Mississippi Administrative Code
Title 27 - Personnel
Part 210 - PERS, Regulations for Retirement Plans Administered by the Board of Trustees
Chapter 65 - Earned Compensation for the Public Employees' Retirement System of Mississippi
Section 27-210-65-103 - Exclusions from the term "earned compensation"

Universal Citation: MS Code of Rules 27-210-65-103

Current through September 24, 2024

The term "earned compensation" does not include the following:

1. amounts paid by an employer for health or life insurance premiums or the value of such benefits;

2. litigation fees;

3. bond fees;

4. other similar nonrecurring payments;

5. amounts in excess of the lump sum payment for unused leave upon termination from employment as authorized under state law;

6. payments not authorized by law, including but not limited to:

a. the value of personal use of automobile or automobile allowance;

b. the value of personal use of employer provided cell phones or reimbursement for business use of a personal cell phone;

c. the value of personal use of employer-provided Internet or reimbursement for business use of personal/home Internet;

d. monetary awards, honorariums, or bonuses;

e. amounts paid in excess of statutory limitations set on salaries; and

f. retroactive pay increases, other than bona fide administrative errors;

7. any form of severance or termination pay, other than lump sum payments for leave upon termination from employment as authorized under state law;

8. any additional compensation received in anticipation of retirement, such as early retirement incentives, reduction in force programs, or retroactive payments;

9. commuting and reimbursed travel expenses, whether taxable or not;

10. cash remuneration, if any, selected by an employee in lieu of medical or other insurance benefits within the salary averaging period before retirement; and

11. other employer paid fringe benefits, including, but not limited to:

a. educational assistance;

b. dependent care assistance;

c. transportation benefits;

d. nonpaid major medical (sick) and personal (vacation) leave; and

e. employer contributions for Social Security and retirement.

12. any form of payment to a state employee outside of budgetary funds appropriated by the legislature.

Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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