Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PERS board certifies retiree representative, seeks funding in special session, approves Empower TPA and $900 million PGIM allocation
Summary
The Public Employees Retirement System of Mississippi Board of Trustees at its April 2025 meeting certified Dr. Randy McCoy as the retiree representative and approved several operational and investment actions, including a request to the governor to consider PERS funding in any special legislative session, approval of Empower as initial third‑party administrator for the hybrid DC side pending contract negotiations, and a $900,000,000 global equity allocation to PGIM Quantitative Solutions.
The Public Employees Retirement System of Mississippi Board of Trustees at its April 2025 meeting certified Dr. Randy McCoy as the retiree representative, approved a request to the governor to include PERS's additional recovery recurring funding needs in any upcoming special session call, approved Empower as the initial third‑party administrator and record keeper for the defined‑contribution side of the hybrid plan subject to successful contract negotiations, and approved PGIM Quantitative Solutions to manage $900,000,000 in global equities to replace Epic.
The board's action matters because it both formalizes trusteeship and directs near‑term legislative and operational steps affecting benefits administration and a large portion of plan assets. The request to the governor seeks to place PERS funding…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
