Mississippi SB2004: Mississippi PERS Stability Act; enact.

What the bill says

An act to enact the mississippi pers stability act; to direct the transfer of $500,000,000.00 from the capital expense fund to the employers' accumulation account of the public employees' retirement system created in section 25-11-123(c) on july 1, 2026; to direct the annual transfer of $50,000,000.00 from the capital expense fund to the employers' accumulation account of the public employees' retirement system created in section 25-11-123(c) from july 1, 2027, and on every july 1 thereafter through and including july 1, 2036…

From the introduced text:

AN ACT TO ENACT THE MISSISSIPPI PERS STABILITY ACT; TO DIRECT THE TRANSFER OF $500,000,000.00 FROM THE CAPITAL EXPENSE FUND TO THE EMPLOYERS' ACCUMULATION ACCOUNT OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM CREATED IN SECTION 25-11-123(C) ON JULY 1, 2026; TO DIRECT THE ANNUAL TRANSFER OF $50,000,000.00 FROM THE CAPITAL EXPENSE FUND TO THE EMPLOYERS' ACCUMULATION ACCOUNT OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM CREATED IN SECTION 25-11-123(C) FROM JULY 1, 2027, AND ON EVERY JULY 1 THEREAFTER THROUGH AND INCLUDING JULY 1, 2036; TO PROVIDE FOR GENERAL FUNDS TO BE USED IN THE EVENT THAT UNOBLIGATED FUNDS ARE NOT AVAILABLE IN THE CAPITAL EXPENSE FUND; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. This act shall be known and may be cited as the "Mississippi PERS Stability Act." SECTION 2. On July 1, 2026, the State Treasurer, in conjunction with the State Fiscal Officer, shall transfer the sum of Five Hundred Million Dollars ($500,000,000.00) from the Capital Expense Fund (Fund No. 6499C00000) to the Employers' Accumulation Account of the Public Employees' Retirement System created in Section 25-11-123(c), Mississippi Code of 1972. SECTION 3. (1) On July 1, 2027, and on every July thereafter through and including July 1, 2036, the State *SS26/R27.1* S. B. No. 2004 ~ OFFICIAL ~ G1/2 26/SS26/R27.1 PAGE …

Read the full official text

Sponsors

• Sparks, Daniel H. (R, 5) · primary sponsor
• Harkins, Josh (R, 20)
• Hopson, W. Briggs (R, 23)
• Blackmon, Bradford (D, 21)
• Blackwell, Kevin (R, 19)
• Boyd, Nicole (R, 9)
• Butler, Albert (D, 37)
• Chism, Kathy L. (R, 3)
• DuPree, Johnny L. (D, 45)
• Fillingane, Joey (R, 41)

Latest actions

1. March 3, 2026: Died In Committee
2. February 6, 2026: Referred To State Affairs;Appropriations A
3. January 8, 2026: Transmitted To House
4. January 7, 2026: Passed
5. January 6, 2026: Title Suff Do Pass
6. January 6, 2026: Referred To Appropriations

Votes

• Passed (January 7, 2026): 52 yea, 0 nay, passed

Common questions

What is SB2004?

SB2004 is a bill in the Mississippi Legislature (2026 Regular Session): Mississippi PERS Stability Act; enact.

What does SB2004 do?

In its own words: An act to enact the mississippi pers stability act; to direct the transfer of $500,000,000.00 from the capital expense fund to the employers' accumulation account of the public employees' retirement system created in section 25-11-123(c) on july 1, 2026; to direct the annual transfer of $50,000,000.00 from the capital expense fund to the employers' accumulation account of the public employees' retirement system created in section 25-11-123(c) from july 1, 2027, and on every july 1 thereafter through and including july 1, 2036…

What is the status of SB2004?

Failed as of March 3, 2026. Latest action: Died In Committee (March 3, 2026).

Who sponsored SB2004?

Sparks, Daniel H. (R, 5), with 9 co-sponsors.

Where is the official record for SB2004?

On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2004.xml