Pressure rises on Mississippi public pension fund to seek more money

GRS Retirement Consulting made the recommendations last week, as part of its audit of the system’s regular actuaries.

The consultants advised the PERS board that the pension system’s assumptions about how much inflation would rise in the future were too high, advising the board to lower them. Doing so would in turn alter how much money PERS expects to earn on its investments in the future, meaning the $27 billion in assets that PERS has on hand today would be expected to grow less, increasing estimates of a future shortfall.

That in turn, would force the board to demand more money from state government and other agencies that fund the system, and could set off a debate about whether lawmakers and others should consider different options.

Clarion Ledger