Mississippi Administrative Code
Title 27 - Personnel
Part 210 - PERS, Regulations for Retirement Plans Administered by the Board of Trustees
Chapter 62 - Crediting of Interest on Member Accumulation Accounts
Section 27-210-62-104 - Current Rate of Interest

The phrase "regular interest" as used in this Regulation shall mean the interest credited to the accumulated contributions of the member's account in the annuity savings account of any system covered by this Regulation during the period his or her membership therein.

As applied to such interest for any period beginning July 1, 1953, through June 30, 1955, "regular interest" shall mean interest credited at the rate of two per cent (2%) per annum.

As applied to such interest for any period beginning July 1, 1955, through June 30, 1982, "regular interest" shall mean interest credited at the rate of one percent (1%) per annum.

As applied to such interest for any period beginning July 1, 1982, through June 30, 1995, "regular interest" shall mean interest credited at the rate of five per cent (5%) per annum.

As applied to such interest for any period beginning July 1, 1995, through June 30, 1996, "regular interest" shall mean interest credited at the rate of two and one-half percent (2 1/2 %) per annum.

As applied to such interest for any period beginning July 1, 1996, through June 30, 2016, "regular interest" shall mean interest credited at the rate of three and one-half percent (3 1/2 %) per annum.

As applied to such interest for any period beginning July 1, 2016, and thereafter, until changed by the Board, "regular interest" shall mean interest credited at the rate of one percent (1%) per annum.