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Idaho PERSI Rule of 80:
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The Idaho PERSI (Public Employee Retirement System of Idaho) Rule of 80 is a retirement eligibility criterion that requires the sum of an employee's age and years of service credit to be at least 80, with a minimum of 5 years of service credit.
The calculator uses the Idaho PERSI Rule of 80 formula:
Where:
Explanation: The rule requires both conditions to be met: the sum of age and service must be at least 80, and the employee must have at least 5 years of service credit.
Details: Determining retirement eligibility is crucial for public employees in Idaho planning their retirement timeline and understanding their pension benefits under the PERSI system.
Tips: Enter your current age in years and your total years of service credit. Both values must be valid positive numbers.
Q1: What is Idaho PERSI?
A: The Public Employee Retirement System of Idaho (PERSI) is the public pension system for most state and local government employees in Idaho.
Q2: Are there other retirement eligibility rules besides the Rule of 80?
A: Yes, PERSI has multiple retirement plans with different eligibility requirements. The Rule of 80 applies to the Base Plan for general members.
Q3: Can service credit from different employers be combined?
A: Generally, yes. Service credit from different PERSI-participating employers can typically be combined for eligibility calculations.
Q4: What happens if I meet the Rule of 80 but continue working?
A: You can continue working and your pension benefit will continue to increase based on additional service credit and potentially higher final average salary.
Q5: Where can I get official information about my PERSI benefits?
A: For official information about your specific situation, contact PERSI directly or consult your annual benefit statement.