SUMMARY: Mississippi towns and cities are relieved after lawmakers reached a deal in the final days of the Legislative Session to address the Public Employees' Retirement System (PERS). The bill, awaiting Governor Tate Reeves' signature, removes power from the PERS Board and requires any employer contribution increase to be recommended to the Legislature. The bill also stops an immediate 5% employer contribution increase, instead implementing a gradual half a percentage point increase over five years. Hattiesburg Mayor Toby Barker, president of the Mississippi Municipal League, sees this as the first step in an ongoing issue, with $110 million allocated to PERS by the Legislature.

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