Thursday, February 9, 2023

Mississippi lawmakers ponder stripping state retirement system authority after board votes to raise rates

Mississippi lawmakers ponder stripping state retirement system authority after board votes to raise rates

After Public Employees Retirement System Board of Trustees voted to require an additional $345 million annually from state and local governmental entities to fund the pension plan for their current and former employees, lawmakers are considering changes to the system's authority. Ron Higgins, PERS executive director, said the increase is needed to ensure…


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