Bill Text | History of Actions | Amendments | Background | Title |
Description: Retirement; conform certain provisions of PERS, Highway Patrol and municipal statutes to federal law.
Bill Text: [Introduced] [Passed House]
| 1 | 01/15 (H) Referred To Appropriations | |
| 2 | 01/25 (H) Title Suff Do Pass | |
| 3 | 01/30 (H) Passed | |
| 4 | 01/31 (H) Transmitted To Senate | |
| 5 | 02/07 (S) Referred To Finance | |
| 6 | 02/27 (S) Title Suff Do Pass As Amended | |
| 7 | 03/05 (S) Amended | |
| 8 | 03/05 (S) Passed As Amended | |
| 9 | 03/06 (S) Returned For Concurrence | |
| 10 | 03/13 (H) Concurred in Amend From Senate | |
| 11 | 03/14 (H) Motion to Reconsider Entered | |
| 12 | 03/19 (H) Died On Calendar |
| Adopted | [S] | Amendment No 1 |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Senate Committee:
Principal Author: Stringer
Code Sections: A 025-0011-0109, A 025-0011-0117, A 025-0011-0133, A 025-0013-0007, A 025-0013-0009, A 025-0013-0017, A 025-0013-0021, A 025-0013-0033, A 021-0029-0301, A 021-0029-0305, A 021-0029-0317
Title: AN ACT TO AMEND SECTIONS 25-11-109, 25-11-117, 25-11-133, 25-13-7, 25-13-9, 25-13-17, 25-13-21, 25-13-33, 21-29-301, 21-29-305 AND 21-29-317, MISSISSIPPI CODE OF 1972, TO REVISE CERTAIN PROVISIONS OF LAW REGARDING THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM, THE MISSISSIPPI HIGHWAY SAFETY PATROL RETIREMENT SYSTEM AND MUNICIPAL RETIREMENT SYSTEMS; TO PROVIDE THAT MEMBERS OF SUCH SYSTEMS WHOSE MEMBERSHIP SERVICE IS INTERRUPTED AS A RESULT OF CERTAIN QUALIFIED MILITARY SERVICE MAY RECEIVE CREDIT FOR SUCH SERVICE UNDER CERTAIN CIRCUMSTANCES; TO PROVIDE THAT THE ONLY QUALIFIED BENEFICIARY WHO IS ELIGIBLE TO ROLLOVER A REFUND OF ACCUMULATED CONTRIBUTIONS INTO AN ELIGIBLE RETIREMENT PLAN OR INDIVIDUAL RETIREMENT ACCOUNT IS THE SPOUSE OF A MEMBER; TO REMOVE REFERENCES TO A PROVISION OF THE INTERNAL REVENUE CODE THAT HAS BEEN REPEALED; TO PROVIDE THAT IN THE EVENT OF TERMINATION OF A MUNICIPAL RETIREMENT SYSTEM, ALL MEMBERS OF SUCH SYSTEM AT THE TIME OF TERMINATION SHALL BE DEEMED TO HAVE A CERTAIN VESTED RIGHT TO BENEFITS; TO CREATE A NEW CODE SECTION TO BE CODIFIED AS SECTION 21-29-316, MISSISSIPPI CODE OF 1972, TO AUTHORIZE MEMBERS OF MUNICIPAL RETIREMENT PLANS AND THE SPOUSES OF SUCH PERSONS WHO ARE ELIGIBLE BENEFICIARIES TO HAVE AN ELIGIBLE ROLLOVER DISTRIBUTION OF ACCUMULATED CONTRIBUTIONS PAID DIRECTLY TO AN ELIGIBLE RETIREMENT PLAN OR INDIVIDUAL RETIREMENT ACCOUNT; AND TO AUTHORIZE THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO ACCEPT AN ELIGIBLE ROLLOVER DISTRIBUTION OR A DIRECT TRANSFER OF FUNDS FROM ANOTHER QUALIFIED PLAN IN PAYMENT OF ALL OR A PORTION OF THE COST TO REPAY A REFUND AS PERMITTED IN A MUNICIPAL RETIREMENT PLAN; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/HB/HB1459.htm