[Vision2020] Fwd: PERSI--good news

[Tom Trail]

>Visionaires:


>I talked with Alan Winkel, PERSI Director, this morning.  Here are
>some highlites.
>
>
>  .  Retirees will receive a 3.80% COLA on March 1st
>
>  .  12.4 % is the return on the PERSI portfolio for the past fiscal year
>
>  .  The total portfolio exceeds 10 billion dollars
>
>  .  The contribution rates for employers and employees will remain the
>     same for the coming fiscal year.  An increase had been contemplated
>     for 07 and 08 and those are on hold.  Should be good economic news
>     for school districts and employees.
>
>The PERSI Board will be meeting later this month to finalize these
>decision and make things official, but Alan indicated it was pretty
>much a done deal.
>
>Rep. Tom Trail
>--
>


-- 
Dr. Tom Trail
International Trails
1375 Mt. View Rd.
Moscow, Id. 83843
Tel:  (208) 882-6077
Fax:  (208) 882-0896
e mail ttrail at moscow.com
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