27 Miss. Code. R. 240-III-3.5

Current through September 24, 2024

Section 27-240-III-3.5 - Cessation of Active Participation

A Participant shall no longer continue to contribute to the Plan if:

(a) he or she assumes a position in state service other than as an Employee of an Institution;

(b) he or she is retired or terminated from employment with the Institution;

(c) he or she is transferred or reclassified to a position that does not qualify for participation in this Plan; or

(d) the Plan is terminated.

Where a Participant in the Plan accepts a position that is not eligible for the Plan, that individual's participation in the Plan will be suspended during the period in which the individual occupies a position for which participation in the Plan is not available. The individual's participation in the Plan will recommence, by virtue of the election made at the time of initial employment in an ORP-eligible position, when the individual again occupies a position for which participation in the Plan is available.

27 Miss. Code. R. 240-III-3.5

Amended 8/1/2015

Amended 2/1/2019

Amended 8/1/2020

Amended 2/1/2022