Mississippi Administrative Code
Title 27 - Personnel
Part 220 - PERS, Deferred Compensation Plan And Trust
Article IX - ROLLOVERS TO AND FROM THE PLAN
Section 27-220-IX-9.3 - PURCHASING SERVICE CREDITS UNDER A STATE OR LOCAL RETIREMENT SYSTEM
Universal Citation: MS Code of Rules 27-220-IX-9.3
Current through December 10, 2024
A Participant may direct the Board to transfer amounts under his Participant Account tax-free under the Plan in accordance with Code Section 457(e)(17) to the fiduciary of a state or local retirement system in order to enable the Participant to purchase years of service credits under the system or repay amounts previously cashed out under the system even if the Participant is not eligible for a distribution under Section 7.1. The Board shall take such reasonable measures as required to ensure that the intended recipient plan will accept such transferred amounts.
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