Eligible employees initially employed on or after July 1, 1990, shall elect to participate in the optional retirement program within thirty (30) days after (i) entry into state service, or (ii) the effective date of the optional retirement program, whichever is later. The election must be made in writing and filed with the board of trustees and will be effective as of the date of employment. If an eligible employee fails to timely make the election provided in this section, he shall become a member of the Public Employees' Retirement System of Mississippi in accordance with Article 3 of this chapter.
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