By Treasurer David McRae In the recently passed omnibus spending bill, Congress made some positive changes to the ABLE Act and to 529 education savings plans. Prior to 2014, Americans with disabilities were extremely limited in the ability to save and invest for the future. In fact, just $2,000 in savings could disqualify someone from receiving other essential benefits and … Read More

By Treasurer David McRae I want to wish everyone a very happy new year! Before we look forward to 2023 and beyond (which I’ll do in just a moment), I want to look back at the year that was because it was quite a year. Let me just run through a couple metrics for you. Since I assumed office in … Read More

By Treasurer David McRae The holiday season for my family is about the simple things. It’s about family above all else. It’s focused on time together, reflecting on the past year and the things we are grateful to have achieved. In my role as State Treasurer, there are a few significant achievements in 2022 for which I am thankful. This … Read More

Jackson, MS – The State Treasury and Mississippi Department of Human Services (MDHS) have teamed up to return $1.7 million in unclaimed money to families with unpaid child support. The return was completed through a match of past-due child support cases with the Treasury’s database of unclaimed money. This project is the result of SB2319, legislation sponsored by Senators Walter … Read More

The Office of the State Treasurer will accept sealed bids until 3:30 PM (CST), January 24, 2023, for the purpose of purchasing the following: Administrative and Management Services for the Mississippi Prepaid Affordable College Tuition Plan and the Mississippi Affordable College Savings Plan, RFx 3120002611. Detailed specifications may be obtained by contacting Theresa Abadie, Director of Administration, at 601.359.2523 , … Read More

By Treasurer David McRae Christmas is just about two weeks away, and many families are preparing to gather together for the holiday. Especially in today’s climate, it’s probably best to keep politics out of any table conversation, but what about money? Well, there might actually be a few good reasons to break that taboo. As conversations around money and politics … Read More

By Treasurer David McRae My kids have been assembling their Christmas lists for months now – race cars, art supplies, and (I’m afraid to say) makeup for my daughter top the list. But between grandparents, aunts and uncles, and friends, I’m sure even their lengthy lists will become exhausted soon enough. So, for those looking for an off-the-list, outside-the-box holiday … Read More

Jackson, MS – Treasurer David McRae today issued a letter to the Public Employees’ Retirement System of Mississippi (PERS) Board Members, urging the officers to reject Environmental, Social, and Governance (ESG) policies. “Our job is to maximize financial returns for the more than 18,000 members of PERS,” wrote McRae. “I have grown deeply concerned that the actions of New York … Read More

I’ve talked a lot recently about the impact of Environmental, Social, and Governance (ESG) standards on Mississippi’s investments, citizens’ college savings accounts, and the state’s pension system. But the truth is that the effects of these politically correct metrics won’t stop at the state government’s doorstep. This March, the U.S. Securities and Exchange Commission (SEC) proposed new ESG-related standards that … Read More