Mississippi legislation · 2026 Regular Session
Mississippi SB2910: PERS; require any terminated plan to pay net pension liability to board in a lump sum before termination.
Status: Failed, March 3, 2026
AN ACT TO AMEND SECTION 25-11-105, MISSISSIPPI CODE OF 1972, TO REQUIRE ANY TERMINATED PLAN PREVIOUSLY APPROVED BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO PAY TO THE BOARD ITS PORTION OF THE NET PENSION LIABILITY AS OF JUNE 30, 2026, OR THE DATE OF TERMINATION, WHICHEVER AMOUNT IS GREATER, IN A LUMP SUM BEFORE TERMINATION, AS PROVIDED BY BOARD REGULATIONS; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 25-11-105, mississippi code of 1972, to require any terminated plan previously approved by the board of trustees of the public employees' retirement system to pay to the board its portion of the net pension liability as of june 30, 2026, or the date of termination, whichever amount is greater, in a lump sum before termination, as provided by board regulations; and for related purposes.
From the introduced text:
AN ACT TO AMEND SECTION 25-11-105, MISSISSIPPI CODE OF 1972, TO REQUIRE ANY TERMINATED PLAN PREVIOUSLY APPROVED BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO PAY TO THE BOARD ITS PORTION OF THE NET PENSION LIABILITY AS OF JUNE 30, 2026, OR THE DATE OF TERMINATION, WHICHEVER AMOUNT IS GREATER, IN A LUMP SUM BEFORE TERMINATION, AS PROVIDED BY BOARD REGULATIONS; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 25-11-105, Mississippi Code of 1972, is amended as follows: 25-11-105. I. THOSE WHO ARE ELIGIBLE FOR MEMBERSHIP The membership of this retirement system shall be composed as follows: (a) (i) All persons who become employees in the state service after January 31, 1953, and whose wages are subject to payroll taxes and are lawfully reported on IRS Form W-2, except those specifically excluded, or as to whom election is provided in Articles 1 and 3, shall become members of the retirement system as a condition of their employment. *SS08/R13* S. B. No. 2910 ~ OFFICIAL ~ G1/2 26/SS08/R13 PAGE 1 (icj\kr) (ii) From and after July 1, 2002, any individual who is employed by a governmental entity to perform professional services shall become a member of the system if the individual is paid regular periodic compensation for …
Sponsors
- Sparks, Daniel H. (R, 5) · primary sponsor
- Blount, David (D, 29)
Latest actions
- : Died In Committee
- : Referred To State Affairs;Appropriations A
- : Transmitted To House
- : Immediate Release
- : Passed
- : Title Suff Do Pass
- : Referred To Finance
Votes
- Passed (February 5, 2026): 52 yea, 0 nay, passed
Common questions
- What is SB2910?
- SB2910 is a bill in the Mississippi Legislature (2026 Regular Session): PERS; require any terminated plan to pay net pension liability to board in a lump sum before termination.
- What does SB2910 do?
- In its own words: An act to amend section 25-11-105, mississippi code of 1972, to require any terminated plan previously approved by the board of trustees of the public employees' retirement system to pay to the board its portion of the net pension liability as of june 30, 2026, or the date of termination, whichever amount is greater, in a lump sum before termination, as provided by board regulations; and for related purposes.
- What is the status of SB2910?
- Failed as of March 3, 2026. Latest action: Died In Committee (March 3, 2026).
- Who sponsored SB2910?
- Sparks, Daniel H. (R, 5), with 1 co-sponsor.
- Where is the official record for SB2910?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2910.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.