Bill Text | History of Actions | Background | Title |
Description: Public officials; allow PERS retiree serving as elected official to receive retirement allowance plus 2/3.
Bill Text: [Introduced]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/30 (S) Died In Committee |
| Effective date | ** See Text | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Furniss
Code Sections: A 025-0011-0103, A 025-0011-0105, A 025-0011-0117, A 025-0011-0127
Title: AN ACT TO CREATE NEW SECTION 25-11-126, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT PERSONS RECEIVING A RETIREMENT ALLOWANCE FROM THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHO ARE ELECTED OR APPOINTED TO PUBLIC OFFICE IN A POLITICAL SUBDIVISION OR INSTRUMENTALITY THEREOF AFTER RETIREMENT, AND ELECTED OR APPOINTED OFFICIALS IN A POLITICAL SUBDIVISION OR INSTRUMENTALITY THEREOF WHO BECOME ELIGIBLE TO RECEIVE A RETIREMENT ALLOWANCE FROM THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHILE HOLDING OFFICE, MAY RECEIVE A RETIREMENT ALLOWANCE FROM THE SYSTEM WHILE HOLDING OFFICE IN ADDITION TO RECEIVING TWO-THIRDS OF THE REGULAR COMPENSATION FOR SUCH OFFICE; TO PROVIDE THAT THOSE PERSONS SHALL NOT BE ACTIVE MEMBERS OF THE RETIREMENT SYSTEM AND SHALL NOT RECEIVE ANY CREDITABLE SERVICE FOR THE PERIOD DURING WHICH THEY RECEIVE A RETIREMENT ALLOWANCE WHILE HOLDING OFFICE; TO PROVIDE THAT EMPLOYEE CONTRIBUTIONS SHALL BE DEDUCTED AND EMPLOYER CONTRIBUTIONS SHALL BE MADE FOR THOSE PERSONS FOR THE PERIOD DURING WHICH THEY RECEIVE A RETIREMENT ALLOWANCE WHILE HOLDING OFFICE; TO AMEND SECTIONS 25-11-103, 25-11-105 AND 25-11-127, MISSISSIPPI CODE OF 1972, IN CONFORMITY WITH THE PROVISIONS OF THIS ACT; TO AMEND SECTION 25-11-117, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY PERSON WHO RECEIVED A RETIREMENT ALLOWANCE WHILE HOLDING OFFICE IN A POLITICAL SUBDIVISION OR INSTRUMENTALITY THEREOF MAY NOT RECEIVE A REFUND OF EMPLOYEE CONTRIBUTIONS THAT WERE MADE DURING THAT PERIOD OF SERVICE; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/SB/SB2656.htm