Posts Tagged ‘pension’

Is PERS in better financial shape or not? Depends on accounting

JACKSON — Mississippi’s public employee pension fund saw its financial position improve last year. Or it didn’t. It’s all in the accounting. And depending on which set of numbers you look at, results for the Public Employees Retirement System are either negative or positive for the 12 months ended June 30. The negative take first: […] [...]

Study: Capital City’s pension plan one of worst in U.S.

JACKSON — Sixty-one key cities across America, including Jackson, have emerged from the Great Recession with a gap of more than $217 billion between what they had promised their workers in pensions and retiree health care and what they had saved to pay that bill, according to a report released by The Pew Charitable Trusts. The […] [...]

TVA’s pension fund shortfall affecting ratepayers

NORTH MISSISSIPPI — A shortfall in the Tennessee Valley Authority’s pension fund is affecting electric ratepayers. The Chattanooga (Tenn.) Times Free Press reports TVA has added nearly $1.3 billion from customers to the find since 2008 when investment markets tanked. However, the federal utility didn’t add any money to the fund in 2012. CFO John […] [...]

State delaying full funding of pension plan for six months

Legislators inserted funding in recently passed appropriations, including state’s full 12.9 percent contribution starting Jan. 1 Mississippi’s public employee retirement system took a hit this legislative session but not the full scale blow for which its managers had been bracing. The retirement system must wait six months for the state to begin handing over a […] [...]

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