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Bob I received your investment report this morning it looks very optimistic hello I'm Don Drum the director of Pursy Pursy administers the retirement plan for seven hundred and thirty seven public employers and we serve 125 thousand members in fiscal year 2010 Percy paid out five hundred and twenty two million dollars of benefits four hundred and sixty five million dollars of those benefits were mailed to retirees with Idaho addresses today we're going to provide a historical background of the fund and also describe some important elements of the retirement system in addition we will talk about how well the plan has worked for the citizens of Idaho if after viewing this video you have any questions please do not hesitate to contact me percy was created by the Idaho State Legislature in 1963 to provide public employees with a reasonable retirement benefit to supplement Social Security the legislature designed a retirement plan that would minimize taxpayer costs and risks while safeguard

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