History of Actions | Background | Title |
Description: Retirement plans; create Mississippi Employee Retirement Income Security Act to supervise.
| 1 | 01/09/97 | (H) | Referred To Appropriations | |
| 2 | 02/04/97 | (H) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Guice
Title: AN ACT TO CREATE THE MISSISSIPPI EMPLOYEE RETIREMENT INCOME SECURITY ACT (MERISA), PATTERNED AFTER THE FEDERAL EMPLOYEE RETIREMENT INCOME SECURITY ACT (ERISA); TO PROVIDE THAT THIS ACT APPLIES TO ANY EMPLOYEE PENSION BENEFIT PLAN ADMINISTERED PRIMARILY FOR INDIVIDUALS EMPLOYED IN MISSISSIPPI BY EMPLOYERS THAT ARE LOCATED IN MISSISSIPPI, INCLUDING GOVERNMENTAL PLANS, IF THE PLAN IS NOT COVERED UNDER ERISA; TO EXEMPT FROM THIS ACT ANY PLAN THAT IS ADMINISTERED BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO PROVIDE THAT THIS ACT SHALL BE ADMINISTERED BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO PRESCRIBE DISCLOSURE AND REPORTING DUTIES FOR PLANS SUBJECT TO THIS ACT; TO PROVIDE PARTICIPATION AND VESTING RIGHTS FOR EMPLOYEES COVERED BY PLANS SUBJECT TO THIS ACT; TO PROVIDE FUNDING STANDARDS FOR PLANS SUBJECT TO THIS ACT; TO PRESCRIBE FIDUCIARY DUTIES FOR PERSONS WHO CONTROL AND ADMINISTER PLANS SUBJECT TO THIS ACT; TO PROVIDE CRIMINAL PENALTIES AND CIVIL ENFORCEMENT PROCEDURES FOR VIOLATIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB0857.htm