There has been some national news lately pertinent to the ongoing crisis with Mississippi’s public employees’ retirement system (PERS).

This Tax Foundation article contains a map showing funding levels for all states. It lists Mississippi’s funding level as 62%, which ranks 40th nationally. Kentucky is last with a funding level of 34%. You can read

This post looks at PERS’ investment allocation. The chart below lists PERS’ target allocation for each asset class, return, and the allocations four years ago and today.

Asset class

Target allocation

1 year return

10 year return

12/31/14

allocation

12/31/18

allocation

U.S. equities

27%

-5.68%

13.2%

35.80%

25.51%

Foreign equities

22%

-7.38%

7.25%

21.51%

20.67%