Members of PERS who were eligible for any amount of monthly service retirement benefits prior to passage of H.B. 904, Laws of 1958, on May 6, 1958, and who had not retired prior to that date, may retire after that date with the $10 per month minimum provided that they were 65 or over at the time of termination of their employment. Members who were not eligible for any monthly service retirement benefits whatsoever on or before May 6, 1958, and who withdrew from service prior to that date are not eligible for the $10 per month minimum benefits unless their termination of employment had been made at the close of the 1958 school year which might have occurred prior to May 6, 1958.
Effective July 1, 1971, the minimum monthly retirement allowance under the maximum option was two dollars ($2) per year of service.
Effective July 1, 1973, the minimum monthly retirement allowance under the maximum option was three dollars ($3) per year of service.
Effective July 1, 1980, the minimum monthly retirement allowance under the maximum option was five dollars ($5) per year of service.
Effective July 1, 1985, the minimum monthly retirement allowance under the maximum option was seven dollars and fifty cents ($7.50) per year of service.
Effective July 1, 1987, the minimum monthly retirement allowance under the maximum option is ten dollars ($10) per year of service or as otherwise provided in Miss. Code Ann. § 25-11-111(d)(3)(1972, as amended).
27 Miss. Code. R. 210-30-101