JACKSON, Miss. (WLBT) - The state’s public employees retirement system has a mounting debt. Lawmakers are still discussing potential solutions to pay it off.
The House Select Committee on PERS met Monday.
“Your everyday life is going to be touched by PERS members, such as a teacher, firefighter, police officer, or others in the community,” explained PERS Executive Director Ray Higgins.
He explained that while everyone is not part of the Public Employees Retirement System, all taxpayers need to pay attention.
“When it comes to the long-term sustainability of PERS, you either fund it, change it, or eventually you may risk it,” noted Higgins.
Lawmakers did make a change last year. Now, Higgins says the retirement system needs more funding. And the experts who’ve looked at the system agre