PERS board approves $20.97 million 2026 budget, certifies elections and adopts Regulation 34

The Public Employees Retirement System of Mississippi Board of Trustees approved the system's 2026 budget request of $20,968,462 and carried a series of procedural election and regulatory actions at its Aug. 28, 2024 meeting.

Mr. Benson, reporting for the Administrative Committee, said the committee met and recommended final approval of the 2026 PERS budget and moved the matter "in the form of a motion for final adoption." The motion was seconded and approved by voice vote; the chair announced, "Motion carries."

The board also certified the runoff ballot for the vacant state representative position, naming Terrence Sharper and Alan Cooper as the two candidates for the runoff, and approved the committee's certification by voice vote. The committee certified the regular election in which Mr. Breeland ran unopposed and announced Breeland as the newly elected state employee representative; the board approved that certification.

On regulatory matters, Benson reported the committee considered Regulation 34, described as the final regulation on "reemployment after retirement for teachers" and based on legislation passed in the most recent session. Benson moved for final adoption of Regulation 34; the motion was seconded and approved by voice vote.

No roll-call votes or individual tallies were recorded in the transcript for these items; approvals were handled by voice vote, with the board indicating unanimous assent in each instance. The board completed these administrative items before proceeding to committee reports and other business.