l9n/ Mississippi

2024 Regular Session

Senate Bill 3231

PERS; revise employer contribution rate increase, and redefine responsibilities of board and Legislature.

Became law as Chapter 500, Laws of 2024, without the Governor's signature, May 9, 2024, 13 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 25-11-123, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE INCREASE IN THE EMPLOYER'S CONTRIBUTION RATE THAT IS SCHEDULED TO TAKE EFFECT ON JULY 1, 2024, IS RESCINDED AND SHALL NOT TAKE EFFECT; TO PROVIDE FOR A 1/2% INCREASE IN THE EMPLOYER'S CONTRIBUTION RATE ON JULY 1 OF EACH YEAR FROM 2024 THROUGH 2028; TO REQUIRE THAT ANY RECOMMENDATION BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO ADJUST EMPLOYER CONTRIBUTIONS BE ACCOMPANIED BY AT LEAST TWO INDEPENDENT ACTUARIAL ASSESSMENTS; TO ALLOW THE BOARD TO MAKE RECOMMENDATIONS REGARDING ADDITIONAL FUNDING SOURCES FOR THE RETIREMENT PLAN, INCLUDING EMPLOYER CONTRIBUTION INCREASES, BASED ON THE PLAN'S ASSETS AND LIABILITIES, AND THE REQUIRED ACTUARIAL ASSESSMENTS; TO RESERVE TO THE LEGISLATURE THE AUTHORITY TO IMPLEMENT SUCH RECOMMENDATIONS; TO EXPRESS THE INTENT OF THE LEGISLATURE THAT, IN THE 2025 REGULAR SESSION, A LAW BE ENACTED TO CREATE A NEW TIER FOR FUTURE MEMBERS OF THE SYSTEM, IN FURTHERANCE OF THE SYSTEM'S CONTINUED FINANCIAL STABILITY AND SUSTAINABILITY; TO SPECIFY THAT THE SECTION SHALL NOT BE CONSTRUED TO PROVIDE AUTHORITY TO REDUCE OR ELIMINATE ANY EARNED BENEFITS PROVIDED BY THE STATE TO CURRENT RETIREES OR CURRENT MEMBERS OF THE RETIREMENT SYSTEM; 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 Senate

Its course

April 26 to May 9, 2024, 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 action14 actions on 5 days

In the SenateApr 26 to Apr 260 days

Accountability, Efficiency, TransparencyApr 26 to Apr 260 days

In the House of RepresentativesApr 26 to Apr 271 day

State AffairsApr 26 to Apr 271 day

With the GovernorApr 27 to May 912 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 Senate Apr 26

  1. Apr 26Referred to the Senate committee on Accountability, Efficiency, Transparency
  2. Reported from committee in the Senate: title sufficient, do pass
  3. Passed the Senate

In the House of Representatives Apr 26 – Apr 27

  1. Apr 26Released in the Senate to be sent on at once
  2. Sent to the House
  3. Referred to the House committee on State Affairs
  4. Apr 27Reported from committee in the House: title sufficient, do pass
  5. Passed the House

To the Governor Apr 27 – May 9

  1. Apr 27Motion in the House to reconsider entered (Johnson and Zuber)
  2. Apr 28Motion in the House to reconsider tabled
  3. Returned to the Senate for enrolling
  4. Apr 29Enrolled bill signed in the Senate
  5. Enrolled bill signed in the House
  6. May 9Became law without the Governor's signature
All 14 actions, as published
  1. Apr 26Referred To Accountability, Efficiency, TransparencySenate
  2. Apr 26Title Suff Do PassSenate
  3. Apr 26PassedSenate
  4. Apr 26Immediate ReleaseSenate
  5. Apr 26Transmitted To HouseSenate
  6. Apr 26Referred To State AffairsHouse of Representatives
  7. Apr 27Title Suff Do PassHouse of Representatives
  8. Apr 27PassedHouse of Representatives
  9. Apr 27Motion to Reconsider Entered (Johnson, Zuber)House of Representatives
  10. Apr 28Motion to Reconsider TabledHouse of Representatives
  11. Apr 28Returned For EnrollingHouse of Representatives
  12. Apr 29Enrolled Bill SignedSenate
  13. Apr 29Enrolled Bill SignedHouse of Representatives
  14. May 9Law W/out Governor's SignatureGovernor