PERSI reports 87% funded ratio, seeks continued IT and administrative support
The Public Employee Retirement System of Idaho (PERSI) briefed the Joint Finance-Appropriations Committee on pension fund operations, a multi-year pension-software upgrade and staffing additions; the system reported an approximate 87% funded ratio and a 10.7-year amortization period.
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PERSI (the Public Employee Retirement System of Idaho) told the Joint Finance-Appropriations Committee it ended the most recent fiscal year with an approximate funded ratio of 87% and is requesting continued support for a multi-year pension software upgrade and limited ongoing administrative enhancements.
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