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Tag Archives: PERS

Study panel says report is prescription for sustaining state public workers’ retirement

So went the pronouncement of Gov. Haley Barbour last week in detailing a 40-page report that calls for saving over $100 million annually in taxpayer contributions to the Public Employees Retirement System of Mississippi. Much of the savings would come through increases in retirement ages, changes in the way retirement benefits are calculated and freezing of cost of living allowances ...

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Read the Dec. 19 issue of the MBJ online

In this week’s MBJ — BUSINESSPERSON OF THE YEAR: It is our inaugural Businessperson of the Year award. Find out whom we are honoring with our most prestigious award of the year. Also in this week’s paper: >> AN MBJ INVESTIGATION: A financial relationship exists between UMMC and the embattled Delta Health Alliance. — by CLAY CHANDLER >> KEMPER COUNTY ...

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Center for Public Policy: Roll back retirement benefits for state workers

A Mississippi-based organization that advocates limited government has weighed in on the Mississippi Public Employee Personnel System solvency issue with a call for rollbacks in retirement benefits for some state workers. In a legal brief submitted to a study commission created to study possible reform of PERS, the Mississippi Center for Public Policy challenges state Attorney General Jim Hood’s assertion ...

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Head of public employee retiree group claims Barbour ‘coming after us’

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 for conversion of Public Employees ...

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Union lawyer, PERS chief: Options are limited

The head of the Public Employees Retirement System of Mississippi says the $20.7-billion retirement trust fund is constitutionally protected but she doubts the benefits of retirees and public sector workers enrolled in the plan have the same protections. “However, this could be debated,” said Pat Robertson, PERS executive director. She cited a 1986 amendment to the Mississippi Constitution in noting ...

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Day of reckoning ahead for PERS

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 benefits awarded current and future ...

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It’s beginning to feel a lot like Wisconsin

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 State of Mississippi takes money ...

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Davis hired as field representative

Dawinna Davis of Jackson has joined the Public Employees’ Retirement System of Mississippi (PERS) as the field representative for Hinds County. Along with Davis, PERS has three other field representatives who cover the north, central, and southern parts of the state. The representatives work directly with PERS-covered agencies through training sessions and seminars to educate employers on reporting procedures, form ...

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PERS honored for financial report

The Public Employees’ Retirement System of Mississippi (PERS) has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for PERS’ fiscal year 2008 comprehensive annual financial report. This is the 22nd consecutive year that PERS has received this award. Prepared by the Finance and Accounting Department ...

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