Idaho pension system better than most - Coeur d'Alene Press: Local News

Idaho pension system better than most

Print
Font Size:
Default font size
Larger font size

Posted: Friday, June 22, 2012 9:53 am | Updated: 10:15 am, Fri Jun 22, 2012.

Idaho is faring better than many states when it comes to funding its public employee pension and retiree health care systems.

A Pew Center on the States study on the widening gap between states’ assets and their obligation to fund pension systems ranks Idaho in the “needs improvement” and “solid performer” categories. Most states — 32 of them — landed in the “serious concern” category.  Emilie Ritter Saunders/StateImpact Idaho

Read more here

 

 

 

Why investment makes Idaho's pension system look good

Idaho’s public employee pension system gap continues to shrink.

As we reported yesterday, a Pew Center on the States Report compared each state’s pension system in 2010.  Many states, including Idaho, took a big hit when the financial markets crashed in 2008, resulting in staggering investment losses. Emilie Ritter Saunders/StateImpact Idaho

Read more here

  • Discuss

Welcome to the discussion.

3 comments:

  • carol posted at 5:42 pm on Fri, Jun 22, 2012.

    carol Posts: 388

    I know a lot of retired State of Idaho people that work at Wallys because they do not have health insurance into retirement and they need $$ to pay their property taxes.

     
  • mister d posted at 5:36 pm on Fri, Jun 22, 2012.

    mister d Posts: 1531

    Just keep the politicians greedy little hands out of the system and Idaho will continue to provide for employees who reach retirement age.

     
  • Frank Keegan posted at 12:23 pm on Fri, Jun 22, 2012.

    Frank Keegan Posts: 1

    If you think "Needs Improvement" is OK, you should find out what "100 percent funded" really means. Pew just accepts official numbers, which are lies. Take a look at Wisconsin, the best in the nation, according Pew. As of 2010 that state actually was only 60 percent funded, with a $55 billion unfunded liability politicians expect taxpayers to make good. For that $55 billion they will receive no government services or benefits of any kind. It's on top of any future tax rate hikes and revenue increase from economic growth. You should dig into your public pensions and find out what is really going on. Here are details on Wisconsin:
    http://www.statebudgetsolutions.org/publications/detail/wisconsin-proves-the-lie-of-pew-pension-numbers

     
default avatar
Welcome to the site! Login or Signup below.
|
Not you?||
Logout|My Dashboard

Stocks