PERS

The Public Employees’ Retirement System of Mississippi is a ticking fiscal time bomb.

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PERS' Lessons from MRS

PERS’ Lessons from the Municipal Retirement Systems

Thirty five years after it was closed, MRS still covers 1,510 retirees in 19 cities.

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Tie PERS To CPI

Tie PERS’ COLA to the Rate of Inflation

For decades, the COLA automatically increased as the U.S. dealt with historically low inflation. The solution for the Board of Trustees is simple: Tie PERS’ COLA to the rate of inflation as measured by the CPI.

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PERS Rate of Return Lowered

PERS Board Votes To Lower Expected Rate of Return

The board of trustees for the state’s Public Employees’ Retirement System (PERS) made an important, if unheralded, move recently when it voted unanimously to use a somewhat more realistic projection of its rate of return on investments. This matters because an overly optimistic projection can mask a coming decrease in the solvency of the fund, which is already severely under-capitalized.

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PERS Grand Bargain

Opportune Time for PERS and the Legislature To Strike a Grand Bargain

Mississippi’s defined benefit pension system had a banner year for its investments in fiscal 2021 and the financial breathing room could be a springboard for real reform that ensures its long-term viability.

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PERS PEER Report

PERS of Mississippi in for Tough Decisions According to Latest PEER Report

The Mississippi Joint Legislative Committee on Performance Evaluation and Expenditure Review issues an annual report on the state’s defined benefit pension system. Normally, the PEER report tends to be moderate in its analysis of PERS, but this one released on May 11 admits that demographics, lower than expected wage inflation by contributing members and lower than expected investment returns are combining to scuttle the plan’s bottom line.

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PERS board

PERS — Retirees vs. Workers?

The time for can-kicking is past when it comes to fixing Mississippi’s defined benefit pension system. The Public Employees’ Retirement System of Mississippi could soon ask taxpayers to increase their contribution to the pensions of state and local employees for the second time in two years. 

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