Union lawyer, PERS chief: Options are limited
by Ted Carter
Published: August 21,2011
The head of the Public Employees Retirement System of Mississippi says the $20.7-billion retirement trust fund is constitutionally protected but she doubts the benefits of retirees and public sector workers enrolled in the plan have the same protections.
“However, this could be debated,” said Pat Robertson, PERS executive director.
She cited a 1986 amendment to the Mississippi Constitution in noting the protections for the fund itself.
Robertson said the interpretation is that the members have a contractual right to their benefits. “That being said, the courts would have to decide that,” she said.
>>> SEE FULL STORY <<<
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Two BancorpSouth mergers delayed by federal inquiries
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Moon River Foods creating 100 jobs in Mississippi Delta
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- Severstal selling plants, including Severstal Columbus
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Google chooses Mad Genius as example of Internet use
- Weyerhaeuser investing $57M to modernize lumber mill
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Health officials identify another case of chikungunya virus