The Public Employee Retirement System of Idaho (PERSI) will
present a number of workshops throughout the state in the
next few months to help employees prepare for impending retirements.
The classes include PERSI 101, an introduction to the PERSI
base plan, PERSI 202, a review of the base plan and comprehensive
look at the PERSI Choice Plan (401(k)), and PERSI 505 for
employees on the brink of retirement.
Detailed descriptions of the classes and the most current
schedule follow. Employee groups interested in scheduling
or serving as host of one of the sessions can forward their
request to the Human Resource Department in Boise, or call
Betsy Griffith at (208) 334-2451, ext. 297, or toll-free at
(800) 451-8228, ext. 297.
PERSI 101 (2 hours): Introduction to the PERSI Base Plan
(retirement benefits) and your PERSI Choice Plan 401(k). The
class also includes financial planning basics. Employees will
learn why theyre part of PERSI and how their retirement
benefits may become one of their most valuable assets. The
class is free.
PERSI 202 (2 hours): Review of the PERSI Base Plan (retirement
benefits) and an in-depth look at the PERSI Choice Plan 401(k).
The class will cover investment terminology, different ways
to save and invest, asset allocation, compounding, tax issues
and more. Participants will learn how to use the 401(k) along
with other savings programs (457, 403b, IRA's, etc.) to build
a financially secure future. The class is free.
PERSI 505 (all day): This presentation is for employees who
are within five years of retirement. They will learn how to
combine PERSI Base Plan and Choice Plan benefits with Social
Security and other income sources for a rewarding retirement.
Also covered in PERSI 505 are health care costs, taxes, and
estate planning. A $15 advance fee is required, but will be
returned when employees show up for the class.
To register for any of the classes, go to the DHR website
and look for the form to download, complete and return.
DHR reports that demand for the classes has been overwhelming
and most fill up quickly. New classes will be offered periodically,
so theck the website for the latest schedule.
Unfortunately, DHR staff will not be able to come to Headquarters
or the District 3 ITD office until some time this summer.
ITD employees are encouraged to sign up for one of the following