Barbour calls special session for state retirement program
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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Voters to decide whether hunting, fishing is constitutional right
- Dak Prescott's autograph fetches a pretty penny
- Butler Snow names Crockoft new office director
- Gulf oil and gas leases to go up for sale in March
- Grand juries charge seven with election violations
- Farm theft investigation recovers $200K in stolen equipment
- Airport gets grant to support seasonal service from Sun Country
- State officials identify first flu case this season
- STAYING POSITIVE — Career attitude help Brynn Joachim to fight disease at 41