Idaho Code · Title 59 · Public Officers and Employees
Idaho Code § 59-1363

Purchase Of Membership Service

Ch. 13 — PUBLIC EMPLOYEE RETIREMENT SYSTEM
Idaho Code ● ACTIVE State Law Title 59
Statutory Text

Idaho Code § 59-1363 — Purchase Of Membership Service.

TITLE 59 PUBLIC OFFICERS IN GENERAL CHAPTER 13 PUBLIC EMPLOYEE RETIREMENT SYSTEM 59-1363. Purchase of membership service. (1) Notwithstanding any other provision of this chapter, an active or inactive member who is vested may purchase up to forty-eight (48) months of membership service within ninety (90) days prior to the date of retirement as defined in section 59-1302 (28), Idaho Code. (2)  The cost of purchases under this section shall be the full actuarial costs of the service as determined by the board. The board may provide for payment options, including periodic payments, but no service shall be credited until payment has been made in full. The member shall be solely responsible for the costs of such purchased service, except that an employer may participate in the costs at its option. (3)  In no event shall any member be allowed to purchase in the aggregate more than forty-eight (48) months of membership service under this section.

History:[59-1363, added 2000, ch. 440, sec. 1, p. 1401; am. 2002, ch. 9, sec. 2, p. 12; am. 2007, ch. 44, sec. 6, p. 113; am. 2024, ch. 18, sec. 1, p. 158.]
Source: legislature.idaho.gov — public domain Official Source ↗
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Federation ID
BS-IC59-SEC-5606CB
Entity Class
STATUTE / IDAHO-STATE-CODE-SECTION
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boisestandard.org
Jurisdiction
Idaho — United States
Citation
Idaho Code § 59-1363
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✓ ACTIVE
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PRIMARY-SOURCE
Source Verified
✓ TRUE
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4ad49397a3e97b61...
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Pending — corpus passes queued
The statutory text of Idaho Code § 59-1363 is reproduced from the official Idaho Legislature website (legislature.idaho.gov), published by the Idaho Legislative Services Office. Idaho Code is public domain.
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