Idaho’s public employee retirement system has been deluged by calls, email and visits from worried state retirees who are concerned that it’s going to be eliminated or cut back, but PERSI Director Don Drum said there’s no truth to the rumors driving those concerns. “I think it’s being driven by national media coverage,” Drum told lawmakers. “There are many funds out there that are in trouble.” But Idaho’s isn’t, he said.
When he’s heard rumors that some Idaho legislator is working on legislation to change or eliminate PERSI, Drum said he’s tried to track them down and found them all false. “I have not found any legislator who is working on any changes to PERSI,” Drum said. “I’ve talked with the governor, the governor is not working on any changes to PERSI. That’s the message I’m trying to get out.”
He added, “I’m not aware of anyone who is working on any changes to PERSI, and the fund is recovering well. … Time is on our side.”