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 27-210-35-101 - Establishing the Effective Date of Retirement

Current through June 25, 2024
1.
Application for Service Retirement
a. The effective date of service retirement
				shall be the first of the month following withdrawal or termination from
				service as defined under Miss. Code Ann. §
										25-11-103(aa)
				(1972, as amended) and receipt by PERS of the properly completed application
				for service retirement, provided that the member is eligible for service
				retirement benefits on said date.
b. The Application consists of the
i. Form 9A SRVC,
Pre-Application for
				Service Retirement Benefits
;
ii. Form 9S,
Service Retirement
				Application
;
iii. Form 9P,
				Payroll Authorization
iv. Form
				PLSO,
Partial Lump Sum Option Distribution Election
(if
				applicable), and
v. Acceptable
				proof of age for the applicant and for the beneficiary(ies), if selecting a
				joint and survivor option.
c. Receipt of Form 9A SRVC,
Pre-Application for Service Retirement Benefits
, will be used
				in setting the effective date of retirement provided that all other forms in
				the Application as noted in Section 101.1.b of this Regulation are received in
				the PERS office no later than 90 days following the effective date of
				retirement.
d. All forms in the
				Application must be on file in the PERS office before benefit payments can be
				initiated.
e. Failure to submit all
				required forms in the Application within 90 days following the effective date
				of retirement, as established upon receipt of the Form 9A SRVC, will require
				the completion of a new Application thereby establishing a new effective date.
				The executive director may, due to extenuating circumstances and at his or her
				discretion, extend the 90-day period for completing the application by up to an
				additional 90 days based on information or documentation provided in a written
				request from the applicant.
f.
				Where a vested member has withdrawn or terminated from service but is not
				eligible for retirement benefits at the time of withdrawal or termination from
				employment and has not returned to covered employment, he or she may at a later
				date become eligible for a service retirement allowance, provided that he or
				she does not subsequently withdraw his or her accumulated member contributions
				and interest. The effective date of retirement will be the first of the month
				following the event that qualifies him or her for retirement, provided PERS has
				received a properly completed Application as noted in Section 101.1.b of this
				Regulation. Such events include:
i. reaching
				the statutory age at which a member with the requisite minimum number of years
				of membership service is eligible for a retirement allowance; or
ii. completion of the purchase of eligible
				service credit or repayment of a refund that gives the member the requisite
				years of creditable service necessary to qualify for a retirement allowance
				regardless of age.