Impact of PERSI Legislation

[Tom Trail <ttrail@moscow.com>]

Visionaries:

This last legislative session saw the passage of two major enhancements to
the PERSI system--
the state public employee retirement system.   Listed below are some of the
major impacts
of this legislation in terms of active PERSI members and retirees.   These
are based on
preliminary analysis and discussion and will be finalized after the October
meeting of the
PERSI board.

 1.  Return for the Year----13.2%

 2.  Gains Sharing--estimate that $150 million will be available.

 3.  Estimated impact on active members and retirees

      . $1,000 for the average employee--money to go into a 401 tax
deferred type account

      . About the equivalent of one month of benefit for the average
retiree--this will come in
         a 13th check in January or February 2001.

      .  COLA -- $151 million which will cover the yearly COLA

I will communicate the finalized data after the PERSI Board Meeting in
October.  I'm currently
serving as a Legislative Representative on the PERSI Medigap Committee.

Rep. Tom Trail/Dist. 5

Dr. Tom Trail
International Trails
1375 Mt. View Rd.
Moscow, Id. 83843
Tel:  (208) 882-6077
Fax:  (208) 882-0896
e mail ttrail@moscow.com