Jackson County agrees to contribute $13.6 million to SRHS in hopes of aiding pension plan issue

Jackson County supervisors voted Monday to contribute $13.6 million in county funds to the struggling Singing River Health Sytem, but that money will not go directly to the underfunded employee pension plan.

Special counsel Billy Guice said the county money will go to support preventing the hospital system from bond default and for indigent care. He said Mississippi law prevents the county from contributing directly to the pension fund.

The agreement, which must still be ratified by the SRHS board of trustees, also calls for the appointment of a “turnaround firm” to oversee management of the health system, and the replacement of five members of the nine-member board of trustees.

Gulflive
12/22/15