Article Comment 

State Senate OKs public employees' pension change

 

The Associated Press

 

JACKSON -- Mississippi senators have approved the final version of a bill requiring public employees to pay more toward their own retirement. 

 

 

 

The bill passed 28-16 Friday and goes to Republican Gov. Haley Barbour, who''s expected to sign it into law because he requested it. 

 

 

 

For two years starting July 1, educators and employees of state and local governments would have to put 9 percent of their pay into the Mississippi Public Employees Retirement System. That''s up from the current 7.25 percent. 

 

 

 

Barbour says if workers don''t pay more into their own pension, more state tax dollars would be needed to keep the fund solvent. 

 

 

 

Opponents say some workers are struggling, and the pension change amounts to a pay cut.

 

 

 

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Reader Comments

Article Comment Leeroy commented at 4/23/2010 1:21:00 PM:

It is a paycut!!! I should be able to chose how much I pay into my retirement, not some old ba$tards with ED. I watched this on the webcast. Just listening to them, I dont see how some of you brain dead voters can justify putting them in office.

 

Article Comment turnkey turkey commented at 4/23/2010 1:57:00 PM:

I agree with you Leeroy. Barbour, I wish you'd do something positive. I think there is a fire in the Gulf that you could sit on. You ole turd.

 

Article Comment cornerpiece commented at 4/23/2010 2:23:00 PM:

Whine about taking stimulus money, try to opt out of healthcare reform, and then cut my pay. Love it. How many prisons will that extra 1.75 of my paycheck build, and how soon before we all get sent there because we had to steal in order to pay bills?

 

Article Comment state employee commented at 4/26/2010 3:01:00 PM:

problem is we have system abusers

people will sit in a job for 40 yrs and collect 87.5% of their paychecks.....that is why the system is burdened.

they should switch us to our own accounts....that way i don't have to support the retired man who stayed too long in a job when someone else could have used it

this will be a pay cut...which isn't a big deal to some people but to the state employee who doesn't make 75k+ it hurts in the month to month.

 

Article Comment state employee commented at 4/26/2010 3:03:00 PM:

or they should cap service at 25 yrs period....that way you are forced to work harder and it becomes compensation based not time based on how much you will make in retirement.

 

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