Thursday, June 29, 2017

Fitch is new Chairwoman of PERS board.

Mississippi State Treasurer Lynn Fitch issued the following statement.


Treasurer Lynn Fitch Elected Chair of the Board for PERS

Jackson, MS.  At a meeting of the Board of Trustees today, Treasurer Lynn Fitch was elected 2017-18 Board Chair for the Public Employees’ Retirement System of Mississippi (PERS). 

“I am honored to have been elected to this position,” said Treasurer Fitch.  “I take this responsibility very seriously.  The current and future retirees of Mississippi deserve our very best efforts to keep their retirement savings safe and strong.”

Fitch has served as Board Vice Chair, as well as Chair of the Defined Contribution Committee, for the past year.  She succeeds Dr. Randy McCoy as Board of Trustees Chair.  Kelly Breland, a representative of State employees on the Board, will serve as this year’s Vice Chair.

“I want to thank Dr. McCoy for his service as PERS Chair,” continued Fitch.  “It has been a true privilege to serve with him in this capacity.  I am looking forward to working with Kelly Breland and all the Trustees over the coming year to ensure that PERS is on a steady trajectory to fiscal health.”

According to the latest Comprehensive Annual Financial Report (December 2016), at the end of the last fiscal year, PERS defined benefit plans served 399,757 members and 102,212 retirees and beneficiaries.  It paid out $2.4 billion in retirement benefits in Fiscal Year 2016.

11 comments:

Anonymous said...

Love the quote: "on a steady trajectory to fiscal health." It ain't healthy now and it's just a matter of time until this takes a bite out of the state's butt.

Anonymous said...

Send her to Washington!

Anonymous said...

Clang. Clang.

Listen to that can travel down the road.

Anonymous said...

One captain; two sinking ships.

Anonymous said...

Amazing they knew how to elect her; understand she hasn't attended enough meetings for the board to know her.

On second thought, maybe that's how she got elected.

Plain ol' Catfish said...

@ June 29, 2017 at 1:32 PM

That's a good one - ROTFLMAO!!!!!

Anonymous said...

Well, she ran the State Personnel Board for a short time and Haley sent her over to Employment Security for a few months and she redecorated her offices in her current job so she is definitely a seasoned warrior.

Anonymous said...

624, if you are going to try to make aspersions, at least try to get the details close to correct.

Charlie got her the gig at Employment Security BEFORE, not after, her trip to the State Personnel Board. And it was there that she redecorated her offices, not at the plush new ES office bldg.

Plain ol' Catfish said...

It's down to her and Triple Cheese Tator Raider in the Republican Primary for Gub'nor - who are you going with?

The one that splurged on an office or the one who is giving Mississippi taxpayer dollars away to company's that are not based in Mississippi?

Anonymous said...

If the Treasurer misses a meeting due to her busy schedule, does the Deputy Treasurer serve as Chair or does the Vice-Chairman move up to act as Chair?

Anonymous said...

Who cares what the actual time line was for her ascension or which offices she redecorated first? The fact is she's been coddled and led around by Haley and his boy Charlie for more than a decade.

She ain't no Evelyn Gandy. Now there was a woman who deserved to be governor! The country cannot use TWO Nikki Haleys.

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Note: Security provided by INS.

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Note: Security provided by INS
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