l9n/ Mississippi

2013 Regular Session

House Bill 486

Retirement; allow persons to opt out of PERS and receive employer match for contributions to deferred comp.

Did not become law. It stopped in the House of Representatives's Appropriations Committee on February 5, 2013. The 2013 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AUTHORIZE ANY PERSON WHO IS INITIALLY EMPLOYED IN STATE SERVICE ON OR AFTER JULY 1, 2013, TO ELECT NOT TO BECOME A MEMBER OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND INSTEAD PROVIDE FOR HIS OR HER RETIREMENT NEEDS BY MAKING CONTRIBUTIONS INTO THE DEFERRED COMPENSATION PROGRAM; TO AUTHORIZE ANY PERSON WHO IS AN ACTIVE MEMBER OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM ON JUNE 30, 2013, AND WHO CONTINUES IN STATE SERVICE AFTER THAT DATE TO ELECT TO DISCONTINUE ACTIVE MEMBERSHIP IN THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THEREAFTER PROVIDE FOR HIS OR HER RETIREMENT NEEDS BY MAKING CONTRIBUTIONS INTO THE DEFERRED COMPENSATION PROGRAM; TO PROVIDE THAT AN ELECTION IS IRREVOCABLE AFTER IT HAS BEEN MADE; TO PROVIDE THAT THE EMPLOYER OF EACH PERSON WHO MAKES AN ELECTION AUTHORIZED UNDER THIS ACT SHALL MATCH THE PERSON'S CONTRIBUTIONS TO THE DEFERRED COMPENSATION PROGRAM UP TO THE PERCENTAGE OF THE EMPLOYEE'S CONTRIBUTION THAT IS MADE BY MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO PROVIDE THAT THE EMPLOYER ALSO SHALL CONTRIBUTE AN AMOUNT EQUAL TO TWO AND ONE-HALF PERCENT OF THE PERSON'S EARNED COMPENSATION TO THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM FOR THE ACCRUED LIABILITY CONTRIBUTION FUND; TO AMEND SECTIONS 25-11-105, 25-11-117 AND 25-14-11, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

2 co-sponsors

Chris Brown, Jason White

Its course

January 21 to February 5, 2013, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the House of RepresentativesJan 21 to Feb 5 · stopped15 days

AppropriationsJan 21 to Feb 5 · stopped15 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the House of Representatives Jan 21 – Feb 5

  1. Jan 21Referred to the House committee on Appropriations
  2. Feb 5Died in committee in the House
All 2 actions, as published
  1. Jan 21Referred To AppropriationsHouse of Representatives
  2. Feb 5Died In CommitteeHouse of Representatives