SB2004 • 2026

Mississippi PERS Stability Act; enact.

AN ACT TO ENACT THE MISSISSIPPI PERS STABILITY ACT; TO DIRECT THE TRANSFER OF $500,000,000.00 FROM THE CAPITAL EXPENSE FUND TO THE EMPLOYERS' ACCUMULATION ACCOUNT OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM CREATED IN SECTION 25-11-123(C) ON JULY 1, 2026; TO DIRECT THE ANNUAL TRANSFER OF $50,000,000.00 FROM THE CAPITAL EXPENSE FUND TO THE EMPLOYERS' ACCUMULATION ACCOUNT OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM CREATED IN SECTION 25-11-123(C) FROM JULY 1, 2027, AND ON EVERY JULY 1 THEREAFTER THROUGH AND INCLUDING JULY 1, 2036; TO PROVIDE FOR GENERAL FUNDS TO BE USED IN THE EVENT THAT UNOBLIGATED FUNDS ARE NOT AVAILABLE IN THE CAPITAL EXPENSE FUND; AND FOR RELATED PURPOSES.

Labor

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Sparks, Harkins, Hopson, Blackmon, Blackwell, Boyd, Butler, Chism, DuPree, Fillingane
Last action: 2026-03-03
Official status: Dead
Effective date: July 1, 20

Plain English Breakdown

Checked against official source text during the last sync.

Mississippi PERS Stability Act

This act directs the transfer of funds to stabilize the Public Employees' Retirement System.

What This Bill Does

Transfers $500 million from the Capital Expense Fund to the Employers' Accumulation Account of the Public Employees' Retirement System on July 1, 2026.
Transfers $50 million annually from the Capital Expense Fund to the same account starting July 1, 2027 and continuing each year until July 1, 2036.
Uses general funds if there are not enough unobligated funds in the Capital Expense Fund for the annual transfer.

Who It Names or Affects

The Public Employees' Retirement System
State Treasurer and State Fiscal Officer

Terms To Know

Public Employees' Retirement System (PERS): A retirement plan for public employees in Mississippi.
Capital Expense Fund: A fund used by the state to pay for capital expenses, like building projects.

Limits and Unknowns

The bill did not pass and was not signed into law.
It is unclear how this act would affect other parts of the budget or financial planning.

Bill History

2026-03-03 Mississippi Legislative Bill Status System
03/03 (H) Died In Committee
2026-02-06 Mississippi Legislative Bill Status System
02/06 (H) Referred To State Affairs;Appropriations A
2026-01-08 Mississippi Legislative Bill Status System
01/08 (S) Transmitted To House
2026-01-07 Mississippi Legislative Bill Status System
01/07 (S) Passed
2026-01-06 Mississippi Legislative Bill Status System
01/06 (S) Title Suff Do Pass
2026-01-06 Mississippi Legislative Bill Status System
01/06 (S) Referred To Appropriations

Official Summary Text

Mississippi PERS Stability Act; enact.

Current Bill Text

Read the full stored bill text

S. B. No. 2004 *SS26/R27.1* ~ OFFICIAL ~ G1/2
26/SS26/R27.1
PAGE 1 (ens\kr)

To: Appropriations
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Senator(s) Sparks, Harkins, Hopson,
Blackmon, Blackwell, Boyd, Butler, Chism,
DuPree, Fillingane

SENATE BILL NO. 2004

AN ACT TO ENACT THE MISSISSIPPI PERS STABILITY ACT; TO DIRECT 1
THE TRANSFER OF $500,000,000.00 FROM THE CAPITAL EXPENSE FUND TO 2
THE EMPLOYERS' ACCUMULATION ACCOUNT OF THE PUBLIC EMPLOYEES' 3
RETIREMENT SYSTEM CREATED IN SECTION 25-11-123(C) ON JULY 1, 2026; 4
TO DIRECT THE ANNUAL TRANSFER OF $50,000,000.00 FROM THE CAPITAL 5
EXPENSE FUND TO THE EMPLOYERS' ACCUMULATION ACCOUNT OF THE PUBLIC 6
EMPLOYEES' RETIREMENT SYSTEM CREATED IN SECTION 25-11-123(C) FROM 7
JULY 1, 2027, AND ON EVERY JULY 1 THEREAFTER THROUGH AND INCLUDING 8
JULY 1, 2036; TO PROVIDE FOR GENERAL FUNDS TO BE USED IN THE EVENT 9
THAT UNOBLIGATED FUNDS ARE NOT AVAILABLE IN THE CAPITAL EXPENSE 10
FUND; AND FOR RELATED PURPOSES. 11
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 12
SECTION 1. This act shall be known and may be cited as the 13
"Mississippi PERS Stability Act." 14
SECTION 2. On July 1, 2026, the State Treasurer, in 15
conjunction with the State Fiscal Officer, shall transfer the sum 16
of Five Hundred Million Dollars ($500,000,000.00) from the Capital 17
Expense Fund (Fund No. 6499C00000) to the Employers' Accumulation 18
Account of the Public Employees' Retirement System created in 19
Section 25-11-123(c), Mississippi Code of 1972. 20
SECTION 3. (1) On July 1, 2027, and on every July 1 21
thereafter through and including July 1, 2036, the State 22
S. B. No. 2004 *SS26/R27.1* ~ OFFICIAL ~
26/SS26/R27.1
PAGE 2 (ens\kr)
ST: Mississippi PERS Stability Act; enact.
Treasurer, in conjunction with the State Fiscal Officer, shall 23
transfer the sum of Fifty Million Dollars ($50,000,000.00) from 24
the Capital Expense Fund (Fund No. 6499C00000) to the Employers' 25
Accumulation Account of the Public Employees' Retirement System 26
created in Section 25-11-123(c), Mississippi Code of 1972. 27
(2) If, on a date of transfer under subsection (1) of this 28
section, the Capital Expense Fund (Fund No. 6499C00000) contains 29
less than Fifty Million Dollars ($50,000,000.00) in unobligated 30
funds, the State Treasurer, in conjunction with the State Fiscal 31
Officer, shall transfer the balance of the unobligated funds from 32
the Capital Expense Fund (Fund No. 6499C00000) and a sum in the 33
amount necessary from the State General Fund (Fund No. 2999000000) 34
so that a total sum of Fifty Million Dollars ($50,000,000.00) is 35
transferred to the Employers' Accumulation Account of the Public 36
Employees' Retirement System created in Section 25-11-123(c), 37
Mississippi Code of 1972. 38
SECTION 4. This act shall take effect and be in force from 39
and after July 1, 2026. 40