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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...

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Hood renders opinion on possible PERS changes

JACKSON — Attorney General Jim Hood has sent a letter to Pat Robertson, executive director of the Public Employees Retirement System (PERS), giving his opinion on possible changes and/or...

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Lawmaker considering subpoena of Schloegel

JACKSON — A top Mississippi lawmaker says budget writers deserve to hear directly from the leader of a governor’s commission that’s studying the Public Employees Retirement System. House Banking...

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PERS Study Commission cannot hit report deadline

JACKSON — The wait for the report from the Public Employees’ Retirement System (PERS) Study Commission will be longer than expected. The Governor’s Office announced the Nov. 15 deadline would be...

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Covered payroll rate stays same for the first time since 2005

The governing board of the Public Employees’ Retirement System of Mississippi (PERS) has settled on 15.75 percent as an employer contribution rate that will return the $20 billion retirement fund to...

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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...

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Rating agencies keeping a close eye on state’s pensions

Mississippi state government ended fiscal 2012 with the same solid credit ratings with which it started the year. Whether the Magnolia State maintains its strong credit in the years to come could hinge...

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RETIREMENT VERDICT — Study panel says report is prescription for sustaining...

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...

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