Legislature; allow PERS retirees to receive retirement allowance while serving as a member of.

SB 2905 would allow Mississippi Public Employees' Retirement System (PERS) retirees who are elected to the legislature to continue receiving their retirement allowance while serving as legislators, in addition to their legislative salary. It requires these legislators to pay the full employee contribution amount on their legislative salary to PERS, but they would not earn additional retirement credit for the service period. The bill also specifies that such individuals would not be considered active retirement members during their legislative service. This change applies specifically to PERS retirees elected to the legislature after retirement or legislators eligible for PERS benefits while serving.