WhatFinger


Mississippi pension fund heads for final ‘Jeopardy’


By Steve Wilson | Mississippi Watchdog——--July 21, 2014

American Politics, News | CFP Comments | Reader Friendly | Subscribe | Email Us


We’ll take pension reform for a thousand.

Support Canada Free Press


Make no mistake, Mississippi is playing “Jeopardy” with its public employee retirement fund. Failing to take steps toward reform might prove disastrous for retirees who depend on their benefits from the Public Employees’ Retirement System and the state’s budget. Mississippi, it’s becoming apparent, is making promises about its pension fund it surely can’t keep, according to a new study by the Competitive Enterprise Institute, Let’s make it a true “Double Jeopardy, Alex.” The state’s unfunded liability with PERS as a percentage of the state’s gross domestic product was third worst behind New Mexico and Illinois, according to the study by Robert Sarvis. The state’s unfunded liability is more than $15 billion, the state’s most recent report — in 2013 — says. That’s an increase of more than 50 percent since 2007, when the state’s unfunded liability was more than $7 billion. More...


View Comments

Watchdog.org Steve Wilson | Mississippi Watchdog -- Bio and Archives

Watchdog.org is a collection of independent journalists covering state-specific and local government activity.

Our established investigative journalists and capitol news reporters across the country are doing what legacy journalism outlets prove unable to do: share information, dive deep into investigations, and provide the fourth estate that has begun to fade in recent decades.


Sponsored