PERSI is now 86% funded, beats 80% standard that’s considered ‘excellent’

Jody Olson, chairman of the PERSI board, told the Associated Taxpayers of Idaho, “PERSI is not like Social Security, and it’s not going broke. … It is sustainable for the future.” For a public employee retirement system to be 80 percent funded is considered “excellent,” Olson said. “Ours is now, as of yesterday, 86 percent funded. … We’re pretty bullish on the future.”