[{"_1":2,"_124":-5,"_125":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100,112],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6186480,"mediaKeyId","5074638-5e0b0b59af3b7a6db27f29934e66e8f5","parentId",5074638,"title","Trustees elect George Dale as PERS vice chair for FY26","audioSeconds",63,"startMs",711000,"endMs",774000,"viewUrl","/Search/View?dp=1&key=5074638-5e0b0b59af3b7a6db27f29934e66e8f5&start=711&end=774","thumbnailUrl","https://assets.pipeline.soar.com/5074638-5e0b0b59af3b7a6db27f29934e66e8f5/thumbnail_711000.jpg","articleUrl","/articles/6186480/Mississippi/Trustees-elect-George-Dale-as-PERS-vice-chair-for-FY26","mediaUrl","https://secure.pipeline.soar.com/6186480-da1e987a55bfff14a983c312e34c97c9/orig.mp4?Expires=1775003459&Signature=oefbUL1HTQAh7wifyQsqbb07NFbGAmMIixzbVUjOARB39w9Iswf9cFKmfyBBsuhLY6uD~sn04UQQuy2sBe8QHI5DYnPx8DaSUNB0jZTQk0rmrKRotM~DMNXBd2k36CoRe7TMyJRZJ0Bi-m1HuxLy9ufkZOVx7oWZtrhXSqA~EXd-9T2o5Afg3awXMCF9c6grbpj1XccXeCIMscpQJRBdJ23OXBHcfRLpdChfVCKpAeGe7IGIGI5S4274qVYkAv6fbXyUHjVafPhsQVF~QvWnMPE~i8P1LuSDLdcNj3fgzoU0k5zmSex9LaC2gGohN6vO1M-u3FthnTtfoPDyQnh8FA__&Key-Pair-Id=KUT5TJCACFTXG","author","MS Public Employees Retirement System","date","2025-06-25T18:17:56Z","article","The Public Employees Retirement System of Mississippi Board of Trustees elected George Dale as vice chair for fiscal year 2026 at the June 23, 2025 meeting.

The nominating committee—composed of the current chairman, vice chair and past chair—recommended George Dale for the vice chair position. The board moved, seconded and approved the recommendation by voice vote; the meeting transcript records the motion carried.

Why it matters: The vice chair presides in the chair’s absence and is part of the board’s leadership rotation. The nominating committee said the vice chair role will roll to chair after one year.

The transcript records expressions of goodwill from trustees following the election. No further governance changes were recorded at the meeting.","mediaType","Video","parentTitle","PERS Board of Trustees Meeting | June 25, 2025 | 1 p.m.","oneSentenceSummary","The PERS Board of Trustees voted to elect George Dale as vice chair for fiscal year 2026 following a recommendation from the nominating committee.","taxTitle","Public Employees Retirement System of Mississippi, Agencies, Organizations, Executive, Mississippi","taxId",30991,"location","Mississippi","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6186485,"PERS certifies FY2026 municipal cost-of-living adjustments; retiree payroll and disability appeal recommendation approved",127,475000,602000,"/Search/View?dp=1&key=5074638-5e0b0b59af3b7a6db27f29934e66e8f5&start=475&end=602","https://assets.pipeline.soar.com/5074638-5e0b0b59af3b7a6db27f29934e66e8f5/thumbnail_475000.jpg","/articles/6186485/Mississippi/PERS-certifies-FY2026-municipal-cost-of-living-adjustments-retiree-payroll-and-disability-appeal-recommendation-approved","https://secure.pipeline.soar.com/6186485-4d8df13bcd8bf9579981f2e5c4010751/orig.mp4?Expires=1775003459&Signature=CLpQ~nrYPxiWftpDWK0Zs8xEkjKz43x5V~Mg1oGyfeRlA570S8XOqy6KgATQlSOGYV4ut0sw4H8em93r8r7aL6hl16r4V1t~ZmYqkmScvGeawLj4PW8VXmDa1mOaKcEqKKS8rKByRU7M0Hu5urKUPLsyMcUtiEEKsebPA3YpICMxvtR2z21QlLkO9TqwU1fUXsLsYfTWacrH7eiO78LVZQTnqnJU8CSqmudsdqdPS3U22gvVDNcHlKrHuOGj458TlijBcPWlaAmlpjqrMOp5nnPOZD7kGIl0fkefuJeD7ZeyPHOshHtVpS3zY7XdJX1bxBTps70I5W~h6rEaea3Gkg__&Key-Pair-Id=KUT5TJCACFTXG","The Public Employees Retirement System of Mississippi Board of Trustees certified municipal cost-of-living adjustments for fiscal year 2026, approved a recommendation from the Disability Appeals Committee and accepted the standard retiree report at its June 23, 2025 meeting.

A staff presenter told trustees the municipal COLA certification details are behind tab I of the meeting materials and asked for approval and certification; the board voted to approve the staff report. The board also approved a recommendation from the Disability Appeals Committee concerning “Purge case number 20Five-zero3” as presented behind tab J.

Why it matters: COLA certifications affect municipal retirees’ benefit adjustments; disability-appeal decisions affect individual benefit determinations. Trustees also reviewed retiree payroll figures: staff reported the monthly payroll exceeded $200,000,000 and year-to-date payroll exceeded $3,400,000,000, and noted about 1,100 additions to the retiree rolls in June.

Staff said the COLA certification is a routine annual task and invited questions; trustees approved the certification on a voice vote. The Disability Appeals Committee recommendation was moved, seconded and approved by the board on a voice vote; the transcript records the committee’s recommendation but provides no further case details in the public portion of the meeting.

The retiree report was presented by staff (identified in the meeting as Mr. Higgins), who summarized payroll totals, year-to-date totals and the recent additions to the retiree rolls. Trustees approved the retiree report by voice vote.","Trustees certified municipal cost-of-living adjustments for fiscal year 2026, approved a Disability Appeals Committee recommendation, and received a retiree payroll report showing monthly payroll over $200 million and year-to-date payroll over $3.4 billion.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6186490,"Defined contribution committee updates ORP plan document to align with recent legislation",39,345000,384000,"/Search/View?dp=1&key=5074638-5e0b0b59af3b7a6db27f29934e66e8f5&start=345&end=384","https://assets.pipeline.soar.com/5074638-5e0b0b59af3b7a6db27f29934e66e8f5/thumbnail_345000.jpg","/articles/6186490/Mississippi/Defined-contribution-committee-updates-ORP-plan-document-to-align-with-recent-legislation","https://secure.pipeline.soar.com/6186490-add491e693a2af99993e3298d35141d0/orig.mp4?Expires=1775003459&Signature=GXgnrROolPMXVNjzw2bPU0bzu7wL1zsyRM1XsOB3q5DOR7GPZ99~KE7pT5OjFO38Wn~zcQDQf2PxGK27HeCvU1TJ~VDzpNEUmJ1Q63MLr47xo4p4eMr6oQXzorBNncdWVKEa5qeI7jJjRInx5CS-3Tvemrr8hm8HS9JtO8Se3iX-K88V~dXC476FMekD84gL4eOxc-2Z6c-3~MSV1ckcTOBqfbiuRA6lPg2MMRZe331IHJVRSEFG9~O4Xa2wGvE873BR-CoH6ErrRoYwg5G7ULUdV9lZ2hFxmpu8D34faDxc8t~6A9K8TqYQAkr4SdaqF28mJ1j7~wCZrQPeIev6vA__&Key-Pair-Id=KUT5TJCACFTXG","The Public Employees Retirement System of Mississippi’s Board of Trustees approved updates to the ORP plan document on June 23, 2025, following a recommendation from the Defined Contribution Committee.

Doctor Rutledge presented the committee report, noting the updates were routine and intended to bring the ORP plan document into alignment with legislation passed in the most recent legislative session. The committee moved the changes to the full board, a second was recorded, and the board approved the updates by voice vote.

Why it matters: Plan-document updates ensure the Optional Retirement Plan’s language conforms to statutory changes and reduce ambiguity for plan administrators and participants.

The transcript records Doctor Rutledge saying the updates were routine and in order to align the ORP with current legislation; trustees approved the motion and no further discussion was recorded.","The Board of Trustees approved updates to the Optional Retirement Plan (ORP) document recommended by the Defined Contribution Committee to align plan language with legislation from the most recent session.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6186495,"PERS private-equity allocation posts strong long-term returns; investment report approved",57,393000,450000,"/Search/View?dp=1&key=5074638-5e0b0b59af3b7a6db27f29934e66e8f5&start=393&end=450","https://assets.pipeline.soar.com/5074638-5e0b0b59af3b7a6db27f29934e66e8f5/thumbnail_393000.jpg","/articles/6186495/Mississippi/PERS-private-equity-allocation-posts-strong-long-term-returns-investment-report-approved","https://secure.pipeline.soar.com/6186495-96db5c77a571f9afe671e7ea172a687b/orig.mp4?Expires=1775003459&Signature=Jddhzgh4REDHsEjxq7RDPZxCVkR1hOtoRRaSZoK58Fs13h2BjhMVqfDYdWsc96RwH4-dy5Du8Fpk2WvwIVdIIlrKU7cPXuO05bmmVJBc3ZIlCM7TKEAJy4ndxg2VXDhaqSUhaLL4z-0xnEpeXfS7mgcEb~GzBhpWbca4OJtH6QuZ56QzwoLRL~-fWhlvthfCyDkR~9TH3F47vdYlo2yPO8fxkjfBsgzuMxe--1BRrHvV2Fz4onUH12r8RZOxHimUjkoLYAdakDdu57MdzdueHdG3Xdd5Hw2Wf5MoOWtLxJQu9yp6kyxrSjktcuCksv1xKixsBLDaJ3Qua~1dsZUQ2g__&Key-Pair-Id=KUT5TJCACFTXG","The Public Employees Retirement System of Mississippi’s Board of Trustees received an investment committee report on June 23, 2025, detailing private equity allocations and performance and approved the investment report and recent trades.

Doctor McCoy presented the investment committee’s report, saying that PERS originally allocated 5% of its assets to private equity in 2006 and raised that target to 10% in 2022. He reported that the private equity portfolio had posted a net rate of return of 15.11% since inception and that the program had distributed approximately $5,000,000,000 back to PERS.

Why it matters: Private equity returns and allocations affect long-term investment performance and the system’s funded status. The investment report and approval of trades ensure the board’s oversight of portfolio implementation.

In discussion the committee noted recent reporting by staff estimating fiscal year-to-date returns. The transcript records a staff remark—attributed to Wes Nielsen and reported by staff—that the estimated fiscal year-to-date return was “up over 9%” as of the prior day. The board then voted to approve the investment report and any trades and transactions since the last meeting; the motion carried on a voice vote with no recorded opposition in the transcript.

The investment committee reported no items requiring board action beyond the discussion of private equity performance, but the committee’s summary and staff estimates were provided to trustees for oversight and record.","The PERS investment committee reported a long-term net return of 15.11% for its private equity portfolio and said the program had returned about $5 billion to the system; the board approved the investment report and recent trades.",{"_33":113,"_35":36,"_37":38,"_39":114,"_41":115,"_43":116,"_45":117,"_47":118,"_49":119,"_51":120,"_53":121,"_55":56,"_57":58,"_59":122,"_61":62,"_63":64,"_65":123,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6186500,"PERS board approves FY27 administrative budget, adopts Regulation 60 setting 18.4% contribution rate",103,237000,340000,"/Search/View?dp=1&key=5074638-5e0b0b59af3b7a6db27f29934e66e8f5&start=237&end=340","https://assets.pipeline.soar.com/5074638-5e0b0b59af3b7a6db27f29934e66e8f5/thumbnail_237000.jpg","/articles/6186500/Mississippi/PERS-board-approves-FY27-administrative-budget-adopts-Regulation-60-setting-184-contribution-rate","https://secure.pipeline.soar.com/6186500-b37cd182d031d8ee6de22a6c59fcde8c/orig.mp4?Expires=1775003459&Signature=hLHCBSD-hsbK5d9VNvNlYy2OxhHwmHwqavGsCf84r5yZGs5~itW7tufuLOvcCsl4JK6zGPSLdZeW33-RviXCz8nlZACF2oA2b1zZAhysbwi2fnR~jOkZtYR1LrhaQ5EfjSjtFtlolA8fFnC~LX1B8UCYRpSXinYXKnrLnQeA3OFMIQqRkeUJSo8G2UuX9dl07xvxVeTu-fsImKG39zQ4h3GHGCGeZfJfyGoxlexNxOFTOA8S8cJVN0W548GOYN5~ZSql9nxZCGCv6QUtKXhOye1ICV1YWa58mMCGmdXML7v11Bcf2cJCQNI1u~~8o3HUbvs5EcaVxLqhoJWMqOFi5g__&Key-Pair-Id=KUT5TJCACFTXG","The Public Employees Retirement System of Mississippi Board of Trustees approved the fiscal year 2027 administrative budget, adopted Regulation 60 (setting the contribution rate at 18.4% of payroll effective July 1), accepted the actuarial experience study and recommendations, and adopted a board travel policy during its June 23, 2025 meeting.

The actions came during the Administrative Committee report presented to the full board by Mr. Benson, who said the committee had met that morning and placed the budget request and Regulation 60 before the board in the form of motions. The board voted in favor of each motion; no opposition was recorded in the meeting transcript.

Why it matters: Regulation 60 implements a contribution rate that affects active employee payroll deductions and employer contributions starting July 1, and the actuarial experience study informs assumptions used to value liabilities and set future contribution policy. The budget approval authorizes administrative spending plans for the coming fiscal year.

The board approved the FY2027 administrative budget after a motion from the Administrative Committee. The board also voted to adopt Regulation 60; the Administrative Committee described the regulation as following state statutes and setting the contribution rate at 18.4% of payroll beginning July 1. The board “adopted those recommendations and accepted the study” after the actuarial experience study was presented, and it adopted the board travel policy for fiscal year 2026 for routine board education travel.

The Administrative Committee report also recorded extended discussion about Tier 5 implementation and updates; the transcript shows the committee discussed Tier 5 but explicitly recorded “no action was taken” on that matter. The meeting record does not show the board directing staff to take additional steps on Tier 5 during this session.

The board’s motions were presented from committee and seconded; the transcript records the voice votes as “aye” with no recorded dissents. Specific vote tallies or roll-call votes were not provided in the meeting transcript.

The Administrative Committee report concluded with the committee chair indicating its business was finished and the board moved on to other agenda items.","The Public Employees Retirement System of Mississippi Board of Trustees approved the FY2027 administrative budget, adopted Regulation 60 to set the employee contribution rate at 18.4% effective July 1, accepted an actuarial experience study and adopted board travel policy; extended discussion on Tier 5 occurred but no action was taken.","actionData","errors"]

Article not found

Trustees elect George Dale as PERS vice chair for FY26

PERS certifies FY2026 municipal cost-of-living adjustments; retiree payroll and disability appeal recommendation approved

Defined contribution committee updates ORP plan document to align with recent legislation

PERS private-equity allocation posts strong long-term returns; investment report approved

PERS board approves FY27 administrative budget, adopts Regulation 60 setting 18.4% contribution rate