Mississippi Administrative Code › Title 27 - STATE PERSONNEL BOARD › Part 210 - PERS, Regulations for Retirement Plans Administered by the Board of Trustees › Chapter 35 - Filing an Application for Monthly Benefits and Establishing an Effective Date of Retirement › Section 27-210-35-105 - Effect of Pending Service Credit Transactions on Qualification for a Benefit and on the Effective Date of Benefits

Current through June 25, 2024
1. The right of a
				member to repay a refund, to purchase service credit, or to pay an adjustment
				for unreported wages or service credit belongs only to the member and ceases
				with the member's death or retirement.
2. A member who wishes to repay a refund to
				establish previously forfeited service credit must do so before his or her
				death or before his or her effective date of retirement. Where a member is in
				the process of repaying any part of a refund, the effective date of retirement
				cannot be established until the payment is received by PERS.
3. The payment of an adjustment for
				unreported income and/or service credit based on unreported wages and/or
				service or for the purchase of optional service credit must be completed prior
				to the death or the effective date of retirement of the member. If a member is
				in the process of purchasing service credit based on a reporting error
				adjustment or purchasing optional service credit at the time of retirement, the
				effective date of retirement cannot be established until the purchase is
				completed.
4. The payment for any
				adjustment for underreported income required to award or retain service credit
				must be completed prior to the death or effective date of retirement of the
				member. If a member is in the process of paying contributions and interest at
				the time of retirement due to an underreporting of earnings, the effective date
				of retirement cannot be established until the purchase is completed. However,
				in the case of elected fee officials, benefits can be initiated prior to the
				complete reporting of the final year's wages and contributions. If, however,
				full contributions are not remitted to PERS within 90 days following the due
				date of the fee official's final annual financial report as prescribed by law,
				PERS may suspend benefits until such time as all contributions and interest, if
				any, due are made.
5. All rights to
				purchase retroactive service credit or repay a refund as provided in Miss. Code
				Ann. §
									25-11-101
				et seq. (1972, as amended) terminate upon retirement. Likewise, the right of a
				member to make a claim for service credit for prior service, service credit
				attributable to unused personal (vacation) and major medical (sick) leave days,
				military service, out-of-state service, service credit for professional leave,
				and non-covered service as provided in Miss. Code Ann. §
									25-11-109
				(1972, as amended) ceases with the member's retirement. Any member who wishes
				to make a claim for service credit attributable to the above types of service
				must do so before his or her effective date of retirement. The executive
				director may, due to extenuating circumstances and at his or her discretion,
				extend the period for claiming service credit attributable to unused personal
				(vacation), major medical (sick) leave days, or active duty military service
				for up to 90 days following the effective date of retirement based on
				information or documentation provided in a written request from the
				applicant.