Legislature; allow PERS retirees to receive retirement allowance while serving as a member of.
Impact
The bill significantly changes the framework of dual compensation for public employees, particularly those who serve in a legislative capacity after retirement. It stipulates that while serving in the legislature, these individuals will not build any additional service credit within the retirement system, and they are required to pay the full employee contributions on their legislative salary. By allowing retirees to draw a pension while also receiving compensation as an elected official, this bill could attract experienced individuals back into legislative roles, potentially benefiting the state's governance with seasoned insights.
Summary
Senate Bill 2392 aims to amend the Mississippi Code to allow individuals who retired from the Public Employees' Retirement System (PERS) to receive both their retirement allowance and legislative compensation if they are later elected to the legislature. This allows these retirees the option to maintain financial support from their retirement benefits while serving as state legislators without losing their rights to pension benefits. The bill specifically codifies this option under new Section 25-11-126, outlining the conditions under which retirees can elect to receive both payments.
Contention
One point of contention surrounding SB2392 lies in the implications of expanding eligibility for dual compensation. Critics argue that it may incentivize retired public employees to re-enter the workforce in legislative roles purely for financial gain, which could lead to concerns about the integrity of the legislative process. Additionally, opponents may highlight the risk of overburdening the retirement system if a significant number of retirees choose to take advantage of this provision. Proponents, on the other hand, may argue that the experience and knowledge of former public employees enrich the legislative environment, thus benefiting the legislative process.