Mississippi Work and Save Program; create; revise certain PERS provisions.

Added extensive amendments to the Public Employees' Retirement System, including changes to retirement eligibility, return-to-work rules, and benefit calculations.

Reduced the creditable service requirement for public employees to retire regardless of age from 35 years to 30 years for those joining the system on or after March 1, 2026.

Changed the required separation period before a retired public employee can return to work from 90 days to 30 days.

Revised the definition of 'average compensation' for public employees to use the average of the eight highest consecutive years of pay instead of the four highest years for those joining after March 1, 2026.

Added provisions authorizing the issuance of state general obligation bonds to fund the administrative costs of the Mississippi Work and Save Program.

Updated the Mississippi Work and Save Program to allow for an alternative return-to-work provision for public retirees, permitting them to work for up to 80% of their former salary without reducing their pension, subject to specific conditions.

Authorized the Mississippi Deferred Compensation Plan to include Roth accounts and other after-tax contribution vehicles for public employees.