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Board approves disability appeals, receives retiree report noting $933M COLA line
Summary
Trustees approved three disability appeals cases and accepted the standard retiree report, which highlighted a lump‑sum cost‑of‑living adjustment line showing over $933 million.
The Public Employees Retirement System of Mississippi board approved three recommendations from its disability appeals committee and accepted the standard retiree report, which included a notable cost‑of‑living adjustment line.
A disability appeals committee representative presented recommendations for case numbers 25‑04, 25‑05 and 25‑08 and moved that the board accept the committee’s findings; the board approved by voice vote.
On the retiree report, the presenter highlighted a lump‑sum additional annual benefit (the cost‑of‑living adjustment) showing more than $933,000,000 on one page of the packet and noted that short‑duration investments help plan for that liability. The board approved the retiree report by voice vote; no further details about parity, timing or exact payout mechanics were provided in the transcript.
The motions passed by voice vote and the transcript records no dissenting remarks on these items.
