PERS Board of Trustees Special Called Meeting | February 5, 2025

Public Employees Retirement System of Mississippi · February 5, 2024

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2:18:11

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2:18:11

Call to order and technical checks

9:57 → 10:32(34s)

Chair called the special board meeting to order and confirmed livestream/phone connection; staff verified phone participants could call in for portions of the meeting.

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The Public Employees Retirement System of Mississippi held a special-called meeting to review alternate “tier 5” retirement proposals, including a pure defined-benefit plan with a guaranteed 1% COLA and a previously endorsed hybrid plan; the board also approved changing terminology from "unfunded actuarial accrued liability (UAAL)" to "net pension liability (NPL)" in materials and delegated implementation timing to staff.

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Transcript

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