HB889: Supplemental Legislative Retirement Plan; new legislators not members and current members do not earn additional credit.

Legislative Summary

An Act To Amend Section 25-11-305, Mississippi Code Of 1972, To Provide That All Persons Who Become Members Of The State Legislature For The First Time On Or After July 1, 2023, And The Persons Who Become The President Of The Senate For The First Time On Or After July 1, 2023, Shall Not Become Members Of The Supplemental Legislative Retirement Plan; To Provide That From And After July 1, 2023, The Members Of The State Legislature And The President Of The Senate Shall Not Earn Any Additional Creditable Service As A Member Of The State Legislature Or As The President Of The Senate For The Purposes Of The Plan; To Amend Section 25-11-307, Mississippi Code Of 1972, To Provide That From And After July 1, 2023, The Members Of The Plan Will Not Pay The Employee's Contribution And The State Legislature Will Not Pay The Employer's Contribution For Members Of The Plan; And For Related Purposes.