A new report says that even if Mississippi’s public employee pension system was meeting investment assumptions, governments still aren’t putting away enough money to whittle down debt from previous pension underfunding.
The study, released last week by the Pew Charitable Trusts, raises questions about the long-term course of the Public Employees Retirement System, though the system has enough money to pay years’ worth of benefits even if governments and employees didn’t put in another penny.
“You’ve heard me say, and I still believe, we’re not in a crisis,” said outgoing PERS Executive Director Pat Robertson. “Are there concerns? Yes.”