Section 59-1317 – RIGHTS TO BENEFITS INALIENABLE.
59-1317. RIGHTS TO BENEFITS INALIENABLE. (1) The right of a person to any benefits under this chapter and the money in any fund created by this chapter shall not be assignable or subject to execution, garnishment or attachment or to the operation of any bankruptcy or insolvency law. (2) Notwithstanding subsection (1) of this section, […]
Section 59-1335 – CONTRIBUTIONS — FROM SCHOOL EMPLOYEES.
59-1335. CONTRIBUTIONS — FROM SCHOOL EMPLOYEES. The contribution for a member who is classified as a school employee as defined in section 59-1302(31A), Idaho Code, shall be sixty percent (60%) of the employer contribution rate determined pursuant to section 59-1322, Idaho Code, and rounded to the nearest one hundredth percent (.01%) of salary. The board […]
Section 59-1318 – RIGHTS IN ASSETS OF SYSTEM LIMITED.
59-1318. RIGHTS IN ASSETS OF SYSTEM LIMITED. No particular person, group of persons or entity shall have any right in any specific portion of the assets of the system other than such undivided interest in the whole of such assets as is specified in this chapter. History: [(59-1318) 1963, ch. 349, Art. 9, sec. 4, […]
Section 59-1341 – CONDITIONS OF ELIGIBILITY FOR SERVICE RETIREMENT.
59-1341. CONDITIONS OF ELIGIBILITY FOR SERVICE RETIREMENT. A vested member is eligible for service retirement as indicated below, based upon his service retirement ratio. A member’s service retirement ratio shall, at retirement, be equal to the ratio of (1) to (2) as follows: (1) The number of years of credited service for which the member […]
Section 59-1319 – APPROVED DOMESTIC RETIREMENT ORDERS — REQUIREMENTS.
59-1319. APPROVED DOMESTIC RETIREMENT ORDERS — REQUIREMENTS. (1) An approved domestic retirement order must meet the following requirements: (a) Clearly specify that such order applies to the retirement system; (b) Clearly specify the effective date of the order, which is the date of divorce or the date of an earlier property settlement agreement incorporated into […]
Section 59-1342 – COMPUTATION OF SERVICE RETIREMENT ALLOWANCES — MINIMUM BENEFITS.
59-1342. COMPUTATION OF SERVICE RETIREMENT ALLOWANCES — MINIMUM BENEFITS. (1) The annual amount of accrued retirement allowance for each month of credited service for which a member was not classified as a police member or firefighter shall equal one and two-thirds percent (1 2/3%) of the member’s average monthly salary. Effective October 1, 1992, the […]
Section 59-1320 – APPROVED DOMESTIC RETIREMENT ORDERS — APPLICATION AND EFFECT.
59-1320. APPROVED DOMESTIC RETIREMENT ORDERS — APPLICATION AND EFFECT. (1) The executive director of the public employee retirement system or his designee upon receipt of a copy of a domestic retirement order, shall determine whether the order is an approved domestic retirement order and shall notify the member and the alternate payee of the determination […]
Section 59-1321 – PROCEDURE FOR EMPLOYEES OF POLITICAL SUBDIVISIONS TO BE INCLUDED IN RETIREMENT SYSTEM.
59-1321. PROCEDURE FOR EMPLOYEES OF POLITICAL SUBDIVISIONS TO BE INCLUDED IN RETIREMENT SYSTEM. A political subdivision not participating in the system may, through its governing body, notify the board in writing that it elects to include its employees in the system. The board shall make a study and estimate the cost of including such employees […]
Section 59-1322 – EMPLOYER CONTRIBUTIONS — AMOUNTS — RATES — AMORTIZATION.
59-1322. EMPLOYER CONTRIBUTIONS — AMOUNTS — RATES — AMORTIZATION. (1) Each employer shall contribute to the cost of the system. The amount of the employer contributions shall consist of the sum of a percentage of the salaries of members to be known as the "normal cost" and a percentage of such salaries to be known […]
Section 59-1324 – TRANSFER OF MONEYS FROM STATE COMMUNITY COLLEGE ACCOUNT.
59-1324. TRANSFER OF MONEYS FROM STATE COMMUNITY COLLEGE ACCOUNT. After July 1, 1984, the state board of education shall, at the request of the board, direct the transfer from the state community college account or from appropriations made for that purpose to the public employee retirement account of an aggregate sum in lieu of and […]