SEC. 25-11-137. Law enforcement officer or fireman.
(1) (a) Any law enforcement officer or fireman who has been covered under this article or under Section 21-29-101 et seq., Section 21-29-201 et seq., or Section 25-13-1 et seq., and who changes his employment from one jurisdiction to another jurisdiction, or has previously made such change, may elect to transfer retirement service credit earned while covered under such retirement system of the former jurisdiction to that of the latter as * * * provided in this section .
(b) Any such law enforcement officer or fireman transferring as described in paragraph (a) of this subsection and having paid retirement funds under this article or under Section 21-29-101 et seq., Section 21-29-201 et seq., or Section 25-13-1 et seq., must pay into the retirement system to which he is transferring the full amount of employee contributions which he would have paid into that system had he been a member of that system for each year of creditable service which is being transferred, together with regular interest which would have been earned by that system thereon, and he must also pay, or the system from which he is transferring must pay, into the system to which he is being transferred an amount equal to that which the employer would have paid had he been a member of that system for each year transferred, together with regular interest which would have been earned by that system thereon. * * * The retirement system from which he is being transferred shall be required to pay into the system to which he is transferring any funds credited to his account . * * * Any additional funds which may be required shall be paid by the person being transferred. Failure to make these proper adjustment payments will void any transfer of service credits.
(2) The benefits which are being currently paid by the system in which the law enforcement officer or fireman has last been a member, and the requirements for retirement or disability benefits, shall be those applicable to such officer falling under the provisions of this section. Such transfers may only be made after the member has satisfied the minimum eligibility period for monthly benefits, excluding any duty related benefits, in the system to which the member is transferring such credit. Upon the complete transfer and payment of such credit, all time spent in the covered law enforcement or fire department service, as noted above, within and for the State of Mississippi or the political subdivisions thereof, shall apply to the time required by law necessary to effect the retirement or disability of the officer.
SOURCES: Codes, 1942, Sec. 7446-41; Laws, 1968, ch. 576, Secs. 1, 2; 1975, ch. 398, eff from and after passage (approved March 24, 1975). Amended by Laws 1999, Ch. 544, Sec. 7, HB785, eff. July 1, 1999.
PREVIOUS VERSIONS: Pre-1999