Mississippi Administrative Code
Title 27 - Personnel
Part 210 - PERS, Regulations for Retirement Plans Administered by the Board of Trustees
Chapter 52 - Payroll Deduction of Retiree Group Life and Health Insurance
Section 27-210-52-101 - Payroll Deduction
Current through September 24, 2024
1. Any retired member or beneficiary receiving a retirement allowance or benefit pursuant to any retirement system administered by the Board of Trustees of the Public Employees' Retirement System (PERS) may authorize the system to make deductions therefrom for the payment of insurance premiums for employer or system sponsored group life and health insurance.
2. The executive director shall prescribe, subject to these rules, the procedures and forms for the filing of authorizations.
3. The sponsoring entity must adopt a resolution approving payment by payroll deduction.
4. Unless otherwise authorized by the executive director, payment to a sponsoring entity/insurance provider must be made by direct deposit from PERS.
5. Unless otherwise authorized by the executive director, billing from any sponsoring entity/insurance provider will be automated and in the format specified by the system, known as the "Vendor Billing Requirements."
6. Not fewer than 500 retirees must initially authorize the deduction for payment to the same group health or life insurance provider.
7. Authorization shall be filed in the office of the board. However, the executive director may prescribe in the alternative, filing such authorization with the insurer issuing the group life or health insurance plan, if such insurer has undertaken in a writing filed with the board to:
8. Authorizations or changes thereto must be received by PERS no later than the 10th of any month to become effective on the 1st day of the following month. The system shall make the deductions authorized and pay to the organization the amounts deducted, until the authorization is revoked in writing by the person.
9. PERS may charge the insurance provider an amount not exceeding the actual costs incurred by the system in making the deductions.