The Public Employees’ Retirement System of Mississippi (PERS) has posted its 2016 Actuarial Valuation Reports for its defined benefit plans under the Financial Overview section on its website. As expected, the annual actuarial valuation for PERS shows a slight decrease in its funded status on an actuarial basis from 60.40 percent as of June 30, 2015, to 60.00 percent as of June 30, 2016. The primary factor contributing to this decrease in the funded status was an investment return for the year (1.15 percent) that was below the assumed rate of 7.75 percent.
Projection reports should be available and posted to the Financial Overview section of the PERS website in late December. The projection report for PERS will show whether PERS remains on target for meeting its goal of being at least 80 percent funded by 2042.