reglab/statecodes huggingface dataset:
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 7 - SUPPLEMENTAL LEGISLATIVE RETIREMENT PLAN (§§ 25-11-301 — 25-11-319) › Section 25-11-315 - Credit for prior service

(1)
Any member of the State Legislature or the President of the Senate who becomes a member of the plan on July 1, 1989, shall be eligible for prior service as a member of the State Legislature or as President of the Senate. Each member shall submit to the board a verification of prior service as a member of the State Legislature or as President of the Senate. Upon receipt of that prior service statement, the board shall issue a prior service certificate certifying to each member the length of prior service for which credit has been allowed on the basis of the statement of service. Additional prior service regulations in force shall be those found in Section
25-11-101
et seq.
(2)
(a)
Any member of the State Legislature or the President of the Senate who becomes a member of this plan after July 1, 1989, but before July 1, 2007, shall not be allowed prior service unless the member serves as a member of the State Legislature or as President of the Senate for a minimum of four (4) years and contributes to the plan for a minimum period of four (4) years.
(b)
Any member of the State Legislature or the President of the Senate who becomes a member of this plan on or after July 1, 2007, shall not be allowed prior service unless the member serves as a member of the State Legislature or as President of the Senate for a minimum of eight (8) years and contributes to the plan for a minimum period of eight (8) years.
Laws, 1989, ch. 303, § 10; Laws, 2007, ch. 407, § 10, eff. 7/1/2007.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 7 - SUPPLEMENTAL LEGISLATIVE RETIREMENT PLAN (§§ 25-11-301 — 25-11-319) › Section 25-11-317 - Administration of supplemental legislative retirement plan

(1)
The general administration and responsibility for the proper operation of the plan and for making effective the provisions hereof are vested in the Board of Trustees of the Public Employees' Retirement System of Mississippi.
(2)
The board shall invest all funds in accordance with Section
25-11-121
.
(3)
The board shall designate an actuary who shall be the technical advisor of the board on matters regarding the operation of the plan and shall perform such other duties as are required in connection therewith.
(4)
At least once in each two-year period following the date of establishment, the actuary shall make an actuarial investigation into the mortality, service and compensation experience of the members and beneficiaries of the plan and shall make a valuation of the contingent assets and liabilities of the plan.
(5)
On the basis of regular interest and tables last adopted by the board, the actuary shall make biennial valuation of the contingent assets and liabilities of the plan.
(6)
The board shall keep such data as shall be necessary for the actuarial valuation of the contingent assets and liabilities of the plan and for checking the experience of the plan.
(7)
The board shall determine from time to time the rate of regular interest for use in all calculations, with the rate of five percent (5%) per annum applicable unless changed by the board.
(8)
Subject to the limitations hereof, the board from time to time shall establish rules and regulations for the administration of the plan and for the transaction of business.
(9)
The board shall keep a record of all its proceedings under this article which shall be open to public inspection, except for individual member records. The system shall not disclose the name, address or contents of any individual member records without the prior written consent of the individual to whom the record pertains.
(10)
The Executive Secretary of the Public Employees' Retirement System of Mississippi shall serve as the executive secretary of the plan.
Laws, 1989, ch. 303, § 11, eff. 7/1/1989.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 7 - SUPPLEMENTAL LEGISLATIVE RETIREMENT PLAN (§§ 25-11-301 — 25-11-319) › Section 25-11-319 - Exemptions from taxation, execution, and assignment; deductions from retirement allowances for payment of employer or system sponsored group life or health insurance

(1)
The right of a person to an annuity, a retirement allowance or benefit, or to the return of contributions, or to any optional benefit or any other right accrued or accruing to any person under the provisions of the Supplemental Legislative Retirement Plan, and the monies in the plan created by this article, are exempt from any state or municipal tax, and exempt from levy and sale, garnishment, attachment or any other process whatsoever, and shall be unassignable except as specifically otherwise provided in this article.
(2)
Any retired member or beneficiary receiving a retirement allowance or benefit under this article may authorize the system to make deductions from the retirement allowance or benefit for the payment of employer or system sponsored group life or health insurance. The deductions authorized under this subsection shall be subject to rules and regulations adopted by the board.
Laws, 1989, ch. 303, § 12; Laws, 1990, ch. 523, § 3; Laws, 1993, ch. 523, § 4; Laws, 2004, ch. 531, § 3, eff. 7/1/2004.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 9 - FEASIBILITY STUDY OF ESTABLISHING SEPARATE RETIREMENT PLAN FOR VOLUNTEER FIRE FIGHTERS (§ 25-11-351) › Section 25-11-351 - Feasibility study of establishing separate retirement plan for volunteer fire fighters; expenses of study

The Public Employees' Retirement System of Mississippi shall conduct a study of the feasibility of establishing a separate and distinct retirement plan for the actively participating volunteer fire fighters of this state serving with any fire department in the State of Mississippi. This study shall determine the approximate number of potential covered participants, a schedule of proposed benefits, proposed administrative processes, and a funding method with actuarial data in support thereof.
All expenses of the Public Employees' Retirement System of Mississippi in conducting the study shall be paid from its current budget. However, if the study demonstrates the viability of such a plan and such a plan is established, then the Public Employees' Retirement System of Mississippi may recover all expenses actually made in conducting the study from the retirement plan established as a result thereof.
Laws, 1990, ch. 467, § 2, eff. 7/1/1990.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-401 - Eligibility for optional program

There is established an optional retirement program for employees of the state institutions of higher learning included in Section
37-101-1
, Mississippi Code of 1972, who are appointed or employed after July 1, 1990. To be eligible to participate in the optional retirement program, a newly appointed employee must:
(a)
(i)
Hold a teaching or administrative faculty position, or
(ii)
Hold a position as an intern or resident in training at the University Medical Center or the College of Veterinary Medicine at Mississippi State University under a teaching program at such institutions; and
(b)
Be eligible for membership in the Public Employees' Retirement System of Mississippi.
Laws, 1990, ch. 458, § 1; Laws, 2001, ch. 319, § 1, eff. 7/1/2001.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-403 - Contributions to annuity contracts and mutual funds

Retirement and death benefits shall be provided to participants in the optional retirement program by contribution to annuity contracts, fixed or variable in nature, mutual fund accounts or similar investment products, or a combination thereof, at the option of the participant. The state and the participants shall contribute, in accordance with this article, toward the purchase of benefits under those contracts or accounts, which contracts or accounts shall become the property of the participants.
Laws, 1990, ch. 458, § 2; Laws, 2005, ch. 322, § 1, eff. 7/1/2005.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-405 - Administration of program; delegation of responsibilities

The Board of Trustees of the Public Employees' Retirement System shall provide for the administration of the optional retirement program. The board of trustees may delegate to the state institutions of higher learning certain responsibilities for administering the optional retirement program with respect to each institution's own employees.
Laws, 1990, ch. 458, § 3, eff. 3/24/1990.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-407 - Designation of life insurance companies for purchase of annuity contracts and mutual funds

The Board of Trustees of the Public Employees' Retirement System shall designate not less than three (3) nor more than five (5) companies to provide annuity contracts, mutual fund accounts or similar investment products, and the types of investment contracts or funds that may be offered by those companies. In making those designations, the board of trustees shall consider and be guided by:
(a)
The nature and extent of the rights and benefits to be provided by those contracts or accounts, or both, for participants and their beneficiaries;
(b)
The relation of those rights and benefits to the amount of contributions to be made;
(c)
The suitability of those rights and benefits to the needs of the participants;
(d)
The efficacy of the contracts or accounts, or both, in the recruitment and retention of faculty and administrators;
(e)
The ability and experience of the designated companies in providing those suitable rights and benefits under those contracts or accounts, or both; and
(f)
The ability and experience of the designated companies to provide both suitable participant investment guidance and investment options.
The companies shall act in a fiduciary capacity in selecting investment products that are suitable for the optional retirement program. It shall be the duty of the companies to report to and seek approval from the board for the investment products made available under this paragraph and to report the participant use of those options annually. The board reserves the right to refuse or discontinue any product offered by those companies.
Laws, 1990, ch. 458, § 4; Laws, 2005, ch. 322, § 2, eff. 7/1/2005.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-409 - Election to participate in program; time of election

Eligible employees initially employed on or after July 1, 1990, shall elect to participate in the optional retirement program within thirty (30) days after (i) entry into state service, or (ii) the effective date of the optional retirement program, whichever is later. The election must be made in writing and filed with the board of trustees and will be effective as of the date of employment. If an eligible employee fails to timely make the election provided in this section, he shall become a member of the Public Employees' Retirement System of Mississippi in accordance with Article 3 of this chapter.
Laws, 1990, ch. 458, § 5; Laws, 1999, ch. 544, § 8, eff. 7/1/1999.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-413 - Ineligibility for membership in Public Employees' Retirement System

Any person electing to participate in the optional retirement program shall be ineligible for membership in the Public Employees' Retirement System of Mississippi so long as he is employed in a position for which the optional retirement program is available. If an optional retirement program participant assumes a position in state service other than as an employee of a state institution of higher learning, he must at that time begin membership in the Public Employees' Retirement System of Mississippi in accordance with Article 3 of this chapter.
Laws, 1990, ch. 458, § 7, eff. 3/24/1990.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-415 - Deductions from employers' contribution to administer program; expense fund

The Public Employees' Retirement System of Mississippi may deduct not more than two percent (2%) of all employers' contributions and transfer such deductions to the expense fund of the Public Employees' Retirement System to defray the cost of administering the optional retirement program created by this article.
Laws, 1990, ch. 458, § 8; Laws, 2010, ch. 528, § 12, eff. 7/1/2010.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-417 - Benefits payable not obligations of state but of designated companies

Benefits payable to participants under the optional retirement program are not obligations of the State of Mississippi. Those benefits and other rights of optional retirement program participants or their beneficiaries are the liability and responsibility solely of the designated company or companies. The benefits of participants whose funds are invested with annuity providers shall be governed solely by the terms of the contracts issued by that company or companies. The benefits of participants whose funds are invested in mutual funds or other similar investment products shall be limited to the value of the account.
Laws, 1990, ch. 458, § 9; Laws, 2005, ch. 322, § 4, eff. 7/1/2005.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-419 - Exemption from state or municipal tax; exemption from levy, garnishment, attachment, or other process; application of State Life and Health Insurance Guaranty Association Act

Annuity contracts, mutual fund accounts or similar investment products authorized under the optional retirement program and all rights thereto of a participant in the optional retirement program shall be exempt from any state or municipal tax (except to the extent that state income tax is payable under Chapter 7, Title 27, Mississippi Code of 1972), shall be exempt from any levy and sale, garnishment, attachment, or any process whatsoever, and shall be unassignable except as specifically otherwise provided in the contract or account. Annuity contracts issued under the optional retirement program shall be treated under the State Life and Health Insurance Guaranty Association Act in the same manner as contracts qualified under Section 403(b) of the Internal Revenue Code.
Laws, 1990, ch. 458, § 10; Laws, 2005, ch. 322, § 5, eff. 7/1/2005.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-421 - Qualification under Section 401 (a)

The Board of Trustees of the Public Employees' Retirement System shall determine whether the optional retirement program shall be operated in conformity with Section 403(b) of the Internal Revenue Code or be qualified under Section 401(a) of the Internal Revenue Code (or any successor section). If the optional retirement program is to be qualified, the board of trustees shall file for a determination letter from the Internal Revenue Service as soon as practicable, and not later than ninety (90) days, after this article has been approved by the Governor or has been approved by the Legislature subsequent to veto, and the continuance of the optional retirement program shall be subject to a favorable determination letter issued by the Internal Revenue Service.
Laws, 1990, ch. 458, § 11, eff. 3/24/1990.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 11 - SOCIAL SECURITY AND PUBLIC EMPLOYEES' RETIREMENT AND DISABILITY BENEFITS (§§ 25-11-1 — 25-11-423) › Article 11 - OPTIONAL RETIREMENT PROGRAM FOR EMPLOYEES OF STATE INSTITUTIONS OF HIGHER LEARNING (§§ 25-11-401 — 25-11-423) › Section 25-11-423 - Actuarial study; report of study

After a period of three (3) years has elapsed from March 24, 1990, and not later than December 1, 1993, the Board of Trustees of the Public Employees' Retirement System shall have an actuarial study conducted to determine what effect the optional retirement system created by this article has had on the Public Employees' Retirement System. The results of such study shall be reported to the next regular session of the Legislature convening after completion of the study.
Laws, 1990, ch. 458, § 12, eff. 3/24/1990.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-1 - Purpose of system

There is hereby established a retirement system for the Mississippi Highway Safety Patrol, as defined in this chapter, effective July 1, 1958, under which members of the Mississippi Highway Safety Patrol may retire for superannuation or may retire for reason of disability, and providing benefits to widows and orphans of such patrolmen. This retirement system is designed to supplement and is in addition to the provisions of Sections
25-11-1
through
25-11-21
. Under the terms of this chapter, the highway safety patrolmen, as defined herein, retain all the benefits of old age and survivors insurance under the federal laws administered by the department of public health, education and welfare, or its successor, as provided in the federal and state agreement executed on July 2, 1952, but shall not be eligible for benefits under Sections
25-11-101
through
25-11-139
, which is the state retirement annuity plan for state employees. This chapter is a substitute for and in lieu of said sections, and is designed to provide more liberal benefits for the highway safety patrolmen by reason of the dangerous nature of their employment.
Codes, 1942, § 8090-51; Laws, 1958, ch. 543, § 1.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-5 - Creditable service

Creditable service on which a member's service or disability retirement benefit is based shall consist of "prior service" and membership service. Prior service shall mean service performed for the Highway Safety Patrol as defined in Section
25-13-3
before July 1, 1958 and service performed as a sworn agent for the Mississippi Bureau of Narcotics prior to March 29, 1991. No prior service credits shall be granted any person who re-enters the employment of the Highway Safety Patrol after July 1, 1958, except that any former sworn officer of the Highway Safety Patrol who returns to the Highway Safety Patrol in any capacity, and who has had not less than two (2) years of prior service as a sworn officer of the Highway Safety Patrol, and who was disabled by wounds or accident in line of duty, may become a member of the Highway Safety Patrol Retirement System with full credit for any previous service as set forth in Section
25-13-3
with the Highway Safety Patrol. Membership service shall mean all services for which credit may be allowed under this chapter subsequent to July 1, 1958, and all lawfully credited unused leave as of the date of withdrawal from service, as certified by the appointing authority.
Codes, 1942, § 8090-53; Laws, 1958, ch. 543, § 3; Laws, 1962, ch. 581, § 2; Laws, 1984, ch. 307, § 7; Laws, 1991, ch. 468 § 5, eff. 3/29/1991.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-7 - Custodian of fund; financing; payment of benefits; maintenance as separate fund

The Board of Trustees of the Public Employees' Retirement System, as created by Sections
25-11-1
through
25-11-139
, shall act as custodian of this Disability and Relief Fund for members of the Mississippi Highway Safety Patrol; shall receive to the credit of such fund all appropriations and other funds available as an employer's contribution thereto from any source whatsoever; and the Highway Safety Patrol shall each month deduct from the salary of each member, as defined in Section
25-13-3
, five percent (5%) thereof, and shall pay the amount so deducted to the Board of Trustees of the Public Employees' Retirement System to be credited to the Disability and Relief Fund for the members of the Mississippi Highway Safety Patrol. Provided, however, that the said board of trustees may, biennially, following March 18, 1977, vary the percentage of employee contribution on the basis of the liabilities of the retirement system for the various allowances and benefits as shown by actuarial valuation. From the funds credited to this account, the Board of Trustees of the Public Employees' Retirement System shall pay retirements, disability benefits, survivors benefits, expenses and shall refund contributions as provided in this chapter. The said "Disability and Relief Fund for the Mississippi Highway Safety Patrol" shall be maintained as a separate fund, separate from all other funds held by the Board of Trustees of the Public Employees' Retirement System of Mississippi and shall be used only for the payment of benefits provided for by this chapter, or amendments thereto.
Codes, 1942, § 8090-54; Laws, 1958, ch. 543, § 4; Laws, 1977, ch. 373; Laws, 2001, ch. 438, § 4, eff. 7/1/2001.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-8 - Employer to pay member contributions required for fund; tax treatment; methods of payment

The employer shall pick up the member contributions required by Section
25-13-7
, Mississippi Code of 1972, for all compensation earned after June 30, 1982, and the contributions so picked up shall be treated as employer contributions in determining tax treatment under the United States Internal Revenue Code and Mississippi Income Tax Code; however, the employer shall continue to withhold federal and state income taxes based upon these contributions until the internal revenue service or federal courts rule that pursuant to section 414(h) of the United States Internal Revenue Code, these contributions shall not be included as gross income of the member until such time as they are distributed or made available. The employer shall pay these member contributions from the same source of funds which is used in paying earnings to the member. The employer may pick up these contributions by a reduction in the cash salary of the member or by an offset against a future salary increase or by a combination of a reduction in salary and offset against a future salary increase. If member contributions are picked up they shall be treated for all purposes of the Mississippi Highway Safety Patrol Retirement System in the same manner and to the same extent as member contributions made prior to the date picked up.
Laws, 1982, ch. 381, eff. 7/1/1982.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-11.1 - Payment of retirement benefits by the most appropriate means as determined by the board

The Public Employees' Retirement System shall make payments of retirement benefits under this chapter to members and to the beneficiaries of those members, by whatever means the board prescribes by regulation to be the most appropriate for the proper and efficient payment of benefits, including, but not limited to, direct deposit to an account with a financial institution that is a participant of the Automated Clearing House designated by the member or beneficiary. The board may provide for alternative means of payment if the member or beneficiary can demonstrate that payment by the prescribed means will cause the member or beneficiary undue hardship.
Laws, 2002, ch. 627, § 3, eff. 7/1/2002.
Amended by Laws, 2016, ch. 397, HB 899, 8, eff. 7/1/2016.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-14 - One-time early retirement for members with twenty years of service

(1)
There is hereby created a one-time early retirement for any member of the Mississippi Highway Safety Patrol Retirement System who has at least twenty (20) years' of service. A superannuation retirement taken under the provisions of this section shall not be subject to the three percent (3%) penalty for a member who is below the age of fifty-five (55) years as provided in Section
25-13-11(d)
, Mississippi Code of 1972. A retirement under the provisions of this section shall be based upon the current fiscal year's salary of the applicant.
No member of the Mississippi Highway Safety Patrol Retirement System may avail himself of the benefits provided in this section from and after June 30, 1986.
(2)
This section shall stand repealed from and after June 30, 1986; however, future funding for those members who retire under the provisions of this section shall be provided from surplus funds of the Mississippi Highway Safety Patrol Retirement System as deposited therein pursuant to the provisions of Section
63-1-46
, Mississippi Code of 1972.
Laws, 1986, ch. 500, § 4, eff. 4/18/1986.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-15 - [Repealed]

Repealed by Laws, 1979, ch. 415, § 2, eff. 7/1/1979.
Codes, 1942, § 8090-58; Laws, 1958, ch. 543, § 8
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-19 - Transfer of state retirement annuity fund contributions

In any case in which a highway patrolman has been a member of the state retirement annuity system under Sections
25-11-101
through
25-11-139
and has made contributions thereto, all employee's contributions, plus interest credited thereto, inuring to the credit of any such highway patrolman shall be transferred by the public employees' retirement system to the credit of the individual highway patrolman in the disability and relief fund established by this chapter, and shall be considered an asset to the credit of the highway patrolman in this retirement system.
Codes, 1942, § 8090-60; Laws, 1958, ch. 543, § 10, eff. 7/1/1958.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-21.1 - Persons to whom benefits payable in event of death of designated beneficiary

(1)
Except as otherwise provided in subsection (2) of this section, where benefits are payable to a designated beneficiary or beneficiaries under this article and the designated beneficiary or beneficiaries as provided by the member on the most recent form filed with the system are deceased or otherwise disqualified at the time such benefits become payable, the following persons, in descending order of precedence, shall be eligible to receive such benefits:
(a)
The surviving spouse of the member or retiree;
(b)
The children of the member or retiree or their descendants, per stirpes;
(c)
The brothers and sisters of the member or retiree or their descendants, per stirpes;
(d)
The parents of the member or retiree;
(e)
The executor or administrator on behalf of the member or retiree's estate;
(f)
The persons entitled by law to distribution of the member or retiree's estate.
(2)
Any monthly benefits payable to a beneficiary who dies prior to cashing his or her final check(s) and/or any additional benefits payable pursuant to Section
25-13-12
still payable at the death of a beneficiary receiving monthly benefits shall be paid as follows:
(a)
The surviving spouse of the beneficiary;
(b)
The children of the beneficiary or their descendants, per stirpes;
(c)
The brothers and sisters of the beneficiary or their descendants, per stirpes;
(d)
The parents of the beneficiary;
(e)
The executor or administrator on behalf of the beneficiary's estate;
(f)
The persons entitled by law to distribution of the beneficiary's estate.
(3)
In the event no claim is made by any individual listed in subsection (2) of this section, a distribution may be made pursuant to the provisions of subsection (1) of this section.
(4)
Payment under the provisions of this section shall bar recovery by any other person of the benefits distributed. Payment of benefits made to one or more members of a class of individuals are made on behalf of all members of the class. Any members of the class coming forward after payment is made must look to those who received the payment.
Laws, 2000, ch. 628, § 4, eff. 7/1/2000.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-22 - Retirement system authorized to accept eligible rollover distributions to repay fund or for purchase of optional service credit

Effective July 1, 2000, and subject to the rules adopted by the board of trustees, the system shall accept an eligible rollover distribution or a direct transfer of funds from another eligible retirement plan, as defined under applicable federal law, or an individual retirement account, in payment of all or a portion of the cost to purchase optional service credit or to reinstate previously withdrawn service credit as permitted by the system. The system may only accept rollover payments in an amount equal to or less than the balance due for purchase or reinstatement of service credit. The rules adopted by the board shall condition the acceptance of a rollover or transfer from another eligible retirement plan or an individual retirement account on the receipt of information necessary to enable the system to determine the eligibility of any transferred funds for tax-free rollover treatment or other treatment under federal income tax law.
Laws, 1999, ch. 544, § 12, eff. 7/1/1999; Laws, 2002, ch. 313, § 6, eff. 3/14/2002.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-23 - Non-covered employees

All other employees of the Mississippi highway safety patrol who are not covered by this chapter shall continue as members of the Public Employees' Retirement System of Mississippi as set forth in Sections
25-11-1
through
25-11-139
, and shall continue to be subject to all provisions of said sections.
Codes, 1942, § 8090-62; Laws, 1958, ch. 543, § 12, eff. 7/1/1958.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-25 - Administrative board

There is established an administrative board for the Mississippi Highway Safety Patrol Retirement System, which shall be composed of the Commissioner of Public Safety, four (4) active members of the retirement system elected by the active members of the system, and one (1) retired member of the retirement system elected by the retired members of the system. The administrative board, with approval of the Attorney General, may make any and all regulations necessary for the efficient, orderly and successful operation of this chapter, not inconsistent herewith. This is a remedial chapter and entitled to a broad and liberal interpretation to accomplish its purpose.
Codes, 1942, § 8090-63; Laws, 1958, ch. 543, § 13; Laws, 1999, ch. 544, § 13, eff. 7/1/1999.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-27 - Cost of administering fund; maintenance and disclosure of records

The Public Employees' Retirement System of Mississippi is hereby authorized to deduct two percent (2%) of all employers' contributions paid into the "disability and relief fund for members of the Mississippi Highway Safety Patrol" to be transferred to the expense fund of the Public Employees' Retirement System of Mississippi to defray the cost of administering this fund. All books, accounts, and records shall be kept in the general office of the Public Employees' Retirement System of Mississippi and shall be public records except for individual member records. The system shall not disclose the name, address or contents of any individual member records without the prior written consent of the individual to whom the record pertains.
Codes, 1942, § 8090-64; Laws, 1958, ch. 543, § 14; Laws, 1988, ch. 396, § 4, eff. 7/1/1986.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-28 - Interest on employee reserve account

Regular interest shall be credited annually to the mean amount of the employee reserve account for the preceding year. This credit shall be made annually from interest and other earnings on the invested assets of this system. Any additional amount required to meet the regular interest on the funds of this system shall be charged to the employer's accumulation account, and any excess of earnings over such regular interest required shall be credited to the employer's accumulation account. Regular interest shall mean the percentage rate of interest compounded annually as determined by the Board of Trustees of the Public Employees' Retirement System.
Once interest is credited it shall be added to the sum of all amounts deducted from the compensation of a member and shall be included in determining his total contributions.
Laws, 1991, ch. 513, § 13; Laws, 2010, ch. 528, § 11, eff. 7/1/2010.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-29 - Actuarial valuation

At least once in each biennium the administrative board shall cause an actuarial valuation to be made by an actuary who shall certify to the assets and liabilities of the system and the amount of employer's contributions required for membership service and prior service. The cost of the survey shall be paid from any funds available to the Highway Safety Patrol.
On account of each member there shall be paid quarterly into the "Disability and Relief Fund for Members of the Mississippi Highway Safety Patrol" by the Highway Safety Patrol from any funds available an amount equal to a certain percentage of the compensation of each member to be known as the "normal contributions," and an additional amount equal to a percentage of his compensation to be known as the "accrued liability contribution." The rate percent of such contributions shall be fixed by the administrative board on the basis of the liabilities of the retirement system for the various allowances and benefits as shown by the actuarial valuation.
Codes, 1942, § 8090-65; Laws, 1958, ch. 543, § 15; Laws, 1966, ch. 620, § 4; Laws, 2002, ch. 627, § 18, eff. 7/1/2002.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-31 - Exemption of benefits from taxation, legal execution, and assignment; deductions from retirement allowances for payment of employer or system sponsored group life or health insurance

(1)
The right of a person to an annuity, a retirement allowance or benefit, or to the return of contributions, or to any optional benefits or any other right accrued or accruing to any person under the provisions of the Highway Patrol Retirement Law, the system and the monies in the system created by said law, are hereby exempt from any state, county or municipal ad valorem taxes, income taxes, premium taxes, privilege taxes, property taxes, sales and use taxes or other taxes not so named, notwithstanding any other provision of law to the contrary, and exempt from levy and sale, garnishment, attachment, or any other process whatsoever, and shall be unassignable except as specifically otherwise provided in this article.
(2)
Any retired member or beneficiary receiving a retirement allowance or benefit under this article may authorize the Public Employees' Retirement System to make deductions from the retirement allowance or benefit for the payment of employer or system sponsored group life or health insurance. The deductions authorized under this subsection shall be subject to rules and regulations adopted by the Board of Trustees of the Public Employees' Retirement System.
Laws, 1975, ch. 500, § 2; Laws, 1987, ch. 327, § 2; Laws, 1990, ch. 523, § 4; Laws, 1993, ch. 523, § 5; Laws, 2004, ch. 531, § 4, eff. 7/1/2004.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 13 - HIGHWAY SAFETY PATROL RETIREMENT SYSTEM (§§ 25-13-1 — 25-13-35) › Section 25-13-35 - [Repealed]

Repealed by its own terms, eff.7/1/1992.
Laws, 1991, ch. 513, § 14
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 14 - GOVERNMENT EMPLOYEES DEFERRED COMPENSATION PLAN LAW (§§ 25-14-1 — 25-14-15) › Section 25-14-1 - Title

This chapter shall be known as the "Government Employees Deferred Compensation Plan Law," and may be so cited.
Laws, 1973, ch. 399, § 1, eff. 3/28/1973.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 14 - GOVERNMENT EMPLOYEES DEFERRED COMPENSATION PLAN LAW (§§ 25-14-1 — 25-14-15) › Section 25-14-3 - Definitions

For the purposes of this chapter, the term "employee" means any person, whether appointed, elected, or under contract, providing services for the State of Mississippi, state agencies, counties, municipalities, or other political subdivisions, for which compensation is paid.
Laws, 1973, ch. 399, § 2, eff. 3/28/1973.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 14 - GOVERNMENT EMPLOYEES DEFERRED COMPENSATION PLAN LAW (§§ 25-14-1 — 25-14-15) › Section 25-14-5 - Deferred compensation program authorized; investment; deferred compensation exempt from tax and execution

The State of Mississippi, or any state agency, county, municipality or other political subdivision may, by contract, agree with any employee to defer, in whole or in part, any portion of that employee's income, and a county, municipality or other political subdivision, except community and junior college districts, may make contributions to the plan on behalf of actively participating members on a uniform basis through an employer contribution agreement as provided for in the Mississippi Deferred Compensation Plan and Trust Plan Document if making the contribution does not conflict with any other state law. Those funds may subsequently be used to purchase a fixed or variable life insurance or annuity contract authorized for purchase by the Public Employees' Retirement System of Mississippi for the purpose of protecting its obligation to the deferred compensation program for the employee from any life underwriter duly licensed by this state who represents an insurance company licensed to contract fixed and variable annuities and fixed or variable life insurance business in this state and authorized by the Public Employees' Retirement System of Mississippi to offer their products in the plan, or to purchase any investments authorized for purchase by the Public Employees' Retirement System of Mississippi under Section
25-11-121
, or to invest those monies in a fund or funds maintained by a corporate trustee, which fund or funds are used as an investment media for retirement, pension or profit sharing plans that are tax qualified for that purpose. However, in the administration of this plan, the Public Employees' Retirement System of Mississippi may adopt such regulations as are reasonable and necessary to assure the orderly functioning of the plan, but those regulations shall not unreasonably restrict all licensed life underwriters and insurance companies described in this section from concurrently participating in providing contracts authorized under this section. Anything in any other law to the contrary notwithstanding, the deferred portion of the employee's compensation, the plan and the monies in the plan created by this chapter are exempt from any state, county or municipal ad valorem taxes, income taxes, premium taxes, privilege taxes, property taxes, sales and use taxes and any other taxes not so named, until the deferred compensation is paid to the employee or beneficiary and exempt from levy, garnishment, attachment or any other process whatsoever.
Laws, 1973, ch. 399, § 3; Laws, 1974, ch. 549 § 1; Laws, 1979, ch. 392, § 1; Laws, 1987, ch. 327, § 3; Laws, 2007, ch. 505, § 1, eff. 3/30/2007.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 14 - GOVERNMENT EMPLOYEES DEFERRED COMPENSATION PLAN LAW (§§ 25-14-1 — 25-14-15) › Section 25-14-7 - Administration of deferred compensation program

The administration of the deferred compensation program shall be under the direction of the Public Employees' Retirement System of Mississippi or the appropriate officer designated by a county, municipality or other political subdivision. The deferred compensation program shall be operated in accordance with the guidelines established by the Internal Revenue Service as reflected in the plan document as may be modified from time to time by the board of trustees. Payroll reductions shall be made, in each instance, by the appropriate payroll officer. The administrator of a deferred compensation program may contract with a private corporation or institution for providing consolidated billing and other administrative services if deemed necessary by the administrator.
The board of trustees may levy such charges and fees on participants' contributions as may reasonably be necessary to provide for the administrative expenses of operating the deferred compensation program, including, but not limited to, the services of auditors, consultants, money managers and third-party administrators.
Laws, 1973, ch. 399, § 4; Laws, 1974, ch. 549, § 2; Laws, 1991, ch. 513, § 17; Laws, 2007, ch. 505, § 2, eff. 3/30/2007.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 14 - GOVERNMENT EMPLOYEES DEFERRED COMPENSATION PLAN LAW (§§ 25-14-1 — 25-14-15) › Section 25-14-9 - Investment of monies in life insurance and annuity contracts or in other funds authorized

Notwithstanding any other provision of law to the contrary, the Public Employees' Retirement System of Mississippi or the appropriate officer of a county, municipality, or other political subdivision designated to administer a deferred compensation program is hereby authorized to invest the monies held pursuant to a deferred compensation program in fixed and variable life insurance or annuity contracts; or to purchase any investments authorized for purchase by the Public Employees' Retirement System of Mississippi under Section
25-11-121
, Mississippi Code of 1972; or to invest such monies in a fund or funds maintained by a corporate trustee, which fund or funds are used as an investment media for retirement, pension or profit sharing plans that are tax qualified for such purpose.
Laws, 1973, ch. 399, § 5; Laws, 1974, ch. 549, § 3, eff. 4/12/1974.
Mississippi Code 1972 (2023) › Title 25 - PUBLIC OFFICERS AND EMPLOYEES; PUBLIC RECORDS (§§ 25-1-1 — 25-65-33) › Chapter 14 - GOVERNMENT EMPLOYEES DEFERRED COMPENSATION PLAN LAW (§§ 25-14-1 — 25-14-15) › Section 25-14-11 - Deferred compensation program additional to other retirement, pension, and benefit systems

The deferred compensation program established by this chapter shall exist and serve in addition to other retirement, pension, or benefit systems established by the State of Mississippi, state agencies, counties, municipalities, or other political subdivisions. The deferred compensation program established by this chapter shall not supersede, make inoperative, or reduce any benefits provided by the Public Employees' Retirement System of Mississippi, by the Teachers' Retirement System of Mississippi, by programs established under the general municipal employees' retirement act, or by any other retirement, pension, or benefit program established by law.
Laws, 1973, ch. 399, § 6, eff. 3/28/1973.