Policy: State Retirement
Listing generated on 02/12/2025 at 23:46:26.
Name: | State Retirement |
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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 |