Employees who work 20 or more hours per week for five continuous months or more are eligible for PERSI. PERSI is a defined benefit retirement plan. Five (5) years vesting is required for full participation. The retirement benefit is determined by a formula which considers:
- Age at the time of retirement
- Number of months credited state service, and
- The highest average monthly salary paid over a period of 42 consecutive months service.
Current contributions required are:
- Employees -6.79% of salary which is federal and state tax deferred
- Employer – 11.32%
The PERSI Coeur d’Alene office phone is 1-800.962.8228.
PERSI Website: www.persi.idaho.gov
Please see the PERSI Website for more useful information.