Is Mississippi's retirement system in jeopardy? - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Is Mississippi's retirement system in jeopardy?

JONES COUNTY, MS (WDAM)-A series of recommendations made to the PERS commission have retirees worried. The report developed by the Mississippi Center for Public Policy included proposed changes to the benefits plan for current state and local government workers.

Faculty Staff Association President Bob Smith stated that if the government were to eliminate the 13th check, a lump sum of money retirees receive at the end of each year, it could be detrimental to public employees.  Smtih said, "what it would do, is us that can retire would go ahead as soon as possible, and leave a huge vacancy in more than one way....I'm very glad to say that I have not talked with a single legislator who is for this."

Governor Barbour has stated that the system is only funded at about 60 percent of where it should be. 

 

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