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Bill

SB 2900

MS Deferred Comp; allow Roth and other after-tax accounts, and comply with qualified domestic relations orders.

2026 Regular Session

Mississippi expands state deferred comp program with Roth accounts and after-tax options while mandating compliance with divorce-related retirement benefit division orders.

Referred To Finance
#finance
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Bill Summary · SB 2900

Legislative bill overview

SB 2900 expands Mississippi's deferred compensation program by authorizing Roth accounts and other after-tax investment options for state employees and retirees. The bill also requires the program to comply with qualified domestic relations orders (QDROs), which are court orders that govern division of retirement benefits in divorce proceedings.

Why is this important

These changes modernize the state's retirement savings options to match federal standards and private sector practices. Compliance with QDROs ensures that court-ordered divisions of retirement assets are properly executed, protecting both employees and their spouses in divorce situations, while reducing potential legal disputes and administrative liability for the state.

Potential points of contention

  • Administrative costs: Implementing Roth accounts and QDRO compliance procedures may require new IT systems and staff training, potentially increasing program administration expenses
  • Plan complexity: Additional account types could confuse participants about investment options and complicate retirement planning guidance
  • QDRO enforcement scope: Unclear definitions of which retirement benefits qualify for division might create disputes between ex-spouses and the state over eligible amounts

Compiled from official sources — confirm details with the bill’s official record.

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