Eye On Boise

WEDNESDAY, DEC. 1, 2010, 1:27 P.M.

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

Jody Olson, head of the board of the Public Employee Retirement System of Idaho, addresses the Associated Taxpayers of Idaho conference Wednesday in Boise. He said PERSI is now 86 percent funded, which is considered
Jody Olson, head of the board of the Public Employee Retirement System of Idaho, addresses the Associated Taxpayers of Idaho conference Wednesday in Boise. He said PERSI is now 86 percent funded, which is considered "excellent." (Betsy Russell)

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."




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Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

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