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Tag Archives: PERS

BILL CRAWFORD — Despite cash infusion PERS’ ship keeps sinking

Here we go again at PERS, the state employee retirement system. Despite last year’s promise to legislators that a boost in employer contributions would right the ship, the ship sank again in FY 2019. The latest Actuarial Valuation Report (delayed until after the election) showed PERS’ unfunded pension liability jumped up $1 billion, from $16.9 billion to $18 billion. The ...

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McCoy, Fitch to lead board

Dr. Randy D. McCoy has transitioned from vice chairman to chairman of the Board of Trustees of the Public Employees’ Retirement System of Mississippi (PERS) for fiscal year 2017, which began July 1. The Board elected State Treasurer Lynn Fitch as its new vice chairman. McCoy is a retired superintendent of the Tupelo Public School District and a board retiree ...

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PERS names internal auditor

Lezlin K. Wallace of Pearl has been named internal auditor for the Public Employees’ Retirement System of Mississippi. Wallace earned her bachelor’s in business administration with an emphasis in accounting from Mississippi College and previously worked as a legal assistant at Jones Walker LLP and as financial services director for the Mississippi Forestry Commission and Mississippi Wildlife Fisheries and Parks. ...

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CRAWFORD: PERS allowed to take higher risks

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 to 0 and was signed ...

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CRAWFORD: PERS allowed to take higher risks

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 to 0 and was signed ...

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CRAWFORD: Gov. Phil Bryant is no fool

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 turn your back on the ...

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