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Tag Archives: retirement

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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Hinds CC President Dr. Clyde Muse announces retirement plans

RAYMOND – Hinds Community College President Dr. Clyde Muse announced to the Board of Trustees at their regular monthly meeting his intention to retire on June 30, 2020, after 42 years as chief of the college and 68 years as an educator. Muse became president of then-Hinds Junior College on July 1, 1978. He is the longest serving community college ...

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BILL CRAWFORD — PERS trying to stay invisible until after elections

Did you get a glimpse Mississippi’s invisible black hole? It briefly appeared over the past year in the Bigger Pie Forum, an Associated Press article by Jeff Amy, and the Jackson Jambalaya blog. “The Public Employees’ Retirement System of Mississippi is a ticking fiscal time bomb,” headlined the Bigger Pie story. “Analysis: Public retirement plan pressure won’t end soon,” was ...

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Your home as a retirement asset? Yes, but higher returns are possible

By TED CARTER Retirement security may await at the end of a rainbow, but is leaving a home behind the best way to get to it? Yes and no, a financial planner and finance professor say. But for Gary Parker, it’s not even a close call. Homeownership and retirement security are synonymous, he says. That’s not surprising since Parker sells ...

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JUSTIN KELLY — 5 mistakes to avoid in retirement

After a lifetime of planning and saving, you’re finally on the verge of retirement. However, retirement planning doesn’t stop just because you’re beginning to draw income from your investments. As you embark on this exciting new chapter of your life, keep your retirement goals on track by avoiding these common pitfalls: 1. Claiming Social Security Too Early It may be ...

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Ben Allen to retire from Downtown Jackson Partners

By JACK WEATHERLY jack.weatherly@msbusiness.com After 11 years as president of Downtown Jackson Partners, Ben Allen will retire on Sept. 30, leaving behind a record of major development in Mississippi’s largest central business district. “Ben’s commitment to the success of Downtown Jackson cannot be overstated,” Steve Davis, chairman of the DJP board of directors, said in a release. “His leadership has ...

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Eyeing retirement in Mississippi? Consider carefully

By BECKY GILLETTE A lot of factors need to be taken into consideration when deciding when to retire. One of the most important decisions for many Americans is when to start taking Social Security benefits. While the government and most financial advisers recommend people wait to take Social Security at least until they reach their full retirement age (which is ...

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ANALYSIS: Report says Mississippi pension funding too low

A new report says that even if Mississippi’s public employee pension system was meeting investment assumptions, governments still aren’t putting away enough money to whittle down debt from previous pension underfunding. The study, released last week by the Pew Charitable Trusts, raises questions about the long-term course of the Public Employees Retirement System, though the system has enough money to pay years’ ...

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