Retiree Allocation

After the amount to be allocated to the retiree group has been determined, it shall be allocated among the members of the group. The retiree allocation determines each member’s share before considering any applicable individual limits. Each member’s initial share shall be determined by dividing that retiree’s monthly benefit at the close of the fiscal IDAHO ADMINISTRATIVE CODE IDAPA 59.01.01 Public Employees Retirement System of Idaho Rules for PERSI Section 726 Page 26 year by the total monthly benefits payable to all members of the group at the close of the fiscal year, multiplied by the amount allocated to the retiree group. (7-1-24)