Mississippi SB2906 repeals Tier 5 of the Public Employees' Retirement System, affecting new hires from March 1, 2026, and introduces a different.
Mississippi SB2906 repeals the new Tier 5 in the Mississippi Public Employees' Retirement System, which was created in House Bill No. 1, 2025 Regular Session, for employees becoming members of the system on or after March 1, 2026. The bill also introduces a different cost-of-living adjustment (COLA) for these new hires. The changes are effective from February 28, 2026.
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