SuperTalk FM

Analysis: PERS is the elephant in the room

Published

1 year ago

November 8, 2023

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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SuperTalk FM

Jackson airport expecting another record Thanksgiving for travelers

Published

2 hours ago

November 22, 2024

Staff Editor

www.supertalk.fm – J.T. Mitchell – 2024-11-22 16:41:00

SUMMARY: As Thanksgiving approaches, Jackson-Medgar Wiley Evers International Airport (JAN) in Mississippi anticipates its busiest holiday season in years, with peak travel expected from November 26 to December 2. During Thanksgiving 2023, nearly 27,000 passengers flew through JAN. The Jackson Municipal Airport Authority (JMAA) urges travelers to arrive two hours early for parking and security. A new Dunkin’ Donuts has been added to the airport’s dining options, which now includes four other food and drink venues. JMAA CEO Rosa Beckett emphasized their commitment to ensuring a seamless travel experience. Nationwide, 5.84 million travelers are expected to fly during this period.

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SuperTalk FM

Pearl police officer fired following accusations of theft

Published

2 hours ago

November 22, 2024

Staff Editor

www.supertalk.fm – Caleb Salers – 2024-11-22 16:28:00

SUMMARY: A Pearl police officer has been fired and is accused of stealing money, although no criminal charges have been filed. Chief Nick McLendon reported that the Mississippi Bureau of Investigation is looking into the allegations, which surfaced on Monday. The officer was placed on administrative leave while McLendon sought termination approval from the city’s Board of Aldermen, which was granted. McLendon emphasized the importance of transparency and accountability in law enforcement, stating that the officer should be presumed innocent until proven guilty while the investigation continues.

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SuperTalk FM

Jackson councilman calls for mayor to take leave of absence amid corruption investigation

Published

4 hours ago

November 22, 2024

Staff Editor

www.supertalk.fm – Ben Milam – 2024-11-22 14:01:00

SUMMARY: Amid a bribery investigation in Jackson, Mississippi, Councilman Kenneth Stokes is urging Mayor Chokwe Antar Lumumba to take a leave of absence and consider a plea deal after pleading not guilty to federal corruption charges. Stokes argues that the investigation, which has already led to indictments of four officials, is hindering city progress and eroding public trust. With a trial set for January 2025, Stokes believes Lumumba should prioritize his family’s well-being and cut a deal. The situation has strained relationships in the city, leading residents to relocate and prompting concerns about potential state intervention due to distrust in city leadership.

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