27 Miss. Code. R. 210-60-102

Current through October 10, 2024

Section 27-210-60-102 - Contribution Rates for the Supplemental Legislative Retirement Plan

Pursuant to Miss. Code Ann. § 25-11-307 (1972, as amended), the Board of Trustees is authorized to set the employer contribution rate on the basis of the liabilities of the plan as shown by the actuarial valuation.

The employee and employer contribution rates are as follows:

1. Employee Contribution Rate - 3.00 percent of earned compensation effective July 1, 1989; and

2. Employer Contribution Rate - 7.40 percent of earned compensation effective January 1, 2012.

27 Miss. Code. R. 210-60-102

Amended 8/1/2017

Amended 2/1/2019