(a) There is established an optional retirement program for employees of the state institutions of higher learning included in Section 37-101-1 who are appointed or employed after July 1, 1990. To be eligible to participate in the optional retirement program, a newly appointed employee must:(a) (i) Hold a teaching or administrative faculty position, or(ii) Hold a position as an intern or resident in training at the University Medical Center or the College of Veterinary Medicine at Mississippi State University under a teaching program at such institutions; and(b) Be eligible for membership in the Public Employees’ Retirement System of Mississippi.
(a) (i) Hold a teaching or administrative faculty position, or(ii) Hold a position as an intern or resident in training at the University Medical Center or the College of Veterinary Medicine at Mississippi State University under a teaching program at such institutions; and
(i) Hold a teaching or administrative faculty position, or
(ii) Hold a position as an intern or resident in training at the University Medical Center or the College of Veterinary Medicine at Mississippi State University under a teaching program at such institutions; and
(b) Be eligible for membership in the Public Employees’ Retirement System of Mississippi.