27 Miss. Code. R. 210-64-102 - Purchasing eligible out-of-state service
1. Public
service that qualifies as eligible out-of-state service includes service as a
public employee in (i) another state, (ii) political subdivision of another
state, (iii) public education system of another state, (iv) governmental
instrumentality of another state, or (v) service rendered as a teacher in
American overseas dependent schools conducted by the Armed Forces of the United
States for children of citizens of the United States residing in areas outside
the continental United States.
2.
The service in an eligible governmental entity must satisfy the requirements
for membership in PERS as outlined in PERS Board Regulation 36,
Eligibility for Membership in PERS, except for the requirement
that the employment be in the state of Mississippi or a public education system
of the state or a governmental instrumentality of the state.
3. A member may not establish out-of-state
service for any period of time that the member has previously been awarded
service credit under PERS.
4.
Service credit for out-of-state service is awarded in the same manner that it
would have been awarded if the service had been covered under PERS.
5. To be eligible to purchase out-of-state
service, the member must have entered or reentered state service after
completion of the out-of-state service to be purchased. Out-of-state service
performed after the member withdraws from covered public service or retires
does not qualify for purchase under this section. In no case shall out-of-state
service be eligible for purchase for any period in which the member was drawing
a retirement allowance.
6. To be
eligible to purchase out-of-state service, the member must furnish the
following from the out-of-state public employer and out-of-state public
retirement system:
(i) documentation from the
employer showing the position held, the employment classification of the
position held, and the dates of service performed and
(ii) certification from the out-of-state
public retirement system that the member is not receiving nor will be entitled
to receive benefits from the out-of-state public retirement system on the basis
of the out-of-state service being certified to PERS.
7. The member must have received a full
refund of all contributions, if any, to his or her credit in the out-of-state
public retirement system to be eligible to establish out-of-state service,
including distributions from an optional retirement plan, for which the member
is seeking to purchase service.
8.
A maximum of five years of creditable service may be purchased based on
out-of-state public employment.
Notes
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