HB 1509 Mississippi House · 2026 Regular Session

Mississippi PERS Stability Act; create.

HB 1509, the "Mississippi PERS Stability Act," would have transferred $500 million from Mississippi's Capital Expense Fund to the Public Employees' Retirement System (PERS) on July 1, 2026, followed by annual $50 million transfers through July 1, 2036. These funds would directly support state public employees' retirement benefits by strengthening PERS' financial stability. The bill required using General Funds if the Capital Expense Fund lacked sufficient unobligated funds for the annual transfers. The bill was referred to committees but died in committee on February 3, 2026, and did not become law.
Bill status died 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 19, 2026 Last action Feb 3, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 19, 2026
Committee
Referred To State Affairs;Appropriations A
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Richard Bennett
Richard Bennett
RRepublican
MS
120