SB2392 - Legislature; allow PERS retirees to receive retirement allowance while serving as a member of.

2 Co-Sponsors

An Act To Create New Section 25-11-126, 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.