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Eye On Boise PERSI archive

FRIDAY, JAN. 19, 2018

MONDAY, FEB. 20, 2017

WEDNESDAY, FEB. 15, 2017

THURSDAY, FEB. 9, 2017

FRIDAY, JAN. 20, 2017

Of budget rules and portfolio managers... 

There’s a bit of a tiff between the PERSI board and the Otter Administration, regarding a $100,000 fund transfer request in the PERSI budget for next year. No state general tax funds would be involved; it’s a transfer between PERSI funds that come from fees...

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THURSDAY, AUG. 18, 2016

MONDAY, JUNE 20, 2016

WEDNESDAY, JUNE 1, 2016

TUESDAY, OCT. 14, 2014

TUESDAY, SEPT. 16, 2014

THURSDAY, OCT. 3, 2013

FRIDAY, MAY 6, 2011

PERSI has seen 65% gain since 2009 

The Public Employee Retirement System of Idaho has announced that it's now 91.7 percent funded, as of April 29, up from 78.9 percent at the end of the last fiscal year, June 30, 2010; the preferred standard for such plans is to be at least...

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TUESDAY, DEC. 7, 2010

PERSI to postpone rate increase 

PERSI, the Public Employee Retirement System of Idaho, will postpone its contribution rate increase that had been scheduled for next July 1, based on the system's current strong funding position and the impact an increase would have on the budgets of public employers and employees...

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THURSDAY, DEC. 2, 2010

PERSI may forego rate hike

Here's a news item from the Associated Press: BOISE, Idaho (AP) — Government workers and teachers may avoid a planned increase in their pension contributions that could cost them hundreds of dollars after a key lawmaker asked the board overseeing their $10 billion retirement account...

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WEDNESDAY, DEC. 1, 2010

MONDAY, NOV. 15, 2010

Rumors of PERSI demise all false 

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...

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MONDAY, JULY 12, 2010

PERSI fund shows $1 billion gain

Idaho's public employee retirement fund gained a billion dollars on its investments in the past year, and fund officials say it's healthy, despite a $2.8 billion unfunded liability over the long term. "We've just made a good rebound," said Patrice Perow, Public Employee Retirement System...

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MONDAY, NOV. 23, 2009

Why Idaho passed its no-severance law... 

There's nothing in the record that shows why lawmakers passed legislation in 1993, with only one dissenting vote in either house, to ban severance payments to state employees who leave voluntarily. There was little discussion in committee, where the bill passed near-unanimously. But a look...

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The legal ins and outs 

Two state laws are at play in the issue of recent state purchases of PERSI service for certain retiring employees: 67-5342, which bans any severance pay to a state employee who leaves voluntarily, and 59-1363, which covers purchases of additional membership service by a PERSI...

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SATURDAY, NOV. 21, 2009

Retirement boosts raise questions 

Idaho state agencies have spent more than $125,000 in the past six months to boost the retirement accounts of three departing employees, including one agency director - though Idaho state law bans all severance payments to state employees who leave voluntarily. Gov. Butch Otter's administration...

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Eye On Boise

News, happenings and more from the Idaho Legislature and the state capital.