Tag Archives: PERSI

State retirement system also serves as bank, holding millions in business loans

Besides facilitating a pension system for many state and local workers, the Public Employee Retirement System of Idaho (PERSI) is also serving as a commercial lending institution and holds nearly $600 million in business loans. Information provided by PERSI to … Continue reading

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Closer look reveals all Treasure Valley lawmakers benefit extra from per diem money

Earlier this week, the Associated Press reported that two Canyon County state senators received improper per diem payments during the 2011 legislative session, causing each to receive about $6,000 in extra cash, money which is also counted toward their public pensions. As … Continue reading

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Public retirement program rate hike could cost Idaho governments $24 million if implemented

In coming months, members of the oversight board for the Public Employee Retirement System of Idaho (PERSI) are likely to make a decision that could force the state and local governments to shell out as much as $24 million more … Continue reading

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Retiring IEA president to receive spiked public pension

IdahoReporter.com has reported on several state lawmakers spiking their pensions by taking high-paying state jobs after lengthy careers in the state Legislature, but it turns out they are not the only ones doing it. After six years as president of the … Continue reading

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State retirement system wins recognition from national group

Even though the state retirement account is still not fully-funded, the agency that administers it, the Public Employee Retirement System of Idaho (PERSI), is celebrating a good fiscal year following several devastating ones. It looks like others outside the Gem … Continue reading

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Employee bonuses, retirement spiking addressed by governor

At a time when the state is struggling with budget challenges and funding decisions for state agencies, bonuses paid to some state employees and retirement spiking have drawn the ire of many and praise from few. Creating the most interest … Continue reading

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PERSI leaders fine with current pension plan

Leaders of the Public Retirement System of Idaho (PERSI) say they aren’t favoring a change in the style of pension plan the state pays its retired workers. At least one lawmaker is considering changing from Idaho’s defined benefit plan. “I … Continue reading

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Breakdown shows majority of retirement payments go to smaller pensions

IdahoReporter.com reported on May 24 that the top 100 earners in the Public Employee Retirement System of Idaho (PERSI) take in more than $8.2 million annually, for an average of $82,000 per year. A further breakdown of the pension data … Continue reading

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Otter’s drug czar to retire with bigger pension thanks to time in Idaho House

Gov. Butch Otter announced last week that Debbie Field would be leaving as the head of the Office of Drug Policy (ODP), more than four years after taking the post in January of 2007. She will be going out with a … Continue reading

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Should Idaho state pension recipients’ names and payouts be a matter of public record?

In a preliminary opinion issued Tuesday, Montana Attorney General Steve Bullock said that the public has the right to the know names of public pension recipients and their associated monthly payment amounts. The opinion stems from a dispute involving MontanaWatchdog.org, … Continue reading

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