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