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Senate Chamber Passes the “Mississippi PERS Stability Act”
Senate Bill 2004
On Wednesday, January 7, 2026, the Senate Chamber passes the Mississippi PERS Stability Act by a vote of 52 to 0.
Senate Bill 2004 establishes a new act address the funding needs of the Mississippi Public Employees Retirement System (PERS).
Beginning July 1, 2026, this proposed measure mandates a transfer of $500 million from the State Capit0l Expense Fund over to the PERS system.
Beginning July 1, 2027 and on very July 1st thereafter through July 1st of 2036, the state will mandate a transfer of $50 million from the State Capitol Expense Fund to the PERS system.
NOTE: This measure will now head to the House Chamber for consideration.
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