Policy: State Retirement
Listing generated on 04/25/2024 at 19:47:09.
| Name: | State Retirement |
|---|---|
| Number: | 10000570 |
| Code: | HRO.BE.600.230 |
| Status: | Approved and Activated |
| Administrative Division: | VC for Administration & Finance |
| Responsible Office: | Human Resources |
| Effective Date: | 04/22/2024 |
| Summary/Purpose: | Employees of the University who are employed one-half-time or more and are anticipated to work for at least 4½ months must participate in the Public Employee’s Retirement System of Mississippi (PERS). There are two retirement programs administered by PERS; the defined benefit plan (PERS) and the defined contribution plan (Optional Retirement Plan - ORP). The contribution amount, benefit highlights, and who qualifies for each program are given. |
| Policy Narrative: | PDF File |
| People Affected: | FACULTY STAFF |
| Keywords: |
ORP PERS STATE RETIREMENT |
| Related UM Policies: | |
| Related Resources: | |
Policy Feedback |
Policy History |