We are working to grow MRPEA so that we can better serve YOU, our member!
Welcome new members! Remember, there is strength in numbers. The power of affiliation gives each member and the group as a whole a recognized voice of leadership to protect and strengthen PERS in the legislature and statewide.
House Bill (HB) 531 would increase the sales tax that all Mississippians pay on most items by 20% raising the rate from 7% to 8.5%. The House plan would eliminate state income taxes for most taxpayers in 2023 and phase it out totally in future years. The state income tax accounts for 1/3 of general fund revenue at present. If you are at least 59 years old, half Mississippi does not impose income tax on your retirement income. This includes distributions from 401ks, IRAs, pensions, deferred compensation plans, and Social Security and applies to all Mississippi retirees (in both the private and public sectors). Because your retirement income is already exempt from state income tax, retirees living on a fixed income from these sources will receive no benefit from the elimination of the state income tax while paying 20% more sales tax on most items under HB 531.
The Senate has also filed a tax cut bill: SB 3164. Overall the Senate plan has a number of elements that could benefit PERS members and other retirees but does include a phase-out of the 4% state income tax bracket and up to a 5% one- time tax rebate in 2022 only for those who paid income taxes. Further erosion of the state income tax revenues is not in the best interest of PERS members. Tax rebates which can be implemented periodically based on available revenues represent a more prudent approach to managing the state’s finances. However, these rebates should be made to all Mississippians who filed a tax return, not just those who paid income tax. This would benefit all retirees including PERS members who pay substantial amounts in sales, local and other taxes each year.
Recommended Action
Oppose HB 531. Request amendment of SB 3164 by eliminating the proposed phase-out of the 4% income tax bracket and making the tax rebate in 2022 available to all Mississippians filing a tax return, not just those who paid income tax. Contact Speaker of the House, Phillip Gunn, Ways and Means Chairman, Trey Lamar, Lieutenant Governor, Delbert Hosemann, Senate Finance Chairman, Josh Harkins, and your local Representative and Senator at the Capitol Switchboard (601) 359-2220.
What the State Economist’s Office says
The State Economist’s Office has studied the House tax cut plan and determined that by 2032 it would result in a loss of population and a reduction in employment and personal income in Mississippi. By 2035 there would be a reduction in state gross domestic product. These findings have negative implications for current and future PERS retirees and for the state as a whole.
What state business leaders say
“The Mississippi tax environment was not high profile nor even discussed significantly as a priority,” said a report released by the Mississippi Economic Council at the state Capitol on Wednesday, based on dozens of meetings and hundreds of surveys of business leaders across the state last year.” “A businessman raised the topic (at one meeting) and dismissed it as a bad idea (a distraction issue, but not really a hindrance to most businesses).” State business leaders consider the lack of skilled workers, Mississippi’s image, and problems from the pandemic far more pressing issues.
DR. THOMAS (TOM) H. LOFTIN Dr. Thomas (Tom) H. Loftin died March 11, 2021, after a long battle with ALS. He was born on September 28, 1932. He started work in the fall of 1953 teaching chemistry at Myric High School in Jones County. In July 1954 he started working with the Mississippi Cooperative Extension Service as an assistant county agent and later associate county agent in Poplarville, MS. In June 1965 the family moved to Starkville, MS where Tom began working with the Mississippi Cooperative Extension’s Community Rural Development department at Mississippi State University. He retired as the state leader for the Department of Community Development in 1986. After retirement, he was a private consultant for ten years, served as secretary of the state Agriculture Economics Association, state vice-president then later state president of the National Association of Retired Federal Employees. He served as director of District 5 of the Mississippi Retired Public Employees’ and is a life member of the board.
DR. ALTON COBB Dr. Alton Cobb died peacefully at home surrounded by family on October 14, 2021. Dr. Cobb was born on October 19, 1928. He had a career Public Health that spanned 35 years. He first served as a county health director for Sunflower County, and then as the director of Chronic Disease Services for the MS Department of Health. Dr. Cobb was an active voice in conversations with Governor John Bell Williams about whether to bring Medicaid to MS. When that came to pass, Dr. Cobb became the first executive director of the MS Medicaid Commission. In 1973 he was appointed State Health Officer for the MS Department of Health, a position he held until 1992.
Once asked by [his wife] Mary what he would wish if granted one last wish, Dr. Cobb quipped “More affordable and accessible health care for all the people of Mississippi.” He was practical and principled and uninterested in material possessions and he spent his life working towards that end.
Thank you for being a member of the Mississippi Retired Public Employees’ Association. MRPEA is an organization that represents anyone associated with the Mississippi Public Employee Retirement System includes active employees and retired employees. Currently, there are 2,213 members of this association. That voice is strong when it comes to advocating for your continued and future benefits, but we need as many members as possible.
I would like to take this opportunity to challenge each of you to recruit one new member per month for the next 12 months. If less than half of our membership does this that would increase our membership by 12,000 next year. The upcoming Legislative Session will begin in January 2022. I would like to encourage each of you, your family, and others associated with PERS to reach out to your Legislator and let them know how important your benefits are to your well-being.
There have been many challenges as a result of the pandemic. In some ways, people have gotten very creative in communicating. It is my hope that our state can get back to some type of normalcy soon. If so, hopefully, we can have an in-person conference this coming year.
I would like to personally thank all of the Board members for donating time to serve in each capacity as we move forward. I believe there are some great ideas among all of us to make this organization great. I would also like to thank Emily Pote for her hard work and dedication to this organization. I would encourage each of you to reach out to her or myself with ideas you have of growing our membership or other important issues.
I pray each of you and your family has a happy and safe new year.
While we hope each of you are remaining vigilant in your avoidance of COVID-19 through social distancing and good personal hygiene, we want to make you aware of something else to watch for: emails that appear to come from the Public Employees’ Retirement System of Mississippi (PERS) but that might be from someone else.
Our Customer Service department has been made aware of emails sent to our members that appear to be associated with PERS and instruct recipients to click a link and get a retirement consultation. We know emails like these can be confusing to receive, so we want all of our employers, members, and retirees to remember the following tips for identifying emails from PERS.
Remember:
You may receive a general email, similar to this one, but PERS will only email you about personal and specific retirement account information when responding to an email you sent us directly.
Emails from PERS will always contain @pers.ms.gov in the address.
Watch for misspellings of our name, which is the Public Employees’ Retirement System of Mississippi (PERS).
Empower, the third-party administrator of the Mississippi Deferred Compensation (MDC) plan, and the vendors associated with Optional Retirement Plan (ORP) may occasionally send emails to PERS members. Empower email addresses will contain @empower-retirement.com. For ORP vendor information, visit www.orp.ms.gov.
Finally, when in doubt, call us. Do not click on a link or attachment from an email that looks questionable. Some emails you receive may be legitimate business offers. Others could be malicious. If you are concerned that we may be trying to reach you, please call us at 800-444-7377 or 601-359-3589. Our Customer Service staff continue to answer calls from 8 a.m. to 5 p.m. Monday through Friday, even though our building remains closed to the public.
Please, take care of yourselves and stay well. Remember, we are working with you in mind. Thank you.
When Mississippi Speaker of the House Philip Gunn resumes his leadership at the Legislature in 2020, he will also be serving as the new national chairman of the American Legislative Exchange Council, an organization that pushes corporate-friendly and anti-public-education legislation in state houses across the nation. The right-wing billionaire Koch family, an assortment of lobbyists, corporations and wealthy donors fund ALEC.
Gunn’s elevation in the group comes just days after The Center for Constitutional Rights, a progressive organization, released a report claiming that ALEC has pushed legislation that furthers white supremacy and corporate power in right-leaning states.
Read More Here: https://m.jacksonfreepress.com/news/2019/dec/06/mississippi-speaker-named-national-chair-koch-fund/
The Public Employees’ Retirement System of Mississippi Board of Trustees has certified results from the runoff election between incumbent Dr. Randy D. McCoy and Wayne T. Myrick to serve as one of two retiree representatives on the board. McCoy will continue serving on the board for the term beginning July 1, 2019, through June 30, 2025.
The Public Employees’ Retirement System of Mississippi Board of Trustees has mailed ballots for a runoff election between incumbent Dr. Randy D. McCoy and Wayne T. Myrick to serve as one of two retiree representatives on the board. Deadline to cast votes is 5 p.m., June 6, 2019.
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.