Appropriations Committee reports Senate Bill 2004 to direct $1 billion to PERS
The Appropriations Committee reported Senate Bill 2004, the "Mississippi PERS Stability Act," which would move $500 million from the capital expense fund on July 1, 2026, and authorize $50 million annually for 10 years (with a $1 billion fallback) to the state's Public Employees' Retirement System (PERS).
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The Appropriations Committee voted to report Senate Bill 2004, the "Mississippi PERS Stability Act," after the bill’s sponsor described transfers intended to reduce the retirement system’s unfunded liability.
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