Additional Limits On Purchased Service

The Internal Revenue Code imposes limits on the amount of retirement benefits that can be paid to a retiree under a defined benefit plan. Benefits acquired through purchase of service are subject to these limits for some purposes. In no event can a member purchase service that would result in the member exceeding the limits imposed in Section 415(n)(1)(A) of the IRS Code. In addition, a member’s initial retirement benefit, including purchased service, continues to be subject to the limitation in Section 59-1342(6), Idaho Code. (7-1-24) 631. -- 649. (RESERVED) SUBCHAPTER F – PERSI GAIN SHARING RULES Rules 650 through 755