Day of reckoning ahead for PERS
Panel studying possible changes to state retirement system benefits
Upgrades in retirement benefits granted to Mississippi’s public sector workers a decade ago could get rolled back as the state, its cities, counties and school districts struggle to stay financially afloat.
Citing an “unsustainable” burden on Mississippi taxpayers inching toward $1 billion annually, Gov. Haley Barbour wants a close look taken at altering the retirement benefits awarded current and future public employees in the state.
To that end, he has created a study commission to determine options open to the state, its counties, cities and school districts that cover about 248,000 employees in the Public Employment Retirement System of Mississippi, or PERS.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Ecolab reducing Columbus workforce
- Tommy Robertson indicted on five counts of embezzlement
- State's ventures into alt-fuel markets net few jobs
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- Lab owner loses challenge to 40 months in waste case
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- MSU-CVM professor leads major reference publication
- Watch out for wildlife while driving on roads, highways