SB 2905
Legislature; allow PERS retirees to receive retirement allowance while serving as a member of.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
An act to create new section 25-11-126.1, mississippi code of 1972, to provide that persons who are receiving a retirement allowance from the public employees' retirement system who are elected as a member of the legislature after retirement, and members of the legislature who are eligible to receive a retirement allowance from the public employees' retirement system while serving as a member of the legislature, may receive a retirement allowance from the system while serving as a member of the legislature IN addition to receiving the regular compensation for members of the legislature; 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 serving as a member of the legislature; To amend section 25-11-105, mississippi code of 1972, to conform to the provisions of this act; To amend section 25-11-127, mississippi code of 1972, to require those persons to pay the full amount of the employee's contributions on the amount of compensation received for serving as a member of the legislature; To provide that those persons will not receive any additional creditable service IN the retirement system as a result of the payment of the employee's contribution; And for related purposes.
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