Lawmaker Considers Changes in Retirement System

By: The Associated Press
By: The Associated Press

Mississippi's Public Employee Retirement System is sound, and House Appropriations Committee Chairman Johnny Stringer says he wants to keep it that way.

Stringer, D-Montrose, is proposing to change the way state agencies handle retirees who return to their jobs as part-time or contract workers. Currently, neither the employee or agency pays into the system.

Stringer wants to require agencies to pay an employee contribution for those kind of workers. He says those workers are taking jobs that could be filled with regular state employees, who would automatically contribute to the system.

Stringer also says the additional payment will help offset stock market losses that impact the retirement fund.

His comments came Tuesday after PERS executive director Pat Robertson briefed lawmakers.

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