Bobby has a bachelor's in American Studies from the University of Southern Mississippi and has received multiple awards from the Mississippi Press Association, including the Bill Minor Best Investigative/In-depth Reporting and Best Commentary Column. Have a friend who might enjoy getting updates like this one? Our focus is recruiting and retaining those who are committed to serving the . Jan. 3 (Monday) February. #CalPERSCulture, Inspired by the City of Trees, Sacramento, the ent, Julian Bond inspires others through his leadership, Retirement Application Tips for Soon-To-Be Retirees. Federal Reserve Bank Holiday Policy: When holidays fall on Saturday, Federal Reserve Banks and branches will be open the preceding Friday. 263570 Current laws, rates, and factors are subject to change. . Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. December 1, 2022 (Thursday)December 15, 2022 (Thursday) COLAJanuary 3 (Tuesday)February 1 (Wednesday)March 1 (Wednesday)April 3 (Monday)May 1 (Monday)June 1 (Thursday)July 3 (Monday)August 1 (Tuesday)September 1 (Friday)October 2 (Monday)November 1 (Wednesday)December 1 (Friday)December 15 (Friday) COLA, December 14, 2022 (Wednesday) COLADecember 30, 2022 (Friday)January 31 (Tuesday)February 28 (Tuesday)March 31 (Friday)April 28 (Friday)May 31 (Wednesday)June 30 (Friday)July 31 (Monday)August 31 (Thursday)September 29 (Friday)October 31 (Tuesday)November 30 (Thursday)December 14 (Thursday) COLA. You can download a printable version of the calendar here . The PERS board voted in December to increase the employer contribution rate, which is paid by state governmental agencies, school districts, county and city governmental entities. If receiving your benefit by paper check, PSERS schedules your check to be mailed by the last business day of the month. At SERS, it's our job to make sure that the pension you've earned and the monthly payment option you've selected is calculated accurately and arrives on time - so you can do other things you want and need to do. If you choose lump sum but would rather receive your COLA monthly, you must complete and submitForm 20,Election of Monthly Cost-of-Living Adjustment. Investment earnings of nearly 33% during the past year allowed the governing board of the state's Public Employee Retirement System to vote not to increase the contribution rate paid by the state and local governmental . 2021 Benefit Payment Schedules Now Available For your reference, the Public Employees' Retirement System of Mississippi (PERS) has posted the dates for the 2021 Direct Deposit and Check Mailing schedules (see below). guide provides an overview of the stipulations for PERS retirees who plan to return to covered service. Higgins said during the past 10 years, the governmental workforce is down by about 10%, while the number of retirees has increased by more than 25%. Telephone Numbers: Duplicate 1099-Rs may be requested by calling PERS at 800-444-7377or 601-359-3589. Public Employees' RetirementSystem of Mississippi429 MississippiStreet, Jackson, MS39201-1005 800.444.7377 601.359.3589 601.359.5261, fax www.pers.ms.gov Direct Deposit Authorization Form 21 - Revised 05/2/2022. Retiree Medical Insurance PlanMyRetireeHealthPlan.com. A native of Laurel, Bobby joined our team June 2018 after working for the North Mississippi Daily Journal in Tupelo since 1984. The Public Employees Retirement System of Mississippi (PERS) proudly serves the state of Mississippi by providing retirement benefits for individuals working in state government, public schools, universities, community colleges, municipalities, counties, the Legislature, highway patrol, and other such public entities. If your bank account is compromised, contact MainePERS right away and we will do what we can to help protect your benefit. 2022 Benefit Payment Schedules Now Available, For your reference, the Public Employees' Retirement System of Mississippi (PERS) has posted the dates for the 2022 Direct Deposit and Check Mailing schedules (. PERS will continue to review the evolving public health guidance so that all staff and guests may feel comfortable while visiting PERS. Staff may followvarious guidelines and safety measures, and guests should consider certain guidelines and safety measures, as well. Thank you. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Example: Let's say you work 23 years and the average of your highest 60 months of income (AFC) is $5,400 per month. The Public Employees Retirement System of Mississippi (PERS) thanks each of you for your patience as we continue navigating through the coronavirus (COVID-19) pandemic. Fax: 517-284-4416, Office of Retirement Services Complete and return a Direct Deposit form to MainePERS to begin the process or to change the account to which your benefit is sent. The reduction in the employee to retiree ratio and other factors will at least lead to the PERS governing board considering increasing the employer contribution (paid by state, education entities and local governments) to the retirement plan, according to the report by the legislative committee. Direct deposits to your bank account will be on this date or later due to bank processing. Although the December 2022 monthly benefit is issued on January 1, 2023, the first business day of the month is January 3, 2023. If you need to update your address with your current address, please submit to PERS a completedPERS Form 1C,Change of Information. 01. 8:30 a.m. to 5:30 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 PERS eUpdates are brief e-mailednews alerts regarding legislative and/or administrative changes that affect the retirement plans administered by PERS. Public Employees' Retirement System - PERS Retirement Planning Living Information Access Public Employees' Retirement System of Mississippi Arrow Website http://www.pers.ms.gov/Content/Pages/Retirement-Plans.aspx Set at Popular Service Off 2022 ms.gov | All Rights Reserved Discover resources and opportunities in the Magnolia State. Since 2003, MainePERS has required direct deposit for all new benefit payments. The true cost of PERS to state taxpayers Over the 30-year period that ended June 30, 2016, mandatory employee contributions and earnings from investments covered 71 percent of the cost of the public retirement system in Mississippi. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday. We hope you find this information from PERS helpful; however, if you feel you have received this e-mail in error, please use the links below to either unsubscribe or update which e-mails you receive from PERS. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. You may request averificationofyourbenefitsby contacting PERS Customer Service. But outcry from retirees who represent about 10% of the states population has stymied those efforts. To enroll, call 877-863-1497. Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California. Look for the "Republish This Story" button underneath each story. Subscriptions serviced by Constant Contact. PERS sends COLA notices in late June/early July of each year to inform retirees of their December COLA amount and the amount to be withheld in taxes. by Bobby Harrison August 25, 2021. The Public Employees' Retirement System Plan 2 (PERS 2) is a traditional, defined-benefit pension plan when you meet plan requirements and retire, you're guaranteed a certain monthly income for the rest of your life. Higgins agreed, saying the national rate for employees in similar plansis about 6% of their paychecks, and for employers about 15%. Enjoy the convenience and timeliness of direct deposit of your benefits on the first banking day of each month by submitting a completedForm 21,Direct Deposit Authorization, to PERS. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. The PERS Thinking of Returning to Work? If you have questions regarding when funds are placed into your account, contact your financial institution. Please continue to take care of yourselves and stay well! 2% x service credit years x Average Final Compensation = monthly benefit. If you have direct deposit, contact your financial institution to see when funds are placed in your account. 2023 Retirement Check Paydays Now Available. Simply log in to your account, access your documents, select the Form 1095-B and print for your records. Retirees and beneficiaries who have been receiving benefits for at least one full fiscal year receive a COLA. Apr 10, 2018 - PERS retirement plans and information for employees of Mississippi State University. The Legislature has the authority to take such action. You may also contact us by phone at 888 CalPERS (or 888-225-7377) or by secure message through myCalPERS to request a printed copy. In late January 2022, OPERS benefit recipients who participated in the group medical, Health Reimbursement Arrangement and/or Retiree Medical Account plans in 2021 will be able to access their Form 1095- B through their OPERS online account. For more information call 800-634-0168. PSERS pays monthly retirement benefits on the last working day of the month for which they are due. The State Controller's Office distinguishes Northern and Southern California using ZIP codes: We serve those who serve California. If you need to view and/or print duplicate statements for up to the last five years, log in to your myCalPERS account to access your statements. Call us toll free: (800) 451-9800 | local: (207) 512-3100 | P.O. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window). Are they late? You will be required to provide your Social Security number and the tax year for the 1099-R needed. Please watch theRetirement Education pageof our website for the availability of these events. To make a change to your account, submit a completedForm 1C,Change of Information.. Your benefits are eligible for cost-of-living adjustments (COLAs) and are subject to federal and MO state income taxes, if you live in Missouri. We prefer Author Name, Mississippi Today in the byline. The State Controllers Office is not mailing paper statements at this time to CalPERS retirees who are enrolled in direct deposit. Form 1C, change of Information have questions regarding when funds are placed in your account factors... North Mississippi Daily Journal in Tupelo since 1984 you will be on this date or later due to processing. If your bank account will be required to provide your Social Security number the. Population has stymied those efforts Saturday, Federal Reserve offices will be required to provide your Social number... 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