Mississippi Administrative Code
Title 27 - Personnel
Part 220 - PERS, Deferred Compensation Plan And Trust
Article VII - BENEFITS
Section 27-220-VII-7.1 - WHEN BENEFITS ARE PAYABLE
Universal Citation: MS Code of Rules 27-220-VII-7.1
Current through December 10, 2024
a. A Participant Deferral Account may not be paid to a Participant (or, if applicable, the Beneficiary) until one of the following events has occurred:
(i) upon the Participant's Severance from Employment or death;
(ii) an Unforeseeable Emergency, within the meaning of and subject to Section 7.11;
(iii) the election of a voluntary in-service distribution within the meaning of and subject to Section 7.12;
(iv) the election of a small account distribution within the meaning of and subject to Section 7.13;
(v) the election of a qualified birth or adoption distribution within the meaning of and subject to Section 7.14; or
(vi) the election of a coronavirus-related distribution within the meaning of and subject to Section 7.15;
b. A Participant 457 Rollover Account shall be paid to a Participant in accordance with sub-section (a) above.
c. A Participant Non-457 Rollover Account that is separately accounted for under the Plan may be distributed at any time, pursuant to the Participant's request.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.