Mississippi Administrative Code
Title 27 - Personnel
Part 210 - PERS, Regulations for Retirement Plans Administered by the Board of Trustees
Chapter 41 - PERS Marketing Policy and Guidelines - Deferred Compensation Plan
Section 27-210-41-103 - Guidelines
Current through September 24, 2024
The Deferred Compensation Registered Representatives will work within the following marketing guidelines set forth by PERS.
1. PERS has the authority over coordination of the Deferred Compensation marketing effort.
2. The employer has the ultimate responsibility for informing each employee of his/her eligibility for the Deferred Compensation Plan. The Deferred Compensation Administrator will assist in meeting this requirement through group meetings sponsored by the employer and conducted by the Deferred Compensation Administrator. Representatives of the Plan will be available for these group meetings and/or additional meetings as requested by the employer or PERS.
3. Each eligible employer may provide the Deferred Compensation Administrator with the name(s) or the contact person(s) by department or location. In turn, the Deferred Compensation Administrator will provide the employer contacts with the names of their respective Deferred Compensation Registered Representatives.
4. The PERS executive director may provide the Deferred Compensation Administrator with contact, wages, date of birth, and other sensitive personally identifiable information for eligible PERS members, provided the Deferred Compensation Administrator signs a statement that any information provided by PERS with regard to its members must be kept confidential and will not be shared with or released to any third party or used in any way except for the express purposes of presenting information to and enrolling employees in the Deferred Compensation Plan.
5. The Deferred Compensation Administrator's representatives may contact eligible employers and employees through brochure distribution, mail-outs, email, at employer sponsored meetings, or through other approved communications.
6. Gifts or any other monetary award or gratuity to employees or employers under the Deferred Compensation Plan contract are strictly prohibited.
7. No products other than PERS authorized Deferred Compensation products may be marketed by the Deferred Compensation Administrator's representatives.
8. PERS must approve all company sales literature and explanatory materials before any such materials may be distributed.
9. Each employer will make available to eligible employees the approved plan literature with the contact information and website of the Deferred Compensation Administrator.
