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 [...] [...]
The Board of Trustees of the $20 billion Public Employees’ Retirement System of Mississippi 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 Associated Press Published: November 15,2012
Tags: agency, Coast, executive, executive director, government, marine, Politics, retire, retirement, senior management, state, tetiring, water
BILOXI — Mississippi Department of Marine Resources executive director Bill Walker says new deputy director Danny Guice will take over some of his responsibilities as Walker prepares to retire. Walker told the Sun Herald he plans to retire by June of 2013. Gov. Phil Bryant would name his successor. “What the governor needs is someone [...] [...]
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 [...] [...]
by MBJ Staff Published: September 26,2012
Tags: bank, banker, banking, finance, financial institution, fund, invest, investing, investment, investor, launch, money, net worth, portfolio, product, retirement, saving
GULFPORT — Hancock Holding Company has launched the Hancock Horizon Diversified Income Fund as a new addition to the company’s $1.5-billion family of investment funds. The fund seeks to generate steady income from a combination of financial investments. Hancock Horizon Funds senior vice president and chief investment strategist John Portwood, CFA, said, “This will be [...] [...]
by Associated Press Published: September 26,2012
Tags: ballot, election, lawmaker, legislator, Legislature, politician, Politics, public office, public official, retire, retirement, retiring, vote, voter, Voting
VICKSBURG — State Rep. George Flaggs, a Democrat from Vicksburg who has served in the House since 1988, says he will retire after the 2013 session. Flaggs said he also would leave his job as administrator of Warren County Youth Detention Center. He says he is considering a run for mayor of Vicksburg. The city’s [...] [...]
by Associated Press Published: September 18,2012
Tags: city, educator, government, municipal, municipality, public official, public school, retire, retirement, teacher
JACKSON — State government will be asked to put $44 million more into the Mississippi retirement system next year to shore up the program for an estimated 30 years, the system director has told lawmakers. Pat Robertson, executive director of the Public Employees Retirement System, told lawmakers today public schools and cities and counties would [...] [...]
by Associated Press Published: September 17,2012
Tags: aerospace, dfefense, research and development, retire, retirement, space, space exploration, Space Shuttle, space travel, space vehicle, spaceship, technology
HANCOCK COUNTY — The beginning of space shuttle Endeavour’s final flight to California has been postponed because of weather along the flight route. NASA had planned for the 747 carrying the shuttle to take off from Kennedy Space Center today. The flight is now scheduled to take off at sunrise tomorrow. Low flyovers are still [...] [...]
by Associated Press Published: September 13,2012
Tags: aerospace, engine, flyover, retire, retirement, rocket, space exploration, Space Shuttle, spacecraft, technology, test, testing
HANCOCK COUNTY — Space Shuttle Endeavour, headed for retirement in California, is scheduled to perform low flyovers — as low as 1,500 feet — as it passes NASA facilities in Mississippi and Louisiana. Stennis Space Center tested the orbiter’s main engines. Michoud Assembly Facility in New Orleans is where the shuttle’s iconic orange external fuel [...] [...]
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