Session

Senate Bill 2214

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Bill Text

History of Actions

Amendments

Background

Title

Description: Retirement; authorize employers to make contributions on behalf of employees to the PERS Deferred Compensation Plan.

Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]

History of Actions:

1 01/03 (S) Referred To Finance
2 01/30 (S) Title Suff Do Pass Comm Sub
3 02/01 (S) Committee Substitute Adopted
4 02/01 (S) Passed   {Vote}
5 02/02 (S) Transmitted To House
6 02/07 (H) Referred To Appropriations
7 02/27 (H) Title Suff Do Pass As Amended
8 02/28 (H) Amended
9 02/28 (H) Passed As Amended   {Vote}
10 03/01 (H) Returned For Concurrence
11 03/15 (S) Concurred in Amend From House   {Vote}
12 03/21 (S) Enrolled Bill Signed
13 03/24 (H) Enrolled Bill Signed
14 03/30 Approved by Governor

Amendments:

Adopted [H] Committee Amendment No 1   Voice Vote
   
[H] Amendment Report for Senate Bill No. 2214   

Background Information:

Effective datePassage
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths
Chapter number505

Senate Committee:

House Committee:

Principal Author: Robertson

Code Sections: A 025-0014-0005, A 025-0014-0007

Title: AN ACT TO AMEND SECTION 25-14-5, MISSISSIPPI CODE OF 1972, TO AUTHORIZE POLITICAL SUBDIVISIONS OF THE STATE TO MAKE CONTRIBUTIONS TO THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM'S DEFERRED COMPENSATION PLAN ON BEHALF OF ACTIVELY PARTICIPATING MEMBERS UNDER CERTAIN CIRCUMSTANCES; TO AUTHORIZE FUNDS IN THE DEFERRED COMPENSATION PLAN TO BE USED TO PURCHASE FIXED OR VARIABLE LIFE INSURANCE OR ANNUITY CONTRACTS IF THE CONTRACTS ARE AUTHORIZED FOR PURCHASE BY THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM FROM A BUSINESS AUTHORIZED BY THE SYSTEM TO OFFER THEIR PRODUCTS IN THE PLAN; TO AMEND SECTION 25-14-7, MISSISSIPPI CODE OF 1972, TO MAKE IT CLEAR THAT THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM'S DEFERRED COMPENSATION PROGRAM SHALL BE OPERATED IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED BY THE INTERNAL REVENUE SERVICE AS REFLECTED IN THE PLAN DOCUMENT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 05/15/07 at 07:52.

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