New PERS Commission to hold public hearing Wednesday - - Jackson, MS

New PERS Commission to hold public hearing Wednesday

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JACKSON, MS (Mississippi News Now) -

Governor Barbour's new commission studying the Public Employees Retirement System will hold a public hearing Wednesday afternoon on potential changes to the system.

PERS is now guided by a 12 member commission, made up of business leaders, elected officials and financial experts.

The commission was put together by Governor Barbour in August to examine the financial, management and investment structures as well as determining the legality of modifying the system.

Governor Barbour says the retirement system is only funded at about 60 percent of where it should be and pays out more benefits than it's structurally set up for.

The commission will provide recommendations after their study is complete, which is expected by mid-November, to the governor.

Wednesday's public hearing is scheduled for 2:00 inside the state capitol.

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