JACKSON, Miss. (AP) — A commission is recommending a three-year freeze on the 3 percent cost-of-living adjustments paid to Mississippi government retirees.
It's also asking lawmakers to consider a long-term change in the pension rules for new hires of state and local government, by adding a defined-contribution component to the Mississippi Public Employee RetirementSystem.
The recommendations are part of a report released Wednesday by a commission that Republican Gov. Haley Barbour appointed in August. The group is made up of business people, elected officials and financial experts, and Barbour asked them to find ways to strengthen the finances of PERS.
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