HERANADO — DeSoto County supervisors have approved refinancing $22 million in 2004 general obligation bonds, a move that could save $900,000. The Commercial Appeal reports the board also approved a health coverage pact for county employees. The new plan keeps rates flat. The current interest rate the county must pay from 2015 to 2024 ranges [...] [...]
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 [...] [...]
The growing tempest enveloping the Public Employees Retirement System of Mississippi (PERS) did not have to happen. That is not to say that its current status as being 65 percent funded should not be given some attention. Nevertheless, as has been pointed out a number of times, the Mississippi system is in relatively good health, [...] [...]
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 [...] [...]
JACKSON — Groups representing current and former state employees in Mississippi say they are worried about the possibility of changes in the Public Employees Retirement System. More than 100 people attended a hearing yesterday at the state Capitol. Many expressed concerns to a group that’s studying ways to make PERS more financially stable. Republican Gov. [...] [...]
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 [...] [...]
PASCAGOULA — Insurance Commissioner Mike Chaney said his office is looking into a complaint that a retiree benefit advisor in the Pascagoula school system steered retirees to private plan she was selling. Chaney told The Mississippi Press that the complaints allege Jackie Theisen, the Pascagoula district’s retiree benefit advisor, was soliciting district retirees to switch [...] [...]
SOUTH MISSISSIPPI — Union workers at AT&T Mobility in South Mississippi have voted on whether to strike as part of an effort to get an in increase wages and benefits. Eric Cox, treasurer for the Communications Workers of America Local 3519, said the company’s 400 employees are in contract negotiations. The workers, who handle customer [...] [...]
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