27 Miss. Code. R. 210-65-104 - Reporting of maintenance
1.
Maintenance provided to employees before July 1, 2013
a. The definition of "earned compensation"
includes the value of either cash or non-cash maintenance furnished by the
employer before July 1, 2013, in accordance with the maximum reportable
allowances set in PERS Board Regulation 33, Value of
Maintenance.
b. From and
after July 1, 2013, the value of maintenance furnished to an employee shall be
reported as earned compensation as that term is defined in Miss. Code Ann.
§
25-11-103(k)
(1972, as amended) only if the employee was receiving maintenance and having
maintenance reported to PERS as of June 30, 2013.
c. Where maintenance was not properly
reported when furnished by the employer, the employee and employer shall have
underreported the earnings of the affected employee and service credit for the
underreported period(s) shall not be available until proper contributions and
interest, if applicable, on the value of maintenance are made to
PERS.
2.
Maintenance provided to employees on or after July 1, 2013
Except as otherwise provided in § 105.1.b of this regulation, maintenance provided to employees on or after July 1, 2013, is excluded from earned compensation as that term is defined in § 25-11-103(k) and as further clarified in this regulation.
Notes
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