Tuesday, July 31, 2018

SLRP, SLRP, SLRP!

There has never been an acronym that so accurately describes its subject as SLRP - Special Legislative Retirement Plan.  It's a declaration by the legislature that states our elected solons are indeed better than the rest of us.  The legislature created SLRP to give themselves extra retirement pay not available to other state employees.  Call it time and a half pay for doing half of the work- if that much. The program currently holds $17.2 million in assets.

 The current actuarial report provides more information about SLRP:

Market Value: $17.2 million
Funding level: 78.8%
Active members: 174
Retirees: 205 Average salary of active members: $39,817
Benefits paid: $1.397 million
Average benefit: $6,283
Average monthly benefit: $434
Average age: 71.9 years old
Contributions: $734,000
Unfunded liability: $4.6 million
Assumed rate of return: 7.75%
COLA: 3%

 SLRP is a special retirement program created in 1989 just for legislators, giving them extra retirement pay in addition to the regular retirement they receive as members of PERS. Section 25-11-301 of the Mississippi Code states:


 There is hereby established and placed under the management of the Board of Trustees of the Public Employees' Retirement System of Mississippi a supplemental legislative retirement plan for the purpose of providing supplemental retirement allowances and other benefits under the provisions of this article for elected members of the State Legislature and the President of the Senate and their beneficiaries. The retirement plan provided by this article shall go into operation on July 1, 1989, when contributions by members shall begin and benefits shall become payable. This retirement plan is designed to supplement and is in addition to the provisions of Section 25-11-1 et seq. Under the terms of this article, the members of the State Legislature and the President of the Senate shall retain all social security benefits under Article 1 and additional state retirement and disability benefits under Article 3 of the Public Employees' Retirement Law of 1952, as amended. This article is a supplement to those sections, and is designed to provide more benefits for members of the State Legislature and the President of the Senate by reason of their service to the state. Section 25-11-301
Section 305 states SLRP shall include all members of the Legislature unless they choose to opt out of the program. Section 309 states "(1) The retirement allowance from the Supplemental Legislative Retirement Plan shall consist of fifty percent (50%) of an amount equal to the retirement allowance determined by creditable service"." In other words, SLRP gives legislators time and a half retirement pay in comparison to teachers, police officers, prosecutors, and other state employees.

 Keep in mind that these guys already receive regular retirement benefits as members of PERS!!!  SLRP is an extra payment they receive courtesy of our taxes.

You know the story.  Money is tight.  We have more needs than resources.  Corrections officers are woefully underpaid.  Medicaid is always running broke.  The state parks never receive the attention they deserve.  Meanwhile, these guys live in an alternate universe where they think they are more special than the state employees who serve and protect us.  The ones who actually do the real work.

SLRP is one thing that everyone agrees on in the legislature.  You don't hear one peep about this perk from those who are usually outraged at being outraged: the Black Caucus, McDanielites, the good gummint conservatives,  and even the few remaining white Democrats.  Bobby Moak didn't say one word about SLRP in all of the numerous press releases he sent to the media.   Conservative or liberal leadership, it doesn't matter as the result stays the same: silence.  Call it the Mississippi omerta.  Don't expect any changes regardless of who gets elected.  These guys love to SLRP.

Make no mistake, SLRP is not even 0.01% the size of PERS as PERS enjoys assets of $25 billion.  However, SLRP sets a standard that treats the legislature as a favored few.  The legislators don't deserve this extra pay and it's a stain on the government of Mississippi.  The legislature should abolish SLRP and be treated the same as the other state employees who do know something about work and sacrifice.  The only SLRPing the legislature should do is at Tico's.  SLRP needs to go.

Legislators can opt out of SLRP.  Ask your legislator if he has and if not, why not?

 Earlier posts on SLRP
The _____ Still SLRP 
 The _____ are still SLRPing away
Still SLRPing
Legislators still SLRPing at the trough
WLBT covers SLRP last night
SLRP now has over $13 million
SLRP fund has over $11 million
WLBT covers SLRP
When do we stop the legislature from double-dipping?
SLRP: Supplemental Legislative Retirement Plan or Pigs SLRPing at a trough?


42 comments:

Anonymous said...

"Bobby Moak" Enough said!!!!!!!!

Anonymous said...

Haters gonna hate... Why don't you run for the legislature so you can benefit from such a fund?

Anonymous said...

Let them eat cake

Anonymous said...

How is the average salary $39,000 when legislative pay is only $10,000 a year. What am I missing?

Anonymous said...

This is one of the main reasons why legislators (both state & federal) are loathed by so many people. Frankly, I wouldn't piss on any of them if they were on fire.

Anonymous said...

SLRP is the mother of all hypocrisy - sunset it, pay the liability out and move on. This could be a success story for the legislature - especially democrats who are always complaining about "level" playing fields.

But I imagine the pigs at the SLRP trough won't give up a benefit they created for themselves by making excuses about all the sacrifices they make in service of the state. The legislature is made up of a bunch of scam artists who would be under investigation if a regular state employee did some of the shit they did...remember the fairgrounds/travel trailer scam?

Anonymous said...

Base salary of $10,000 for in-session work

$1,500 per month out-of-session ($13,500 most years)

$140 “per diem” for each day they spend in Jackson (including those who live in or near it)

Reimbursed for mileage at 54 cents a mile (except those in Hinds County)

All members allowed four days a month at the Capitol

Chairmen allowed six days, vice chairmen five days

Extra days must be approved

Anonymous said...

Hey, Pimpin' ain't easy!

Anonymous said...

Vote them out!

Anonymous said...

Obama and them liberals in the federal government always throwing away our tax dollars. Oh wait, this is state government ran by fiscal conservatives? Oh well...

Anonymous said...

Next thing you know, collusion between the capital and local city/county governments will begin. Oh wait. The State Ethics Committee has already allowed such unethical behavior to become the norm.

Anonymous said...

9:47 YESSSS !!! I would just watch too.

Anonymous said...

The Republicans scream and holler when the Democrats screw their people.
The Democrats scream and holler when the Republicans screw their people.
They are very quiet when they gang rape.

Anonymous said...

July 31, 2018 at 11:07 AM = Clueless

Anonymous said...

@ 10:22 - I bet no legislator would have the balls or integrity to introduce the bill to eliminate SLRP. They all talk a good game at the fair and on the campaign trail, but always seem to fall short on actually getting things done.

Hey legislators, I dare just ONE of you to introduce a bill that eliminates SLRP, let's see who really has the public's interest in mind. Come on --- let's see what you're made of!

Cynical Sam said...

Money is the mother's milk of politic$.

Anonymous said...

Are they automatically eligible or must they serve a certain number of years? Because us regular folk are on the 30 year plan.

Anonymous said...

Unbeknownst to me, I am a robot.

Anonymous said...

I say put them all, state and federal on Social Security retirement like all the rest of us. They are supposed to be public servants, not public rapists!

Anonymous said...

Thank goodness our state is controlled by conservative fiscally-minded Republicans. Otherwise, those liberal spend-it-all Democrats would be wanting things like a frontage road from their neighborhood to the shopping center. Whew!

Anonymous said...

10:36.....are you saying all of that counts towards PERS? If so, unbelievable

Anonymous said...

Any benefit goes to certain people but not to others. I've never been on food stamps, Medicaid, etc., but others have. Yet I still pay for it. I also have never been a recipient of the huge tax dodges that are legally available to some big businesses or rich individuals. But those tax dodges still exist for some.

I look at the additional legislative retirement in this context. I get no more alarmed about it than I do about the other many things that need to be cut or eliminated, or at least reformed.

Anonymous said...

@2:15pm Your apathy is noted, and a primary example in Mississippi as to why no one seems to know where the money's going. You're attitude? "Who cares?"

Anonymous said...

Legislators are allowed to count their per diem as part of their salary as a base
which jacks up their retirement benefits. As a former state employee required to
travel most weeks and at times for extended periods, my retirement would 50%
higher if my per diem counted towards my retirement. But ad you previously
stated, I was just a state employee.

Anonymous said...

Drain the Swamp.

Anonymous said...

Legislators pay breakdown is as follows:
$10,000 per session
$ 1,000 per month out of session

Every Legislator gets 4 days a month to come to Jackson
Every Chairman gets 6 days a month
Every Vice-Chairman 5 days a month

When they come to Jacckson, iit is calculated as this;
$172.00 substance(meals & travel)
$40.00 per diem.
Mileage @.54 or Federal rare

They borrowed the money to set the fund from Treasury's Abandoned Propert fund.
They usually borrow from this fund to balance the budget - they have not returned any money at all!

Anonymous said...

MMGA and drain that swamp.

Anonymous said...

Thank goodness our state is controlled by conservative fiscally-minded Republicans.

"[C]onservative fiscally-minded Republicans" were not the controlling party who enacted SLRP.

Anonymous said...

I like what 9:47 said....it’s actually one of my favorite things to say. Now, I think politicians are scum

Anonymous said...

Every time i bring up issues such as this, the politicians ALWAYS say that they agree it is not right BUT is was like that when he/she took office. Makes sense to me!

Anonymous said...

I did not read all the posts saying the same thing, so this may been covered. About fifteen years ago there was a bill (almost made it) that would have increased SLRP again. I called my representative (Rita Martinson) about it and asked why she had voted for it. She said she didn't realize what it was and had not read it but voted for it anyway. I don't know if she had a straight face since we were on the phone.

Following my letter to the editor and others, the bill failed. These scoundrels are thieves of the highest order. Period.

I would not be surprised to see some of them using the 'Bennie Thompson Housing Model' to sponsor a bill that would provide RV campers to legislators at taxpayer expense....that would be the personal property of the thieves.

Anonymous said...

Tater and Gunn should be able to fix this, don't they have super majorities in both houses?

Anonymous said...

Let’s be Honest , They cant make it in the Real
World of Ethical Work. They Must Cheat , Steal
And Lie to Get By. Corruption is Rampant.
Leaderships Classes Hell For The Mayor , Try
Ethics and Integrity. They can use The JPS schools
Finally for Something Needed. Run out of room,,,
Set up a Flat Screen in The Zoo.
Everyone is on the Dole. Legal Extortion Water
Dept......to
Quiet Warchest for the Arrogant Intellectuals in
Office that should protect and serve us All.
More Consultant studies than Kenneth Stokes
Grandstanding Ward TV commercials.
Jackson Needs Prayer. It’s slowly Collapsing
From within. May The Good Lord bring
Revival Soon. What happened to The College
Tuition College Plan. Fitch is leaving B 4 She
Gets exposed for not paying attention to
Hard Working Folks College $ For Their Kids.
No Accountability No Guts No Ms. Soon.
Audits would have caught the Stinch Earlier.
Who is paying them to Lie.
It’s A Shame We can Only Put in Office a
Bunch Undereducated Disrespectful Dumb
Asses. Will we ever be Able To Re Build
Our Once Great City ...

Anonymous said...

proving once again that the only growth industry in this stinking third world banana republic backwater called the republic(AN) 0f mississippi is government..........












0























9


Anonymous said...

9:36, this was a post about state officials, you realize that right? How drunk are you?

Anonymous said...

The nation’s economy is booming and Mississippi’s economy still sucks. Graduates from our universities are leaving the state in droves. A dysfunctional government, corruption, trrrible schools and a plantation mentality are killing us. Oh, and the confederate flag.

Anonymous said...

@9:32am Yes, Mississippi is the musty basement of the nation where no one wants to live unless they have no choice. Where's that flagship school leading the way? Keeping as many in that basement as possible. Charlie Mitchell wrote a pretty good article today about how there was no collusion with Reeves "Roadgate". Everyone's "guilty but not guilty", etc. The real story about the state "officials" (LOL) in Mississippi government is this very culture. Wink, nod, smile. Don't say anything, it'll blow over. JUST KEEP YOUR MOUTH SHUT or you will be blackballed from the inner circle of power politics. It's the Mississippi Way, always has been on a select few rise.....no different that after the Civil War ended....but it never did end in Mississippi. There must be a ruling class who economically owns others. In other words, for most state employees, stay quiet or lose your job.

Anonymous said...

"In other words, for most state employees, stay quiet or lose your job."

There's some truth to that....but nearly as true as employment in County government where your job retention is dependent on pleasing three supervisors and you can be whacked tomorrow morning just for opening your mouth.

Anonymous said...

For the fellow who suggested, "Put them all on social security retirement like the rest of us...". Whose fault is it that you have no retirement program other than social security. I don't bemoan legislators or anybody else having a legitimate retirement program as a reward for legitimate work having been done over decades.

However, what I do mind is the legislature increasing their own retirement and carving themselves out of the normal plan and in effect giving themselves a plum program. That should have been criminal.

My memory takes it all the way back to Charlie Capps from Bolivar County and a gang of hoodlums who were in charge back then. And the night it passed, Tico's and Crechale's had to bring in additional wait-staff.

Nobody has the balls to touch it now or ever.

Anonymous said...

Well....Ticos might not have been in existence then, but you get the idea. Change that to Dennery's.

Anonymous said...

I don't know why this comes as a shock to any of you. Bless your hearts, it would do you some good to learn that the majority of career politicians here in the 'sip are self serving opportunists who are full of shit and are not truly concerned with the welfare of the general public in which "they serve" unless it's campaign season... and those who say they are not like "most politicians" are selling you shit in a gussied-up handbasket, on a Sunday. So, "stay woke" my friends.

With that being said, maybe these government fat cats who rarely show up for attendance during session need to take their "hard earned" 17.2 million and split it among the teachers, firefighters and police officers who are working 2-3 part time jobs to make ends meet or buy school supplies for the less fortunate children in their classrooms. Who is going to lead the charge? C'mon boys, election season is upon us! Be the change.

*crickets*

Anonymous said...

Will next session be the year the dress code in the senate and house changes from coat and tie to those barber-shop shirts Bennie Thompson wears. Pastels with those neat ruffles down the front. I lost a bet by predicting it would be last year. So, I'm going with 2019. You can think and work better if you're not wiggling around with an uncomfortable tie.

The rest of my prediction is this: Willie Simmons will be the first and Bomgar will be the last to convert.

I'm still not sure about the beige, silk trou, though. They may still hold that until Delta Council Day. And socks...socks have to go!

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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


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Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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