Mississippi · 2026 Regular Session
An Act To Amend Sections 25-11-103, 25-11-109, 25-11-111, 25-11-112, 25-11-114, 25-11-115, 25-11-117 And 25-11-123, Mississippi Code Of 1972, To Repeal The New Tier In The Mississippi Public Employees' Retirement System Of Mississippi, Created In House Bill No. 1, 2025 Regular Session, For Employees Becoming Members Of The System On Or After March 1, 2026; To Provide That Employees Becoming Members Of The System On Or After July 1, 2026, Shall Be Eligible To Receive An Additional Benefit Equal To The Sum Of An Amount Equal To 1% Of The Annual Retirement Allowance Multiplied By The Number Of Full Fiscal Years In Retirement Before The End Of The Fiscal Year In Which The Member Reaches Age 65, Plus An Additional Amount Equal To 1% Compounded By The Number Of Full Fiscal Years In Retirement Beginning With The Fiscal Year In Which The Member Reaches Age 65, Multiplied By The Amount Of The Annual Retirement Allowance; To Repeal Section 25-11-147, Mississippi Code Of 1972, Which Includes A Defined Contribution Plan For Each Person Becoming A Member Of The Public Employees' Retirement System Of Mississippi On Or After March 1, 2026; To Authorize The Board Of Trustees Of The System To…
Died In Committee (2026-02-03)