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Tag Archives: Tate Reeves

Public land in Delta impacted by river flood

Every year, hunters flock to the Delta to take advantage of some of the best public hunting land in the state offered by the Mississippi Department of Wildlife, Fisheries & Parks’ wildlife management areas (WMAs) and the U.S. Fish & Wildlife Service’s Theodore Roosevelt National Wildlife Refuge Complex. This year, however, hunters are wondering if they should find somewhere else ...

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Day of reckoning ahead for Mississippi's Public Employment Retirement System

Panel studying possible changes to state retirement system benefits 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 ...

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According to union lawyer, Public Employment Retirement System 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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Q&A: Tate Reeves, state treasurer, Republican candidate for lieutenant governor

Reeves believes leadership, thoughtfulness is what’s needed Tate Reeves has served as Mississippi state treasurer since 2003. He is the first Republican treasurer in the state’s history. Tate is a Rankin County native and a graduate of Florence High School. He is an honors graduate of Millsaps College and holds a bachelor’s degree in economics. He and his wife, Elee, ...

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State delaying full funding of pension plan for six months

Legislators inserted funding in recently passed appropriations, including state’s full 12.9 percent contribution starting Jan. 1 Mississippi’s public employee retirement system took a hit this legislative session but not the full scale blow for which its managers had been bracing. The retirement system must wait six months for the state to begin handing over a nine-tenths of a percent increase ...

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State: Moody’s calculations wrong

Managers of Mississippi’s defined public employee pension plan say Moody’s made too broad a calculation in setting the plan’s unfunded liabilities and are want the ratings agency to refigure the assets-to-obligations ratio. Moody’s, which includes pension obligations in its overall rating of a state’s credit worthiness, awarded Mississippi an “Aa” rating last October with an outlook of “stable.” The “Aa” ...

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Bond ratings could take hit

Mississippi often ends up high on the list of states with pension fund obligations out of balance with the money coming in to meet the obligations. Is the state’s latest delay in funding an increased share about to accelerate an imbalance that hovers in the $10-billion range? Not according to Pat Robertson, director of the Public Retirement System. Double-digit investment ...

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Good idea or not?

See related Feb. 4 Business Blog post, ‘Haley Barbour and Khosla Ventures’ and Feb. 11 post, ‘WSJ: Learned from Khosla-backed energy startups that tanked.’ State leaders agree that affordable and reliable energy is essential for Mississippi’s future economic growth. Gov. Haley Barbour has said his energy policy is “more of it” and has aggressively promoted hefty incentive packages to a ...

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Reeves receives award from NAST

State Treasurer Tate Reeves has earned the Jesse M. Unruh Award, which recognizes his outstanding service to the association, the profession and to his state. Reeves received the award at the National Association of State Treasurers (NAST) annual conference in Williamsburg, Va. Jesse M. Unruh was a founding member of NAST and a former California treasurer who was a model ...

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