Connect with us

Mississippi Today

PERS will ask Legislature for cash, consider changes to ’13th check’

Published

on

Mississippi Public Employee Retirement System leaders will ask the Legislature for a cash infusion during the 2024 session.

The board of trustees for the public pension plan is “seeking a cash infusion or direct appropriation from the Legislature,” PERS Executive Director Ray Higgins said in emailed response to questions from Mississippi Today.

The rare cash infusion request is one of a litany of proposals board members plan to offer to the Legislature in an attempt to ensure the financial viability of the public pension plan, which provides retirement benefits for most state and local government employees, including public school teachers.

Normally the Legislature does not provide direct appropriations to PERS. Instead, it is supported by governmental entities paying 17.4% of payroll for each employee. In addition, employees pay 9% of their payroll into the system, and the system also receives investment earnings.

In recent years, efforts have been made to improve the system’s financial viability that has been negatively impacted by multiple factors, including a decrease in the number of government employees. A reduction in the public sector workforce means less funds for the system.

PERS is providing or will provide benefits to about 325,000 members, including current employees, retirees and others who used to work in the public sector but no longer do.

It is not clear how much cash the PERS board might ask the Legislature to consider pumping into the program.

“Officially, yet to be decided,” Higgins said of the amount of money the board will request. “However, it could and likely will be a general request for funding and consideration of a new or dedicated (continuing on a yearly basis) revenue stream. It will also likely include a request for direct appropriations and/or funding for the estimated costs associated with the benefit increases from the late 90s and early 2000s.”

Higgins has said that money was never provided to pay for the enhanced benefits that were provided to PERS beneficiaries in the 1990s and 2000s.

The request would be made at a time the Legislature is flush with funds, thanks in large part to a major rush of federal money. The state had about $3 billion in reserves before the 2023 session and still has well over $1 billion.

According to a study by the Pew Charitable Trust, the Mississippi pension plan would need an additional $1.4 billion to reach its “net amortization benchmark,” which is the amount needed to prevent the plan’s unfunded liabilities from increasing. The system’s current funding ratio is about 61%, meaning it has the assets to pay the benefits of 61% of all the people in the system, ranging from the newest hires to those already retired. Of course, all of the people in the system will not retire at once. Theoretically, though, it is recommended that retirement systems have a funding ratio of 80% or more.

The system has $30 billion in assets and is underfunded by about $20 billion.

During an August meeting, the PERS board also voted to propose a new benefits structure for new hires. Details of what the new benefit structure would look like are still being contemplated, but it could include a new method of providing cost of living adjustments instead of the current system, where a 3% cost of living adjustment is guaranteed each year. The change to the COLA would be for new employees only.

Another recommendation could be a change to the payout method for the cost of living increase for future employees.

Under the current system, many people take the annual 3% cost of living increase as one lump sum payment at the end of the year, often referred to as “the 13th check.” The PERS board recommendation is to make the default choice for retirees to receive the cost of living increase divvied up as part of their monthly retirement checks. The employees would have to request specifically for the cost of living increase to be paid as a 13th check instead of monthly.

Changing the payout method from a lump sum to monthly for the annual cost of living increases would not result in less money for retirees, but it would give more flexibility to the system since it would not be taxed with paying the entire total at one time at the end of the year.

The board did vote to increase the employer contribution rate for each employee by 2% starting with the new fiscal year in July. This means the employer contribution rate would increase to 19.40% of payroll in July.

The board anticipates additional increases in the employer contribution rates in coming years with a possible projection of a rate of more than 27% of payroll.

“This potential future employer contribution rate will be updated in subsequent actuarial reports (typically presented each December) beginning with the next one for the state fiscal year ending June 30, 2023,” Higgins said.

The board has sole authority to increase the employer contribution rate, but it is up to the Legislature and local governmental entities to find the funds to pay for the increases or to cut other services to provide the funds.

It is estimated the total cost of the 2% increase to all governmental entities is $138 million per year.

The board was considering increasing the employer contribution rate earlier, but delayed the increase after an outcry by legislative leaders during the 2023 session. At that time, Higgins committed to providing the Legislature with recommendations from the board to help with the system’s long-term financial viability.

This article first appeared on Mississippi Today and is republished here under a Creative Commons license.

Mississippi Today

On this day in 1947, Jackie Robinson broke MLB color barrier

Published

on

On this day in 1947, Jackie Robinson broke MLB color barrier

mississippitoday.org – @MSTODAYnews – 2025-04-15 07:00:00

April 15, 1947

Jackie Robinson became the first Black baseball player in the Major Leagues when he joined the Brooklyn Dodgers.

Jackie Robinson broke through the color barrier in Major League Baseball, becoming the first Black player in the 20th century. 

Born in Cairo, Georgia, Robinson lettered in four sports at UCLA – football, basketball, baseball and track. After time in the military, he played for the Kansas City Monarchs in the Negro Leagues. After his success there, Dodgers general manager Branch Rickey signed Robinson, and the legendary baseball player started for Montreal, where he integrated the International League. 

In addition to his Hall of Fame career, he was active in the civil rights movement and became the first Black TV analyst in Major League Baseball and the first Black vice president of a major American corporation. 

In recognition of his achievements, Robinson was posthumously awarded the Presidential Medal of Freedom and the Congressional Gold Medal. 

Major League Baseball retired his number “42,” which became the title of the movie about his breakthrough. 

Ken Burns’ four-hour documentary reveals that Robinson did more than just break the color barrier — he became a leader for equal rights for all Americans.

This article first appeared on Mississippi Today and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Continue Reading

Mississippi Today

Mississippians highlight Black Maternal Health Week

Published

on

Mississippians highlight Black Maternal Health Week

mississippitoday.org – @MSTODAYnews – 2025-04-14 14:04:00

Advocates and health care leaders joined lawmakers Monday morning at the Capitol to recognize Black Maternal Health Week, which started Friday.

The group was highlighting the racial disparities that persist in the delivery room, with Black women three times more likely to die of a pregnancy-related cause than white women.   

“The bond between a mother and her baby is worth protecting,” said Cassandra Welchlin, executive director of the Mississippi Black Women’s Roundtable. 

Rep. Timaka James-Jones, D-Belzoni, spoke about her niece Harmony, who suffered from preeclampsia and died on the side of the road in 2021 along with her unborn baby, three miles from the closest hospital in Yazoo City. 

“It’s utterly important that stories are shared – but realize these are not just stories. This is real life,” she said.

The tragedy inspired James-Jones to become a lawmaker. She says she is working on gaining support to appropriate the funds needed to build a standalone emergency room in Belzoni. 

But it isn’t just emergency medical care that’s lacking for some mothers. Mental health conditions are a leading cause of pregnancy-related deaths, defined as deaths up to one year postpartum from associated causes. 

And more than 80% of pregnancy-related deaths are deemed preventable – making the issue ripe for policy change, advocates said. 

“About 20 years ago, I was almost a statistic,” said Lauren Jones, a mother who founded Mom.Me, a nonprofit seeking to normalize the struggles of motherhood through community support. “I contemplated taking my life, I severely suffered from postpartum depression … None of my physicians told me that the head is connected to the body while pregnant.”

With studies showing “mounting disparities” in women’s health across the United States – and Mississippi scoring among the worst overall – more action is needed to halt and reverse the inequities, those at the press conference said.

The Mississippi Legislature passed four bills related to maternal health between 2018 and 2023, according to a study by researchers at the University of Mississippi Medical Center.

“How many times are we going to have to come before committees like this to share the statistics before the statistics become a solution?” Jones asked.

A bill that would require health care providers to offer postpartum depression screenings to mothers is pending approval from the governor.

Rep. Zakiya Summers, D-Jackson, the organizer of the press conference, commended the Legislature for passing presumptive eligibility for pregnant women this year. The policy will allow women to receive health care covered by Medicaid as soon as they find out they are pregnant – even if their Medicaid application is still pending. It was spearheaded by Rep. Missy McGee, R-Hattiesburg. 

Summers also thanked Rep. Kevin Felsher, R-Biloxi, for pushing paid parental leave for state employees through the finish line this year. 

Speakers emphasized the importance of focusing Black Maternal Health Week not just on mitigating deaths but on celebrating one of life’s most vulnerable and meaningful events.

“Black Maternal Health Week is a celebration of life, since Black women don’t often get those opportunities to celebrate,” said Nakeitra Burse, executive director of Six Dimensions, a minority women-owned public health research agency. “We go into our labor and delivery and pregnancy with fear – of the unknown, fear of how we’ll be taken care of, and just overall uncertainty about the outcomes.”

This article first appeared on Mississippi Today and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Continue Reading

Mississippi Today

Trump to appoint two Northern District MS judges after Aycock takes senior status

Published

on

mississippitoday.org – @MSTODAYnews – 2025-04-14 11:01:00

Judge Sharion Aycock

President Donald Trump can now appoint two new judges to the federal bench in the Northern District of Mississippi. 

U.S. District Judge Sharion Aycock announced recently that she was taking senior status effective April 15. This means she will still hear cases as a judge but will have a reduced caseload. 

“I have been so fortunate during my entire legal career,” Aycock said in a statement. “As one of only a few women graduating in my law school class, I had the chance to break ground for the female practitioner.” 

A native of Itawamba County, Aycock graduated from Tremont High School and Mississippi State University. She received her law degree from Mississippi College, where she graduated second in her class. 

Throughout her legal career, she blazed many trails for women practicing law and female jurists.  She began her career as a judge when she was elected as a Mississippi Circuit Court judge in northeast Mississippi in 2002, the first woman ever elected to that judicial district. 

She held that position until President George W. Bush in 2007 appointed her to the federal bench. After the U.S. Senate unanimously confirmed her, she became the first woman confirmed to the federal judiciary in Mississippi. 

This makes Aycock the second judge to take senior status in four years. U.S. District Judge Michael Mills announced in 2021 that he was taking senior status, but the U.S. Senate still has not confirmed someone to replace him. 

President Joe Biden appointed state prosecutor Scott Colom to fill Mills’ vacancy in 2023. U.S. Sen. Roger Wicker approved Colom’s appointment, but U.S. Sen. Cindy Hyde-Smith blocked his confirmation through a practice known as “blue slips,” where senators can block the confirmation of judicial appointees in their home state. 

This means President Trump will now have the opportunity to appoint two federal judges to lifetime appointments to the Northern District. U.S. District Judge Debra Brown will soon be the only active federal judge serving in the district. Aycock, Mills, and U.S. District Judge Glen Davidson will all be senior-status judges. 

Federal district judges provide crucial work to the federal courts through presiding over major criminal and civil trials and applying rulings from the U.S. Supreme Court and the U.S. Court of Appeals in the local districts. 

This article first appeared on Mississippi Today and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Continue Reading

Trending