HB 1590 - Amends Public Employees Retirement System (PERS) Membership Board Oversight - Mississippi Key Vote

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Title: Amends Public Employees Retirement System (PERS) Membership Board Oversight

Vote Smart's Synopsis:

Vote to pass a bill that amends the public employee retirement system (PERS) membership board within the state treasurer and repeals scheduled employer's contribution increase in the state of Mississippi.

Highlights:

  • Specifies the membership of the board of trustees for the public retirement system (Sec. 1). 

  • Specifies terms of the board of trustees (Sec. 1). 

  • Requires each member of the board to have knowledge of investment and the principles of the retirement system (Sec. 1). 

  • Specifies that employees will not have th3eir contribution rate to the retirement system until June 30th, 2024 (Sec. 1).

Title: Amends Public Employees Retirement System (PERS) Membership Board Oversight

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