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PERSI reports strong returns and a near‑90% funded ratio, requests final year for pension software upgrade
Summary
PERSI Director Mike Hampton told the committee the trust returned 10.76% for the year, reported a fund balance above $24.1 billion and a funded ratio around 90%, and requested $2 million to finish a multi‑year pension software upgrade while noting higher ongoing maintenance costs after the upgrade.
Mike Hampton, director of the Public Employee Retirement System of Idaho (PERSI), told the Joint Finance‑Appropriations Committee that PERSI had a strong investment year, remains well funded, and is seeking the final year of funding to complete a planned pension software upgrade.
Hampton said net investment returns for the fiscal year ended June 30, 2025, were 10.76% and that the fund balance exceeded $24.1 billion with a funded ratio "right around 90%," placing PERSI among the better‑funded public retirement…
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