PERSI Retirement Board :. Public Employee Retirement System of Idaho

Members

Account Information Base Plan Choice 401(k) Plan Forms Publications Newsletters What To Do If

Retirees

Account Information Choice 401(k) Plan Forms Newsletters

Employers

Employer Portal Transmittals Forms Choice 401(k) Plan Newsletters

Brochures PERSI Brochures Choice 401(k) Plan

Online Services myPERSI Choice 401(k) Plan Employer Portal PETRA Insurance Vendors Unclaimed Funds Workshop Registration

Investments

Choice Plan Base Plan Reports

Education

Workshops Register Online

Download Adobe Acrobat Reader

Retirement Board

PERSI is directed by a five-member Retirement Board. Individuals on the Board are appointed by the Governor of the State of Idaho for terms lasting five years. These appointments are subject to Senate confirmation. State law requires that two members of the Board be active PERSI members with at least ten years of service and three members who are Idaho citizens not members of the system except by reason of having served on the board.
You may contact the Board via e-mail or postal mail:
E-mail address: Retirement Board
Postal address: PO Box 83720, Boise ID 83720-0078

Board Members and Terms

Member	Term Expires
Jody B. Olson, Chairman	July 1, 2012
Joy Fisher	July 1, 2014
Jeff Cilek	July 1, 2010
J. Kirk Sullivan	July 1, 2011
William "Bill" Deal	July 1, 2013

Fiduciary Duty of Loyalty

The primary duty of the Retirement Board and PERSI staff, as fiduciaries, is that of loyalty, or acting with an "eye single" to the interests of the members.

As trustees of the plan, the Retirement Board acts in a fiduciary capacity on behalf of the members of the fund and their beneficiaries. The Board is required to discharge its duties for the exclusive benefit of members of the fund, consistent with the governing provisions of the plan.

Board's Areas of Responsibility

Overseeing the fund's investment activities. This includes hiring investment managers and setting the asset allocation and funding policy.
Reviewing and adopting actuarial assumptions.
Overseeing PERSI's administrative activities. This includes approving PERSI's annual budget.
Approving proposed legislation.
Awarding Cost-of-Living-Adjustments (COLA) to Retiree Benefits, subject to amendment or rejection by the legislature.
Setting contribution rates.

The Retirement Board does not have the authority to approve changes to PERSI's benefit structure. The Board does have the authority to set contribution rates needed to fund the system. The Idaho Legislature, as Plan Sponsor of PERSI, is responsible for determining the system's benefit structure. They alone may pass legislation to change retirement benefits.

The Board may submit legislation to facilitate the administration of the plan, to clean up problems with existing statutes, or to enable better customer service.

The Board does not submit legislation affecting the plan's benefit structure. Interested constituent groups may propose legislation affecting the benefit structure.

PERSI's Board and staff will provide any information and technical support required for the legislature to vote on legislation. The Board would, however, as a part of its responsibility to the system's members, oppose any proposed legislation which would weaken the retirement system financially or structurally.

Board Meetings

Retirement Board meetings are generally held the fourth Tuesday of the month beginning at 8:30 am, at PERSI's Boise office, 607 North 8th Street. Generally, one meeting each year is held in another Idaho city. Meetings are open to PERSI members and the public. If you would like to attend a meeting, check the agenda on this website for the time and location.

2009 Board Meeting Schedule

Time	Location	Agenda/Minutes
January 20, 2009, 8:30 a.m	Boise PERSI Office	\|
February 24, 2009, 8:30 a.m	Boise PERSI Office	\|
March 31, 2009, 8:30 a.m	Boise PERSI Office	\|
April 28, 2009, 8:30 a.m	Boise PERSI Office	\|
June 2, 2009, 8:30 a.m	Boise PERSI Office	\|
June 23, 2009, 8:30 a.m	Boise PERSI Office	\|
July 28, 2009, 8:30 a.m	Boise PERSI Office	\|
August 25, 2009, 8:30 a.m	Boise PERSI Office	\|
September 22, 2009, 8:30 a.m	Boise PERSI Office	\|
October 27, 2009, 8:30 a.m	Boise PERSI Office	\|
December 8, 2009, 8:30 a.m	Boise PERSI Office	\|

2008 Board Meeting Schedule

Time	Location	Agenda/Minutes
January 22, 2008, 8:30 a.m	Boise PERSI Office	\|
February 26, 2008, 8:30 a.m	Boise PERSI Office	\|
March 25, 2008, 8:30 a.m	Boise PERSI Office	\|
April 22, 2008, 8:30 a.m	Boise PERSI Office	\|
May 27, 2008, 8:30 a.m	Boise PERSI Office	\|
Investment Manager Meeting June 17, 18, 19	Boise Depot, Boise Idaho	\|
July 22, 2008, 8:30 a.m	Boise PERSI Office	\|
August 26, 2008, 8:30 a.m	Boise PERSI Office	\|
September 23, 2008, 8:30 a.m	Boise PERSI Office	\|
November 4, 2008, 8:30 a.m (October Meeting rescheduled)	Boise PERSI Office	\|
December 16, 2008, 8:30 a.m (December and November meetings combined)	Boise PERSI Office	\|