Bill Text | History of Actions | Amendments | Background | Title |
Description: Retirement; increase number of years required to vest in PERS for persons becoming members on or after July, 1, 2007.
Bill Text: [Introduced] [Passed House] [Sent to Governor]
| 1 | 01/15 (H) Referred To Appropriations | |
| 2 | 01/23 (H) Title Suff Do Pass | |
| 3 | 01/31 (H) Amendment Failed | |
| 4 | 01/31 (H) Passed {Vote} | |
| 5 | 02/01 (H) Transmitted To Senate | |
| 6 | 02/02 (S) Referred To Finance | |
| 7 | 02/22 (S) Title Suff Do Pass | |
| 8 | 03/05 (S) Passed {Vote} | |
| 9 | 03/06 (S) Transmitted To House | |
| 10 | 03/09 (H) Enrolled Bill Signed | |
| 11 | 03/12 (S) Enrolled Bill Signed | |
| 12 | 03/16 Approved by Governor |
| Lost | [H] | Amendment No 1 Voice Vote |
| Effective date | July 1, 2007 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 407 |
House Committee:
Senate Committee:
Principal Author: Stringer
Code Sections: A 025-0011-0103, A 025-0011-0111, A 025-0011-0113, A 025-0011-0114, A 025-0011-0115, A 025-0011-0117, A 025-0011-0311, A 025-0011-0315, A 025-0011-0105, A 025-0011-0109
Title: AN ACT TO AMEND SECTIONS 25-11-103, 25-11-105, 25-11-109, 25-11-111, 25-11-113, 25-11-114, 25-11-115, 25-11-117, 25-11-311 AND 25-11-315, MISSISSIPPI CODE OF 1972, TO INCREASE THE NUMBER OF YEARS OF MEMBERSHIP SERVICE REQUIRED TO VEST IN THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM FROM FOUR YEARS TO EIGHT YEARS FOR PERSONS WHO BECOME MEMBERS OF THE SYSTEM ON OR AFTER JULY 1, 2007; TO LIMIT THE SELECTION OF THE PARTIAL LUMP-SUM DISTRIBUTION OPTION TO THOSE WHO HAVE TWENTY-EIGHT OR MORE YEARS OF CREDITABLE SERVICE AT THE TIME OF RETIREMENT FOR PERSONS WHO BECOME MEMBERS OF THE SYSTEM ON OR AFTER JULY 1, 2007; TO CONFORM THE USE OF THE TERMS "MEMBERSHIP SERVICE" AND "CREDITABLE SERVICE"; TO DELETE OBSOLETE LANGUAGE REGARDING THE PHASE-IN OF THE NEW RETIREMENT FORMULA AND REFERENCES TO OPTION 4-C, WHICH IS NO LONGER AVAILABLE; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1016.htm