Mississippi 2023 Regular Session

Mississippi Senate Bill SB2850

Introduced
1/16/23  
Refer
1/16/23  

Caption

Mississippi Highway Patrol Retirement Health Insurance Benefit Program; establish.

Impact

The bill aims to positively affect the financial landscape for retired highway patrol members, ensuring they receive support in managing health insurance costs. By not counting these monthly payments as income for tax purposes, the legislation seeks to alleviate potential tax burdens on retirees, enhancing their disposable income. The funding will come from a newly created special fund, which will not allow any unspent amounts to revert to the State General Fund, ensuring these resources remain available for the intended beneficiaries and purposes.

Summary

Senate Bill 2850 establishes the Mississippi Highway Patrol Retirement Health Insurance Benefit Program. This program aims to provide financial assistance to retired members of the Mississippi Highway Patrol by offering a monthly payment of $250 to help offset their health insurance costs. The payments will be available only to those retirees who have not yet reached the age of 65, with entitlements ceasing once the retiree reaches this age. This initiative targets the financial well-being of law enforcement retirees during a critical period when they often face rising healthcare expenses as they transition out of service.

Conclusion

In summary, SB 2850 addresses critical health insurance needs for retired law enforcement personnel, fostering their security and well-being. As it moves forward, it will be vital to monitor its reception and impact within affected communities, ensuring it meets the needs it was designed to serve.

Contention

While there appear to be no significant public controversies surrounding the enactment of SB 2850, discussions among policymakers suggest varying opinions on the adequacy of the proposed support and whether the amount set ($250) sufficiently addresses the healthcare costs faced by retired members of the Mississippi Highway Patrol. Additionally, some members may express concerns regarding the long-term sustainability and funding of this program.

Companion Bills

No companion bills found.

Previously Filed As

MS SB2904

General Fund; FY2024 Mississippi Highway Patrol Retirement Health Insurance Benefit Program.

MS HB409

Mississippi Highway Patrol retirees; require state to appropriate money to offset the health insurance costs of.

MS SB2458

2023 Mississippi Tax Rebate Fund; establish and provide for one-time income tax rebate from.

MS HB973

Mental Health Employee Retention Loan Repayment Program; create.

MS HB572

Mental Health Employee Retention Loan Repayment Program; create and provide funding for.

MS HB684

Income tax; exempt income of certain mental health professionals providing services in critical mental health services shortage areas.

MS HB378

Income tax; exempt income of certain mental health professionals providing services in critical mental health services shortage areas.

MS HB1653

Income tax; exclude forgiven, cancelled or discharged federal student loan debt under the PSLF Program from the definition of "gross income".

MS HB1485

Income tax; exclude forgiven, cancelled or discharged federal student loan debt under the Public Service Loan Forgiveness Program from the definition of "gross income".

MS HB1773

Income tax; exclude forgiven, cancelled or discharged federal student loan debt under the Public Service Loan Forgiveness Program from the definition of "gross income".

Similar Bills

MS SB3128

"Strengthening Troop Retention for Our National Guard (STRONG) Act"; enact.

MS SB2985

Income tax; exclude from gross income compensation and income of honorably discharged veterans.

MS SB2553

Income tax; exclude from gross income compensation and income of honorably discharged veterans.

MS HB224

Income tax; exclude overtime compensation from gross income.

MS HB476

Income tax; exclude overtime compensation from gross income.

MS HB143

Income tax; exclude overtime compensation from gross income.

MS SB2451

Income tax; exclude forgiven, cancelled or discharged federal student loan debt from definition of "gross income."

MS HB1485

Income tax; exclude forgiven, cancelled or discharged federal student loan debt under the Public Service Loan Forgiveness Program from the definition of "gross income".