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MississippiHB 19292026 Regular SessionHouseWALLET

Appropriation; Public Employees' Retirement System.

Sponsored By: Mims

Signed by Governor

Appropriations DAppropriations AAppropriations

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Bill Overview

Analyzed Economic Effects

6 provisions identified: 5 benefits, 1 costs, 0 mixed.

Tighter pay and hiring limits at state retirement system

For July 1, 2026 to June 30, 2027, payroll is capped at $12,997,770. Of that, $12,330,950 is for salaries and benefits, and $666,820 is for vacancy funding. The agency has 168 permanent positions. Vacancy funds can only fill jobs that were empty at the end of FY 2026, not pay raises or title changes. The State Personnel Board must stop salary actions that would push payroll over the cap, except essential hires. Payroll totals cannot rise without written Finance approval and new funds, and payroll money cannot be moved to other uses. General funds cannot replace lost federal or special salary funds. The State Personnel Board also publishes projected annual payroll costs.

Service pins allowed for employees

The retirement system may use its funds to buy service pins for employees. The law sets no dollar limit.

Funds to launch Tier 5 retirement option

The law reappropriates $164,858 from the Capital Expense Fund for FY 2027 to implement Tier 5 (defined contribution). Spending is limited to unspent balances as of June 30, 2026 and must follow the original purpose.

Live‑streamed retirement board meetings and clear records

The Board must live webcast and record all board and committee meetings, except lawful executive sessions. It must post the video or a link on the agency website within 48 hours. The Board also keeps accounting and personnel records at the same detail as FY 2026 and submits its FY 2028 budget in a format like FY 2027.

Tie bids favor Industries for the Blind

If bids tie on price, quality, and service, the system must prefer Mississippi Industries for the Blind. The same preference applies to appropriate purchases made without competitive bids.

Funding for 2026–2027 state retirement operations

The law provides $21,201,795 to run the state retirement system from July 1, 2026 to June 30, 2027. It sets aside up to $3.538 million for computer needs and up to $800,000 for building repairs. It also creates a Repair and Maintenance Fund for the system’s building at 301 N. President St., Jackson. All building rent goes into this fund, and any year‑end balance moves to the Administrative Budget Fund.

Sponsors & Cosponsors

Sponsor

  • Mims

    Affiliation unavailable

Cosponsors

  • Manly Barton

    Republican • House

  • Angela Cockerham

    Independent • House

  • John G. Faulkner

    Democratic • House

  • Joey Hood

    Republican • House

  • Jay McKnight

    Republican • House

  • John Read

    Republican • House

  • Randy Rushing

    Republican • House

  • Percy W. Watson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 342 • No: 0

House vote • 3/29/2026

Conference Report Adopted

Yes: 119 • No: 0

Senate vote • 3/29/2026

Conference Report Adopted

Yes: 50 • No: 0

Senate vote • 3/12/2026

Passed As Amended

Yes: 51 • No: 0

House vote • 2/19/2026

Passed

Yes: 122 • No: 0

Actions Timeline

  1. Approved by Governor

    4/6/2026legislature

  2. Enrolled Bill Signed

    3/31/2026Senate

  3. Enrolled Bill Signed

    3/31/2026House

  4. Conference Report Adopted

    3/29/2026Senate

  5. Conference Report Adopted

    3/29/2026House

  6. Conference Report Filed

    3/27/2026Senate

  7. Conference Report Filed

    3/27/2026House

  8. Conferees Named Hopson,DeLano,Sparks

    3/19/2026Senate

  9. Conferees Named Mims,Cockerham,Rushing

    3/19/2026House

  10. Decline to Concur/Invite Conf

    3/18/2026House

  11. Returned For Concurrence

    3/13/2026Senate

  12. Passed As Amended

    3/12/2026Senate

  13. Amended

    3/12/2026Senate

  14. Title Suff Do Pass As Amended

    3/12/2026Senate

  15. Referred To Appropriations

    2/27/2026Senate

  16. Transmitted To Senate

    2/20/2026House

  17. Passed

    2/19/2026House

  18. Title Suff Do Pass

    2/18/2026House

  19. DR - TSDP: AP To A3

    2/18/2026House

  20. DR - TSDP: A3 To AP

    2/17/2026House

  21. Referred To Appropriations D;Appropriations A

    2/16/2026House

Bill Text

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