MS Deferred Comp; allow Roth and other after-tax accounts, and comply with qualified domestic relations orders.

SB 2863 would allow Mississippi's state employee deferred compensation plan to offer Roth-style accounts and other after-tax contribution options. It requires employers to treat these contributions as taxable income at the time they would have been paid to the employee, rather than upon withdrawal. The bill also mandates that the plan comply with court-ordered divorce settlements (Qualified Domestic Relations Orders) that divide retirement benefits. This directly affects Mississippi state employees participating in the deferred compensation program, changing how they contribute and how benefits are handled in divorce cases.