Tag Archives: retirement

UPDATED: Lt. Gov. Tate Reeves living in glass house on issues

January 2, 2013

2 Comments

Nancy Anderson, MBJ contributing columnist

So the State legislature finally decided to pony up additional money to fund PERS appropriately. Their portion will increase from 14.26 percent to 15.75 percent. Of course, had they been funding it all along as outlined by the actuaries, this big jump would not be necessary. And how will the State of Mississippi come up […]

Continue reading...

Don’t expect to see Barbour resting in his life after the mansion

January 5, 2012

0 Comments

Haley Barbour is ready for a life of retirement– golf, bouncing grandchildren on his knee, more golf, speechifying and lobbying. As Barbour hangs up his hat as governor of Mississippi, he will transition to a different type of life. After all, he’s 64 years old. It’s time for him to give up the nine to […]

Continue reading...

Choose to be aware of your options in 2011

December 29, 2011

1 Comment

Sometimes we choose by not choosing. Behavioral economists have long recognized our tendency to avoid making decisions. The more difficult the decision, the more we avoid the question all together. Thaler and Sunstein wrote a book called “Nudge.” In it, they cite all kinds of instances of this tendency to avoid choosing. Of course, the […]

Continue reading...

It’s beginning to feel a lot like Wisconsin

August 21, 2011

1 Comment

I’ve never been to Wisconsin, but I’m imagining what it will be like when Wisconsin comes to Mississippi. Gov. Barbour has appointed a commission to “examine” the state retirement system, affectionately known as PERS. PERS is a defined benefit plan, aka pension plan. Its benefits are based on longevity, age at retirement, and salary. The […]

Continue reading...

Get retirement plan ready or die early

June 6, 2010

0 Comments

The idea of retirement, much less a plan to cover it, is a modern one. In most countries, Grandma just moves in with you when she can’t support herself anymore. General Motors started the first private retirement plan in 1950 in the United States. It was a defined benefit plan, also known as a pension. […]

Continue reading...