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.
Top Posts & Pages
- Jackson’s Landmark Center slated for mixed-use conversion
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Race to the pump: Feds appear ready to beat state on new gas taxes
- Senate transportation chair seeks emergency money for roads, bridges
- 3 dozen groups OK'd for Miss. specialty car tags
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners
- Irby commits suicide after wife's prison release