The Public Employees’ Retirement System of Mississippi (PERS) will mail ballots January 5, 2016, to eligible voters to elect a representative for public school and community/junior college employees for the six-year term that begins May 1, 2016. The incumbent, Corinth School District Superintendent Edward Lee Childress, is seeking reelection to this post.

Election to be held for public school and community/junior college PERS Board rep

The Public Employees’ Retirement System of Mississippi (PERS) has published its 2015 Comprehensive Annual Financial Report (CAFR).

PERS’ 2015 Comprehensive Annual Financial Report

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