BPF researches and shares educational information encouraging Mississippi’s Economic Freedom while discouraging Crony Capitalism to increase Mississippi’s Economic Growth. BPF focuses on Education, Energy, Environment, Health Care, Federal Government & Agencies, Mississippi State Government & Agencies and Regulatory Abuses & Reforms.
Recent Commentary
BPF Motion for Leave To File Supplemental Testimony of Erik Randolph
A BPF View – Drainage and Flash Flooding
Southern Company Earnings Take a Hit
A Special Session to Address Infrastructure
Will the PSC Implement an Integrated Resource Planning Process (IRP) for Electric Utilities?
BPF Book Review – It Worked for Me: In Life and Leadership
The financial challenges facing Mississippi's Public Employees Retirement System (PERS) are very big and a serious threat to the state's long-term financial health.
The $17 billion unfunded liability deserves the front page recognition it received in Monday's Clarion Ledger. The pull quote by Speaker Philip Gunn is right on target, "When we talk about employer contributions, I don't think it needs to be forgotten that...the employer is the taxpayer."
At the end of the day, it is the taxpayer that is on the hook for that $17 billion liability, but alas the taxpayer has little, if any, representation on the PERS Board of Trustees.
This is a fatal flaw in the PERS structure and must be addressed to avoid future failure.
Analysis: Public retirement plan pressure won't end soon
clarionledger.com
Mississippi: Budget for higher pension contributions