State retirement fund panelist: ‘No easy answers’

A group charged with studying the long-term viability of the state pension system is expected to release a formal report in two weeks.

During a meeting Monday, study commission chairman George Schloegel said he thinks several changes may be needed to shore up the Public Employees Retirement System.

“Nothing unpainful can make much of a difference right now,” he said. “There are no easy answers.”

Lawmakers alone can make changes, and it’s unclear whether they will make any radical alterations.

“I’m for the present plan we have,” said Rep. Preston Sullivan, a Democrat from Okolona who is a nonvoting member of the study commission. “That’s just me.”

Clarion Ledger
10/31/11