Business Blog

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 [...]

Most politicians know Mr. Pot should think twice before calling Mr. Kettle names. Oh, they can enthusiastically besmirch each other’s policies and positions, but name calling besmirches the namer more than the named. So it was in Rep. Steve Holland’s hand written note last week to Gov. Phil Bryant. “I think you’re a fool to [...]

from Bill Crawford … It’s time for the PERS Board and Executive Director to fess up to the serious problems facing the state retirement system. It’s time for the Legislature to put politics aside and face up to these problems. It’s time for us retirees to tune in to reality, take our medicine now, and [...]

By Ted Carter The head of the Mississippi Retired Public Employees Association says several legislators have warned him that Gov. Haley Barbour will work after he leaves office to alter the benefits structure of the state’s $20 billion public employers retirement system. Specifically, Barbour will lobby for curbs on retiree cost-of-living increases and will push [...]