Effective July 1, 2000, and subject to the rules adopted by the board of trustees, the system shall accept an eligible rollover distribution or a direct transfer of funds from another eligible retirement plan, as defined under applicable federal law, or an individual retirement account, in payment of all or a portion of the cost to purchase optional service credit or to reinstate previously withdrawn service credit as permitted by the system. The system may only accept rollover payments in an amount equal to or less than the balance due for purchase or reinstatement of service credit. The rules adopted by the board of trustees shall condition the acceptance of a rollover or transfer from another eligible retirement plan or an individual retirement account on the receipt of information necessary to enable the system to determine the eligibility of any transferred funds for tax-free rollover treatment or other treatment under federal income tax law.
Structure Mississippi Code
Title 25 - Public Officers and Employees; Public Records
Chapter 11 - Social Security and Public Employees' Retirement and Disability Benefits
Article 3 - Additional State Retirement and Disability Benefits
§ 25-11-101. Public employees' retirement system established
§ 25-11-107. Civilian employees of Mississippi National Guard as a coverage group
§ 25-11-109. Creditable service
§ 25-11-111. Superannuation retirement
§ 25-11-112. Additional annual payment to retirees and beneficiaries
§ 25-11-113. Disability retirement
§ 25-11-115.1. Designation of new spouse as beneficiary under Option 4-A; benefits payable to spouse
§ 25-11-123. Crediting of assets; financing
§ 25-11-127. Benefits upon reemployment of retired persons
§ 25-11-133. Guaranty; vested right to benefits; maximum annual retirement allowance
§ 25-11-135. Former laws remain in force
§ 25-11-139. Payment, commencement of benefits
§ 25-11-141. Group life and health benefits for retired persons