Retirement & Savings

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 for eligible* 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.