Bill Text | History of Actions | Background | Title |
Description: Retirement; revise calculation of average compensation under PERS that is based on last 48 months of compensation.
Bill Text: [Introduced]
| 1 | 01/20 (H) Referred To Appropriations | |
| 2 | 02/04 (H) Died In Committee |
| Effective date | July 1, 2003 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Evans
Code Section: A 025-0011-0103
Title: AN ACT TO AMEND SECTION 25-11-103, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM RETIRING ON OR AFTER JULY 1, 2004, WHEN DETERMINING THE MEMBER'S AVERAGE COMPENSATION BASED ON THE LAST 48 MONTHS OF EARNED COMPENSATION, THE AVERAGE COMPENSATION SHALL BE COMPUTED AS THE GREATER OF THE LAST 48 CONSECUTIVE MONTHS OF EARNED COMPENSATION REPORTED FOR THE MEMBER INCLUDING THE FINAL MONTHLY WAGE POSTING, OR THE 48 CONSECUTIVE MONTHS IMMEDIATELY PRECEDING THE FINAL MONTHLY WAGE POSTING AND EXCLUDING THE FINAL MONTHLY WAGE POSTING; AND FOR RELATED PURPOSES.
End Of Document
2003/html/History/HB/HB1303.htm