CottonMouth upset about PERS study

During election season, the ready refrain of Governor Barbour and all Republican candidates when asked about the Public Employee Retirement System (“PERS”) was “We’re not going to touch your 13th check.” The Governor’s Study Commission apparently wasn’t listening.

In a report issued this afternoon, the PERS Study Commission called for a freeze on cost of living adjustment (“COLA”) payments. This would mean that current retirees would continue to receive 13th checks but without any inflation adjustment. For public employees contemplating retirement, acceptance of the Governor’s Commission recommendation would mean no 13th check for three years after retirement.