Retirement and death benefits shall be provided to participants in the optional retirement program by contribution to annuity contracts, fixed or variable in nature, mutual fund accounts or similar investment products, or a combination thereof, at the option of the participant. The state and the participants shall contribute, in accordance with this article, toward the purchase of benefits under those contracts or accounts, which contracts or accounts shall become the property of the participants.
Miss. Code Ann. § 25-11-403
Contributions to annuity contracts and mutual funds
Known as the Public Employees’ Retirement Law
The act spans §§ 25–25 (73 sections).
Laws, 1990, ch. 458, § 2; Laws, 2005, ch. 322, § 1, eff from and after July 1, 2005.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.