[Vision2020] PERSI Update (102008)

[Tom Hansen]

For those of you interested in the economic situation as it concerns 
PERSI, the following information was forwarded indirectly from Alan Winkle 
(Executive Director, Public Employees Retirement System of Idaho) 
concerning PERSI.

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The Total Asset Value is $8,737,716,352

The fiscal YTD change per Mellon: -19.87%

Probably the larger issue for us would be our liquidity.  In other word - 
can we get to our investment is make payroll?  The answer, for us, is 
yes.  We have a separate manager that handles our cash investments and 
maintains a high degree of liquidity.  I think Bob (Bob Maynard, Director 
of PERSI Investments) said we have cash sufficient for several years of 
benefit payments. 

Sometimes there are questions about the COLA - which the Board will be 
considering at the November 4 meeting and, if necessary, the December 16 
meeting.  It will be a tough decision because of the markets since June 
30, 2008.  We'll see.

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Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho




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