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...
View ArticleHood 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...
View ArticleLawmaker 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...
View ArticlePERS 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...
View ArticleCovered 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...
View ArticlePERS: 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...
View ArticleRating 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...
View ArticleRETIREMENT 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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