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
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- Brandon man hauls in record 756-pound alligator
- Is cotton looking too good? Farmers facing weaker prices
- Woman found guilty of murder in buttocks injection case
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- Healthcare Marketplace to look much the same in 2015