The following PERS-sponsored bills remain under active consideration by the Mississippi Legislature during the 2016 Regular Session and are currently assigned to the Senate Finance Committee. Tues., Mar. 22 is the deadline for the Senate Finance Committee to take action on these bills.
House Bill 880 – Huddleston (15th) – Changes the number of years required to vest in PERS from eight years to four years for all members of PERS, regardless of the date upon which they became a member.
House Bill 899 – Huddleston (15th) – Makes numerous technical amendments to PERS law. Reference the attached unofficial summary of House Bill 899 prepared by MRPEA.
Summary of House Bill 899 (2016) as passed by the House of Representatives
House Bill 903 – Huddleston (15th) – Defines certain terms and clarifies investment options under the Government Employees’ Deferred Compensation Plan law and clarifies the administration of the Mississippi Deferred Compensation Plan and Trust, as well as the administration of any other deferred compensation plan authorized under the applicable law.
Other PERS-related bills of potential interest that remain under active consideration by the Mississippi Legislature during the 2016 Regular Session are listed below.
House Bill 114 – Gunn – Renames the PERS building the “Timothy Alan (Tim) Ford Building”
Senate Bill 2161 – Tollison – Authorizes charter schools to join PERS in order to allow charter school employees to participate in PERS.
Senate Bill 2260 – Parks – Requires forfeiture of benefits for any member convicted of a job-related felony.
Senate Concurrent Resolution 575 – McDaniel – Requests PERS to conduct a study of SLRP to determine the feasibility of closing or allowing members to opt out.