by Bill Crawford Published: April 6,2013
Tags: Bill Crawford, editorial, PERS
While you were sleeping the governor and Legislature gave PERS authority to make higher risk investments with retirement funds. House Bill 990, introduced by the vice chairman of the House Appropriations Committee, Mac Huddleston of Pontotoc, and co-sponsored by committee chairman Herb Frierson of Poplarville, passed the House 82 to 3 and the Senate 52 [...] [...]
by Bill Crawford Published: January 25,2013
Tags: 13th check, Bill Crawford, Nancy Collins, PERS, state retirement
State Sen. Nancy Collins of Tupelo is courageously preparing legislation to address growing financial problems with the state retirement system (PERS). She said her goal was to start a conversation about PERS’ long-term sustainability. “This is the elephant in the room,” she told the Northeast Mississippi Daily Journal. “We should not be afraid to talk [...] [...]
by Ted Carter Published: January 18,2013
Tags: Mississippi Freedom of Information, PERS, retirement, Ted Carter
An agreement by the Public Employees’ Retirement System of Mississippi to release minutes of its Oct. 23 meeting has led the Mississippi Business Journal to withdraw a state Ethics Commission complaint it made against PERS. PERS executive director Pat Robertson initially ordered her staff to refuse the release of the minutes until they could be [...] [...]
by Ted Carter Published: January 18,2013
Tags: PERS, retirement, Ted Carter
A new joint legislative report suggests several state agencies study whether the state can — or should — sweeten incentives used to attract and retain workers. The Joint Legislative Committee on Performance Evaluation and Expenditure Review, or PEER, says the state needs to examine its employee benefit offerings “in preparation for an uncertain future.” With [...] [...]
by MBJ Staff Published: January 18,2013
Tags: Banking & Finance, Chuck Hagel, gambling, PERS
>> ROLLING THE DICE Mississippi gambles on technology developments some deem to be too risky— by Becky Gillette Also in this week’s paper: >> GOVERNMENT Hosemann to fight to keep 16th section lease oversight — by Clay Chandler >> EDUCATION Treasurer to push for financial literacy requirements— by Clay Chandler >> RETIREMENT PERS report raises [...] [...]
by Ted Carter Published: December 14,2012
Tags: PERS, retirement, state employees, Tate Reeves
Directors of state departments and agencies must find a way to pay for a 10.4 percent increase in the employer share of the PERS of Mississippi retirement starting in July. Legislators have withheld the approximately $62 million needed to pay for the increased share of the retirement fund and left department heads to sift through [...] [...]
by Ted Carter Published: November 30,2012
Tags: credit rating, Fitch ratings, Mississippi, Moody's Investor Services, PERS, public employees, retirement pensions, Standard & Poor's, unfunded liability
Mississippi state government ended fiscal 2012 with the same solid credit ratings with which it started the year. Whether the Magnolia State maintains its strong credit in the years to come could hinge on the effectiveness of measures to fund the Public Employees’ Retirement System of Mississippi, or PERS. The pension funding picture is expected [...] [...]
by Ted Carter Published: November 30,2012
Tags: Mississippi, Pat Robertson, PERS, public employees, Public Employees' Retirement System of Mississippi, retirement
The board of trustees of the $20-billion Public Employees’ Retirement System of Mississippi (PERS) trust fund has agreed to up the state’s contribution to the plan in 2014 in hopes of reversing a slide in the funded portion of the trust’s liabilities. The move follows a composite loss of $1.87 billion for fiscal 2012 and [...] [...]
by MBJ Staff Published: November 30,2012
Tags: Bay St. Louis, oysters, PERS, University of Southern Mississippi
THE COST OF LOSING Good football teams create good business— by Clay Chandler GULF COAST Oyster harvesting in full swing— by Lisa Monti PERS Fixed share key for boosting funded ratio— by Ted Carter TRANSPORTATION River at Greenville likely to drop farther with Mo. River impoundment— Ted Carter REAL ESTATE New Orleans developers look to [...] [...]
by Ted Carter Published: November 30,2012
Tags: Mississippi, PERS, public employees, retirement
The governing board of the Public Employees’ Retirement System of Mississippi (PERS) has settled on 15.75 percent as an employer contribution rate that will return the $20 billion retirement fund to safer ground. If the 15.75 percent of covered payroll rate holds beyond 2013, it will mark the first year since 2005 without a hike [...] [...]
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