PERS continues to slip

The Mississippi Public Employees Retirement System continues to spin its wheels in the mud as the latest actuarial report states that the program is only 60% funded.* The Board of Trustees received the news at the presentation of the annual report at the October board meeting. The actual report and video of the presentation are posted below. The nutshell version of the report is that the numbers that should be getting smaller are getting larger while the numbers that should be getting larger are getting smaller. In other words, PERS is going in the wrong direction.

Jackson Jambalaya
12/1/16