Posts tagged: pensions
Debate over whether Idaho state judges should keep retirement benefits that are about twice as generous as those of other state workers, a situation that’s helped open a funding gap, has kept legislators and court officials at the negotiating table since January. Judges say robust packages for Idaho Supreme Court justices, appellate court and district court judges are essential because experienced lawyers with high-paying private practices would be less likely to consider switching to public service if they were offered less-lucrative benefits like those most other state employees get as part of the Public Retirement System of Idaho, or PERSI. But with the Judges Retirement Fund showing an unfunded liability of $14 million, or $1.3 million annually shy of covering payouts over 25 years, legislators say changes are a must/John Miller, AP. More here.
Question: Do you have a pension plan at your workplace?