# Mississippi HB 4073: Mississippi Work and Save Program; create; revise certain PERS provisions.

Mississippi HB 4073, Mississippi Work and Save Program; create; revise certain PERS provisions., is a 2026 Regular Session House bill sponsored by Jody Steverson (Republican); status signed, last action 2026-04-08 (Approved by Governor); PRIA reads it as touching household money (as of 2026-10-27).

- Canonical: https://policyrisk.com/state-bill/MS-HB4073-2026
- As of: 2026-10-27
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Mississippi HB 4073
- State: Mississippi
- Session: 2026 Regular Session
- Title: Mississippi Work and Save Program; create; revise certain PERS provisions.
- Status: signed
- Chamber: House
- Introduced: 2026-02-24
- Last action: 2026-04-08, Approved by Governor
- Sponsor: Jody Steverson (Republican)
- Cosponsors: 0
- Subjects: Ways and Means, Finance
- Touches household money: yes
- Roll calls: 5 (389 yes, 3 no in all)
- Economic provisions PRIA read: 11

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Workers and contractors gain retirement access: benefit, low. The State Treasurer must create a voluntary retirement savings program. You can join if you are at least 18 and have pay tied to Mississippi. Your employer must choose to take part and generally cannot have a qualifying retirement plan in the current or either of the prior two calendar years. Some…
- Investors avoid Mississippi bond taxes: benefit, low. Investors do not pay Mississippi taxes on Work and Save bonds or income from those bonds. The law does not state how much an investor will save.
- Employers cannot fund these accounts: cost, low. Employers cannot contribute to a worker's Mississippi Work and Save account. Participants fund these accounts themselves. The law does not say whether an employer can contribute to a separate retirement plan.
- Public employers face PERS payment rules: cost, low. A public subdivision or instrumentality that ends a plan providing PERS benefits must pay its share of the plan's net pension liability before ending the plan. It must pay the greater amount measured on June 30, 2026, or on the termination date. Employers that miss required termination payments may…
- New PERS rules change retirement benefits: mixed, high. For affected PERS members entering on or after March 1, 2026, average compensation uses the four highest years or last 48 months, instead of the earlier eight-year or 96-month period. These averages help set retirement, disability, and survivor benefits. New members can qualify at age 62 with 8 yea…
- PERS retirees can return to work sooner: mixed, medium. PERS retirees can return to paid state work after 30 days, down from 90 days, though the board may set a later date. Under one option, eligible retirees can keep their allowance and earn up to 80% of the position's salary. A written agreement must go to PERS, and the employer pays both required con…
- Public workers gain Roth savings options: mixed, medium. Covered Mississippi deferred compensation plans can offer Roth accounts or other after-tax savings options when the plan document allows them. These contributions count as income when the worker otherwise would have received the pay. They do not get the usual deferred-tax treatment.
- Privacy and limits on account protections: mixed, low. The Treasurer must provide information about account choices, limits, risks, penalties, and possible effects on public assistance. Participant and account information must stay private, except when needed to run the program or when the participant agrees in writing. Mississippi does not guarantee i…
- Workers get retirement account choices: mixed, low. The standard account is a Roth individual retirement account invested in a target-date fund. Participants can stop saving, change investments, choose a traditional account if offered, and raise or lower contributions. The Treasurer may offer yearly increases of up to 1% of pay, but the rate cannot…
- State funds program with bonds: mixed, low. The law creates a state fund for Work and Save program costs. State spending from the fund requires legislative approval, and Mississippi can cover startup costs until the fund has enough money. The state can issue up to $200,000 in bonds for the fund, but no bonds can be issued after July 1, 2030.…
- Charter schools join PERS rules: mixed, low. Public charter schools count as political subdivisions under the PERS rules. This brings them within rules that apply to political subdivisions and may affect school duties and employee coverage. The law does not set a specific benefit amount or individual coverage terms.

## Sponsors and cosponsors

- Sponsor: Jody Steverson (Republican), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-29 | House | Conference Report Adopted | pass | 120 | 0 |   |
| 2026-03-29 | Senate | Conference Report Adopted | pass | 49 | 1 |   |
| 2026-03-18 | Senate | Passed As Amended | pass | 51 | 0 |   |
| 2026-03-17 | Senate | Passed As Amended | pass | 51 | 1 |   |
| 2026-02-25 | House | Passed As Amended | pass | 118 | 1 |   |

## Actions (24)

- 2026-04-08: Approved by Governor (legislature)
- 2026-04-01: Enrolled Bill Signed (Senate)
- 2026-04-01: Enrolled Bill Signed (House)
- 2026-03-29: Conference Report Adopted (Senate)
- 2026-03-29: Conference Report Adopted (House)
- 2026-03-27: Conference Report Filed (Senate)
- 2026-03-27: Conference Report Filed (House)
- 2026-03-27: Conferees Named Harkins,Sparks,Michel (Senate)
- 2026-03-23: Conferees Named Lamar,Steverson,Zuber (House)
- 2026-03-20: Decline to Concur/Invite Conf (House)
- 2026-03-19: Returned For Concurrence (Senate)
- 2026-03-18: Passed As Amended (Senate)
- 2026-03-18: Amended (Senate)
- 2026-03-18: Reconsidered (Senate)
- 2026-03-18: Motion to Reconsider Entered (Senate)
- 2026-03-17: Passed As Amended (Senate)
- 2026-03-17: Amended (Senate)
- 2026-03-16: Title Suff Do Pass As Amended (Senate)
- 2026-03-04: Referred To Finance (Senate)
- 2026-02-26: Transmitted To Senate (House)
- 2026-02-25: Passed As Amended (House)
- 2026-02-25: Amended (House)
- 2026-02-24: Title Suff Do Pass (House)
- 2026-02-24: Referred To Ways and Means (House)

## Bill text

- Amendment No 1 (Adopted): [HTML](https://billstatus.ls.state.ms.us/documents/2026/html/ham/HB4073_H_Amend_01.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2026/pdf/ham/HB4073_H_Amend_01.htm)
- Amendment No 1 to Committee Amendment No 1 (Adopted): [HTML](https://billstatus.ls.state.ms.us/documents/2026/html/sam/HB4073_S_Amend_01_to_Cmte_Amend_01.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2026/pdf/sam/HB4073_S_Amend_01_to_Cmte_Amend_01.pdf)
- As Introduced: [HTML](https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4073IN.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2026/pdf/HB/4000-4099/HB4073IN.pdf)
- As Passed: [HTML](https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4073PS.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2026/pdf/HB/4000-4099/HB4073PS.pdf)
- Committee Amendment No 1 (Adopted): [HTML](https://billstatus.ls.state.ms.us/documents/2026/html/sam/HB4073_S_Cmte_Amend_01.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2026/pdf/sam/HB4073_S_Cmte_Amend_01.pdf)
- Enrolled: [HTML](https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4073SG.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2026/pdf/HB/4000-4099/HB4073SG.pdf)

## Related bills

- HB 1653: Local Improvements Project Fund and IHL Capital Improvements Fund; revise certain projects funded with monies from. (signed)
- HB 1924: Appropriation; Attorney General. (signed)
- SB 3051: Appropriation; Finance and Administration, Department of. (signed)
- SB 3110: Tax credits; authorize for contributions by certain taxpayers to certain hospitals. (signed)
- SB 2917: Budget; provide for various transfers of funds, and create various special funds. (signed)
- SB 3071: Appropriation; Gulf Coast Restoration Funds to the Mississippi Development Authority. (signed)

## Sources
- [Amendment No 1 (Adopted) (HTML)](https://billstatus.ls.state.ms.us/documents/2026/html/ham/HB4073_H_Amend_01.htm)
- [Amendment No 1 (Adopted) (PDF)](https://billstatus.ls.state.ms.us/documents/2026/pdf/ham/HB4073_H_Amend_01.htm)
- [Amendment No 1 to Committee Amendment No 1 (Adopted) (HTML)](https://billstatus.ls.state.ms.us/documents/2026/html/sam/HB4073_S_Amend_01_to_Cmte_Amend_01.htm)
- [Amendment No 1 to Committee Amendment No 1 (Adopted) (PDF)](https://billstatus.ls.state.ms.us/documents/2026/pdf/sam/HB4073_S_Amend_01_to_Cmte_Amend_01.pdf)
- [As Introduced (HTML)](https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4073IN.htm)
- [As Introduced (PDF)](https://billstatus.ls.state.ms.us/documents/2026/pdf/HB/4000-4099/HB4073IN.pdf)
- [As Passed (HTML)](https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4073PS.htm)
- [As Passed (PDF)](https://billstatus.ls.state.ms.us/documents/2026/pdf/HB/4000-4099/HB4073PS.pdf)
- [Committee Amendment No 1 (Adopted) (HTML)](https://billstatus.ls.state.ms.us/documents/2026/html/sam/HB4073_S_Cmte_Amend_01.htm)
- [Committee Amendment No 1 (Adopted) (PDF)](https://billstatus.ls.state.ms.us/documents/2026/pdf/sam/HB4073_S_Cmte_Amend_01.pdf)
- [Enrolled (HTML)](https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4073SG.htm)
- [Enrolled (PDF)](https://billstatus.ls.state.ms.us/documents/2026/pdf/HB/4000-4099/HB4073SG.pdf)

## Related
- [HB 1653: Local Improvements Project Fund and IHL Capital Improvements Fund; revise certa…](https://policyrisk.com/state-bill/MS-HB1653-2026)
- [HB 1924: Appropriation; Attorney General.](https://policyrisk.com/state-bill/MS-HB1924-2026)
- [SB 3051: Appropriation; Finance and Administration, Department of.](https://policyrisk.com/state-bill/MS-SB3051-2026)
- [SB 3110: Tax credits; authorize for contributions by certain taxpayers to certain hospit…](https://policyrisk.com/state-bill/MS-SB3110-2026)
- [SB 2917: Budget; provide for various transfers of funds, and create various special fund…](https://policyrisk.com/state-bill/MS-SB2917-2026)
- [SB 3071: Appropriation; Gulf Coast Restoration Funds to the Mississippi Development Auth…](https://policyrisk.com/state-bill/MS-SB3071-2026)
- [Mississippi bills](https://policyrisk.com/states/mississippi/bills)
- [Mississippi state hub](https://policyrisk.com/states/mississippi)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/MS-HB4073-2026 (as of 2026-10-27).