PERS; revise Tier 5 service years for retirement eligibility from 35 to 30 years.

Summary

The measure changes Mississippi’s public employee retirement system by allowing members who have completed 30 years of creditable service to receive a retirement allowance regardless of age, and lets those with at least eight years of service retire at age 60. It also revises how average compensation is calculated for the new tier. The bill died in committee and did not become law.

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