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Defined contribution committee updates ORP plan document to align with recent legislation
Summary
The Board of Trustees approved updates to the Optional Retirement Plan (ORP) document recommended by the Defined Contribution Committee to align plan language with legislation from the most recent session.
The Public Employees Retirement System of Mississippi’s Board of Trustees approved updates to the ORP plan document on June 23, 2025, following a recommendation from the Defined Contribution Committee.
Doctor Rutledge presented the committee report, noting the updates were routine and intended to bring the ORP plan document into alignment with legislation passed in the most recent legislative session. The committee moved the changes to the full board, a second was recorded, and the board approved the updates by voice vote.
Why it matters: Plan-document updates ensure the Optional Retirement Plan’s language conforms to statutory changes and reduce ambiguity for plan administrators and participants.
The transcript records Doctor Rutledge saying the updates were routine and in order to align the ORP with current legislation; trustees approved the motion and no further discussion was recorded.
