ms pers retirement pay schedule
Ordinarily, if we receive your request by the first day of the month, your next payment should be deposited to your new account. The minimum retirement age for service retirement for most members is 50 years with five years of service credit. Federal Reserve Bank Holiday Policy: When holidays fall on Saturday, Federal Reserve Banks and branches will be open the preceding Friday. Current laws, rates, and factors are subject to change. These retirement benefits not only help recruit and retain a strong public workforce in Mississippi, they help stimulate local economies in every county in the state and help reduce the need for social assistance. Ron Higgins, PERS executive director, said the increase is needed to ensure the system is properly funded long-term. A: PSERS pays pension benefits by the last business day of each month once a member is on regular payroll status. 05-10031 ( En espaol) Publications > Schedule of Social Security Payments. Simply log in to your account, access your documents, select the Form 1095-B and print for your records. (b) At age 62 and after: 2.5% times the number of years of service times the average of the member's highest 36 months of basic pay. Retirees and beneficiaries who have been receiving benefits for at least one full fiscal year receive a COLA. Under current law, the Legislature cannot prevent the employer increase from going into effect. Please watch theRetirement Education pageof our website for the availability of these events. If you need to update your address with your current address, please submit to PERS a completedPERS Form 1C,Change of Information. @2022. 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. by Bobby Harrison, Mississippi Today February 7, 2023, This and is republished here under a Creative Commons license.
. Richella Vincent Lee ( Richella.VincentLee@tiaa.org) 800-842-2003 ext. Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California. Public Employees Retirement System (PERS), Public Employees Retirement System of Mississippi. Employer (taxpayer) contributions made up only 29 percent of pension revenues over the same 30-year period. If you havedirect deposit, contact your financial institution to see when funds are placed in your account. 2022 Cost-of-Living Adjustment Coming in May 12 months ago This May, all CalPERS retirees who retired in 2020 or earlier will receive an increase to their cost-of-living adjustment (COLA). Keeping PERS up to date with changes to your name, address, and, or spouse and beneficiary information allows us to provide you with the most efficient service possible, including timely delivery of your PERS newsletter, issuance of your annual Internal Revenue Service Form 1099-R each January, and other mail outs from your retirement system. Although the December 2022 monthly benefit is issued on January 1, 2023, the first business day of the month is January 3, 2023. However, for the members who continue participation in the state-sponsored insurance plan after they retire and for the Medicare-eligible retirees who choose participation in the PERS-sponsored plan, PERS conveniently withholds premiums from benefit payments. PERS recommends thatretireesreview theirfederal tax withholding preferenceswiththeirtax preparer to determine if any adjustmentsneedtobemade. PERS Form 17,Certificate of Withholding Preference. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. For more information, click here to visit our Retiree Resources page. Telephone Numbers: Hopson pointed out that the Mississippi Public Employee Retirement System employer contribution rate and the rate paid by employees (9% of their paycheck) is among the highest in the country. The more service credit you have, the higher your retirement benefits will be. If you use Direct Deposit, you will have your benefit payments available to you on the scheduled dates shown below. Month. 429 Mississippi Street, Jackson, MS 39201 - 1005 This resource includes information on monthly benefit allocations, changing options after retirement, planning for physical or mental incapacity, returning to work, and other general quick-reference facts. With your help, we've gotten a lot done but we're not finished yet! Payment Dates; Forms; Tax Withholding; Duplicate 1099-R; About Health Insurance; Post September 19, 2018. But he said under state law, the only option the board has to correct any funding deficiencies is to increase the employer contribution rate. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday. At retirement, you have the option to choose whether to receive your COLA monthly or in a lump sum paid each December. 10/25/2023. A bill is pending in the Legislature, though House Bill 605 that could be used to give the Legislature final authority over whether to enact such an increase. From reducing your energy consumption to making sustainable food choices, there's something for everyone: http://bit.ly/caclimateactioncv, Your savings account balance will always ebb and flow because life happens. Some are automatic, such as those for health benefits, service credit purchase, or liens and levies related to Internal Revenue Service or State Franchise Tax Board actions. 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. But Higgins said the rate increase is not because of investment earnings for any one year. Use our online form forQuestions, Comments, & Complaintsabout CalPERS programs and services. For example, PSERS will pay your January benefit on January 30th, but the medical deduction is for February. @2022. This Handy Calendar Will Help You Reach Your California Public Employees' Retirement System (CalPERS). The increase means state agencies will have to provide an additional $265 million toward their employees retirement, and local governmental entities will have to provide the rest. Providing Benefits for Life School Employees Retirement System of Ohio. by Bobby Harrison August 25, 2021. Higgins said it has not, but added it is his understanding that there is not an appetite to address the issue during an election year. Help keep the momentum going by rejoining our member community today. Backgrounder Mississippi Public Employees' Retirement System's cost of living adjustment is negatively impacting solvency The PERS COLA is not tied to inflation, serving more as an autopilot annual pay raise for retirees than a way to maintain retiree's purchasing power throughout retirement. Privacy Policy | 2023 Maine Public Employees Retirement System. It might need some more research., During a recent meeting, Senate Appropriations Chair Briggs Hopson, R-Vicksburg, said he understands the need to ensure the pension plan is properly funded, but also expressed concern that the actions of the PERS Board have a direct impact on the state agencies and programs and opportunities for other people to have jobs and salaries and not get laid off and have cuts in a number of areas.. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday. 2% x 23 years x $5,400 = $2,484. Annual DROP interest rate determination - Each February, the APERS board of trustees determines the rate of interest to be credited on contributions to Deferred Retirement Option Plan (DROP) accounts for the upcoming fiscal year. This organization is open to both active PERS members and all PERS retirees. After Public Employees Retirement System Board of Trustees voted to require an additional $345 million annually from state and local governmental entities to fund the pension plan for their current and former employees, lawmakers are considering changes to the systems authority. Any amount helps us keep producing quality journalism for Mississippi. You can also choose to retire as early as age 55, but your benefit could be reduced depending on your total years of service. The Cost-of-Living Adjustment (COLA) helps maintain your purchasing power as a retiree no matter how long you live after retirement and despite the effects of inflation. Retiree Medical Insurance PlanMyRetireeHealthPlan.com. View the 2021 schedule for Direct Deposit and Check Mailing of your benefits. This alternative plan is structured to be portable and transferable to accommodate teaching and . #ASW20223 @AmericaSaves #AmericaSavesWeek #Save4TheUnexpected, We serve those who serve California. Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California, 7 End-of-Year Financial Actions to Cross Off Your List, Congratulations to CalPERS Information Technology, Nash loves learning new skills! Public Employees' Retirement System - PERS forms PERS eUpdates are brief e-mailednews alerts regarding legislative and/or administrative changes that affect the retirement plans administered by PERS. 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. 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. 03. Part 1: Your defined benefit Employers. The State Controller's Office issues checks and determines mailing dates. Higgins said the board could provide recommendations on how to reduce the cost to the system. 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. 2% x service credit years x Average Final Compensation = monthly benefit. PERS Pay Dates. The Mississippi State Personnel Board is the human resources management agency for State government, and we are committed to ensuring a quality workforce for the State of Mississippi. From local-elected officials to independent contractors, this guide gives guidance. PERS mails to each benefit recipient every January his or her Internal Revenue Service Form 1099-R. Proudly founded in 1681 as a place of tolerance and freedom. We prefer Author Name, Mississippi Today in the byline. We are grateful for the past support of state leadership, local officials, PERS-covered employers, and the membership. You have to credit Mississippi Today. You need 5 or more years of service to qualify for a retirement with PERS Plan 1. All benefits eligible employees are required to participate in a retirement plan, PERS or ORP. The board postponed recommended increases in the employer contribution rate the past two years in part because of investment earnings of 32.71% in 2020. Below is a feed of the most recent eUpdates, as well as a subscribe button so you can receive these timely and helpful updates from PERS. Benefits are paid at the beginning of the month for the previous months benefits. 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: * Please make sure you have kept your mailing address up to date with PERS. To make a change to your account, submit a completedForm 1C,Change of Information.. Each retiree is responsible for deciding on the right insurance coverage to fit his or her personal needs. View the Payday Dates. Background Image Alternative Text: decorative. 2023 Retirement Check Pay Days 3 months ago Benefits are paid at the beginning of the month for the previous month's benefits. Subscriptions serviced by Constant Contact. 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. You can change your federal or Michigan tax withholding rate by completing and submitting the Income Tax Withholding Authorization (R0012X)form. guide provides an overview of the stipulations for PERS retirees who plan to return to covered service. More Resources; Contributory Rates . If you like, you can print the 2023 payment calendar to keep. Guide, Mississippi Retired Public Employees' Association (MRPEA) promotes the health, well-being, quality of life, and financial interests of members and retirees of PERS. Toggle navigation; Back Monthly Benefit Payment and Direct Deposit Schedule. 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). Example: Let's say you work 23 years and the average of your highest 60 months of income (AFC) is $5,400 per month. For more information call877-863-1499. View the 2022 schedule for Direct Deposit and Check Mailing of your benefits. We look forward to working together in the future for the best interests of PERS. The planned increase in the employer benefit, which is not slated to go into effect until October, comes on the heels of a year when the system lost more than 8% on its investments. Higgins said more than 300,000 people are members of the system, meaning they are current retirees receiving benefits or are eligible to receive benefits in future years because of their public service. A native of Laurel, Bobby joined our team June 2018 after working for the North Mississippi Daily Journal in Tupelo since 1984. Any web site our stories appear on must include a contact for your organization. (a) Prior to age 62: 2.5% times the number of years of service minus 1.0% for each year of service less than 30, times the average of the member's highest 36 months of basic pay. Vesting Period prior to July 1, 2007 To learn more about our cartoon syndication services. This rate affects current DROP participants who have not exceeded the 10-year . The Public Employees' Retirement System of Mississippi (PERS) p roudly 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. The PERS Retiree Handbook provides a broad overview of what being a retiree of PERS means. Schedule Of Social Security Benefit Payments - Calendar 2022. Box 349, Augusta, ME 04332. Additionally, supplemental retirement plans include the Mississippi Deferred Compensation Plan and Trust 457 for all benefits-eligible employees. The Public Employees' Retirement System of Mississippi (PERS), a governmental defined benefit pension plan qualified under Section 401 (a) of the Internal Revenue Code, is the retirement system for nearly all non-federal public employees in the state including employees of the state, public school districts, municipalities, counties, community The board voted to increase the rate to 22.4%. He also writes a weekly news analysis which is co-published in newspapers statewide. Direct Deposit 2021 December 15, 2020 (Tuesday) COLA Lawmakers questioned whether the board is hiring competent experts to oversee the system and to make investments. Direct Deposit 2022 December 1, 2021 (Wednesday) MainePERS will mail an advice of deposit to you whenever the amount of your deposit changes by $1.00 or more, regardless of the month. If you have direct deposit, contact your financial institution to see when funds are placed in your account. 800-Number: 800-381-5111 Please continue to take care of yourselves and stay well! However, because PSERS' group health insurance premiums are payable in advance, your medical deduction is for the following month. !Note: The State Controllers Office (SCO) is not mailing statements. If you have direct deposit, contact your financial institution to see when funds are placed in your account. The State Controller's Office issues checks and determines mailing dates. This change must be done by the last working day in October of that same year. In the past some legislators have talked about temporarily suspending or altering the annual automatic 3% cost of living increase. The employer rate in Mississippi is currently 17.4%. Below is a feed of the most recent eUpdates, as well as a subscribe button so you can receive these timely and helpful updates from PERS. 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Ordinarily, if we receive your request by the first day of the month, your next payment should be deposited to your new account. The minimum retirement age for service retirement for most members is 50 years with five years of service credit. Federal Reserve Bank Holiday Policy: When holidays fall on Saturday, Federal Reserve Banks and branches will be open the preceding Friday. Current laws, rates, and factors are subject to change. These retirement benefits not only help recruit and retain a strong public workforce in Mississippi, they help stimulate local economies in every county in the state and help reduce the need for social assistance. Ron Higgins, PERS executive director, said the increase is needed to ensure the system is properly funded long-term. A: PSERS pays pension benefits by the last business day of each month once a member is on regular payroll status. 05-10031 ( En espaol) Publications > Schedule of Social Security Payments. Simply log in to your account, access your documents, select the Form 1095-B and print for your records. (b) At age 62 and after: 2.5% times the number of years of service times the average of the member's highest 36 months of basic pay. Retirees and beneficiaries who have been receiving benefits for at least one full fiscal year receive a COLA. Under current law, the Legislature cannot prevent the employer increase from going into effect. Please watch theRetirement Education pageof our website for the availability of these events. If you need to update your address with your current address, please submit to PERS a completedPERS Form 1C,Change of Information. @2022. 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. by Bobby Harrison, Mississippi Today February 7, 2023, This and is republished here under a Creative Commons license.. Richella Vincent Lee ( Richella.VincentLee@tiaa.org) 800-842-2003 ext. Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California. Public Employees Retirement System (PERS), Public Employees Retirement System of Mississippi. Employer (taxpayer) contributions made up only 29 percent of pension revenues over the same 30-year period. If you havedirect deposit, contact your financial institution to see when funds are placed in your account. 2022 Cost-of-Living Adjustment Coming in May 12 months ago This May, all CalPERS retirees who retired in 2020 or earlier will receive an increase to their cost-of-living adjustment (COLA). Keeping PERS up to date with changes to your name, address, and, or spouse and beneficiary information allows us to provide you with the most efficient service possible, including timely delivery of your PERS newsletter, issuance of your annual Internal Revenue Service Form 1099-R each January, and other mail outs from your retirement system. Although the December 2022 monthly benefit is issued on January 1, 2023, the first business day of the month is January 3, 2023. However, for the members who continue participation in the state-sponsored insurance plan after they retire and for the Medicare-eligible retirees who choose participation in the PERS-sponsored plan, PERS conveniently withholds premiums from benefit payments. PERS recommends thatretireesreview theirfederal tax withholding preferenceswiththeirtax preparer to determine if any adjustmentsneedtobemade. PERS Form 17,Certificate of Withholding Preference. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. For more information, click here to visit our Retiree Resources page. Telephone Numbers: Hopson pointed out that the Mississippi Public Employee Retirement System employer contribution rate and the rate paid by employees (9% of their paycheck) is among the highest in the country. The more service credit you have, the higher your retirement benefits will be. If you use Direct Deposit, you will have your benefit payments available to you on the scheduled dates shown below. Month. 429 Mississippi Street, Jackson, MS 39201 - 1005 This resource includes information on monthly benefit allocations, changing options after retirement, planning for physical or mental incapacity, returning to work, and other general quick-reference facts. With your help, we've gotten a lot done but we're not finished yet! Payment Dates; Forms; Tax Withholding; Duplicate 1099-R; About Health Insurance; Post September 19, 2018. But he said under state law, the only option the board has to correct any funding deficiencies is to increase the employer contribution rate. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday. At retirement, you have the option to choose whether to receive your COLA monthly or in a lump sum paid each December. 10/25/2023. A bill is pending in the Legislature, though House Bill 605 that could be used to give the Legislature final authority over whether to enact such an increase. From reducing your energy consumption to making sustainable food choices, there's something for everyone: http://bit.ly/caclimateactioncv, Your savings account balance will always ebb and flow because life happens. Some are automatic, such as those for health benefits, service credit purchase, or liens and levies related to Internal Revenue Service or State Franchise Tax Board actions. 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. But Higgins said the rate increase is not because of investment earnings for any one year. Use our online form forQuestions, Comments, & Complaintsabout CalPERS programs and services. For example, PSERS will pay your January benefit on January 30th, but the medical deduction is for February. @2022. This Handy Calendar Will Help You Reach Your California Public Employees' Retirement System (CalPERS). The increase means state agencies will have to provide an additional $265 million toward their employees retirement, and local governmental entities will have to provide the rest. Providing Benefits for Life School Employees Retirement System of Ohio. by Bobby Harrison August 25, 2021. Higgins said it has not, but added it is his understanding that there is not an appetite to address the issue during an election year. Help keep the momentum going by rejoining our member community today. Backgrounder Mississippi Public Employees' Retirement System's cost of living adjustment is negatively impacting solvency The PERS COLA is not tied to inflation, serving more as an autopilot annual pay raise for retirees than a way to maintain retiree's purchasing power throughout retirement. Privacy Policy | 2023 Maine Public Employees Retirement System. It might need some more research., During a recent meeting, Senate Appropriations Chair Briggs Hopson, R-Vicksburg, said he understands the need to ensure the pension plan is properly funded, but also expressed concern that the actions of the PERS Board have a direct impact on the state agencies and programs and opportunities for other people to have jobs and salaries and not get laid off and have cuts in a number of areas.. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday. 2% x 23 years x $5,400 = $2,484. Annual DROP interest rate determination - Each February, the APERS board of trustees determines the rate of interest to be credited on contributions to Deferred Retirement Option Plan (DROP) accounts for the upcoming fiscal year. This organization is open to both active PERS members and all PERS retirees. After Public Employees Retirement System Board of Trustees voted to require an additional $345 million annually from state and local governmental entities to fund the pension plan for their current and former employees, lawmakers are considering changes to the systems authority. Any amount helps us keep producing quality journalism for Mississippi. You can also choose to retire as early as age 55, but your benefit could be reduced depending on your total years of service. The Cost-of-Living Adjustment (COLA) helps maintain your purchasing power as a retiree no matter how long you live after retirement and despite the effects of inflation. Retiree Medical Insurance PlanMyRetireeHealthPlan.com. View the 2021 schedule for Direct Deposit and Check Mailing of your benefits. This alternative plan is structured to be portable and transferable to accommodate teaching and . #ASW20223 @AmericaSaves #AmericaSavesWeek #Save4TheUnexpected, We serve those who serve California. Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California, 7 End-of-Year Financial Actions to Cross Off Your List, Congratulations to CalPERS Information Technology, Nash loves learning new skills! Public Employees' Retirement System - PERS forms PERS eUpdates are brief e-mailednews alerts regarding legislative and/or administrative changes that affect the retirement plans administered by PERS. 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. 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. 03. Part 1: Your defined benefit Employers. The State Controller's Office issues checks and determines mailing dates. Higgins said the board could provide recommendations on how to reduce the cost to the system. 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. 2% x service credit years x Average Final Compensation = monthly benefit. PERS Pay Dates. The Mississippi State Personnel Board is the human resources management agency for State government, and we are committed to ensuring a quality workforce for the State of Mississippi. From local-elected officials to independent contractors, this guide gives guidance. PERS mails to each benefit recipient every January his or her Internal Revenue Service Form 1099-R. Proudly founded in 1681 as a place of tolerance and freedom. We prefer Author Name, Mississippi Today in the byline. We are grateful for the past support of state leadership, local officials, PERS-covered employers, and the membership. You have to credit Mississippi Today. You need 5 or more years of service to qualify for a retirement with PERS Plan 1. All benefits eligible employees are required to participate in a retirement plan, PERS or ORP. The board postponed recommended increases in the employer contribution rate the past two years in part because of investment earnings of 32.71% in 2020. Below is a feed of the most recent eUpdates, as well as a subscribe button so you can receive these timely and helpful updates from PERS. Benefits are paid at the beginning of the month for the previous months benefits. 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: * Please make sure you have kept your mailing address up to date with PERS. To make a change to your account, submit a completedForm 1C,Change of Information.. Each retiree is responsible for deciding on the right insurance coverage to fit his or her personal needs. View the Payday Dates. Background Image Alternative Text: decorative. 2023 Retirement Check Pay Days 3 months ago Benefits are paid at the beginning of the month for the previous month's benefits. Subscriptions serviced by Constant Contact. 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. You can change your federal or Michigan tax withholding rate by completing and submitting the Income Tax Withholding Authorization (R0012X)form. guide provides an overview of the stipulations for PERS retirees who plan to return to covered service. More Resources; Contributory Rates . If you like, you can print the 2023 payment calendar to keep. Guide, Mississippi Retired Public Employees' Association (MRPEA) promotes the health, well-being, quality of life, and financial interests of members and retirees of PERS. Toggle navigation; Back Monthly Benefit Payment and Direct Deposit Schedule. 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). Example: Let's say you work 23 years and the average of your highest 60 months of income (AFC) is $5,400 per month. For more information call877-863-1499. View the 2022 schedule for Direct Deposit and Check Mailing of your benefits. We look forward to working together in the future for the best interests of PERS. The planned increase in the employer benefit, which is not slated to go into effect until October, comes on the heels of a year when the system lost more than 8% on its investments. Higgins said more than 300,000 people are members of the system, meaning they are current retirees receiving benefits or are eligible to receive benefits in future years because of their public service. A native of Laurel, Bobby joined our team June 2018 after working for the North Mississippi Daily Journal in Tupelo since 1984. Any web site our stories appear on must include a contact for your organization. (a) Prior to age 62: 2.5% times the number of years of service minus 1.0% for each year of service less than 30, times the average of the member's highest 36 months of basic pay. Vesting Period prior to July 1, 2007 To learn more about our cartoon syndication services. This rate affects current DROP participants who have not exceeded the 10-year . The Public Employees' Retirement System of Mississippi (PERS) p roudly 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. The PERS Retiree Handbook provides a broad overview of what being a retiree of PERS means. Schedule Of Social Security Benefit Payments - Calendar 2022. Box 349, Augusta, ME 04332. Additionally, supplemental retirement plans include the Mississippi Deferred Compensation Plan and Trust 457 for all benefits-eligible employees. The Public Employees' Retirement System of Mississippi (PERS), a governmental defined benefit pension plan qualified under Section 401 (a) of the Internal Revenue Code, is the retirement system for nearly all non-federal public employees in the state including employees of the state, public school districts, municipalities, counties, community The board voted to increase the rate to 22.4%. He also writes a weekly news analysis which is co-published in newspapers statewide. Direct Deposit 2021 December 15, 2020 (Tuesday) COLA Lawmakers questioned whether the board is hiring competent experts to oversee the system and to make investments. Direct Deposit 2022 December 1, 2021 (Wednesday) MainePERS will mail an advice of deposit to you whenever the amount of your deposit changes by $1.00 or more, regardless of the month. If you have direct deposit, contact your financial institution to see when funds are placed in your account. 800-Number: 800-381-5111 Please continue to take care of yourselves and stay well! However, because PSERS' group health insurance premiums are payable in advance, your medical deduction is for the following month. !Note: The State Controllers Office (SCO) is not mailing statements. If you have direct deposit, contact your financial institution to see when funds are placed in your account. The State Controller's Office issues checks and determines mailing dates. This change must be done by the last working day in October of that same year. In the past some legislators have talked about temporarily suspending or altering the annual automatic 3% cost of living increase. The employer rate in Mississippi is currently 17.4%. Below is a feed of the most recent eUpdates, as well as a subscribe button so you can receive these timely and helpful updates from PERS. 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