[Vision2020] Good Economic News

Tom Trail ttrail at moscow.com
Fri Dec 11 06:51:06 PST 2009


One has to look hard for good economic news in Idaho these days.  I just
talked to Don Drum, the Executive Director of PERSI--Idaho Public Employees
Retirement Fund.  The information he shared with me is current as of today.

The PERSI Fund  stands at $10.5 billion which is ahead of the total when
the market dropped.  From July 1, 2009 the Fund has a return of $15.8%
which is the best return in PERSI history.

PERSI retirees will receive a 1% COLA which will be effective March 1st.
Employers have been expecting a contribution rate increase for the
coming year, but Don told me that the Fund is performing so well that
there will probably be no increase at all.

That's my one good glimmer of good news.

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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