There is established an optional retirement program for employees of the state institutions of higher learning included in Section 37-101-1, Mississippi Code of 1972, who are appointed or employed after July 1, 1990. To be eligible to participate in the optional retirement program, a newly appointed employee must:
(i) Hold a teaching or administrative faculty position, or
Hold a position as an intern or resident in training at the University Medical Center or the College of Veterinary Medicine at Mississippi State University under a teaching program at such institutions; and
Be eligible for membership in the Public Employees' Retirement System of Mississippi.
Structure Mississippi Code
Title 25 - Public Officers and Employees; Public Records
Chapter 11 - Social Security and Public Employees' Retirement and Disability Benefits
Article 11 - Optional Retirement Program for Employees of State Institutions of Higher Learning
§ 25-11-401. Eligibility for optional program
§ 25-11-403. Contributions to annuity contracts and mutual funds
§ 25-11-405. Administration of program; delegation of responsibilities
§ 25-11-409. Election to participate in program; time of election
§ 25-11-413. Ineligibility for membership in Public Employees' Retirement System
§ 25-11-415. Deductions from employers' contribution to administer program; expense fund
§ 25-11-417. Benefits payable not obligations of state but of designated companies