PERS seeks nominations for retiree representative

The Public Employees’ Retirement System of Mississippi Board of Trustees is seeking candidate nominations for one of its two retiree representatives. The term for this position will begin July 1, 2019, and run through June 30, 2025. Candidates must be retired members receiving a retirement allowance from PERS. Deadline for nominations is 5 p.m., February 4, 2019.

Retired state employees should be able to keep their pension and serve in Miss. Legislature, AG says

Article from the Clarion-Ledger by Jerry Mitchell

“Retired state employees have long forfeited their pensions if they served in the Mississippi Legislature.

Now a new attorney general’s opinion could clear the way for state retirees, including troopers, teachers, school superintendents and health officers, to serve in the Legislature without losing those pensions.

Read more here.

2018 COLA Payments

While December cost-of-living adjustment (COLA) payments are annually paid December 15, we wanted to point out that December 15 falls on a Saturday this year so direct deposit payments will be made Monday, December 17, instead. For retirees receiving check payments, the December COLA check will be mailed December 14.

For more information and resources, please visit the Retiree Resources page of the PERS website.

 

MRPEA publishes Winter 2018 issue of The Guardian

 

2018 Winter Guardian_draft 4_FINAL_Website_page 1

The Mississippi Retired Public Employees’ Association (MRPEA) has published its Winter 2018 Issue of The Guardian.

Catch up on current MRPEA-related news and events – as well as news related to the Public Employees’ Retirement System of Mississippi (PERS) – in this issue of The Guardian.

 

 

 

 

Selected NASRA Clip

Thought the following clip from the National Association of State Retirement Association would be interesting.  (See below and click on Link.)

Newly Elected Kentucky Governor Will Propose 401K Plan to Replace Pension for State Workers:
Gov.-elect Matt Bevin said Friday he hopes to present to state lawmakers in the upcoming legislative session a plan to implement a 401(k)-style retirement plan for new state government employees. Bevin … called the state’s public retirement systems the “most critical” challenge his administration faces. The Republican businessman from Louisville takes office Dec. 8.

NASRA News Clip – Monitoring Private Equity Fees & Services in Ohio

Ohio SERS is taking extra measures to monitor private equity fees and performance

The $12.82 billion pension system is among a small-but growing-group of investors that have examined their private equity fee and expense statements more closely as a result of heavier industry scrutiny by the Securities and Exchange Commission in recent years. Once seen as an esoteric topic of conversation, private equity fees are coming into the spotlight as investors from the California Public Employees’ Retirement System to the Los Angeles County Employees Retirement Association seek more transparency on the costs they bear from private equity firms they back.