Quantcast
Home / News / Financial Services / Changes to Idaho pension plan could be debated

Changes to Idaho pension plan could be debated

A central Idaho lawmaker says changes to the Public Employee Retirement System of Idaho could be debated in the approaching Legislative session.

House Majority Caucus Chairman Ken Roberts of Donnelly, a Republican, says there has been a lot of discussion because of potential liability facing taxpayers due to possible poor investment returns.

He tells the Lewiston Tribune the potential change involves shifting the risk from taxpayers to employees and retirees.

But Republican Sen. Dean Cameron of Rupert says making such a change to the $11.1 billion fund wouldn’t save money and be devastating to state and local government entities.

The Public Employee Retirement System of Idaho has about 125,000 participants.


About The Associated Press