Mississippi PERS Basics

  • Established 1952
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Mississippi PERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 14.9
2002 13.8
2003 14.0
2004 15.7
2005 16.9
2006 18.3
2007 21.4
2008 19.3
2009 15.1
2010 16.8
2011 20.4
2012 19.8
2013 21.7
2014 24.9
2015 24.9
2016 24.1
2017 26.5
2018 27.8

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Mississippi PERS US State and Local Pensions
2001 2.8 2.5
2002 2.7 2.4
2003 2.6 2.3
2004 2.5 2.2
2005 2.5 2.1
2006 2.4 2.1
2007 2.3 2.0
2008 2.3 2.0
2009 2.2 1.9
2010 2.1 1.8
2011 1.9 1.7
2012 1.9 1.6
2013 1.8 1.5
2014 1.7 1.5
2015 1.6 1.5
2016 1.5 1.4
2017 1.5 1.4
2018 1.4 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Mississippi PERS, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 9.7 0.0 5.0 9.7 9.7
2002 9.5 0.0 4.8 9.5 9.5
2003 9.3 0.0 5.7 9.3 9.3
2004 9.4 0.0 7.3 9.4 9.4
2005 10.1 0.0 9.0 10.1 10.1
2006 10.3 0.0 9.3 10.3 10.3
2007 10.8 1.2 10.0 12.0 12.0
2008 11.1 0.3 10.4 11.5 11.5
2009 11.3 0.0 10.2 11.3 11.3
2010 12.1 0.0 10.5 12.1 12.1
2011 12.1 0.0 12.5 12.1 12.1
2012 12.5 0.0 12.9 12.5 12.5
2013 14.3 0.0 14.0 14.3 14.3
2014 15.8 0.0 14.4 15.8 15.8
2015 16.1 0.0 14.9 16.1 16.1
2016 17.0 0.0 14.8 15.8 15.8
2017 16.9 0.0 15.1 15.7 15.7
2018 17.0 0.0 15.9 15.8 15.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Mississippi PERS, 2001-2018

Fiscal Year Mississippi PERS National Data
2001 87.5 106.5
2002 83.4 101.1
2003 79.0 94.2
2004 74.9 93.1
2005 72.4 91.1
2006 73.5 90.5
2007 73.7 91.2
2008 72.9 90.2
2009 67.3 83.2
2010 64.2 81.5
2011 62.2 80.4
2012 58.0 78.9
2013 57.7 78.7
2014 61.0 79.0
2015 60.4 78.2
2016 60.0 76.3
2017 61.1 76.4
2018 61.8 76.6

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Mississippi PERS, 2018

Category Percent
Equities 53.2
Fixed Income 25.4
Private Equity 6.5
Real Estate 8.9
Cash 6.1
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Mississippi PERS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 66.2 33.5 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2002 61.3 38.1 0.0 0.0 0.6 0.0 0.0 0.0 0.0
2003 60.4 38.1 0.0 1.2 0.3 0.0 0.0 0.0 0.0
2004 63.2 26.9 0.0 1.9 8.0 0.0 0.0 0.0 0.0
2005 72.5 24.4 0.0 2.8 0.3 0.0 0.0 0.0 0.0
2006 73.1 22.2 0.0 3.9 0.8 0.0 0.0 0.0 0.0
2007 74.8 20.3 0.0 4.0 0.9 0.0 0.0 0.0 0.0
2008 70.6 23.7 0.0 4.7 1.0 0.0 0.0 0.0 0.0
2009 68.5 26.2 0.1 4.4 0.7 0.0 0.0 0.1 0.0
2010 68.7 25.4 0.5 4.6 0.7 0.0 0.0 0.1 0.0
2011 70.0 22.0 1.0 6.0 1.0 0.0 0.0 0.0 0.0
2012 64.0 25.0 2.0 8.0 1.0 0.0 0.0 0.0 0.0
2013 63.2 23.9 3.2 8.5 1.2 0.0 0.0 0.0 0.0
2014 66.0 20.0 4.0 9.0 1.0 0.0 0.0 0.0 0.0
2015 57.2 26.3 4.9 9.0 2.6 0.0 0.0 0.0 0.0
2016 53.6 29.1 5.6 9.5 2.2 0.0 0.0 0.0 0.0
2017 57.0 26.1 6.1 8.9 1.9 0.0 0.0 0.0 0.0
2018 53.2 25.4 6.5 8.9 6.1 0.0 0.0 0.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for Mississippi PERS, 2001-2018

Fiscal Year Mississippi PERS Assumed return
2001 -7.10 8.00
2002 -6.60 8.00
2003 3.50 8.00
2004 14.60 8.00
2005 9.80 8.00
2006 10.70 8.00
2007 18.90 8.00
2008 -8.20 8.00
2009 -19.40 8.00
2010 14.10 8.00
2011 25.40 8.00
2012 0.60 8.00
2013 13.40 8.00
2014 18.60 8.00
2015 3.40 7.75
2016 1.20 7.75
2017 14.96 7.75
2018 9.50 7.75

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Mississippi PERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -105.0 14,946.2
2002 -172.4 13,800.7
2003 -241.3 14,012.2
2004 -292.4 15,723.7
2005 -340.7 16,890.5
2006 -347.9 18,321.1
2007 -371.2 21,353.0
2008 -377.2 19,251.1
2009 -400.2 15,134.5
2010 -495.6 16,788.2
2011 -578.7 20,377.2
2012 -656.1 19,781.4
2013 -659.3 21,686.9
2014 -716.4 24,877.1
2015 -798.9 24,906.6
2016 -903.1 24,135.0
2017 -1,028.7 26,543.1
2018 -1,196.5 27,763.2

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Mississippi PERS
2001-2018

Fiscal Year Mississippi PERS National Average
2001 -0.7 -2.3
2002 -1.2 -2.3
2003 -1.7 -2.6
2004 -1.9 -1.7
2005 -2.0 -1.9
2006 -1.9 -1.9
2007 -1.7 -1.7
2008 -2.0 -1.9
2009 -2.6 -2.7
2010 -3.0 -2.9
2011 -2.8 -2.8
2012 -3.3 -3.1
2013 -3.0 -3.0
2014 -2.9 -2.7
2015 -3.2 -2.8
2016 -3.7 -3.0
2017 -3.9 -2.9
2018 -4.3 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Mississippi PERS benefit descriptions.