The projection results for the Public Employees’ Retirement System of Mississippi (PERS) as of June 30, 2015, show that, with a fixed employer contribution rate of 15.75 percent of payroll and with an assumed annual rate of return of 7.75 percent, PERS will achieve a funding ratio of 80.6 percent in 2042. The funding policy target is 80.0 percent by 2042; therefore, PERS currently remains on target for meeting its funding goal.
Report on Thirty Year Projections of the Mississippi Retirement Systems Prepared as of June 30, 2015