Extra benefits for some former Idaho lawmakers
Some former lawmakers will receive extra benefits within the state retirement system thanks to a provision of Idaho Code that defines who can be considered a full-time public employee of the state of Idaho. Public employees, including state legislators, are part of the Public Employee Retirement System of Idaho (PERSI), the agency which administers the state’s retirement accounts. When lawmakers take office, they automatically have a portion of their legislative pay deducted and contributed to their personal PERSI account. That money is then saved, invested, and paid out when a legislator retires.
But for a select few lawmakers-turned-administrators, time in the Legislature followed by an appointment to a state administrative position can mean big bucks at retirement thanks to Idaho Code 59-1302 (14), a statute which determines how employees are defined with regard to PERSI. Dustin Hurst/Idaho Reporter Read more.
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