Notwithstanding any other provision of law to the contrary, the Public Employees’ Retirement System of Mississippi or the appropriate officer of a county, municipality, or other political subdivision designated to administer a deferred compensation program is hereby authorized to invest the monies held pursuant to a deferred compensation program in fixed and variable life insurance or annuity contracts; or to purchase any investments authorized for purchase by the Public Employees’ Retirement System of Mississippi under Section 25-11-121, Mississippi Code of 1972; or to invest such monies in a fund or funds maintained by a corporate trustee, which fund or funds are used as an investment media for retirement, pension or profit sharing plans that are tax qualified for such purpose.
Miss. Code Ann. § 25-14-9
Investment of monies in life insurance and annuity contracts or in other funds authorized
Known as the Government Employees Deferred Compensation Plan Law
The act spans §§ 25–25 (8 sections).
Laws, 1973, ch. 399, § 5; Laws, 1974, ch. 549, § 3, eff from and after passage (approved April 12, 1974
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.