PERS Crisis Update

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There has been some national news lately pertinent to the ongoing crisis with Mississippi’s public employees’ retirement system (PERS).
This Tax Foundation article contains a map showing funding levels for all states. It lists Mississippi’s funding level as 62%, which ranks 40th nationally. Kentucky is last with a funding level of 34%. You can read how Kentucky is addressing the problem here.
This Pension Plus post explains that PERS investment returns fell short of projections this year, further straining underfunded systems.
Meanwhile, the PERS crisis does not seem to be a campaign issue for candidates running for statewide office.
Mississippi will apparently wait until the next financial crisis blows up the system before making a serious run at addressing the crisis. Not good for people who like things like decent roads and bridges.

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