Get Form DSBL1: Pre-Application For Disability Retirement Benefits

Public Employees' Retirement System of Mississippi (PERS): The employee's pre-tax contribution is 9.00% of gross wages and the University contribution is 17.40% of the employee's gross income. PERS is a defined benefits plan which entitles qualified employees to a guaranteed retirement benefit.

A 13th-month salary—also known as 13th-month pay—is an extra paycheck that is typically equal to one month's basic salary. It is paid in addition to your employee's annual salary and can vary from country to country. This tradition started in the Philippines in the 1970s and has since spread to other countries.

No provision exists for loans, partial refunds, or hardship withdrawals of member contributions. Refunding your account contributions means losing your membership in PERS as well as the accompanying service credit. You also waive and relinquish all accrued vested rights.

It can be difficult to get Federal Disability Retirement if you are unfamiliar with the process, but ultimately, the benefits of Federal Disability Retirement are worth the effort. Receiving Federal Disability Retirement can seem like a daunting task.

Generally retirees who retired before July 1, 2021 are eligible for the COLA and supplemental payment (13th check). 2. How much is the one-time supplemental payment (13th check)? If you are eligible, the one-time supplemental payment (13th check) will be equal to your June annuity payment, up to a maximum of $2,000.

The 13th check is sometimes referred to as a bonus check. The bonus check, which is usually issued each December 15th, is computed on a percentage basis multiplied by the number of years retired and annual income received.

PERS Vesting RequirementsRetirement Eligibility4 yearsHired before 7/1/2007: 25 years of service at any age OR age 60 with at least 4 years of service8 yearsHired after 7/1/2007: 30 years of service at any age OR age 60 with at least 8 years of service

Your retirement benefit is calculated using a formula with three factors: Service credit (Years) multiplied by your benefit factor (percentage per year) multiplied by your final monthly compensation equals your unmodified allowance. Service Credit - Total years of employment with a CalPERS employer.