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Service Retirement GuidePublic Employees' Retirement System of MississippiAs a public employee in Mississippi, youyour Retirement Tier (see PERS Memberon retirement eligibility, benefit options,have worked your entire covered career toHandbook), choose the right time to retire,and the entire retirement process. Call orearn your retirement. Your contributions,complete the PERS service retirementvisit PERS online for details about thesethe contributions made on your behalf byapplication process, and terminateopportunities.your employer, and your vested statusemployment. This PERS Servicewith the Public Employees’ RetirementRetirement Guide provides an overview ofWhen you are about three to six monthsSystem of Mississippi (PERS) entitlethe retirement application process and isyou to life-long benefits upon retirement.intended to help you confidently transitionHowever, the payment of these servicefrom being a PERS member to being aretirement benefits (i.e., benefits paid afterPERS retiree.working a set number of years or onceyou reach a specific age) is not automatic(if you are retiring due to a disability, seePERS Disability Retirement Guide). Youmust plan and prepare for your retirement,a process that can be both exciting and,possibly, overwhelming. This is why PERSis here to help.out from the date you want to retire,you will need to begin the actual PERSservice retirement application process.See the following pages of this guide fordetails about this process, the requiredRetirement Education and Timingforms, your benefit options, taxes,PERS invites you to take advantage ofinsurance offerings, and other importantour retirement education opportunitiesinformation to help you make a smooththroughout your career. But, at least onetransition into the retirement years youyear before you retire, you should beginhave worked so hard to reach.the retirement process by attending aPERS Pre-Retirement Full-Day Seminaror Focus Session or by visiting one-on-Eligibility and Deciding to Retireone with a PERS benefit analyst. WhileBefore you can retire, you must meetnot required for retirement, these sessionsthe service retirement eligibility criteria ofcan be very helpful, offering informationProviding Benefits for Life
Application Process - Preparation & Phase 1Before You RetireAccount AuditWe encourage you to request an auditof your account several years beforeretirement to ensure there are noerrors. Early detection of accounterrors results in less frustration andbetter accuracy when you begin theactual retirement process.The PERS service retirement processcovered employers and receipt of theconsists of four forms, which are completedcompleted Form 9A SRVC by PERS.over the two-phase application process.After PERS receives your completed FormOnly the first form, Form 9A SRVC, PreApplication for Service Retirement Benefits,is available online. All subsequent forms willbe sent to you by PERS. The process cantake time; so, we recommend you beginthe application process at least three to sixmonths before your anticipated retirement9A SRVC, a PERS benefit analyst will audityour account for any discrepancies andthen, if eligible, mail you a packet that willinclude a Final Estimate of Benefits andthe necessary forms for completing yourapplication. This analyst will work withyou as you progress through the entirePurchasing Service Creditdate. If an authorized representativeIf you received a refund of yourcompletes the member section of thePERS contributions earlier in yourforms for you, he or she must provide acareer, you may purchase thecopy of the durable power of attorney,associated service credit prior toconservatorship or guardianship papers, orApplying as an Inactive Memberretirement. If interested, request aother legal documents as proof of authority.Your membership is considered inactive ifapplication process. If the audit shows thatyou are not eligible for retirement, PERSwill notify you in writing.you are no longer working in any PERS-refund buyback cost estimate beforebeginning the retirement process.Phase 1covered position and have not retired orAdvanced ApplicationTo establish how benefits are to bePre-Applying, Audit, &Setting the DateTo apply for retirement benefits, completepaid in the event of death beforeObtain Form 9A SRVC. This form establishesretirement, Form 16, Advancedsubmit the form directly to PERS. Monthlyan anticipated effective date of retirementApplication, should be submitted whenbenefits, if applicable, will be effective theand acknowledges your understanding ofyou become eligible for retirement.first of the month after PERS receives thethe 90-day submission deadline.completed form, provided you meet theRevisit your Advanced Applicationbefore beginning the retirementprocess and submit a new one if youhave any changes. If you have notsubmitted an Advanced Applicationand are eligible to retire, submit onebefore beginning the retirementprocess so that your wishes are metshould you die before completing theprocess. The Advanced Applicationcan be found online.2 - PERS Service Retirement GuideApplying as an Active MemberYour membership is considered activeas long as you are contributing to PERSthrough covered employment. To apply forretirement benefits, complete sections 1through 4 of Form 9A SRVC then forwardthe form to your employer to completeSection 5 and to submit to PERS. Yourretirement date will be no earlier thanthe first day of the month following yourtermination from employment with allreceived a refund of your contributions.sections 1 through 4 of Form 9A SRVC andminimum eligibility requirements.A PERS analyst will contact your lastcovered employer, if necessary; audityour account for any discrepancies; andmail you a packet that will include a FinalEstimate of Benefits and the necessaryforms for completing your application. Thisanalyst will work with you as you progressthrough the entire application process. Ifthe audit shows that you are not eligible forretirement, PERS will notify you in writing.www.pers.ms.gov
Application Process - Phase 2Phase 2Option Selection,Naming Beneficiaries,& Direct DepositThe forms and materials in Phase 2 willbe sent to you by a PERS benefit analystafter your completed Form 9A SRVC hasbeen received and processed. The Partialoptions affect your monthly benefitsChoose Your Partial Lump Sumand the benefits any beneficiariesOption Distributionmight receive. You must provide a birthIf eligible, you will also receive a Formcertificate for each beneficiary if selectingPLSO, Partial Lump Sum Optiona joint and survivor annuity. No matterDistribution Election, to complete ifwhat option you select upon retirement,you elect to take a PLSO. The PLSOyou will receive a monthly benefit anddistribution can be paid directly to you byCost-of-Living Adjustment (COLA) for life.check, or, if you prefer, part or all of theLump Sum Option (PLSO) form will beGive Your Payroll Authorizationsent only if you are eligible to elect theYou also will need to complete and submitPLSO.the Form 9P, Payroll Authorization, thatChoose Your Benefit Options andDesignate Your BeneficiariesUsing the Form 9S, Service RetirementApplication, you receive from your PERSbenefit analyst, you will choose yourbenefit option (see pages 4 through6), designate your beneficiaries, and, ifeligible, elect whether or not you wanta partial lump sum. Reference the FinalEstimate of Benefits sent in your Phase 2is sent to you so PERS has your bankinginformation for routing benefit paymentsas direct deposits, which is mandatory forall retirees. You will provide PERS withyour federal tax withholding preferenceson benefit payments and designatewhether or not you wish to receive yourCOLA every month or as an annual lumpsum issued each December.distribution may be rolled over to anothereligible retirement account. If you optfor the rollover, your financial trustee orcustodian will need to certify the selection.Ideally, all forms and elections should becompleted and submitted to PERS prior toyour anticipated retirement date. However,all forms and elections must be completedand submitted to PERS no later than 90days after your anticipated effective dateof retirement. Failure to meet the filingdeadline will result in your having to reapply for service retirement and establisha new effective date of retirement.packet to compare how different benefitwww.pers.ms.govPERS Service Retirement Guide - 3
Benefit OptionsPERS provides seven base options from which to choose at retirement, plus, ifeligible and desired, a Partial Lump SumOption (PLSO) (see page 7) to add toa base option. (See Base Option QuickComparison Chart, pages 8-9.)Monthly benefit payments stop atyour death. No monthly benefits are payable toany beneficiary. Upon retirement, you should selectthe benefit option that best suits yourneeds and circumstances. All baseoptions will provide you with monthlybenefits for life, but the options vary inPop-Up ProvisionThe Pop-Up Provision allows aIf the total monthly retirement benefitsretiree who selected Option 2, Optionpaid before your death is less than4, or Option 4A to change to theyour contributions and interest, theMaximum Retirement Allowanceremainder will be refunded to yourOption if the designated beneficiarydesignated beneficiaries.predeceases the retiree or if the»You must name one or moreretiree divorces the designatedbeneficiaries as primarybeneficiary. (All options require thator contingent or to shareat least one beneficiary be named.)how benefit amounts are calculated.Retirement benefits calculated underproportionately any remainingPERS options 2, 3, 4, and 4A areaccount balance after your death.based on actuarial calculations, whichchange periodically based on actuarialChanging Your BenefitOption after Retirement»Pop-Down ProvisionThe Pop-Down Provision allows aThere are no restrictions on whoexperience. Furthermore, some optionsretiree who selected the Maximumyou may name as a beneficiary.contain special Pop-Up and Pop-DownRetirement Allowance Option orYou may name a person,provisions (see sidebar at right) to allowOption 1 to change to Option 2,estate, organization, or trust aseligible retirees to change options andOption 4, or Option 4A to providebeneficiary.beneficiary protection to a newYou are not required to namespouse married after the retireeyour spouse as a beneficiary.selected the Maximum Retirementbeneficiary designations under certain»limited circumstances.PERS’ benefit options as follows:Single Life Annuities withRefund and Pop-DownProvisions»You may change yourbeneficiaries at any time. If you marry after retirement whilereceiving benefits under this option,provide beneficiary protection for yourThe Maximum Retirement Allowanceprovision within one year of the dateOption provides the highest possibleof the marriage.basic benefit option offered by PERS.4 - PERS Service Retirement Guidewithin one year of the date of themarriage.Option 2, Option 4, or Option 4A toMaximum RetirementAllowance Optionretirement. This single life annuity is theretiree must apply for this provisionyou may apply to Pop-Down toNo monthly beneficiary protectionmonthly benefit for life available to you atAllowance Option or Option 1. Thenew spouse. You must apply for this PLSO is available with this option, ifyou are eligible.www.pers.ms.gov
Benefit OptionsOption 1 - Pro-ratedSingle Life AnnuityIf you marry after retirement whilethe recalculation of benefits can bereceiving benefits under this option,retroactively effective for up to threeOption 1 provides you with reducedyou may apply to Pop-Down tomonths if the beneficiary dies.monthly benefits for life compared to whatOption 2, Option 4, or Option 4A toyou would receive under the Maximumprovide beneficiary protection for yourRetirement Allowance Option becausenew spouse. You must apply for thisyour contributions are pro-rated over yourprovision within one year of the dateactuarial life expectancy, which couldof the marriage.increase the available refund amount forbeneficiaries. regardless of eligibility.Your beneficiary’s benefit may belimited by the Internal Revenue Code ifthe beneficiary is not your spouse. PLSO is available with this option, ifyou are eligible.PLSO is not available with this option,Monthly benefit payments stop atOption 4 - 75 PercentJoint and Survivor AnnuityOption 4 provides you with reduced monthlyNo monthly benefits are payable toJoint and Survivor Annuitieswith Pop-Up Provisionany beneficiary.One beneficiaryIf there are contributions and interestremaining at your death, thatOption 2 - 100 PercentJoint and Survivor Annuityremainder will be refunded to yourOption 2 provides you with reduceddesignated beneficiaries.monthly benefits for life compared to what You must name one beneficiary.you would receive under the Maximum Your beneficiary must be a person, notyour death. »You must name one or morebeneficiaries as primaryor contingent or to shareproportionately any remaining»Allowance Option so that, after your death,your beneficiary will receive 75 percent ofthe same monthly amount for life.your death, your beneficiary will receivethe same monthly amount for life.an estate, organization, or trust. You are not required to name yourspouse as a beneficiary.account balance after your death. You must name one beneficiary.There are no restrictions on who Your beneficiary must be a person,once selected unless he or she dies ornot an estate, organization, or trust.unless you divorce and your spouseYou are not required to name youris named as beneficiary. If so, youYou may name a person, estate, organization, or trust asbeneficiary.»receive under the Maximum RetirementRetirement Allowance Option so that, afteryou may name as a beneficiary.»benefits for life compared to what you would Retirement Allowance Option. In theYou may not change your beneficiaryonce selected unless he or sheyour spouse as a beneficiary.dies or unless you divorce and yourYou may change yourspouse is named as beneficiary. Ifbeneficiaries at any time.so, you may apply to Pop-Up to theMaximum Retirement AllowanceOption. In the event of a late filing,You may not change your beneficiarymay apply to Pop-Up to the Maximumspouse as a beneficiary.You are not required to namewww.pers.ms.gov event of a late filing, the recalculationof benefits can be retroactively effectivefor up to three months if the beneficiarydies. PLSO is available with this option, ifyou are eligible.PERS Service Retirement Guide - 5
Benefit OptionsOption 4A - 50 PercentJoint and Survivor AnnuityOption 4A provides you with reducedmonthly benefits for life compared to whatyou would receive under the MaximumRetirement Allowance Option so that, afteryour death, your beneficiary will receive50 percent of the same monthly amountfor life.Joint and Survivor AnnuityFixedGuaranteed Payment PeriodsFixedTwo beneficiariesOne or more beneficiariesOption 3 - 100 PercentOption 4B - 10, 15, or 20Joint and Survivor AnnuityYears CertainOption 3 provides you with reducedOption 4B provides you with reducedmonthly benefits for life compared to whatyou would receive under the MaximumRetirement Allowance Option so that, aftermonthly benefits for life compared to whatyou would receive under the MaximumRetirement Allowance Option so that, You must name one beneficiary. Your beneficiary must be a person,will receive half of the same monthlynot an estate, organization, or trust.amount for life.You are not required to name your You must name two beneficiaries. Your beneficiaries must be people, not20 years—that begin from your effectiveestates, organizations, or trusts.date of retirement.You are not required to name your spouse as a beneficiary. your death, each of your two beneficiariesYou may not change your beneficiaryonce selected unless he or shedies or unless you divorce and yourspouse is named as beneficiary. Ifso, you may apply to Pop-Up to the You may not change your payment period. You select one of threeguaranteed payment periods—10, 15, orretroactively effective for up to threethe monthly benefit for life. remaining contribution balance isyou are eligible.refunded to the contingent beneficiarydesignated on your retirementapplication. There are no restrictions on who youmay name as a beneficiary. You mayname a person, estate, organization,or trust as beneficiary. You are not required to name yourspouse as a beneficiary.If both beneficiaries die, anyPLSO is available with this option, ifYou must name one or morebeneficiaries.If one beneficiary dies, your remainingbeneficiary receives 100 percent of You may change your beneficiaries atany time. The applicable Internal RevenueCode may limit your eligibility forYour beneficiaries’ benefits may beselecting Option 4B based on yourlimited by the Internal Revenue Code.age at retirement.PLSO is available with this option, ifyou are eligible.6 - PERS Service Retirement Guideremainder of your selected guaranteedbeneficiaries once selected.the recalculation of benefits can bemonths if the beneficiary dies.receive the same amount monthly for thespouse as a beneficiary.Maximum Retirement AllowanceOption. In the event of a late filing,after your death, your beneficiaries will PLSO is available with this option, ifyou are eligible.www.pers.ms.gov
Partial Lump Sum OptionTier 3 - Hired July 1, 2007, throughCalculationavailable to eligible members in additionJune 30, 2011; must have 28 years ofYou may use the Benefit Estimate Calculatorto the selected base option. By choosingcreditable service at any ageon the PERS website to generate anThe Partial Lump Sum Option (PLSO) isthe PLSO, any monthly retirement benefitreceived by you or a beneficiary who isdesignated on your Form 16, AdvancedApplication, to receive a PLSO distributionwill be actuarially reduced.By electing to receive a PLSO distribution,your monthly benefit and Cost-of-LivingAdjustment (COLA) will be reduced foryour lifetime. Seek assistance from a Tier 4 - Hired July 1, 2011, or later;must have 33 years of creditableservice at any ageDistribution OptionsAt retirement, you may elect a PLSOdistribution in an amount equal to either 12months, 24 months, or 36 months of yourMaximum Retirement Allowance.financial advisor and/or a tax professionalYour PLSO distribution will be a singleto help you decide if selecting the PLSOpayment and will be paid near the sameis the right choice for you and yourtime as your first monthly retirementretirement needs.benefit. The PLSO distribution can beEligibilityThe PLSO is available to first-timeretirees who are entering serviceretirement. A member who is PLSOeligible may preselect the PLSO for hisor her beneficiary by filing an AdvancedApplication. A member retiring ondisability retirement is not eligible for thePLSO.To be eligible, you must meet therequirements of your respectiveRetirement Tier. Effect of ReemploymentShould a retiree who selects the PLSOcome out of retirement to return to coveredemployment and later retire again, the newretirement benefit will be calculated takinginto consideration the fact that the PLSOdistribution was paid. The new MaximumRetirement Allowance will be reduced by thesame dollar amount of the original PLSOreduction plus 1 percent of that amount foreach month the retiree was reemployed.paid directly to you by check, or, if youprefer, part or all of the distribution may berolled over to another eligible retirementaccount. Generally, 20 percent of a PLSOdistribution paid directly to a retiringPERS member will be withheld for federalincome taxes. All PLSO distributionsare considered final once cashed ordeposited.If you receive a PLSO distribution beforeyou reach age 55 (age 50 for policeofficers, firefighters, and emergencymedical technicians), the InternalTiers 1 and 2 - Hired June 30, 2007,Revenue Service may impose anor earlier; must have 28 years ofadditional 10 percent federal tax penaltycreditable service at any age or muston the distribution. Payment of all taxesbe at least age 63 and vested (four-and/or associated penalties are youryear vesting)responsibility.www.pers.ms.govestimate of your PLSO distribution.PERS Service Retirement Guide - 7
Base Options Quick Comparison ChartPERSBaseOptionHow Benefits ArePaid to You andto BeneficiariesNumberof AllowedBeneficiariesRestrictionson NamingBeneficiariesMaximum RetirementAllowance OptionSingle Life AnnuityMaximum benefit for life for you, anyremaining balance refunded tobeneficiaries after your deathMultipleNoneOption 1Pro-RatedSingle Life AnnuityReduced benefit for life for you,any remaining balance refunded tobeneficiaries after your deathMultipleNoneOption 2100 percentJoint/Survivor AnnuityReduced benefit for life for you,beneficiary receives your samemonthly amount for life after your death,unless limited by IRC Section 401(a)(9)OneMust be a personOption 3100 percentJoint/Survivor AnnuityReduced benefit for life for you,beneficiaries each receive 50 percent ofyour monthly amount for life after yourdeath, unless limited by IRC Section401(a)(9)TwoEach must be a personOption 475 percentJoint/Survivor AnnuityReduced benefit for life for you,beneficiary receives 75 percent of yourmonthly amount for life after your deathOneMust be a personOption 4A50 percentJoint/Survivor AnnuityReduced benefit for life for you,beneficiary receives 50 percent of yourmonthly amount for life after your deathOneMust be a personOption 4B10-, 15-, and 20-YearCertainReduced benefit for life for you, afteryour death beneficiaries receive yoursame monthly amount for up to 10, 15,or 20 years from your effective date ofretirementMultipleNone8 - PERS Service Retirement Guidewww.pers.ms.gov
Provisionsto ChangeBeneficiariesProvisionsto ChangeBase Option*InternalRevenueLimitationsPartialLump SumAvailabilityYou may changebeneficiaries atany timePop-Down if you marry afterNoneretirement while receiving theMaximum Retirement Allowance**Yes, if eligibleYou may changebeneficiaries atany timePop-Down if you marry afterretirement while receivingbenefits under Option 1**NoneNoYou may not changeyour beneficiary exceptwhen Popping UpPop-Up if your Option 2beneficiary dies or if you divorceyour Option 2 beneficiaryPossible limit onbeneficiary benefit if yourbeneficiary is not yourspouseYes, if eligibleYou may not changeyour beneficiariesYou may not change your optionPossible limit onbeneficiary benefitsYes, if eligibleYou may not changeyour beneficiary exceptwhen Popping UpPop-Up if your Option 4beneficiary dies or if you divorceyour Option 4 beneficiaryNoneYes, if eligibleYou may not changeyour beneficiary exceptwhen Popping UpPop-Up if your Option 4Abeneficiary dies or if you divorceyour Option 4A beneficiaryNoneYes, if eligibleYou may changebeneficiaries atany timeYou may not change your optionPossible based on yourage at retirementYes, if eligible* For explanation of Pop-Up and Pop-Down provisions, see PERS Member Handbook.** Must apply for the Pop-Down within one year of the date of the marriage.www.pers.ms.govPERS Service Retirement Guide - 9
Cost-of-Living Adjustment & InsuranceCost-of-Living AdjustmentInsuranceRetirees and beneficiaries who have been receiving benefit payments for at leastPERS will withhold premiums for state/one full fiscal year (July 1 to June 30) are eligible to receive an annual Cost-of-employer sponsored or PERS-sponsoredLiving Adjustment (COLA). If you retire effective July 1, you would be eligibleinsurance. Talk with your human resourcesfor the COLA during the fiscal year beginning 12 months later on July 1. If youor payroll representative about filing theretire effective August 1, you would be eligible for the COLA during the fiscal yearnecessary paperwork to continue thebeginning July 1, 23 months after the effective date of retirement.insurance that is available to you whenYou may irrevocably elect to receive your COLA in 12 equal monthly installments.you retire. For information regardingIf you do not make that election, your COLA will be paid annually in one lump sumpayment on or about December 15. If you choose lump sum but would ratherreceive your COLA monthly, you must complete and submit Form 20, Election ofMonthly Cost-of-Living Adjustment (found online). Choosing monthly payments isirrevocable.The COLA is equal to 3 percent of your annual base benefit for each full fiscalyear of retirement prior to the year in which you reach age 55 (Retirement Tiersstate-sponsored life and health insurance,contact the Mississippi Department ofFinance and Administration (DFA) at866-586-2781. For information regardingPERS-sponsored health insurance, callTransamerica Premier Life InsuranceCompany at 800-634-0168.1 through 3) or 60 (Retirement Tier 4), plus 3 percent compounded for eachfiscal year thereafter, beginning with the fiscal year in which you turn age 55(Retirement Tiers 1 through 3) or 60 (Retirement Tier 4).PERS sends COLA notices in late June/early July of each year to inform retireesof their December COLA amount and the amount to be withheld in taxes. Oncean individual receives and reviews his or her notice, he or she has the option toadjust his or her lump sum COLA tax withholding preference. This change mustbe done by the last working day in October of that same year.10 - PERS Service Retirement Guidewww.pers.ms.gov
After You RetirePost-Retirement AuditChanging Benefit OptionsYour initial retirement benefit is calculatedIf you selected Option 3 or Option 4Busing projected wages certified by youremployer before your termination date.After your final wages are reported, PERSwill audit your account and, if necessary,adjust your benefit for any underpayment oroverpayment. The recalculation of benefitsshould be done within six months afterreceipt of your first retirement check.TaxesYour monthly benefits are subject to federaltaxes. PERS will withhold taxes based onyour preference, but you are responsiblefor any taxes that you might owe to the IRS.You may elect to have no federal incometaxes withheld, to withhold income taxbased upon marital status and exemptions,and/or to have additional federal incometax withheld.at retirement, you cannot change your return to employment with a coveredemployer under limited reemploymentconditions.option after retirement; however, theShould you choose to provide servicesother retirement options contain Pop-as an independent contractor for aUp and Pop-Down provisions that allowgovernmental employer after retirement,retirees to change options and beneficiaryrefer to Regulation 34.designations under certain limitedcircumstances (see pages 4-6).Keeping Account UpdatedYou have a responsibility to keep yourReturning to WorkPERS account information current,Except as otherwise provided in PERSeven after retiring. Having your correctBoard Regulation 34, Reemployment afteraddress on file means PERS can reachRetirement, no PERS retiree may returnyou if the need arises, and keeping otherto employment with a PERS-coveredinformation up to date makes transitionsemployer for at least 90 consecutiveand processing smoother for you and yourcalendar days from his or her effectiveloved ones down the road.date of retirement or from the beginning ofFor your convenience, several forms arethe next school year, as applicable, withoutavailable on the PERS website to help youcanceling retirement. For more information,update your personal information, amendsee PERS' Thinking of Returning to Work?your beneficiary designations, changeIn the absence of submitted tax withholdingguide.your benefit option (if eligible), change theinformation, PERS automatically withholdsIf you decide to return to employmenttax withholding status of your benefit, andwith a covered employer after youchange direct deposit information.taxes based on a status of “married withthree withholding exemptions.”retire, you and the employer must notifyRetirement benefits are not subject toPERS in writing within five days of theStaying InformedMississippi state income tax; however, ifreemployment and provide the conditionsPERS is here to serve you, whether youyou move to another state, your retirementunder which you are being reemployed.are a member, retiree, or beneficiary. Webenefits may be subject to taxes in thatNotification must be repeated each newencourage you to contact us and to usestate.fiscal year of post-retirement employment.our printed and online resources. OurOnce you choose to return to work with aCustomer Service Center, website, andcovered employer, you must either: come out of retirement and become,once again, a contributing member ofother communication materials are reliablesources for information and answers toquestions.PERS orwww.pers.ms.govPERS Service Retirement Guide - 11
Public Employees' Retirement System of Mississippi429 Mississippi Street, Jackson, Mississippi 39201-1005800.444.7377 or .govOther ResourcesThe following resources can be foundDisclaimer on the PERS website. PERS Member Handbook PERS Retiree Handbook PERS Disability Retirement Guide PERS' Thinking of Returning to This guide is published for members ofLump Sum Option (PLSO)the Public Employees’ Retirement SystemPERS Board Regulation 49,of Mississippi (PERS) to provide generalMilitary Service PERS Board Regulation 51,Administration of Certification ofAccumulated Unused Leave forWork? guide PERS Board Regulation 48, PartialService Credit and Lump SumPERS Board Regulation 34,Payments of Leave at Termination/Reemployment after RetirementRetirementPERS Board Regulation 35, Filing PERS Board Regulation 64,an Application for Monthly BenefitsPurchase of Service Credit in theand Establishing an Effective DatePublic Employees’ Retirementof RetirementSystem at Actuarial Costinformation regarding PERS laws, policies,and regulations and is subject to periodicrevision as laws, policies, and regulationschange. See all current PERS Board ofTrustees Regulations at www.pers.ms.gov/Content/Pages/Board-Regulations.
with the Public Employees' Retirement System of Mississippi (PERS) entitle you to life-long benefits upon retirement. However, the payment of these service retirement benefits (i.e., benefits paid after working a set number of years or once you reach a specific age) is not automatic (if you are retiring due to a disability, see PERS .
