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Administrative committee adopts Regulation 65, advances Tier 5 regulation amendments and funding-policy wording change

August 27, 2025 | Public Employees Retirement System of Mississippi, Agencies, Organizations, Executive, Mississippi


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Administrative committee adopts Regulation 65, advances Tier 5 regulation amendments and funding-policy wording change
The administrative committee reported that it approved initial adoption of Regulation 65, adding coroners, county medical examiners and deputy coroners to earned-compensation provisions, and forwarded that adoption to the full board.
Dr. Smith presented the administrative committee report and read a list of Tier 5 regulation amendments (Nos. 14, 28, 32, 35, 48, 51, 54, 57, 61 and 64) that the committee approved on initial adoption to reflect wording changes for the new Tier 5. The committee also approved a minor staff wording change to the funding policy to reflect the most recent experience study; no final language was provided in the transcript.
Dr. Smith said the committee discussed Tier 5 COLA, a Moody’s report and legislative hearing matters but took no action on those discussion items. The board accepted the committee’s motions by voice vote; no roll-call tallies were recorded in the transcript.
Staff will prepare the formal regulatory language and the funding policy amendment for final adoption following standard procedures and report back to the board as required.

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