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Denney killed reform bill, now could get sevenfold pension spike

Former House Speaker Lawerence Denney, R-Midvale, personally killed a bill in 2012 that would have closed a loophole that counts part-time legislative service as full-time experience in calculating state pension benefits, reports the Spokesman-Review’s Betsy Russell. Denney, 65, announced Thursday

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Posted in Election Central, Idaho Politics

Idaho’s PERSI ranks 8th in US in funding ratio for public pensions

The Public Employee Retirement System of Idaho has 46 percent of the assets necessary to cover promised payments according to a new estimate that relies on a 3.2 percent rate of return rather than the higher returns projected by most

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Posted in Idaho Politics