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PERS board approves administrative measures including 1% crediting rate, adopts regulatory updates
Summary
The Public Employees Retirement System of Mississippi approved several administrative items — certifying delinquent employer contributions, approving the state-employee representative ballot, setting the annual member-account crediting rate at 1%, and giving initial approval to Regulations 59 and 60 updating actuarial assumptions and contribution-rate language.
The Public Employees Retirement System of Mississippi board approved a set of administrative measures and initial regulatory changes during committee action Wednesday, including setting the member-account annual crediting rate at 1% and certifying delinquent employer contributions.
During the claims committee, staff requested certification of delinquent employer contributions (reference string: "$11118.0.19"). An unidentified board member moved to certify the delinquent…
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