JACKSON, Miss. (AP) — State government will be asked to put $44 million more into the Mississippi retirement system next year to shore up the program for an estimated 30 years, the system director has told lawmakers.
Pat Robertson, executive director of the Public Employees Retirement System, met Tuesday with the Joint Legislative Budget Committee. She told the committee that public schools and cities and counties would also be expected to contribute more to the system. Dollar figures were not available.
Robertson said she expects the PERS board to implement a new employer contribution rate of 15.75 percent in October. That would be up from 12.93 percent paid into the system by employers in fiscal 2011.
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