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The MRPEA Board receives copies of news clips from the National Association of State Retirement Administrators (NASRA). It has been recommended that some of the articles be shared with MRPEA from time to time. The article below reflects a situation taking place in AL that you may find interesting. Often the support and backing of legislation as described below comes from the companies that sell mutual funds or annuities. What is taking place in AL explains why we in Mississippi need to remain vigilant in watching our retirement dollars and PERS system. (See article below as taken from the NASRA News Clips.) Battle forming in Alabama between the retirement system and the legislature, with help from Pew |
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Earlier this year, the State Legislature formed a subcommittee to consider pension efforts that have occurred in other states. Backed by well-organized political advocacy groups, some of these changes have eliminated guaranteed contributions to future employees while reducing other states’ pension obligations. … “There will always be a fight with the pension fund over money,” Bronner said. “If you are sending me money and you can take the money and spend it on something that’s cooler, you’re going to fight over it.”
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