The group includes business people, elected officials and financial experts and will be led by Republican Mayor George Schloegel (SHLAY-gull) of Gulfport. It will make recommendations to Barbour and the Legislature by Nov. 15.
Barbour says in a news release Tuesday that the commission will look for ways to improve Mississippi PERS' financial management and investment structure. Among other things, it will examine what portion of the system is funded by taxpayers and what portion is funded by government workers' contributions toward their own retirement.
Barbour says the commission also will examine legality of changing retirement benefits for current and future state employees.