Jackson County supervisors find no theft or embezzlement from pension trust

Jackson County leaders said Tuesday they haven’t found theft or embezzlement in their investigation of the Singing River Health System’s failing pension plan.

According to a Tuesday-evening press release from the Jackson County Board of Supervisors, through its attorney Billy Guice, county leaders are trying to find a solution to SRHS’ pension failure without a tax increase.

Also, according to the release, SRHS stopped making payments to the pension plan even though the plan required the county-owned hospital system to make them; the downturn in the trust assets in 2008 was tied to the economy’s downturn; and there’s no evidence SRHS senior officials withdrew their pension-plan contributions in anticipation of its failure.

SunHerald

6/2/15