Pension fund cut opposed

After years of market losses, a majority of the state’s pension board said they will not support skipping a taxpayer-funded increase next year to bolster the retirement system.

Gov. Haley Barbour suggested that course, and the state Senate recently passed a bill to do just that.

The eight of 10 board members who responded to The Clarion-Ledger’s inquiry all said they would oppose efforts to altogether forgo the funding increase that actuaries had suggested to keep the fund solvent.

Clarion Ledger
3/20/11