According to data from the Public Employees’ Retirement System of Mississippi, the annual cost of living adjustment (COLA) given to retirees, often in a year-ending lump sum known as the “13th check,” is threatening to hollow out the pension fund’s finances.
PERS and the state’s budgetary issues are two main reasons for the downgrade.
The Public Employees’ Retirement System of Mississippi is in serious jeopardy, as the number of retirees increase and the unfunded liabilities continue to grow.
NY appeals court decision details suit alleging kickback scheme involving Jim Hood’s outside counsel
On February 29, an article in Forbes came out with an article detailing a US 2nd District Court opinion that involved Mississippi litigation outsourced by Jim Hood that involved a lawsuit involving an alleged kickback scheme.
A briefing on Mississippi’s economy given by the state economist and treasurer to leaders of the legislature on Wednesday reveal a stagnant economy and a growing debt.