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Tag Archives: Public Employees’ Retirement System of Mississippi

City cutting costs again, but plans no layoffs due to budget woes

BILOXI — The Biloxi City Council is cutting expenses again but doesn’t plan any layoffs for the coming year and anticipates keeping water and sewer rates at the current level. In a workshop yesterday, The Sun Herald reports the council took a first look at the budget for the fiscal year 2013-14, which begins Oct. 1. City controller Scott McElroy ...

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Dems vow ‘blockade’ of PERS revamp plan

Proclaiming that a full scale attack on the Public Employees’ Retirement System of Mississippi is soon to be underway at the Capitol, Democratic legislators gathered Tuesday to pledge a fight to the finish on the issue. “We’re going to be a blockade,” declared House Minority Leader Bobby Moak at the close of a late morning press conference called in response ...

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PERS: Employer contribution rate for defined benefits will climb

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 a 10-year drop in the ...

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

The strategy is to structure benefits consistent with a  policy that encourages workers to stay on the job until age 62 “All the cards are on the table face up.” 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 ...

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PERS: An unnecessary predicament

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, but prudence would call for ...

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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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