After years of market losses, a majority of the state’s pension board said they will not support skipping a taxpayer-funded increase next year to bolster the retirement system.
Gov. Haley Barbour suggested that course, and the state Senate recently passed a bill to do just that.
The eight of 10 board members who responded to The Clarion-Ledger’s inquiry all said they would oppose efforts to altogether forgo the funding increase that actuaries had suggested to keep the fund solvent.
Clarion Ledger
3/20/11
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