PERS

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

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PERS board

PERS — Retirees vs. Workers?

by BPF Published December 30, 2020 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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PERS Investment

PERS Investment Manager Fees Part 1

Like most pension funds, the PERS plan pays a fee to investment managers to help the plan realize maximum earnings potential.  Since 2009, PERS has paid more than $647 million in fees to outside money managers. Comparing PERS of Mississippi with three of its neighbors, the amount paid to the plan’s money managers has been on the increase over the decade.

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MS PERS

Report of Recommended Changes to Economic Assumptions for PERS

Every two years, the actuaries for Mississippi’s defined benefit pension system release a report that examines the economic and demographic outlooks that underpin the financial planning. The newest one was released last month and the actuaries make some interesting recommendations for the Public Employees’ Retirement System (PERS).

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PERS AG Opinion

PERS Regulation Change on AG’s Opinion

Imagine being able to vote yourself better retirement benefits while you’re a beneficiary of a retirement plan. That’s the scenario in Mississippi if the Public Employees’ Retirement System of Mississippi follows an opinion from the office of Attorney General Jim Hood and changes its present regulation. This would allow legislators and other statewide officials who are also PERS retirees to keep collecting their benefits while in office.

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PERS Annual Report

PERS of Mississippi 2018 Annual Financial Report

Mississippi’s pension system for state, county and municipal employees is slowly gaining fiscal ground, but it’s not fast enough to keep up with the coming demographic landslide of retirements.

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PERS COLA

PERS COLA WAR

When people normally think of a COLA, they think of a refreshing, bubbly and sweet beverage that goes great with a hamburger and fries. But in the world of public pensions, COLA is only sweet for the retiree.  The overly generous and unsustainable COLA (cost of living adjustment) is one of the key factors on why the Public Employees’ Retirement System or PERS continues to struggle financially.

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MRPEA

MRPEA – Mississippi Retired Public Employees’ Association Opposes Changes to PERS Despite Struggling Fund

The Mississippi Retired Public Employees’ Association has made its position clear in regard to the state’s defined benefit pension system that serves most state and local employees. The pension system is not to be touched.

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