Tag Archives: PERSI
Nampa School District eliminates custodians who receive PERSI benefits
ISP spokesperson says the agency is working on issues surrounding a Supreme Court decision regarding non-consensual blood alcohol tests. As a partial solution in managing approximately $5 million in debt, the trustees of the Nampa School District have begun eliminating … Continue reading
PERSI approves cost of living adjustment and member/employer rate increase
At its December meeting, PERSI announced a cost of living increase and a boost in the contribution rates paid by employees and employers into the state retirement fund. At its December meeting, the Public Employees Retirement System of Idaho (PERSI) … Continue reading
Speaker Denney blocks pension-spiking bill; issue likely dead for this session
A few weeks ago, Idaho House Speaker Lawerence Denney, R-Midvale, blocked a bill to end legislative pension-spiking by former lawmakers. The bill, brought by Rep. Dennis Lake, R-Blackfoot, would have essentially prevented legislators spiking their taxpayer-funded pensions by taking high-paying … Continue reading
Legislator says judicial pension reform now a bargaining chip in legislative standoff
The legislative session is waning and several bills are being held hostage by Senate and House leadership as compromise is sought on a few small issues. That standoff could derail a few bills, including one to bring the state’s judicial … Continue reading
House panel delays bill to end legislative pension-spiking
The House State Affairs Committee voted 14-5 to hold a bill that would end a practice that allows lawmakers to spike their public pensions by taking high-paying jobs after service in the Idaho Statehouse. The bill, brought by Rep. Dennis … Continue reading
House panel approves bill to exclude per diem from retirement calculations
Rep. Dennis Lake, R-Blackfoot, told IdahoReporter.com last week he thought his bill to exclude per diem payments from retirement calculation would “sail through” the Statehouse. He might be right. In short order Tuesday, the House Commerce and Human Resources Committee … Continue reading
Lake again brings bill to end legislative pension-spiking
As he did during the 2011 legislative session, Rep. Dennis Lake, R-Blackfoot, has brought a bill to end legislative pension-spiking, a practice that costs taxpayers thousands of dollars each year. Lake introduced the bill late in the 2011 session, but … Continue reading
House panel votes to introduce bill to exclude per diem payments from retirement formula (video)
On Wednesday, members of the House Commerce and Human Resources Committee unanimously approved introducing a bill to exclude per diem payments from retirement calculations. The bill’s sponsor, Rep. Dennis Lake, R-Blackfoot, says the measure will create pension equity among state … Continue reading
State retirement board delays pension cost hike for second straight year
For the second year in a row, the Public Employee Retirement System of Idaho (PERSI) oversight board voted to delay an increase in the cost of employee pensions, a move saving governments millions of dollars in the next year. At … Continue reading
Retirement system down $613 million for the year, but pensioners get living increase
After experiencing one of its most profitable years on record, the state retirement system is experiencing more volatility and hardship in fiscal year 2012. Even with the trouble in the retirement system, public pensioners were given a 1 percent cost-of-living … Continue reading