HB 1509
Mississippi PERS Stability Act; create.
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- Passed House
- Passed Senate
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- Became Law
Bill overview
An act to enact the mississippi pers stability act; To direct the transfer of $500,000,000.00 from the capital expense fund to the employers' accumulation account of the public employees' retirement system created IN section 25-11-123(c) on july 1, 2026; To direct the annual transfer of $50,000,000.00 from the capital expense fund to the employers' accumulation account of the public employees' retirement system created IN section 25-11-123(c) from july 1, 2027, and on every july 1 thereafter through and including july 1, 2036; To provide for general funds to be used IN the event that unobligated funds are not available IN the capital expense fund; And for related purposes.
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