How Much Money Would Each Mississippi Taxpayer Have to Cough-Up To Cover Share Of State Debt?

By Keith Plunkett | September 25th, 2017 at 10:42 am

BY: Keith Plunkett / Managing Editor

Keith Plunkett is the Policy and Communications Director for the United Conservatives Fund, and the Founder and Publisher of MississippiPEP.com.

Filed Under: Budget, Contributor, Ethics, Feature Stories, Keith Plunkett, Legislature, Mississippi PEP, MS State Government, Opinion, PERS, PERS, Politics, Principles of Freedom, SLRP, Spending, State Bonds

A 2015 rule enacted by the Governmental Accounting Standards Board (GASB) requiring state governments to report full pension liabilities on financial reports reveals Mississippi to be in debt to the tune of $8.6 billion. Did you think Mississippi state government is “required to balance the budget every year?” No doubt the politically in-tune public has […]

MSU Retiree’s Readying For Action Over PERS Legislation

By MississippI PEP Staff | September 12th, 2017 at 6:06 am

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Hob Bryan, Legislature, Mississippi, Mississippi State University, MS State Government, News, PERS, PERS, Retirement, Spending

Possible changes to the Public Employees Retirement System (PERS) will be the focus of an expert panel discussion at Tuesday’s meeting of the Association of Retired Faculty (ARF). The meeting will be held at 2 p.m. in the Hunter Henry Center on the Mississippi State University campus is free and open to the public. ARF […]

S&P Cite Unfunded Liability In Mississippi’s Pension System For Negative Outlook.

By MississippI PEP Staff | May 9th, 2017 at 6:52 pm

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Banking and Finance, Budget, Mississippi, MS State Government, PERS, PERS, Revenue, SLRP, Spending, State Bonds

Credit Rating Agency Warns State Officials That Rate Cut Could Be Coming If Pension Liabilities Not Corrected Getting better or getting worse? That’s the question Mississippi leaders are debating after the third major credit rating agency warned last week that it was concerned about weakness in state finances and the overall economy. For credit rater […]

Senate Approves Removing Salary Cap For PERS Director

By MississippI PEP Staff | March 3rd, 2017 at 5:48 am

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Budget, Ethics, Mississippi State Senate, MS State Government, News, PERS, PERS, Spending

After lengthy debate, the Senate passed a measure that would remove the salary cap for the director and chief investment officer positions at the Mississippi Public Employees Retirement System. The cap is currently $183,240, or 150 percent of the governor’s salary of $122,160. Current PERS Director Pat Robertson announced this week that she plans to […]

PLUNKETT: Which State Agencies Spent The Most Money And Gave More Pay Raises During 2016 Spending Spree? [Interactive Chart]

By Keith Plunkett | January 20th, 2017 at 8:45 am

BY: Keith Plunkett / Managing Editor

Keith Plunkett is the Policy and Communications Director for the United Conservatives Fund, and the Founder and Publisher of MississippiPEP.com.

Filed Under: Budget, Contributor, Economy, Ethics, Keith Plunkett, MDA, MDE, MDEQ, MDOC, MDOT, Medicaid, MEMA, Mississippi, Mississippi PEP, Mississippi Supreme Court, MS Attorney General, MS Bureau of Narcotics, MS Secretary of State, MS State Government, News, Opinion, PERS, Politics, Public Service Commission, Spending, Taxes, Treasurer

The Hattiesburg American published a report by Clarion Ledger Political Reporter Geoff Pender on Monday, January 16 that: “a report requested by lawmakers and making the rounds at the Capitol shows that 74 state agencies, for the first five months of this fiscal year, gave $12.4 million in raises to 3,396 employees. It shows that […]

State Retirement System Needs Good Year Of Returns To Catch Up To Funding Goals

By MississippI PEP Staff | December 19th, 2016 at 1:48 pm

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Banking and Finance, MS State Government, News, PERS, PERS, Retirement

It’s the first major test of a plan to stabilize PERS enacted in 2011. After years of changes, the plan locked in employers to paying 15.75 percent of payroll for pension contributions. PERS is supposed to use the vast majority of those contributions money to chip away at its unfunded liability — the difference between […]

Getting Started Late, PEER Committee Expected To Issue Only 4 Reports

By MississippI PEP Staff | December 2nd, 2016 at 6:50 am

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Charter Schools, Ethics, Legislature, MDOC, Medicaid, Mississippi State House, Mississippi State Senate, MS State Government, News, PERS, PERS, SLRP, Tate Reeves

The Joint Legislative Committee on Performance Evaluation and Expenditure Review, or PEER, is back up and running. Lt. Gov. Tate Reeves missed the normal appointment time in April, finally getting around to naming his seven appointments in late October. The legislative watchdog group was established nearly 50 years ago. The committee issued it’s first report […]

PLUNKETT: Adams County Supervisors Have an Outstanding Opportunity to Show That True Leaders “Eat Last”

By Keith Plunkett | September 4th, 2016 at 1:26 pm

BY: Keith Plunkett / Managing Editor

Keith Plunkett is the Policy and Communications Director for the United Conservatives Fund, and the Founder and Publisher of MississippiPEP.com.

Filed Under: Adams County, Contributor, County Government, Culture, Ethics, Keith Plunkett, Mississippi Municipalities, MS State Government, News, Opinion, PERS, PERS, Retirement

Adams County has surpassed $300 million in total assets thanks to its assessed value of oil and gas in production, meaning each of the five supervisors are now eligible for a $4,300 annual raise, which would increase their pay from $40,400 to $44,700 per year. Adams County Board Attorney Scott Slover told The Natchez Democrat earlier […]

WILSON: Mississippi’s pension system one of nation’s worst

By MississippI PEP Staff | November 14th, 2014 at 7:31 am

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Contributor, MS State Government, PERS, Retirement

BY: Steve Wilson | Watchdog.org A new report by nonprofit State Budget Solutions says Mississippi’s Public Employees’ Retirement System of Mississippi is carrying $56 billion in unfunded liabilities, worst in the nation — now at 53 percent of the gross state product in 2013. It covers only 27 percent of the state’s liabilities, which is […]

Crawford: PERS riskier investment strategy an “all-in” gamble.

By MississippI PEP Staff | April 9th, 2013 at 2:25 pm

BY: MississippI PEP Staff /

The MS PEP Staff consists of a number of volunteers across the state dedicated to sharing news and commentary important to conservatives.

Filed Under: Legislature, Mississippi, MS State Government, Opinion, PERS, Politics, Retirement

Given PERS’ challenges, it’s not too surprising that the Legislature and governor authorized new investment opportunities. What is surprising is their willingness to eliminate risk safeguards from the statute. With the exception of short-term corporate obligations, the only investment risk safeguard remaining in the statute is language telling PERS to act as “a prudent investor.” […]