What is a Persi?

Persi typically refers to 'Public Employees Retirement System of Idaho' (PERSI), which is a retirement benefit program for public employees in the state of Idaho. It provides retirement, disability, and death benefits for eligible employees of state and local government. PERSI is designed to help public workers save for retirement through a defined benefit plan and a voluntary 401(k)-style plan called the Choice 401(k). Employees and employers contribute to the system throughout the employee's career, and benefits are calculated based on years of service and salary history. Participation in PERSI is mandatory for most public employees in Idaho.