PERSI
Full time (benefitted) employees of the Coeur d' Alene School District participate in the Public Employee Retirement System of Idaho (PERSI). The PERSI Base Plan provides a pension benefit to career public employees. The longer you work for a PERSI employer, the greater your retirement benefit will be. Although you may not remain a public employee your entire career, if you work for a PERSI employer and earn 60-months of service credit, you will be vested and recieve a lifetime benefit at retirement. A 60-month vesting period does not have to be with the same PERSI Employer.
For detailed information on PERSI, visit their website. With specific questions for PERSI regarding your account, retirement, or other information, call their employee answer center at 800-451-8228.
BASE PLAN BENEFITS: You become a PERSI member when you go to work in an eligible position with a PERSI employer. Enrollment in the PERSI Base Plan is automatic. Both you and your employer make contributions to PERSI. Your contributions are creditied to your personal account, while employer contributions are pooled in a trust fund to cover benefits. The actual value of your benefit exceeds your contributions. When you retire, PERSI will pay you every month for as long as you live - and if you selected a retirement option with survivor benefits, your Contingent Annuitant will receive a benefit for live after your death.
PERSI CHOICE BENEFITS (401K): The Choice Plan is a defined contribution savings option for active members. It allows you to contribute a portion of your salary on a tax-deferred basis via payroll deduction. This means your contributions come out of your paycheck before taxes, thereby reducing the amount of taxes you pay during the year.
403b
The Coeur d' Alene School District allows full time employees to make investments into approved 403b accounts. For more information on retirement planning with a 403b, consult with a financial advisor.
Click below for additional information and a list of our approved providers.
