Welcome to PERS
The Public Employees’ Retirement System of Mississippi (PERS) proudly serves the state of Mississippi by providing retirement benefits for individuals working in state government, public schools, universities, community colleges, municipalities, counties, the Legislature, highway patrol, and other such public entities. These retirement benefits not only help recruit and retain a strong public workforce in Mississippi, they help stimulate local economies in every county in the state and help reduce the need for social assistance.
Cost-of-Living Adjustment notices may show change in lump sum COLA withholding
Cost-of-Living Adjustment (COLA) notices were recently mailed, and retirees who receive an annual lump sum COLA may notice that tax withholdings for this payment differ from last year.
The reason for the change is because PERS switched to a new pension administration software last year, which defaulted each member's COLA tax withholding to the same preference set for his or her monthly benefit distribution.
PERS sends COLA notices in late June/early July of each year to inform retirees of their December COLA amount and the amount to be withheld in taxes. Once an individual receives and reviews his or her notice, he or she has the option to make any necessary changes before the COLA is paid in December. Retirees who would like to adjust their lump sum COLA tax withholding preference should indicate the preferred change on the notice and return the notice to PERS by October 31.
Retirees who did not receive or no longer have their notice may contact PERS for a duplicate.
Click here to view an overview of the COLA notice.
PERS creates a GASB 68 resources section on its website
Changes to PERS service credit explained
The passing of House Bill 899 during 2016 Spring Mississippi Legislative session meant a change in how PERS awards service credit. To explain the change from quarterly to monthly awarding of service credit effective July 1, 2017, please read this message from PERS Executive Director Pat Robertson.
IHL Representative nominations sought
The PERS Board of Trustees is seeking candidate nominations for the Institutions of Higher Learning employee representative. This position is for a full term that will run from January 1, 2017, to December 31, 2022.
Deadline for nominations is 5 p.m., July 29, 2016.