Mississippi Work and Save Program; create; revise certain PERS provisions.

Summary

The Mississippi Work and Save Program lets eligible workers at employers that don’t already offer a retirement plan voluntarily contribute to a Roth IRA through payroll deductions. The bill also changes several provisions of the Public Employees’ Retirement System, including lowering the service credit needed for retirement and easing rules for retirees returning to work. Funding comes from a new administrative fund and authorized state bonds.

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