SB2900

Mississippi SB2900 allows Roth and other after-tax accounts in the state's deferred compensation plan and mandates compliance with qualified domestic.

Mississippi SB2900 amends the Mississippi Deferred Compensation Plan and Trust to allow Roth and other after-tax contribution vehicles. It specifies that such contributions are treated as income at the time they would have been received. The bill also mandates compliance with qualified domestic relations orders, ensuring that alternate payees can receive benefits as established by such orders. The deferred compensation remains exempt from various taxes until paid out.