Funded Ratio57.4%
Unfunded Liability$25.5B
Assets (AVA)$35.5B
Active : Retiree1.26 : 1Declining
Annual Benefits$3.5B
Contribution Gap~$450M/yrFCR vs ADEC
Scenario Selection
7.00%
Affects all scenariosStatutory
$0M/yr
Starting 2027 (1-year implementation)$0M/yr
Current earmark expires ~2029$0M
$0M/yr
Reduces long-term liability growth starting ~2030
Funded Ratio Projection (2005 – 2065)
Year Reaching 80%Beyond 2065
Year Reaching 100%Beyond 2065
Funded Ratio in 203554.4%
Funded Ratio in 204553.4%
40-Year Supplemental Cost$0
Improvement vs. Status QuoBaseline
Scenario Comparison
| Metric | Status Quo | House Plan | Senate Plan | Full ADEC | Custom |
|---|---|---|---|---|---|
| Employer Rate | Statutory (→19.90%) | Statutory (→19.90%) | Statutory (→19.90%) | 25.9% | Statutory (→19.90%) |
| Sports Betting/yr | $0M | $50M | $0M | $0M | $0M |
| Lottery Diversion/yr | $0M | $0M | $0M | $0M | $0M |
| Lump Sum | $0 | $600M (2027) | $500M (2026) | $0 | $0 |
| Recurring Supplement | $0 | $0 | $50M/yr (2026–2035) | $0 | $0 |
| Funded Ratio 2035 | 54.4% | 56.2% | 56.1% | 62.5% | 54.4% |
| Funded Ratio 2045 | 53.4% | 56.4% | 55.8% | 71.7% | 53.4% |
| Year Reaching 80% | 2065+ | 2065+ | 2065+ | 2051 | 2065+ |
| Year Reaching 100% | 2065+ | 2065+ | 2065+ | 2062 | 2065+ |
| 40-Year Suppl. Cost | $0 | $2.5B | $1.0B | $0 | $0 |
Assets vs. Liabilities (5-Year Intervals)
Cash Flow Breakdown
Comparable States Context
Source: Pew Charitable Trusts “The State Pension Funding Gap: 2023” and individual state CAFRs. Approximate figures for comparison.
| State | Funded Ratio | UAAL | Active:Retiree | Notes |
|---|---|---|---|---|
| Mississippi | 57.4% | $25.5B | 1.2:1 | |
| Louisiana (LASERS) | ~63% | ~$7.5B | 1.3:1 | Similar Southern state |
| Alabama (ERS) | ~67% | ~$6.2B | 1.5:1 | Neighbor |
| Tennessee (TCRS) | ~96% | ~$1.3B | 1.8:1 | Well-funded neighbor |
| Kentucky (KERS) | ~26% | ~$14B | 0.7:1 | Cautionary tale |
| South Carolina (SCRS) | ~58% | ~$24B | 1.2:1 | Similar position |
Disclaimer:This is a simplified projection model built for policy scenario comparison purposes only. It is not an actuarial valuation and should not be used as a substitute for professional actuarial analysis. Actual results will differ based on investment performance, demographic experience, legislative changes, and other factors. All data is sourced from publicly available documents published by the Public Employees' Retirement System of Mississippi, the Mississippi Legislature, and independent research organizations.
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