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PERSI Contribution Rate Increase to Take Effect July 1, 2019

Posted By Justin Ruen, Thursday, December 13, 2018

The Board of Directors of the Public Employee Retirement System of Idaho (PERSI) decided to move forward with the planned contribution rate increase that will take effect July 1, 2019.  

"After reaching all-time highs at the end of August, the capital markets have seen significant volatility and drops during October," PERSI noted in a recent press release.  "The current forecast for the capital markets is a continuation of occasional volatility and general sideways movement for the immediate future."

The Board "determined that it would be in the best interest of the fund to allow the rate increase to go into effect."

The current and new contribution rates are shown below for public safety and general members.

 

 

Current Rate

New Rate July 1, 2019

Fire & Police Members

Employer Rate

11.66%

12.28%

Employee Rate

8.36%

8.81%

Total Rate

20.02%

21.09%

General Members

Employer Rate

11.32%

11.94%

Employee Rate

6.79%

7.16%

Total Rate

18.11%

19.10%

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