§ 21-29-301. Creditable service provided under certain circumstances for membership service interrupted by qualified military service
Any member of the Municipal Retirement System whose membership service is interrupted as a result of qualified military service within the meaning of Section 414(u)(5) of the Internal Revenue Code, and who has received the maximum service credit available under Article 1, 3 or 5 of this chapter, shall receive creditable service for the period […]
§ 21-29-305. Employers to pick up member contributions to employees’ retirement and disability systems
Each employer shall pick up the member contributions required by Sections 21-29-17, 21-29-117 and 21-29-219, Mississippi Code of 1972, for all compensation earned after January 1, 1989, and the contributions so picked up shall be treated as employer contributions in determining tax treatment under the United States Internal Revenue Code and the Mississippi Income Tax […]
§ 21-29-307. Benefits exempt from taxes, attachment or other process, and unassignable; deductions from retirement allowances of employer or system sponsored group life or health insurance
The right of a person to an annuity, a retirement allowance, or benefit, or to the return of contributions, or to any optional benefit or any other right accrued or accruing to any person under the provisions of Articles 1, 3 or 5 of this chapter; the system; and the monies in the system created […]
§ 21-29-311. Additional optional benefits available
Any municipality providing benefits under Articles 1, 3 or 5 of this chapter may provide the following additional optional benefits: Refunds of member contributions to the estate of the deceased at the time of death when the deceased does not have eligible beneficiaries. Benefits to dependent children through the age of twenty-three (23) when the […]
§ 21-29-313. Schedule for computation of membership service or prior service
Notwithstanding any other provision of Articles 1, 3 or 5, in the computation of membership service or prior service under the provisions of Articles 1, 3 and 5, the following schedule shall govern: ten (10) or more months of service during any fiscal year shall constitute a year of service; seven (7) months to nine […]
§ 21-29-315. Repayment of refund after reemployment following retirement for purpose of reestablishing contributing membership
Any active member who previously received a refund under either Article 1, 3 or 5 and who was reemployed and again became a contributing member of the applicable retirement system may repay all amounts previously received as a refund, together with regular interest at the rate as determined by the board, covering the period from […]