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PERSI reports recovery, requests software upgrade funding and staff positions
Summary
The Public Employee Retirement System of Idaho briefed the committee on fund performance, continued pension software upgrades and staffing requests to expand member services and investment staff retention measures.
The Public Employee Retirement System of Idaho (PERSI) told the Joint Finance-Appropriations Committee on Tuesday that the pension fund posted continued recovery from recent market corrections and seeks funding for ongoing software upgrades and staffing to expand member services.
Frances Lippert, a budget and policy analyst with the Legislative Services Office, reviewed PERSI’s structure, funding and recent appropriations. Lippert said PERSI administers defined-benefit and defined-contribution plans, oversees the unused sick leave fund, and is managed by a five-member retirement board. She said PERSI had 81 authorized full-time positions across multiple…
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