Mississippi House Bill 859 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 11 2011 - 100% progression
Action: 2011-03-11 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Amend Section 25-11-115, Mississippi Code Of 1972, To Provide That Any Retired Member Of The Public Employees' Retirement System (pers) Who Is Receiving A Reduced Retirement Allowance Under Option 4 Whose Designated Beneficiary Predeceases Him Or Her, Or Whose Marriage To A Spouse Who Is His Or Her Designated Beneficiary Is Terminated By Divorce Or Other Dissolution, May Elect To Cancel The Reduced Retirement Allowance And Receive The Maximum Retirement Allowance For Life In An Amount Equal To The Amount That Would Have Been Payable If The Member Had Not Elected Option 4; To Provide That Any Retired Member Of Pers Who Is Receiving The Maximum Retirement Allowance For Life, Or A Retirement Allowance Under Option 1, And Who Marries After His Or Her Retirement May Elect To Cancel The Maximum Retirement Allowance And Receive A Reduced Retirement Allowance Under Option 4 To Provide Continuing Lifetime Benefits To His Or Her Spouse; To Provide That For Members Who Retire On Or After July 1, 2012, The Actuarial Equivalent Factor Used To Compute The Reduced Retirement Allowance At Retirement Or Upon Any Subsequent Recalculation Of The Benefit Shall Be The Factor For The Age Of The Retiree And His Or Her Beneficiary At The Time Of Retirement Or At The Time An Election For Recalculation Of Benefits Is Made; To Amend Section 25-13-16, Mississippi Code Of 1972, To Provide A New Option 4 For Members Of The Mississippi Highway Safety Patrol Retirement System (mhsprs), Which Provides That Upon The Retired Member's Death, Three-fourths Of The Member's Reduced Retirement Allowance Will Be Continued Throughout The Life Of The Person Designated By The Member At The Time Of Retirement; To Provide That Any Retired Member Of The Mhsprs Who Is Receiving A Reduced Retirement Allowance Under This New Option 4 Whose Designated Beneficiary Predeceases Him, Or Whose Marriage To A Spouse Who Is His Designated Beneficiary Is Terminated By Divorce Or Other Dissolution, May Elect To Cancel His Reduced Retirement Allowance And Receive The Maximum Retirement Allowance For Life In An Amount Equal To The Amount That Would Have Been Payable If The Member Had Not Elected This Option; To Provide That Any Retired Member Of The Mhsprs Who Is Receiving The Maximum Retirement Allowance For Life, Or A Retirement Allowance Under Option 1, And Who Marries After His Retirement May Elect To Cancel His Maximum Retirement Allowance And Receive A Reduced Retirement Allowance Under Option 2, Option 4 Or Option 4-a To Provide Continuing Lifetime Benefits To His Spouse; And For Related Purposes.

Retirement; allow members who retire under Option 4 to modify benefits if their marital status changes.

Rep. Johnny Stringer [D]

2011-03-03 - Senate - Senate Passed (Y: 48 N: 0 NV: 3 Abs: 0) [PASS]
2011-02-02 - House - House Passed (Y: 119 N: 0 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2011-03-11		Approved by Governor
2011-03-08		Enrolled Bill Signed
2011-03-08		Enrolled Bill Signed
2011-03-04		Transmitted To House
2011-03-03		Passed
2011-03-01		Title Suff Do Pass
2011-02-07		Referred To Finance
2011-02-03		Transmitted To Senate
2011-02-02		Passed
2011-02-01		Title Suff Do Pass
2011-01-17		Referred To Appropriations

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0859.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0800-0899/HB0859IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0800-0899/HB0859PS.htm
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0800-0899/HB0859SG.htm
Roll Call	https://billstatus.ls.state.ms.us/2011/pdf/votes/house/0300008.pdf
Roll Call	https://billstatus.ls.state.ms.us/2011/pdf/votes/senate/0590008.pdf