JACKSON — The Mississippi House has passed a bill that would cut the years state employees must wait to qualify for retirement benefits.
House Bill 880 would cut the wait from eight years to four years to be a member of the state Public Employees Retirement System.
The bill passed 113-7 Wednesday and moves to the Senate for more work.
The cut would give more state employees retirement benefits and shorten the time future workers must wait to get those benefits.
The changes to the retirement program wouldn’t cost much more than the program costs now, according to a joint committee of the House and Senate. The committee says the change would have a “negligible” financial effect while attracting potential new employees.
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