Bill Text: MS SB2488 | 2024 | Regular Session | Introduced
Bill Title: First Responders Retirement Incentive; create.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2024-03-05 - Died In Committee [SB2488 Detail]
Download: Mississippi-2024-SB2488-Introduced.html
MISSISSIPPI LEGISLATURE
2024 Regular Session
To: Finance
By: Senator(s) DeLano
Senate Bill 2488
AN ACT TO CREATE A NEW SECTION IN TITLE 25, CHAPTER 11, ARTICLE 3, MISSISSIPPI CODE OF 1972, TO IMPLEMENT THE "FIRST RESPONDERS RETIREMENT INCENTIVE"; TO PROVIDE, FOR THIS INCENTIVE, THAT ANY MEMBER OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM HIRED ON OR AFTER JULY 1, 2011, SHALL EARN ONE YEAR OF CREDITABLE SERVICE AT NO COST TO MEMBERS FOR EVERY FIVE YEARS SERVED AS A FIRST RESPONDER IN THE STATE OF MISSISSIPPI; TO PROVIDE THAT, IN ORDER TO USE THIS INCENTIVE, THE FIRST RESPONDER MUST NOT HAVE ANY FELONY CONVICTIONS AT THE TIME OF RETIREMENT; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The section implements the "First Responders Retirement Incentive." Any member hired on or after July 1, 2011, shall earn one (1) year of creditable service at no cost to members for every five (5) years served as a first responder in the State of Mississippi. In order to use this incentive, the first responder must not have any felony convictions at the time of retirement.
SECTION 2. Section 1 of this act shall be codified in Title 25, Chapter 11, Article 3, Mississippi Code of 1972.
SECTION 3. This act shall take effect and be in force from and after July 1, 2024.
