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Mississippi faces a $26 billion PERS pension shortfall, prompting lawmakers to seek solutions before January’s session.
Mississippi lawmakers are addressing the Public Employees’ Retirement System’s (PERS) growing funding shortfall, currently at 56% funding with $26 billion in unfunded liabilities.
A House select committee, led by Rep. Randy Rushing, is exploring solutions including higher employee and employer contributions, new revenue sources like online gaming and black car tags, and potential separate retirement plans for first responders.
Consultants warn that without additional annual funding, the debt could remain around $10 billion over the next 20 years.
While current retirees’ benefits are secure, lawmakers aim to stabilize PERS for future generations before the legislature reconvenes in January.
Mississippi se enfrenta a un déficit de pensiones de $ 26 mil millones de PERS, lo que lleva a los legisladores a buscar soluciones antes de la sesión de enero.