Bill Text: MS SB2646 | 2015 | Regular Session | Introduced

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Bill Title: PERS; require to study SLRP to determine the feasibility of closing or allowing members to opt out.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2015-02-03 - Died In Committee [SB2646 Detail]

Download: Mississippi-2015-SB2646-Introduced.html

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MISSISSIPPI LEGISLATURE

2015 Regular Session

To: Finance

By: Senator(s) McDaniel

Senate Bill 2646

AN ACT TO REQUIRE THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO CONDUCT A STUDY OF THE SUPPLEMENTAL LEGISLATIVE RETIREMENT PLAN (SLRP) TO DETERMINE THE FEASIBILITY AND COST OF CLOSING SLRP TO NEW MEMBERS AND/OR OFFERING MEMBERS THE ABILITY TO OPT OUT OF SLRP; TO REQUIRE PERS TO FILE A REPORT WITH THE LEGISLATURE BY NOT LATER THAN DECEMBER 1, 2015; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  The Public Employees' Retirement System (PERS) shall conduct a thorough and comprehensive study of the Supplemental Legislative Retirement Plan (SLRP) to determine the feasibility and cost of closing SLRP to new members and/or giving members the option to withdraw from SLRP.  PERS shall file a report of its findings and recommendation with the Legislature by not later than December 1, 2015.

     SECTION 2.  This act shall take effect and be in force from and after its passage.