PERS; require to engage CEFEX-certified and affiliated investment firm for fiduciary assessment of funds and practices.

SB 2556 requires Mississippi's Public Employees' Retirement System (PERS) Board to hire a CEFEX-certified investment firm with a certified analyst to review the system's investment practices and funds during 2025. The Board must submit the firm's report to all state legislators by January 30, 2026. This bill directly affects PERS, which manages retirement benefits for state employees, by mandating an external review of its investment oversight. It is procedural in nature, focusing solely on requiring this assessment without changing benefit formulas or funding levels. The bill references existing law (Section 25-11-119) but does not alter its provisions.