This report follows up on the recommendations made in PEER’s 1990 performance evaluation of the Public Employees’ Retirement System. The prior report evaluated internal accounting controls, management of the deferred compensation program, and contained an actuarial audit of the system.
PERS has implemented nearly all recommendations contained in PEER’s 1990 report, with few exceptions. It has failed to seek a legislative appropriation to authorize its expenditures for investment managers’ fees, relying on an outdated Attorney General’s opinion which holds that the system is a private corporation.
For a paper copy of this report, contact PEER by telephone at 601-359-1226 or by e-mail at reports@peer.ms.gov.