Category Archives: Public Pensions
Research says public sector pay, benefits better than what is available in private sector
New research compiled by economists David Macpherson (Trinity University) and William Even (Miami University) shows that after accounting for variations in the makeup of the workforce, public employees nationwide and in Idaho enjoy a pay and benefit package that noticeably … Continue reading
Report: Public pension liabilities represent single largest portion of Idaho debt
Idaho’s unfunded public pension liabilities constitute the vast majority of state debt, according to a new report by State Budget Solutions, a nonpartisan research group that studies fiscal reforms. The report examines data for all 50 states, and uses pension … Continue reading
PERSI returns for 2012 fiscal year significantly lower than average
The Public Retirement System of Idaho (PERSI) reported a 1.62 percent return on its investments for the 2012 fiscal year, which ended on June 30. This represents a sharp drop from the 20.7 percent returns that PERSI reported for fiscal … Continue reading
Public pension accounting methods may overvalue fund assets, says analyst
As state-based public pensions throughout the country face record funding gaps, the Public Retirement System of Idaho (PERSI) is doing comparatively well, with officials reporting a 90.2 percent funded level in 2011, up significantly from the 79 percent level it … Continue reading
Despite funding recovery, Idaho public pension system still has a deficit
Idaho’s public pension system faced a $3 billion gap between funding and benefits in 2010, the most recent year for which comprehensive data was available nationwide, according to a new study by the Pew Center on the States, a nonpartisan … Continue reading