Archives: FAQs
FRF 2018
10/25/18 – Sample FRF JE Employers With FYE 9-30-2018 Using 6-30-2018 Measurement Date
10/25/18 – FRF Sample Footnote For Employers With 9-30-2018 FYE Using 6-30-18 Measurement Date
10/25/18 – PERSI GASB 68 2018 Allocation Report FRF
10/25/18 – PERSI GASB 68 2017 Allocation Report FRF
10/25/18 – PERSI 2018 Financial Statements
10/25/18 – FRF 2018 GASB 68 Actuary Report
Insurance Vendors
School District and Charter Schools
Idaho Code 33-1228 allows eligible retirees to convert half of their unused sick leave to a sick leave account that is used to pay premiums for “group health, long-term care, vision, prescriptions drug, and dental programs as may be maintained by the employer”. Upon your retirement, your employer will provide PERSI with an accounting of your unused sick leave, and this accounting will be used to calculate the amount of unused sick leave credited to your account.
The coverage options available vary by district, so to determine the current list of insurance options available to you, you will need to contact the HR office at the employer you retired from. Once you decide on which coverage options, you are responsible for contacting the insurance carrier, enrolling in coverage, and instructing the carrier to add your name to the PERSI billing file. If you wish to change insurance plans or cancel your coverage, you must contact the insurance carrier directly. The insurance carrier will then end the deductions from your PERSI account.
State of Idaho
Idaho Code 67-5333 allows eligible retirees to convert half of their unused sick leave to an account that can be used to pay premiums for “such health, dental, vision, long-term care, prescription drug, and life insurance programs as may be maintained by the state”. Upon your retirement, your employer will provide PERSI with an accounting of your unused sick leave, and this accounting will be used to calculate the amount of unused sick leave credited to your account.
The Office of Group Insurance is responsible for entering into agreements with insurance carriers to provide coverage to the State of Idaho retirees. Once you decide on coverage options, you are responsible for contacting the insurance carrier, enrolling in coverage, and instructing the carrier to add your name to the PERSI billing file. If you wish to change insurance plans or cancel coverage, you must contact the insurance carrier directly. The insurance carrier will then end the deductions from your PERSI account. “For the list of approved carriers and contact information, visit the website of the Office of Group Insurance.”
Archive
2023
4Q23 PE Performance
3Q23 PE Performance
2Q23 PE Performance
1Q23 PE Performance
2022
4Q22 PE Performance
3Q22 PE Performance
2Q22 PE Performance
1Q22 PE Performance
2021
4Q21 PE Performance
3Q21 PE Performance
2Q21 PE Performance
1Q21 PE Performance
2020
4Q20 PE Performance
3Q20 PE Performance
2Q20 PE Performance
1Q20 PE Performance
2019
4Q19 PE Performance
3Q19 PE Performance
2Q19 PE Performance
1Q19 PE Performance
2018
4Q18 PE Performance
3Q18 PE Performance
2Q18 PE Performance
1Q18 PE Performance
2017
4Q17 PE Performance
3Q17 PE Performance
2Q17 PE Performance
1Q17 PE Performance
2016
4Q16 PE Performance
3Q16 PE Performance
2Q16 PE Performance
1Q16 PE Performance
2015
4Q15 PE Performance
3Q15 PE Performance
2Q15 PE Performance
1Q15 PE Performance
2014
4Q14 PE Performance
3Q14 PE Performance
2Q14 PE Performance
1Q14 PE Performance
2013
4Q13 PE Performance
3Q13 PE Performance
2Q13 PE Performance
1Q13 PE Performance
2012
4Q12 PE Performance
3Q12 PE Performance
2Q12 PE Performance
1Q12 PE Performance
2011
4Q11 PE Performance
3Q11 PE Performance
2Q11 PE Performance
1Q11 PE Performance
2010
4Q10 PE Performance
3Q10 PE Performance
2Q10 PE Performance
1Q10 PE Performance
2009
4Q09 PE Performance
3Q09 PE Performance
2Q09 PE Performance
1Q09 PE Performance
2008
4Q08 PE Performance
3Q08 PE Performance
2Q08 PE Performance
1Q08 PE Performance
2007
4Q07 PE Performance
3Q07 PE Performance
2Q07 PE Performance
1Q07 PE Performance
2006
4Q06 PE Performance
3Q06 PE Performance
2Q06 PE Performance
1Q06 PE Performance
2005
4Q05 PE Performance
3Q05 PE Performance
2Q05 PE Performance
1Q05 PE Performance
2004
4Q04 PE Performance
3Q04 PE Performance
2Q04 PE Performance
1Q04 PE Performance
2003
4Q03 PE Performance
3Q03 PE Performance
2Q03 PE Performance
1Q03 PE Performance
2002
4Q02 PE Performance
3Q02 PE Performance
2Q02 PE Performance
1Q02 PE Performance
2001
4Q01 PE Performance
3Q01 PE Performance
2Q01 PE Performance
1Q01 PE Performance
2000
4Q00 PE Performance
3Q00 PE Performance
2Q00 PE Performance
1Q00 PE Performance
2024
2019
Omnibus Rulemaking – Adoption of Pending Rule
11/21/2019 | Idaho Administrative Bulletin, Vol. 19-11SE, Pages 5992 – 6049
Omnibus Notice – Temporary/Proposed
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7423 – 7424
Rules of Administrative Procedure
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7425 – 7435
Rules for Eligibility
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7436 – 7441
General Provisions / Contribution Rate / Miscellaneous / Interest Rate Rules
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7442 – 7445
Disability Rules
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7446 – 7449
Separation from Service Rules
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7450 – 7453
Retirement Rules
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7454 – 7470
Gain Sharing Rules
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7471 – 7476
Rules for the Judges’ Retirement Fund
06/19/2019 | Idaho Administrative Bulletin, Vol. 19-6SE, Pages 7477 – 7489
2018
Contribution Rules
12/05/2018 | Idaho Administrative Bulletin, Vol. 18-12, Page 176
Retirement Rules
12/05/2018 | Idaho Administrative Bulletin, Vol. 18-12, Page 177
10/03/2018 | Idaho Administrative Bulletin, Vol. 18-10, Pages 559 – 560
Interest Credited To Member Accounts
Members are paid interest on their PERSI account balances at a rate that is determined annually by a formula established in PERSI rules. By rule, regular interest for each calendar year is the greater of 90% of the rate of return on the PERSI fund net of all expenses for the fiscal year ending immediately prior to the calendar year as reported in the actuary’s annual valuation report, or 1%.
The rate for each calendar year is based on the annual net rate of return at the end of the previous fiscal year (June 30). The interest rate will change January 1 of each year based on investment performance for the fiscal year ending the previous June 30.
| Dates | Annual Interest Rate Compound Monthly |
| 01/01/2024 to 12/31/2024 | 8.20% |
| 01/01/2023 to 12/31/2023 | 1.00% |
| 01/01/2022 to 12/31/2022 | 24.69% |
| 01/01/2021 to 12/31/2021 | 2.39% |
| 01/01/2020 to 12/31/2020 | 7.22% |
| 01/01/2019 to 12/31/2019 | 7.57% |
| 01/01/2018 to 12/31/2018 | 11.03% |
| 01/01/2017 to 12/31/2017 | 1.29% |
| 01/01/2016 to 12/31/2016 | 2.39% |
| 01/01/2015 to 12/31/2015 | 15.04% |
| 01/01/2014 to 12/31/2014 | 7.77% |
| 01/01/2013 to 12/31/2013 | 1.04% |
| 01/01/2012 to 12/31/2012 | 18.16% |
| 01/01/2011 to 12/31/2011 | 10.74% |
| 01/01/2010 to 12/31/2010 | 1.00% |
| 01/01/2009 to 12/31/2009 | 1.00% |
| 07/01/2008 to 12/31/2008 [a] | 17.51% |
| 01/01/2008 to 06/30/2008 [a] | 19.46% |
| 01/01/2007 to 12/31/2007 | 11.69% |
| 01/01/2006 to 12/31/2006 | 10.24% |
| 01/01/2005 to 12/31/2005 | 17.51% |
| 01/01/2004 to 12/31/2004 | 3.22% |
| 01/01/2003 to 12/31/2003 | 1.90% (Treasury Bill Rate) |
| 01/01/2002 to 12/31/2002 | 4.82% |
| 01/01/2001 to 12/31/2001 | 12.86% |
| 01/01/2000 to 12/31/2000 | 11.11% [b] |
| 01/01/1999 to 12/31/1999 | 4.75% |
| 07/01/1998 to 12/31/1998 | 5.25% |
| 07/01/1997 to 06/30/1998 | 5.50% |
| 01/01/1997 to 06/30/1997 | 5.25% |
| 07/01/1996 to 12/31/1996 | 5.00% |
| 01/01/1996 to 06/30/1996 | 5.50% |
| 07/01/1995 to 12/31/1995 | 6.00% |
| 01/01/1995 to 06/30/1995 | 5.25% |
| 07/01/1994 to 12/31/1994 | 4.25% |
| 01/01/1993 to 06/30/1994 | 4.00% |
| 07/01/1992 to 12/31/1992 | 4.50% |
| 01/01/1992 to 06/30/1992 | 5.00% |
| 07/01/1991 to 12/31/1991 | 6.50% |
| 01/01/1991 to 06/30/1991 | 7.25% |
| 07/01/1990 to 12/31/1990 | 7.50% |
| 07/01/1989 to 06/30/1990 | 7.00% |
| 07/01/1987 to 06/30/1989 | 6.50% |
| 07/01/1986 to 06/30/1987 | 7.50% |
| 07/01/1984 to 06/30/1986 | 9.00% |
| 07/01/1983 to 06/30/1984 | 8.50% |
| 07/01/1982 to 06/30/1983 | 8.00% |
| 07/01/1981 to 06/30/1982 | 7.50% |
| 07/01/1980 to 06/30/1981 | 7.00% |
| 07/01/1976 to 06/30/1980 | 6.50% |
| 07/01/1973 to 06/30/1976 | 6.00% |
| 07/01/1972 to 06/30/1973 | 5.50% |
| 01/01/1970 to 06/30/1972 | 5.00% |
| 01/01/1969 to 12/31/1969 | 4.50% |
| 07/01/1968 to 12/31/1968 | 4.25% |
| 07/01/1967 to 07/01/1968 | 4.00% |
[a] In the October 2007 PERSI board meeting, the board adopted a rule change that altered the formula for setting the interest rate. The 2008 legislature approved the change and it became effective July 1, 2008.
Rule 59.01.07.100 now states:
Regular interest for each calendar year shall be the greater of ninety percent (90%) of the rate of return on the PERSI fund net of all expenses for the fiscal year ending immediately prior to the calendar year as reported in the actuary’s annual valuation report or one percent (1%).
On July 1, 2008, the regular interest rate was changed from 19.46% to 17.51% in accordance with this rule change.
Prior to 2008…
The regular interest rate was the greater of:
1. The rate of return on the PERSI fund net of all expenses for the fiscal year ending immediately prior to the calendar year as reported in the actuary’s annual valuation report, or 2. The average interest rate of 13-week US Treasury bills on the last business day of each calendar quarter of the fiscal year ending immediately prior to the calendar year as reported in the “Money Rate” section of the Wall Street Journal.
[b] Prior to 1999…
The regular interest rate was based on the rate paid by local banks on one and two-year certificates of deposits with a $5,000 minimum balance.
PERSI Contribution Rate History
| Effective Date | General Member | Public Safety Member | School Employee Member | |||
| Employee | Employer | Employee | Employer | Employee | Employer | |
| 7/1/2024 | 7.18% | 11.96% | 10.83% | 14.65% | 8.08% | 13.48% |
| 7/1/2023 | 6.71% | 11.18% | 9.83% | 13.26% | 7.62% | 12.69% |
| 7/1/2022 | 7.16% | 11.94% | 9.13% | 12.28% | 7.16% | 11.94% |
| 7/1/2021 | 7.16% | 11.94% | 9.13% | 12.28% | ||
| 7/1/2019 | 7.16% | 11.94% | 8.81% | 12.28% | ||
| 7/1/2013 | 6.79% | 11.32% | 8.36% | 11.66% | ||
| 3/1/2010 | 6.23% | 10.39% | 7.69% | 10.73% | ||
| 7/1/2004 | 6.23% | 10.39% | 7.65% | 10.73% | ||
| 7/1/2003 | 5.86% | 9.77% | 7.21% | 10.11% | ||
| 11/1/1997 | 5.86% | 9.77% | 7.21% | 10.01% | ||
| 10/1/1994 | 6.97% | 11.61% | 8.53% | 11.85% | ||
| 10/1/1993 | 6.38% | 10.63% | 7.82% | 10.87% | ||
| 7/1/1993 | 5.84% | 9.75% | 7.19% | 9.99% | ||
| 10/1/1992 | 5.84% | 9.75% | 7.02% | 9.75% | ||
| 10/1/1985 | 5.34% | 8.89% | 6.40% | 8.89% | ||
| 10/1/1984 | 5.30% | 8.82% | 6.35% | 8.82% | ||
| 10/1/1983 | 5.26% | 8.75% | 6.30% | 8.75% | ||
| 7/1/1983 | 5.22% | 8.75% | 6.25% | 8.75% | ||
| 3/1/1983 | 5.22% | 8.75% | 6.05% | 8.75% | ||
| 10/1/1982 | 5.05% | 9.05% | 6.05% | 9.05% | ||
| 7/1/1982 | 5.01% | 9.50% | 6.00% | 9.50% | ||
| 7/1/1981 | 4.84% | 9.50% | 5.80% | 9.50% | ||
| 7/1/1980 | 4.67% | 9.50% | 5.60% | 9.50% | ||
| 7/1/1979 | 4.50% | 8.50% | 5.40% | 8.50% | ||
| 7/1/1977 | 4.50% | 7.30% | 5.40% | 7.30% | ||
| 7/1/1974 | 4.50% | 7.00% | 5.40% | 7.00% | ||
| 7/1/1971 | 3.00% | 7.00% | 3.60% | 7.00% | ||
| 1/1/1968 | 3.00% | 7.51% | 3.60% | 7.51% | ||
| 7/1/1967 | 3.00% | 8.00% | 3.60% | 8.00% | ||
| 1/1/1967 | 3.00% | 8.10% | 3.60% | 8.10% | ||
| 7/1/1965 | 3.00% | 9.10% | 3.60% | 9.10% |