An offer is now on the table to fund the Singing River Health System’s underfunded pension plan. News of the proposal was revealed Monday during the Jackson County Board of Supervisors meeting. Supervisors are not lending their support to the health system’s plan just yet.
Betty Phelps worked at the health system for more than 20 years. Now, she and many other retirees are fighting to keep the retirement checks coming after their former employer stopped contributing its portion to their pension in 2009. The fund is now underfunded by at least $150 million….
…At Monday’s supervisors meeting, the board revealed that health system officials had come up with a proposal to fund the troubled retirement plan. The reported offer, up to 90 percent. Phelps said she is not impressed.