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PERS board approves two draft bills for legislature, including QDRO change and employer payment for unfunded liability
Summary
The PERS Board of Trustees voted Oct. 23 to send two draft bills to the legislature: one to add a Roth catch-up provision and make MDC subject to QDROs, and another requiring employers who leave PERS to pay a proportionate share of unfunded actuarial accrued liability (calculated as of 06/30/2025 or termination, whichever is greater).
Board of Trustees members for the Public Employees Retirement System of Mississippi on Oct. 23 approved sending two pieces of draft legislation to the state legislature, including a change to participant distribution rules and a proposal to require employers that leave PERS to cover their share of unfunded liabilities.
The first bill, described by staff as unchanged from last year, would add a Roth provision tied to catch-up contributions and allow Mississippi Deferred Compensation (MDC) to be subject to qualified domestic relations orders (QDROs). Staff said the change is…
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