Barbour calls special session for state retirement program
by Associated Press
Published: April 22,2010
JACKSON — Gov. Haley Barbour says he’s calling a special session for lawmakers to consider increasing the amount that state employees pay toward their own retirement.
The special session begins at 1 p.m. Thursday and is taking place within the regular session already under way. Barbour made the announcement less than three hours before the special session was set to begin.
He wants educators and employees of state and local governments to pay 9 percent of their paychecks toward retirement. That would be an increase from the current 7-1/4 percent.
Barbour says if the change is not made, $70 million could be lost from the state general fund to shore up the pension fund. He says that could translate into layoffs for up to 1,000 employees.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- MSU researchers develop timber-management software
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- BBB issues warning involving asphalt paving scam
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Baker Donelson's David A. Rueff Jr. co-authors guide
- Chris McDaniel responds to radio show audio clip