History of Actions | Background | Title |
Description: Deferred Compensation Program; employers contribute matching funds for participants.
| 1 | 01/18/99 | (H) | Referred To Appropriations | |
| 2 | 02/02/99 | (H) | Died In Committee |
| Effective date | July 1, 2000 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
House Committee:
Principal Author: Perry
Title: AN ACT TO CREATE A NEW SECTION TO BE CODIFIED AS SECTION 25-14-17, MISSISSIPPI CODE OF 1972, TO REQUIRE EMPLOYERS OF EMPLOYEES OF STATE AGENCIES, INSTITUTIONS OF HIGHER LEARNING, COMMUNITY AND JUNIOR COLLEGES AND PUBLIC SCHOOLS TO CONTRIBUTE MATCHING FUNDS OF TWENTY-FIVE DOLLARS PER MONTH FOR QUALIFIED PARTICIPANTS IN THE DEFERRED COMPENSATION PROGRAM, TO ENCOURAGE EMPLOYEE SAVINGS FOR RETIREMENT; TO AUTHORIZE OTHER POLITICAL SUBDIVISIONS TO PARTICIPATE IN THE MATCHING CONTRIBUTION PROGRAM ON THE SAME TERMS AS THE STATE; TO PROVIDE THAT THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM SHALL ADMINISTER AND INVEST THE MATCHING EMPLOYER CONTRIBUTIONS; TO PROVIDE THAT THE MATCHING EMPLOYER CONTRIBUTIONS WILL NOT BE CONSIDERED A PART OF AN EMPLOYEE'S COMPENSATION; AND FOR RELATED PURPOSES.
End Of Document
1999\html\History/HB\HB1174.htm