Mississippi SB2909 reduces the creditable service requirement for retirement from 35 to 30 years.
Mississippi SB2909 amends the Public Employees' Retirement System to reduce the creditable service requirement for retirement from 35 to 30 years. The bill brings forward sections 25-11-103, 25-11-105, and 25-11-109 of the Mississippi Code of 1972 for possible amendment. It affects state employees who become members of the retirement system, altering the conditions for creditable service and retirement eligibility. The changes apply to employees who joined the system before and after specific dates, affecting their retirement benefits calculations.
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