Monday, May 20 2013 7:22 PM EDT2013-05-20 23:22:22 GMT
NOTE: Photos and videos will be added to this story later in the evening. The Walthall County Sheriffs Department along with The Humane Society of the United States are in the process of raiding a puppyMore >>
Among the dogs, many are dead, and skeletal remains are mixed with living animals in small, dark, filthy enclosures.More >>
Monday, May 13 2013 12:24 PM EDT2013-05-13 16:24:04 GMT
MARION COUNTY, MS (WDAM) - A weekend-long drug raid left 22 individuals behind bars, and more arrests to come. According to Marion County Sheriff Berkley Hall, the drug raid is the result of severalMore >>
A weekend-long drug raid left 22 individuals behind bars, and more arrests to come.More >>
Monday, May 20 2013 11:57 AM EDT2013-05-20 15:57:46 GMT
Police say a train derailed near a crossing south of Highway 90 on Industrial Road in east Pascagoula this morning. According to Pascagoula Police Lt. James DeShannon Massey, motorists are asked to avoidMore >>
Police say a train derailed near a crossing south of Highway 90 on Industrial Road in east Pascagoula this morning.More >>
Monday, May 20 2013 12:19 PM EDT2013-05-20 16:19:41 GMT
On Saturday, the George County Sheriff's Department arrested a man wanted for failure to pay thousands in child support. According to George County Sheriff Dean Howell, James Decker III, 32, of GeorgeMore >>
On Saturday, the George County Sheriff's Department arrested a man wanted for failure to pay thousands in child support.More >>
Sunday, May 19 2013 11:35 PM EDT2013-05-20 03:35:23 GMT
COLUMBUS, MS (AP) - Authorities have resumed the search for two young brothers who were passengers in an all-terrain vehicle that overturned in a Mississippi creek. Columbus Fire Chief Kenneth MooreMore >>
Authorities have recovered the body of a 6-year-old boy who apparently drowned after an all-terrain vehicle overturned in a Mississippi creek, while the search for his brother continued.
State Treasurer Lynn Fitch spoke about the recently audited MPACT program Friday during a press conference. Mississippi's prepaid affordable college tuition program is not allowing anyone to enroll at this time.
There is a possibility MPACT, the program designed to help Mississippi children continue their education through college, could be closing. Fitch said it was necessary to see how sustainable the program really is, therefore an audit was granted. Now, results are in showing 12 areas of concern.
"Nine of them have to do with pricing. And I will just tell you that our current rate of assumption is 7.8 percent. I've told you historically we've only made 4.8% over the like of this fund. Are actuary has been 7.8 percent. College tuition has continued to rise and we have a tremendous gap," Lynn Fitch said.
A gap of $94 million, Fitch said. And that's why she believes it's critical to continue looking at the viability of this fund.
"They talk about in these 12 concerns, the annual investment return experience is expected to be very volatile. That will cause a problem as we go into the additional participation periods as we look at pricing and ultimate solutions," Fitch said.
From here, phase two of the audit will be performed. It will take 90 to 120 days to complete. Fitch said from there recommendations and solutions will be given to determine if MPACT should close. So, what about the 22,000 already participating in the program?
"If you are an investor in that program you're in a very good position. Certainly it's backed by the full faith and the credit. So their participation and those children will receive those dollars and their education they paid for or are paying for. So, it's well protected. It's a great investment," Fitch said.
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