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PERS-Mississippi committee reviews MDC, ORP performance and approves policy updates
Summary
The defined contribution committee reviewed the Mississippi Deferred Compensation (MDC) and Optional Retirement Plan (ORP), heard a market-driven performance update, and approved minor edits to the MDC and ORP policy statements by voice vote. Empower and Callan presentations provided context on asset allocation and participant outcomes.
The Public Employees Retirement System of Mississippi's defined contribution committee met in Jackson on Oct. 26 to review performance of the state’s deferred compensation and optional retirement plans and to approve staff-recommended updates to the policies governing those plans. The committee approved the changes by voice vote.
Callan, presenting the quarter-to-June-30 results for the MDC, said U.S. equity strength drove much of the plan's gains, with domestic equity accounting for the largest share of assets and a stable-value option…
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