Mississippi 2026 Regular Session Status: Enacted 1 R cosponsors

HB 4073 — Mississippi Work and Save Program; create; revise certain PERS provisions.

Last action — 04/08 Approved by Governor

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 24, 2026. Enacted.

Signed by Governor Tate Reeves (Republican) on April 01, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 72% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

AN ACT TO CREATE THE MISSISSIPPI WORK AND SAVE PROGRAM, WHICH IS A RETIREMENT SAVINGS PROGRAM SPONSORED BY THE STATE FOR CERTAIN EMPLOYERS WHO DO NOT ALREADY OFFER A RETIREMENT PLAN THAT WILL ALLOW THOSE EMPLOYERS TO OFFER ELIGIBLE EMPLOYEES THE VOLUNTARY CHOICE TO CONTRIBUTE TO AN INDIVIDUAL RETIREMENT ACCOUNT (IRA) THROUGH A PAYROLL DEDUCTION; TO PROVIDE THE POWERS, AUTHORITY AND DUTIES OF THE STATE TREASURER; TO PRESCRIBE THE REQUIREMENTS FOR THE PROGRAM; TO PROVIDE THAT THE IRA TO WHICH CONTRIBUTIONS ARE MADE WILL BE A ROTH IRA AND THE STANDARD PACKAGE WILL BE A ROTH IRA WITH A TARGET DATE FUND INVESTMENT AND A SPECIFIED CONTRIBUTION PERCENTAGE; TO PROVIDE CERTAIN PROTECTION FROM LIABILITY FOR EMPLOYERS IN THE PROGRAM AND FOR THE STATE; TO PROVIDE FOR THE CONFIDENTIALITY OF PARTICIPANT AND ACCOUNT INFORMATION; TO CREATE THE MISSISSIPPI WORK AND SAVE ADMINISTRATIVE FUND AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT MONIES IN THE FUND SHALL BE EXPENDED UPON APPROPRIATION OF THE LEGISLATURE, FOR THE PURPOSES AUTHORIZED IN THE MISSISSIPPI WORK AND SAVE PROGRAM; TO AMEND SECTION 25-14-5, MISSISSIPPI CODE OF 1972, TO ALLOW THE MISSISSIPPI DEFERRED COMPENSATION PLAN AND TRUST TO OFFER ROTH ACCOUNTS AND OTHER AFTER-TAX CONTRIBUTION VEHICLES; TO PROVIDE THAT A PARTICIPANT'S ROTH OR OTHER ALLOWABLE AFTER-TAX CONTRIBUTION INTO A DEFERRED COMPENSATION ACCOUNT SHALL BE TREATED BY THE EMPLOYER AS INCLUDABLE IN THE PARTICIPANT'S INCOME AT THE TIME THE PARTICIPANT WOULD HAVE RECEIVED THAT AMOUNT IN COMPENSATION IF THE PARTICIPANT HAD NOT MADE A DEFERRED ELECTION; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI WORK AND SAVE ADMINISTRATIVE FUND; TO AMEND SECTION 25-14-15, MISSISSIPPI CODE OF 1972, TO CONFORM; TO AMEND SECTION 25-11-105, MISSISSIPPI CODE OF 1972, TO REQUIRE ANY TERMINATED PLAN PREVIOUSLY APPROVED BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO PAY TO THE BOARD ITS PORTION OF THE NET PENSION LIABILITY AS OF JUNE 30, 2026, OR THE DATE OF TERMINATION, WHICHEVER AMOUNT IS GREATER, IN A LUMP SUM BEFORE TERMINATION, AS PROVIDED BY BOARD REGULATIONS; TO AMEND SECTION 25-11-103, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF "AVERAGE COMPENSATION" FOR MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHO BECAME MEMBERS ON OR AFTER MARCH 1, 2026; TO AMEND SECTION 25-11-111, MISSISSIPPI CODE OF 1972, TO REDUCE THE CREDITABLE SERVICE REQUIREMENT FOR RETIREMENT REGARDLESS OF AGE FROM 35 YEARS TO 30 YEARS FOR MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHO BECAME MEMBERS ON OR AFTER MARCH 1, 2026; TO AMEND SECTION 25-11-127, MISSISSIPPI CODE OF 1972, TO CHANGE THE REQUIRED SEPARATION PERIOD FOR RETIREES RETURNING TO WORK FROM 90 DAYS TO 30 DAYS; TO CREATE AN ALTERNATIVE RETURN-TO-WORK PROVISION FOR RETIREES WHO ARE NOT SUBJECT TO AN ACTUARIAL REDUCTION IN THEIR RETIREMENT ALLOWANCES, EXCEPT AS A RESULT OF TAKING A PARTIAL LUMP-SUM DISTRIBUTION OR ANY OTHER OPTIONAL BENEFIT UNDER SECTION 25-11-115; TO ALLOW A RETIREE TO RETURN TO WORK FOR A PERIOD OF TIME AS AGREED TO BETWEEN THE EMPLOYEE AND THE EMPLOYER, AT COMPENSATION IN AN AMOUNT NOT TO EXCEED 80% OF THE SALARY IN EFFECT FOR THE POSITION AT THE TIME OF EMPLOYMENT; TO REQUIRE THE EXECUTION OF A WRITTEN AGREEMENT AFTER THE CONCLUSION OF THE SEPARATION PERIOD PROVIDING CERTAIN DETAILS OF THE EMPLOYMENT; TO PROVIDE THAT THE EMPLOYER SHALL PAY TO THE BOARD OF TRUSTEES OF THE SYSTEM THE FULL AMOUNT OF BOTH THE EMPLOYER'S AND THE EMPLOYEE'S CONTRIBUTIONS ON THE AMOUNT OF COMPENSATION RECEIVED BY THE RETIREE RETURNING TO WORK; TO SPECIFY THAT THE EMPLOYEE SHALL NOT GAIN ANY ADDITIONAL RIGHTS OR BENEFITS TOWARD RETIREMENT FROM RETURNING TO WORK UNDER THIS ALTERNATIVE RETURN-TO-WORK PROVISION; TO SPECIFY THAT EMPLOYER CONTRIBUTIONS FOR EMPLOYEES RETURNING TO WORK ARE DESIGNED TO OFFSET ANY PENSION LIABILITY CREATED BY THIS PROVISION; TO PROHIBIT RETIREES FROM RETURNING TO WORK AS ELECTED OFFICIALS, K-12 SCHOOL SUPERINTENDENTS, OR ADMINISTRATORS AT UNIVERSITIES OR COMMUNITY OR JUNIOR COLLEGES UNDER THIS PROVISION; TO PROVIDE FOR THE REPEAL OF THIS PROVISION ON JULY 1, 2036; TO AMEND SECTION 25-11-126, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE REDUCTION IN THE REQUIRED SEPARATION PERIOD; AND FOR RELATED PURPOSES.

Bill Text

Action History

  1. 04/08 Approved by Governor

  2. 04/01 (S) Enrolled Bill Signed

  3. 04/01 (H) Enrolled Bill Signed

  4. 03/29 (S) Conference Report Adopted

  5. 03/29 (H) Conference Report Adopted

  6. 03/27 (S) Conference Report Filed

  7. 03/27 (H) Conference Report Filed

  8. 03/27 (S) Conferees Named Harkins,Sparks,Michel

  9. 03/23 (H) Conferees Named Lamar,Steverson,Zuber

  10. 03/20 (H) Decline to Concur/Invite Conf

  11. 03/19 (S) Returned For Concurrence

  12. 03/18 (S) Passed As Amended

  13. 03/18 (S) Amended

  14. 03/18 (S) Reconsidered

  15. 03/18 (S) Motion to Reconsider Entered

  16. 03/17 (S) Passed As Amended

  17. 03/17 (S) Amended

  18. 03/16 (S) Title Suff Do Pass As Amended

  19. 03/04 (S) Referred To Finance

  20. 02/26 (H) Transmitted To Senate

  21. 02/25 (H) Passed As Amended

  22. 02/25 (H) Amended

  23. 02/24 (H) Title Suff Do Pass

  24. 02/24 (H) Referred To Ways and Means

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 174 not signed on · 1 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (174)

174 members have not signed on to this bill.

Show all 174 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Floor vote

Passed 49 Yea · 1 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 27000
Unaffiliated 12002
Democrat 10100
Total 49102
% of votes cast 94%2%0%4%
How each member voted (52)
Member Party Vote
Blackmon — Yea
Blackwell — Yea
Boyd — Yea
Gillespie Isom — Yea
Jackson — Yea
Johnson — Yea
Ladner — Yea
Simmons S. (13th) — Yea
Taylor — Yea
Thompson — Yea
Turner-Ford — Yea
Williams — Yea
Barnett — Not Voting
Simmons D. T. (12th) — Not Voting
Albert Butler Democrat Yea
David Blount Democrat Yea
Gary Brumfield Democrat Yea
Hillman Terome Frazier Democrat Yea
Hob Bryan Democrat Nay
Johnny DuPree Democrat Yea
Joseph Thomas Democrat Yea
Justin Pope Democrat Yea
Kamesha Mumford Democrat Yea
Rod Hickman Democrat Yea
Sollie B. Norwood Democrat Yea
Andy Berry Republican Yea
Angela Burks Hill Republican Yea
Benjamin Suber Republican Yea
Brian Rhodes Republican Yea
Brice Wiggins Republican Yea
Briggs Hopson Republican Yea
Chad McMahan Republican Yea
Chuck Younger Republican Yea
Daniel H. Sparks Republican Yea
Dean Kirby Republican Yea
Dennis DeBar, Jr. Republican Yea
Don Hartness Republican Yea
J. Walter Michel Republican Yea
Jason Barrett Republican Yea
Jeff Tate Republican Yea
Jeremy England Republican Yea
Joel R. Carter, Jr. Republican Yea
Joey Fillingane Republican Yea
Joseph M. Seymour Republican Yea
Josh Harkins Republican Yea
Kathy L. Chism Republican Yea
Lydia Graves Chassaniol Republican Yea
Michael McLendon Republican Yea
Neil S. Whaley Republican Yea
Rita Potts Parks Republican Yea
Scott DeLano Republican Yea
Tyler McCaughn Republican Yea

Official roll call →

On motion of Senator Hopson, the rules were suspended, the bill considered engrossed, read the third time and, the yeas and nays being taken, it passed as amended, title standing as stated,

Passed 51 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 15000
Republican 25001
Democrat 11000
Total 51001
% of votes cast 98%0%0%2%
How each member voted (52)
Member Party Vote
Barnett — Yea
Blackmon — Yea
Blackwell — Yea
Boyd — Yea
Gillespie Isom — Yea
Jackson — Yea
Johnson — Yea
Ladner — Yea
Simmons D. T. (12th) — Yea
Simmons S. (13th) — Yea
Taylor — Yea
Thompson — Yea
Turner-Ford — Yea
Williams — Yea
Younger. Total — Yea
Albert Butler Democrat Yea
David Blount Democrat Yea
Gary Brumfield Democrat Yea
Hillman Terome Frazier Democrat Yea
Hob Bryan Democrat Yea
Johnny DuPree Democrat Yea
Joseph Thomas Democrat Yea
Justin Pope Democrat Yea
Kamesha Mumford Democrat Yea
Rod Hickman Democrat Yea
Sollie B. Norwood Democrat Yea
Andy Berry Republican Yea
Angela Burks Hill Republican Yea
Benjamin Suber Republican Yea
Brian Rhodes Republican Yea
Brice Wiggins Republican Yea
Briggs Hopson Republican Yea
Chad McMahan Republican Yea
Daniel H. Sparks Republican Yea
Dean Kirby Republican Yea
Dennis DeBar, Jr. Republican Yea
Don Hartness Republican Yea
J. Walter Michel Republican Yea
Jason Barrett Republican Yea
Jeff Tate Republican Not Voting
Jeremy England Republican Yea
Joel R. Carter, Jr. Republican Yea
Joey Fillingane Republican Yea
Joseph M. Seymour Republican Yea
Josh Harkins Republican Yea
Kathy L. Chism Republican Yea
Lydia Graves Chassaniol Republican Yea
Michael McLendon Republican Yea
Neil S. Whaley Republican Yea
Rita Potts Parks Republican Yea
Scott DeLano Republican Yea
Tyler McCaughn Republican Yea

Official roll call →

On motion of Senator Sparks, the rules were suspended, the bill considered engrossed, read the third time and, the yeas and nays being taken, it passed as amended, title standing as stated,

Passed 51 Yea · 1 Nay
Party YeaNayPresentNot Voting
Unaffiliated 14000
Republican 27000
Democrat 10100
Total 51100
% of votes cast 98%2%0%0%
How each member voted (52)
Member Party Vote
Barnett — Yea
Blackmon — Yea
Blackwell — Yea
Boyd — Yea
Gillespie Isom — Yea
Jackson — Yea
Johnson — Yea
Ladner — Yea
Simmons D. T. (12th) — Yea
Simmons S. (13th) — Yea
Taylor — Yea
Thompson — Yea
Turner-Ford — Yea
Williams — Yea
Albert Butler Democrat Yea
David Blount Democrat Yea
Gary Brumfield Democrat Yea
Hillman Terome Frazier Democrat Yea
Hob Bryan Democrat Nay
Johnny DuPree Democrat Yea
Joseph Thomas Democrat Yea
Justin Pope Democrat Yea
Kamesha Mumford Democrat Yea
Rod Hickman Democrat Yea
Sollie B. Norwood Democrat Yea
Andy Berry Republican Yea
Angela Burks Hill Republican Yea
Benjamin Suber Republican Yea
Brian Rhodes Republican Yea
Brice Wiggins Republican Yea
Briggs Hopson Republican Yea
Chad McMahan Republican Yea
Chuck Younger Republican Yea
Daniel H. Sparks Republican Yea
Dean Kirby Republican Yea
Dennis DeBar, Jr. Republican Yea
Don Hartness Republican Yea
J. Walter Michel Republican Yea
Jason Barrett Republican Yea
Jeff Tate Republican Yea
Jeremy England Republican Yea
Joel R. Carter, Jr. Republican Yea
Joey Fillingane Republican Yea
Joseph M. Seymour Republican Yea
Josh Harkins Republican Yea
Kathy L. Chism Republican Yea
Lydia Graves Chassaniol Republican Yea
Michael McLendon Republican Yea
Neil S. Whaley Republican Yea
Rita Potts Parks Republican Yea
Scott DeLano Republican Yea
Tyler McCaughn Republican Yea

Official roll call →

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 4073 do?
AN ACT TO CREATE THE MISSISSIPPI WORK AND SAVE PROGRAM, WHICH IS A RETIREMENT SAVINGS PROGRAM SPONSORED BY THE STATE FOR CERTAIN EMPLOYERS WHO DO NOT ALREADY OFFER A RETIREMENT PLAN THAT WILL ALLOW THOSE EMPLOYERS TO OFFER ELIGIBLE EMPLOYEES THE VOLUNTARY CHOICE TO CONTRIBUTE TO AN INDIVIDUAL RETIREMENT ACCOUNT (IRA) THROUGH A PAYROLL DEDUCTION; TO PROVIDE THE POWERS, AUTHORITY AND DUTIES OF THE STATE TREASURER; TO PRESCRIBE THE REQUIREMENTS FOR THE PROGRAM; TO PROVIDE THAT THE IRA TO WHICH CONTRIBUTIONS ARE MADE WILL BE A ROTH IRA AND THE STANDARD PACKAGE WILL BE A ROTH IRA WITH A TARGET DATE FUND INVESTMENT AND A SPECIFIED CONTRIBUTION PERCENTAGE; TO PROVIDE CERTAIN PROTECTION FROM LIABILITY FOR EMPLOYERS IN THE PROGRAM AND FOR THE STATE; TO PROVIDE FOR THE CONFIDENTIALITY OF PARTICIPANT AND ACCOUNT INFORMATION; TO CREATE THE MISSISSIPPI WORK AND SAVE ADMINISTRATIVE FUND AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT MONIES IN THE FUND SHALL BE EXPENDED UPON APPROPRIATION OF THE LEGISLATURE, FOR THE PURPOSES AUTHORIZED IN THE MISSISSIPPI WORK AND SAVE PROGRAM; TO AMEND SECTION 25-14-5, MISSISSIPPI CODE OF 1972, TO ALLOW THE MISSISSIPPI DEFERRED COMPENSATION PLAN AND TRUST TO OFFER ROTH ACCOUNTS AND OTHER AFTER-TAX CONTRIBUTION VEHICLES; TO PROVIDE THAT A PARTICIPANT'S ROTH OR OTHER ALLOWABLE AFTER-TAX CONTRIBUTION INTO A DEFERRED COMPENSATION ACCOUNT SHALL BE TREATED BY THE EMPLOYER AS INCLUDABLE IN THE PARTICIPANT'S INCOME AT THE TIME THE PARTICIPANT WOULD HAVE RECEIVED THAT AMOUNT IN COMPENSATION IF THE PARTICIPANT HAD NOT MADE A DEFERRED ELECTION; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI WORK AND SAVE ADMINISTRATIVE FUND; TO AMEND SECTION 25-14-15, MISSISSIPPI CODE OF 1972, TO CONFORM; TO AMEND SECTION 25-11-105, MISSISSIPPI CODE OF 1972, TO REQUIRE ANY TERMINATED PLAN PREVIOUSLY APPROVED BY THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO PAY TO THE BOARD ITS PORTION OF THE NET PENSION LIABILITY AS OF JUNE 30, 2026, OR THE DATE OF TERMINATION, WHICHEVER AMOUNT IS GREATER, IN A LUMP SUM BEFORE TERMINATION, AS PROVIDED BY BOARD REGULATIONS; TO AMEND SECTION 25-11-103, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF "AVERAGE COMPENSATION" FOR MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHO BECAME MEMBERS ON OR AFTER MARCH 1, 2026; TO AMEND SECTION 25-11-111, MISSISSIPPI CODE OF 1972, TO REDUCE THE CREDITABLE SERVICE REQUIREMENT FOR RETIREMENT REGARDLESS OF AGE FROM 35 YEARS TO 30 YEARS FOR MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHO BECAME MEMBERS ON OR AFTER MARCH 1, 2026; TO AMEND SECTION 25-11-127, MISSISSIPPI CODE OF 1972, TO CHANGE THE REQUIRED SEPARATION PERIOD FOR RETIREES RETURNING TO WORK FROM 90 DAYS TO 30 DAYS; TO CREATE AN ALTERNATIVE RETURN-TO-WORK PROVISION FOR RETIREES WHO ARE NOT SUBJECT TO AN ACTUARIAL REDUCTION IN THEIR RETIREMENT ALLOWANCES, EXCEPT AS A RESULT OF TAKING A PARTIAL LUMP-SUM DISTRIBUTION OR ANY OTHER OPTIONAL BENEFIT UNDER SECTION 25-11-115; TO ALLOW A RETIREE TO RETURN TO WORK FOR A PERIOD OF TIME AS AGREED TO BETWEEN THE EMPLOYEE AND THE EMPLOYER, AT COMPENSATION IN AN AMOUNT NOT TO EXCEED 80% OF THE SALARY IN EFFECT FOR THE POSITION AT THE TIME OF EMPLOYMENT; TO REQUIRE THE EXECUTION OF A WRITTEN AGREEMENT AFTER THE CONCLUSION OF THE SEPARATION PERIOD PROVIDING CERTAIN DETAILS OF THE EMPLOYMENT; TO PROVIDE THAT THE EMPLOYER SHALL PAY TO THE BOARD OF TRUSTEES OF THE SYSTEM THE FULL AMOUNT OF BOTH THE EMPLOYER'S AND THE EMPLOYEE'S CONTRIBUTIONS ON THE AMOUNT OF COMPENSATION RECEIVED BY THE RETIREE RETURNING TO WORK; TO SPECIFY THAT THE EMPLOYEE SHALL NOT GAIN ANY ADDITIONAL RIGHTS OR BENEFITS TOWARD RETIREMENT FROM RETURNING TO WORK UNDER THIS ALTERNATIVE RETURN-TO-WORK PROVISION; TO SPECIFY THAT EMPLOYER CONTRIBUTIONS FOR EMPLOYEES RETURNING TO WORK ARE DESIGNED TO OFFSET ANY PENSION LIABILITY CREATED BY THIS PROVISION; TO PROHIBIT RETIREES FROM RETURNING TO WORK AS ELECTED OFFICIALS, K-12 SCHOOL SUPERINTENDENTS, OR ADMINISTRATORS AT UNIVERSITIES OR COMMUNITY OR JUNIOR COLLEGES UNDER THIS PROVISION; TO PROVIDE FOR THE REPEAL OF THIS PROVISION ON JULY 1, 2036; TO AMEND SECTION 25-11-126, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE REDUCTION IN THE REQUIRED SEPARATION PERIOD; AND FOR RELATED PURPOSES.
Who sponsors HB 4073?
HB 4073 is sponsored by Jody Steverson (Republican).
What is the current status of HB 4073?
This bill has been enacted into law. Introduced February 24, 2026. Enacted.
Where can I track HB 4073?
Track HB 4073 free on One Click Politics — get push/email alerts when it moves.

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