Time Of Retirement

Within ninety (90) days before a member’s effective date of retirement, the member may request the cost of service to be purchased. Costs provided for purchased service are valid only for the effective date requested. Purchased service will be calculated into the member’s benefit only to the extent that it is paid by the effective date. In no event shall service be credited for which payment has not been made. Service may be purchased with after-tax dollars or with eligible rollover distributions. The member’s service class at the time of purchase determines the class of service that IDAHO ADMINISTRATIVE CODE IDAPA 59.01.01 Public Employees Retirement System of Idaho Rules for PERSI Section 627 Page 23 may be purchased. (7-1-24)