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 [...] [...]
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 [...] [...]
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 [...] [...]
JACKSON — The wait for the report from the Public Employees’ Retirement System (PERS) Study Commission will be longer than expected. The Governor’s Office announced the Nov. 15 deadline would be missed. The statement from the governor reads: “Due to the complicated nature of the review of the state Public Employees’ Retirement System, the PERS [...] [...]
JACKSON — A top Mississippi lawmaker says budget writers deserve to hear directly from the leader of a governor’s commission that’s studying the Public Employees Retirement System. House Banking Committee Chairman George Flaggs, D-Vicksburg, says he’s considering issuing a subpoena for Gulfport Mayor George Schloegel, the man appointed by Republican Gov. Haley Barbour to study [...] [...]
JACKSON — Attorney General Jim Hood has sent a letter to Pat Robertson, executive director of the Public Employees Retirement System (PERS), giving his opinion on possible changes and/or recommendations from the PERS Study Commission. Hood wrote that whatever changes might be considered or recommended, the “law requires the state to honor the commitment it [...] [...]
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 [...] [...]
Loading ...