History of Actions | Background | Title |
Description: Retirement; remove actuarial reduction of retirement allowances of certain retired PERS members.
| 1 | 01/18/99 | (H) | Referred To Appropriations | |
| 2 | 02/02/99 | (H) | Died In Committee |
| Effective date | July 1, 1999 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
House Committee:
Principal Author: Comans
Code Section: A 025-0011-0111
Title: AN ACT TO AMEND SECTION 25-11-111, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT CERTAIN RETIRED MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM, WHOSE RETIREMENT ALLOWANCES WERE REDUCED BY AN ACTUARIAL EQUIVALENT FACTOR FOR EACH YEAR OF SERVICE BELOW 30 YEARS OF CREDITABLE SERVICE, SHALL HAVE THEIR RETIREMENT ALLOWANCES RECALCULATED WITHOUT THE REDUCTION AND SHALL RECEIVE THE AMOUNT OF THE RECALCULATED RETIREMENT ALLOWANCES BEGINNING ON JULY 1, 1999; AND FOR RELATED PURPOSES.
End Of Document
1999\html\History/HB\HB1119.htm