27 Miss. Code. R. 210-60-101

Current through October 10, 2024

Section 27-210-60-101 - Contribution Rates for the Public Employees' Retirement System of Mississippi

Pursuant to Miss. Code Ann. § 25-11-123 (1972, as amended), the Board of Trustees of the Public Employees' Retirement System of Mississippi is authorized to set the contribution rates for both employee and employer contributions based on the basis of the liabilities of the retirement system as shown by the actuarial valuation.

The employee and employer contribution rates are as follows:

1. Employee Contribution Rate - 9.00 percent of earned compensation effective July 1, 2010; and

2. Employer Contribution Rate - 17.40 percent of earned compensation effective July 1, 2019.

27 Miss. Code. R. 210-60-101

Amended 8/1/2017

Amended 2/1/2019