PERS; allow Tier 5 members to receive 3% COLA, but not to exceed $15,000.00 in any single year.
An Act To Amend Section 25-11-112, Mississippi Code Of 1972, To Provide That Any Member Of The Public Employees' Retirement System Of Mississippi Who Became A Member Of The System On Or After March 1, 2026, Shall Receive A 3% Cost-of-living Adjustment, Except That Such Amount Shall Not Exceed $15,000.00 In Any Year; To Provide That, Every Three Years, The Legislature May Evaluate Whether This Maximum Dollar Amount Shall Be Raised Due To The Rate Of Inflation; And For Related Purposes.
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}