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The Maximum Retirement Allowance Option provides the highest possible monthly benefit for life available to you at retirement. This single life annuity is the basic benefit option offered by PERS. Monthly benefit payments stop at your death. No monthly benefits are payable to any beneficiary.
PERS 13th Check is the annual 3% cost of living increase given to current public sector employees and Mississippi retirees at the years end. The 13th Check or payment is paid to the ex-employees entirely by employer contributions.
You may request a balance of your account by contacting PERS Customer Service. You may call in your request at 800-444-7377 or 601-359-3589, or you may fax your request to 601-359-6707 with the following information: Name. Retirement Plan (PERS, SLRP, MHSPRS, or MRS)
No provision exists for loans, partial refunds, or hardship withdrawals of member contributions. Refunding your account contributions means losing your membership in PERS as well as the accompanying service credit. You also waive and relinquish all accrued vested rights.
Sign in or create a personal my Social Security account to get an estimate of your future Social Security retirement benefits. You can also use a variety of Social Security benefit calculators to find your full retirement age, estimate benefits for a spouse, and get a more detailed look at your future benefits.
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In 2023, the PERS Board of Trustees lowered the annual percentage rate by just more than half a point. They also voted to implement an employer contribution increase of 5% phased out over three years, bumping employer contributions up from 17.4% to 22.4%.
Public Employees Retirement System of Mississippi (PERS): The employees pre-tax contribution is 9.00% of gross wages and the University contribution is 17.40% of the employees gross income. PERS is a defined benefits plan which entitles qualified employees to a guaranteed retirement benefit.