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Adams County officials agree to pay missing retirement funds

Adams County supervisors have agreed to pay retirement benefits to former hospital employees.

The Natchez Democra reports that the Adams County Board of Supervisors agreed on Monday to pay the Mississippi Public Employee Retirement System nearly $450,000.

The decision has come two years after the Natchez Regional Medical Center filed for bankruptcy and missed payments to PERS.

Medical center employees continued to make contributions toward PERS from November 2013 until the hospital filed for bankruptcy in March 2014, but the medical center failed to pay the employer portion of the payments to the retirement system.

Board attorney Scott Slover says $310,000 of the $450,000 would come from a bankruptcy escrow account. About $140,000 would come out of the general fund and cash balances.


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