GORDON HAMLIN As the chart at bottom indicates, the Mississippi PERS has been chronically underfunded for years and has lagged other state plans. For FY 2014, the funded ratio improved slightly to 61percent, but it’s only going to get worse. The Plan has an unfunded actuarial cost of $14.445 billion, or $4,825 for every man, woman and child in the State; only five other states have higher liabilities per person.
Stories Related to Gordon Hamlin: What’s Wrong With Pers?
Daily Journal, Northeast Mississippi Daily Journal
Sun, 07/05/2015 - 12:49am
Sections: u.s.
Topics: Mississippi Lee County Tupelo
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