Personnel

The purchase of all eligible service at actuarial cost must be completed by the member prior to the member's death or retirement. Notes 27 Miss. Code. R. 210-64-107 Amended 7/1/2017

Service credit at actuarial cost can be purchased using after-tax funds received directly from the member. Alternatively, such credit may be purchased using tax-deferred (pre-tax) money from certain retirement plans as allowed by the Internal Revenue Code (IRC). 1. Direct payment…

This regulation further defines the term "earned compensation" for purposes of reporting compensation to the Public Employees' Retirement System of Mississippi (PERS). Notes 27 Miss. Code. R. 210-65-100 Adopted 8/1/2017

Except as otherwise provided by law, the term "earned compensation" means the total amount earned during a fiscal year by an employee not to exceed the employee compensation limit set pursuant to § 401(a)(17) of the Internal Revenue Code for the calendar year in which the fiscal …

Earned compensation shall include wages from a second position if the second position is independently covered under PERS or if the second position is less than half time but would otherwise be covered independently if the employee worked the requisite number of hours as required…

The term "earned compensation" does not include the following: 1. amounts paid by an employer for health or life insurance premiums or the value of such benefits; 2. litigation fees; 3. bond fees; 4. other similar nonrecurring payments; 5. amounts in excess of the lump sum paymen…

1. Maintenance provided to employees before July 1, 2013 a. The definition of "earned compensation" includes the value of either cash or non-cash maintenance furnished by the employer before July 1, 2013, in accordance with the maximum reportable allowances set in PERS Board Regu…

In the case of constables, the net earnings from their office after deduction of expenses shall apply, except that in no case shall earned compensation be less than the total direct payments made by the state or governmental subdivisions to the official. Notes 27 Miss. Code. R. 2…

In the case of chancery or circuit clerks, the net earnings from their office after deduction of expenses shall apply as expressed in Miss. Code Ann. § 25-11-123(f)(4) (1972, as amended). Notes 27 Miss. Code. R. 210-65-106 Amended 8/1/2017

In the case of members of the State Legislature, all remuneration or amounts paid, except mileage allowance, shall apply. Notes 27 Miss. Code. R. 210-65-107 Amended 8/1/2017

In the case of local elected officials, all compensation must be set in good faith and may not be arbitrary and unreasonable when considered with the resources of the employer and the duties of the office. Notes 27 Miss. Code. R. 210-65-108 Amended 8/1/2017

1. Performance-based incentive payments paid to employees before July 1, 2013 Performance-based incentive payments that were paid to employees before July 1, 2013, under a plan or policy adopted by the employer that continued from year to year and that were (i) contracted for by …

Compensatory leave paid in a lump sum is included in earned compensation; however, any such payment must be allocated by the employer to the period in which the compensatory leave was actually earned. (History of PERS Board Regulation 65: Adopted effective August 1, 2011; amended…