MS SB2439 | 2011 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 30 2011 - 100% progression
Action: 2011-03-30 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on March 30 2011 - 100% progression
Action: 2011-03-30 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Amend Section 25-11-111, Mississippi Code Of 1972, To Provide That The Retirement Allowance For Persons Who Become Members Of The System On Or After July 1, 2011, Shall Be 2% Of The Average Compensation Of The Retiree For Each Year Of Service Up To And Including 30 Years Of Creditable Service And 2-1/2% Of Average Compensation For Each Year Of Service Exceeding 30 Years Of Creditable Service; To Provide That In The Case Of The Retirement Of A Member Who Became A Member Of The System After July 1, 2011, And Has Attained Age 60 But Who Has Not Completed 30 Or More Years Of Creditable Service, The Annual Retirement Allowance Shall Be Reduced By An Actuarial Equivalent Factor For Each Year Of Creditable Service Below 30 Years Or The Number Of Years In Age That The Member Is Below Age 65; To Amend Section 25-11-112, Mississippi Code Of 1972, To Modify The Cost-of-living Adjustment For Persons Who Become Members Of The System On Or After July 1, 2011; To Amend Section 25-11-113, Mississippi Code Of 1972, To Conform To The Preceding Provisions; To Amend Section 25-11-114, Mississippi Code Of 1972, To Clarify The Calculation Of The Monthly Benefit For A Surviving Spouse Of A Member Who Dies Before Retirement; To Amend Section 43-13-405, Mississippi Code Of 1972, To Transfer Ownership Of Certain Assets In The Health Care Trust Fund To The Public Employees' Retirement System To Be Credited To The Public Employees' Retirement System Employer's Accumulation Account; To Amend Section 25-11-123, Mississippi Code Of 1972, In Conformity Thereto And Remove The July 1, 2012, Repeal Date On This Section; And For Related Purposes.
Title
PERS; revise benefits for persons who become members after July 1, 2011.
Sponsors
| Sen. Bob Dearing [D] | Sen. Dean Kirby [R] |
Roll Calls
2011-03-15 - Senate - Senate Concurred in Amend From House (Y: 50 N: 0 NV: 2 Abs: 0) [PASS]
2011-03-02 - House - House Passed As Amended (Y: 119 N: 2 NV: 1 Abs: 0) [PASS]
2011-02-02 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]
2011-03-02 - House - House Passed As Amended (Y: 119 N: 2 NV: 1 Abs: 0) [PASS]
2011-02-02 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-30 | Approved by Governor | |
| 2011-03-22 | Enrolled Bill Signed | |
| 2011-03-21 | Enrolled Bill Signed | |
| 2011-03-15 | Concurred in Amend From House | |
| 2011-03-04 | Returned For Concurrence | |
| 2011-03-02 | Passed As Amended | |
| 2011-03-02 | Amended | |
| 2011-03-01 | Title Suff Do Pass As Amended | |
| 2011-02-07 | Referred To Appropriations | |
| 2011-02-07 | Transmitted To House | |
| 2011-02-02 | Passed As Amended | |
| 2011-02-02 | Amended | |
| 2011-02-02 | Committee Substitute Adopted | |
| 2011-01-27 | Title Suff Do Pass Comm Sub | |
| 2011-01-12 | Referred To Finance |
