PERS commission meets over retirement system
Jackson –
The fate of the state’s Public Employees Retirement System, known as PERS, is now being guided by a 12 member commission, made up of business leaders, elected officials and financial experts led by Gulfport Mayor George Schloegel.
“No decision will be made by the group only recommendations, if there are any, after we’ve completed our study,” said Schloegel.
The commission was put together by Governor Haley Barbour back in August to examine the financial, management and investment structures as well as determining the legality of modifying the system. All in an effort to dodge a potential problem in the long run.
“In the short, term there’s no issue, the question is as we get out years and years from now,” said Barbour.
WLBT
9/7/11
Magnolia Tribune
