Retirement incomes for public employees are a state secret in Mississippi, including extra pay that now consumes 25 percent of the annual retirement payroll.
Before he left office, Gov. Haley Barbour appointed a study commission to review the Public Employees’ Retirement System’s prospects for long-term solvency. The commission had some serious reservations about the extra pay retirees receive in a “13th check,” so named because most retirees elect to receive the money in a lump sum.
The commission wanted specific amounts for the 13th check, but commission chairman George Schloegel said PERS never supplied the figures.