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
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Once the bane of only Southerners, kudzu is migrating north and west
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- SouthGroup Insurance named to 'Best Practices' study
- Senators push for protecting steel producers from imported rebar