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Analysis: PERS is the elephant in the room

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www.supertalk.fm – Gerard Gibert – 2023-11-08 15:39:49

SUMMARY: The Public Employees Retirement System (PERS) was established by the Mississippi Legislature in 1952 to provide benefits to the state’s public-sector workforce. It offers two categories of pension programs: defined benefit plans and defined contribution plans. PERS has faced challenges maintaining financial stability, with its funding policy coming under scrutiny for lacking long-term sustainability. The program’s health is measured using specific financial metrics, which have raised concerns about its future stability. To address financial woes, PERS could consider increasing revenue by improving returns on its investment portfolio or decreasing expenses. Additionally, it could explore the option of both increasing revenue and decreasing expenses. The board has already voted to increase the employer contribution rate.

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Boeing announces support of Delta State’s commercial aviation program

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www.supertalk.fm – J.T. Mitchell – 2025-04-03 16:59:00

SUMMARY: Boeing has become a financial supporter of Delta State University’s commercial aviation program, enhancing educational opportunities for students pursuing aviation careers. Delta State President Daniel J. Ennis expressed gratitude for the donation, emphasizing its role in providing essential resources for hands-on experience and technical expertise. The contribution, although undisclosed, will support advanced training technologies, student scholarships, and industry collaborations. Betsy Martin from Boeing highlighted the partnership as an investment in the future, aiming to develop a talent pipeline of skilled pilots and aviation professionals. Delta State’s program is the only one of its kind in Mississippi’s public university system.

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Gov. Tate Reeves working on plan to call special session after budget collapse

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www.supertalk.fm – J.T. Mitchell – 2025-04-03 16:03:00

SUMMARY: Mississippi lawmakers left the state capitol without approving a budget, leaving Republican Gov. Tate Reeves to potentially call a special session before funding runs out on June 30, 2025. Reeves held a press conference to reassure residents, asserting that state operations would continue normally without an imminent threat of shutdown. He emphasized that disagreements were procedural, not about the $7 billion budget content, and encouraged calm among residents and agencies uncertain about funding. Reeves may address additional legislation during a special session, including mobile sports betting and school choice, while seeking to maintain efficiency and minimize costs.

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Coastal Mississippi’s economic future is bright if we diversify

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www.supertalk.fm – Ricky Mathews – 2025-04-03 11:44:00

SUMMARY: Coastal Mississippi’s economy heavily relies on gaming, military bases, and government contracts, generating around $1.6 billion from casinos and substantial employment. Ingalls Shipbuilding and Stennis Space Center contribute significantly as well. However, dependence on these sectors poses vulnerability, especially with competition from online betting and emerging markets. To secure long-term growth, the region needs to diversify beyond gaming and embrace manufacturing, particularly in high-tech sectors. A collaborative development strategy could promote Coastal Mississippi as a hub for technology and logistics. Long-term planning and investment in workforce training are essential for sustainable economic resilience and future prosperity.

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