Welcome to PERS

The Public Employees’ Retirement System of Mississippi (PERS) p​roudly 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.

Announcements

PERS issues RFP for banking services

The Public Employees’ Retirement System of Mississippi (PERS) is soliciting proposals from qualified organizations for Global Custody, Securities Lending, and Banking Services. Click here for more information.

A Message to PERS-Covered Employers

The PERS Board of Trustees voted Tuesday, August 22, 2023, to phase in a previously approved employer contribution rate increase by 2 percent each state fiscal year beginning July 1, 2024, and thereafter until the rate reaches the amount recommended by the actuary and approved by the Board. This means the current rate of 17.40 percent of payroll will only increase to 19.40 percent for the next state fiscal year.

Also, following the recommendation of the actuary and others, the Board voted to lower the assumed rate of return from 7.55 percent to 7 percent, effective with the valuation ending June 30, 2023. Based on recent actuarial projections and using 7 percent as the assumed rate of return, the ultimate employer contribution rate after full implementation is currently estimated to be 27.40 percent. This potential future employer contribution rate will be updated in subsequent actuarial reports (typically presented each December) beginning with the next one for the state fiscal year ending June 30, 2023.

As fiduciaries, we must act in the best interest of the membership and System. We appreciate the support of all PERS stakeholders and look forward to working with them in the future for the betterment of PERS.

Attention Retiree Applicants: PERS working diligently to process increased application volume

The Public Employees’ Retirement System of Mississippi (PERS) appreciates the patience of our retiree applicants as we work through the increased volume of applications common with our peak season.

All applicants can rest assured that their retirement date will be established based on the proper submission of their Form 9A SRVC, Pre-Application for Service Retirement Benefits, and that they will receive their entire retirement benefit (assuming they terminate employment as reflected on the form), even if their 9A is not processed by their requested retirement date. Should that be the case, all benefits due will be issued with the first available payroll after their retirement application is completely processed.

Retiring takes time and preparation for both the retiree applicant and for PERS. We are dedicated to not only processing each application in as timely a manner as possible but also working to make sure that the process is done correctly. Unfortunately, this process takes longer than usual during this season—when we experience an influx of applications driven largely by members’ desire to retire prior to the conclusion of the fiscal year (June 30). Further adding to this year’s peak season, retirement applications are up by nearly 40 percent so far compared to last year.

We are working diligently to process the increased volume of retirement applications as soon as possible, and we sincerely apologize for this inconvenience. We will be reviewing, modifying, and improving our procedures and communications for the future to better prepare for surges in applications, but processing these pending retirements is our current priority.

Should any retiree applicants have questions, please contact us at 800-444-7377, 601-359-3589, or at customerservice@pers.ms.gov. Thank you, again, for your understanding and patience.

Attention All PERS Members, Retirees, and Employers: Be aware of false press release

PERS has been made aware of a false press release being circulated regarding “suspension of retirements through December 2023.” This information is completely unfounded and untrue. PERS posts all official press releases on the agency’s official website here. Be sure to reference this site to verify any questionable information you may encounter.

PERS eUpdates

PERS eUpdates are brief e-mailed news alerts regarding legislative and/or administrative changes that affect the retirement plans administered by PERS. Below is a feed of the most recent eUpdates, as well as a subscribe button so you can receive these timely and helpful updates from PERS.

 

 

Subscribe to eUpdates

 

PERS FAQs

 

Guidelines for Guests

  1. Guests may conduct PERS business by telephone or online. Before coming to the building, please consider calling to see if your needs can be handled by telephone or videoconference. Our numbers are 800-444-7377 and 601-359-3589. Remember, too, that our website provides many helpful resources.
  2. Visits to PERS are by appointment only. Guests needing to discuss their accounts should call PERS to arrange a scheduled time to speak with a retirement counselor. If a teleconference or videoconference appointment is not preferred, guests will be scheduled for an appointment in person at PERS.
  3. Please limit the number of guests accompanying you. We understand that some individuals may require an additional person for physical assistance or to provide transportation. However, we ask that you limit the number of additional people who come with you to an appointment.

 PERS Focus Sessions and group seminars, as requested by employers, are being offered virtually and in person. Please watch the Retirement Education page of our website for the availability of these events.

Thank you.