Official Government Website
Public Employee Retirement System of Idaho (PERSI)
The Public Employee Retirement System of Idaho (PERSI) is a multi-billion dollar retirement plan designed to provide long-term pension benefits foreligible* public employees.
The PERSI Base Plan
The Base Plan is a defined benefit (DB) plan and is a qualified tax-deferred plan under Internal Revenue Service (IRS) Code Section 401(a). The lifetime allowance received at retirement from this plan is not dependent on the amount of money contributed to PERSI.
The PERSI Choice 401(K) Plan
PERSI offers a supplemental 401(k) plan. This defined contribution (DC) plan is offered to eligible PERSI members for additional retirement security.
PERSI Retirement Education
PERSI offers a variety of educational opportunities, including specialized workshops.
Learn More
Learn more about these benefits and if you are eligible by going to www.persi.idaho.gov.
*Eligibility depends on specific requirements. Please speak with your employer’s human resources department or representative to find out if you are eligible.
State of Idaho 457 Deferred Compensation Plan
The State 457(b) Plan is a voluntary, defined-contribution plan designed to supplement your pension and Social Security benefits in retirement. Contributions to the plan can be pre-tax salary deferral, post-tax (Roth), or a combination of both (not to exceed the annual plan maximum). Other key features of the plan are in-plan Roth conversions and in-service distributions (after attaining age 59½ while still actively employed). Unlike any other retirement plan, the 457(b) plan is only available to public employees and it allows you to withdraw your money the day you receive your final paycheck.
Resources
Monthly Webinar
Held the second Tuesday of every month at 10 am all about the State of Idaho 457b retirement benefit.
Find Your Representative
We have dedicated Sr. Retirement Specialists throughout the state in different regions. This will help you locate your rep.
457b Snapshot
FAQs about the State of Idaho 457b retirement plan benefit
Online Enrollment
A step-by-step guide to help you enroll in the State of Idaho 457b plan online. Site link: www.IdahoDC.com
Luma Instructions
How to create a life-event to acknowledge enrollment/contribution changes to payroll, a required step in the process
To learn more about the plan, visit www.idahodc.com.
- To enroll in the plan, complete the online enrollment form (select State of Idaho Deferred Comp Program). Alternatively, print, complete, and mail the enrollment form.
Mailing Address:
Nationwide Retirement Solutions
PO Box 182797
Columbus OH 43218-2797
Medicare
Idaho College Savings Program
The Idaho College Savings Program (IDeal), offered through the State of Idaho, provides families with an affordable way to save for college.
Investment Education
- PERSI Financial and Retirement Education
PERSI offers a variety of financial and retirement education opportunities including:- workshops
- interactive software
- videos
- counseling, and more!
- State of Idaho 457 Plan Website
Uncover and prioritize your investment goals, get a better understanding of investment concepts, and develop an investment strategy that helps you achieve financial freedom at retirement